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Net sales fell in all business lines except display business.
Google has also been acquiring companies to build its display business.
At age 29 Arthur founded a leading company in the point-of-purchase display business.
The underperforming Display business appears to be substantially weighing down AOL's potential valuation.
We estimate that AOL's Display business is currently losing over $500 million per year, including $150 million in Patch alone.
Talk story about the Harvard Club's recent decision to allow members to display business papers at breakfast.
However, the announced sale of the patents does little to address our serious concerns with the Company's poor operating performance and substantial losses in the Display business.
Conversely, recent public comments by management demonstrate that AOL remains committed to the status quo in its Display business – which we find unacceptable.
Among those deals was selling a majority stake in Hussman, a refrigerated display business, to the investment firm Clayton Dubilier & Rice last year for about $200 million.
Yahoo's key problem is true of many media companies - its desktop-based display business is wilting, but the mobile side of the business isn't growing fast enough.
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It pointed to its memory and display businesses, which account for 43percentt of its revenue.
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