Yahoo! Inc. (NASDAQ:YHOO) took a step closer toward repositioning itself into a 'Mobile First Company' after announcing a New Mobile-Application Development Suite at its first ever Mobile Developer Conference in San Francisco.
Last quarter, he initiated a position in Yahoo! Inc. (YHOO) by buying 2,025,000 of its shares. Yahoo's current (under) valuation continues to surprise many investors including the noted finance professor Ashwath Damodaran.
Ever since Yahoo! Inc. (NASDAQ: YHOO) announced it was spinning off its stake in Alibaba Group Holding Ltd (NYSE: BABA) into a separate entity, there has been speculation from some quarters about whether Yahoo is preparing itself for being bought.