This is a sad one.  Venerable Yahoo, the original web portal, is in such trouble that it doesn’t know what to do.  So Yahoo will this year begin tearing itself apart.

This will be presented as a semblance of a strategy but I doubt that’s true.  More likely it will be the company attempting to maintain or even increase earnings by selling its seed corn. So look for Yahoo to dispose of its huge assets in China, to sell the part that it owns of Yahoo Japan, and to spin-off photo-sharing site Flickr as a separate company.

It will make the stock look great… for awhile.