] Yahoo managed for once to eke out 1 percent revenue growth, and that is actually something for the company to celebrate.
] Many of Mayer comments, as well as those from CFO Ken Goldman, were directed at such activist investors - in particular Starboard Value, which sent a letter to Mayer last month urging her to sell off its Alibaba and Yahoo Japan stakes, lay off a good chunk of staff and, merge with AOL.
] Yahoo has spent $1.6 billion on acquisitions - with 80 percent on Tumblr and Flurry alone - and has another $12 billion in cash, much of which could go toward more deals.
] "Halting Yahoo's aggressive acquisition strategy" was another item Starboard had on the to-do list it drew up for Yahoo.
] Mayer had been given a grace period as long as Alibaba remained private, since many investors had seen Yahoo as a proxy for the Chinese ecommerce giant.
] It's progress for Yahoo, and the kind of progress that many skeptics didn't expect to see.
] I remain among the skeptics about Yahoo's prospects, but I also feel Mayer has enough evidence to buy her more time to try and turn Yahoo around