"Moving forward, we are going to be laser-focused on these three core things:

• Close the gap in monetization of seach
• Widen our lead in graphical advertising
• Seize the opportunity in social media, video, and mobile. "

--Terry Semel, speaking on Yahoo's earnings call yesterday , discussing both the Q3 drop in profit and the strong- go-forward plans.

"We continued to experience strong growth in the third quarter, albeit at a slower rate than we expected a few months ago."

-- Yahoo CFO Sue Decker, on the same call .

Source: Seeking Alpha (Thanks, David)

Susan sez: It was great to be on campus and have Panama release at the same time the execs talked about some softness in the quarter. Everyone has been waiting for this release. Now iteration One is live.