Yahoo CEO Carol Bartz thinks it could take another year or two before the Internet company reaps the gains from a shake-up that began after her hiring six months ago.
Bartz also played down the chances of Yahoo teaming up with rival Microsoft in remarks made Wednesday in New York.
Yahoo has been trying to streamline its operations and improve its online advertising system since Bartz replaced Yahoo co-founder Jerry Yang as CEO in January. Bartz predicted it will take another 12 to 24 months to complete the transformation.
With the company's profits slumping since 2006, Bartz has continued to explore the possibility of turning over Yahoo's search operations to Microsoft. But she emphasized Wednesday that Yahoo has a "bright, bright future" without Microsoft.