Yahoo! Inc. (Nasdaq:YHOO) Still Can't Produce Growth

While Yahoo! Inc. (Nasdaq:YHOO) CEO Carol Bartz has done an admirable job of cutting costs at Yahoo, if she wants to keep her job, she must find a way to generate revenue, while at the same time building up the company for the long haul.

You can only say so many times it's going to take time to get the company moving. Bartz doesn't have that much time, and must find something tangible to hold onto in the short term while implementing her long-term strategy.

If not, it won't be too long before she's gone from the company.

The problem is of course, others haven't been able to find an answer, and it seems the embedded culture of Yahoo! can't be broken out of to bring things to a new level.

Yahoo's chief financial officer, Tim Morse, said, "We are on the right path. We are transitioning into a different company, and that is going to take some time."

Heading into 2011, there are no answers either, as the partnership with Microsoft (NASDAQ:MSFT), along with cutbacks and selling of assets, is expected to slash Yahoo's revenue by $220 million.

The problem is all we're hearing about is cutbacks, but we're not hearing about what the exact strategy is that will take time for Yahoo to put into action.

There is no visibility or clarity, and until that happens, and some of the actions produce results, Yahoo is going to be in a lot of trouble as it continues to lose revenue, as there is only so many cuts you can make before a company must grow.

The fact that competitors such as Google (NASDAQ:GOOG) and Facebook are able to grow advertising dollars in a tough economic market shows Yahoo simply doesn't know what to do to grow.

Cuts seem to be the narrative in order to continue to attempt to buy time. But time is running out, and there must be something or several things put in place that shareholders can bite into and see some light at the end of the tunnel.

At this time there is little but darkness, and nothing in place to imply a future that includes growth.

Yahoo! closed Tuesday at $16.02, losing $0.07, or 0.44 percent.