Yahoo CEO praises new ad system, says “very happy” from Reuters reports that Yahoo CEO Terry Semel said at an AdAge conference that Yahoo’s new “Panama” ad system, will result in “some very exciting numbers” for the first quarter.

“I’m totally all smiles,” Semel said about Panama. He restated that Yahoo’s “intention is to close the gap and Panama is doing a great job.”

Related Topics: Yahoo: Business Issues | Yahoo: Search Ads

About The Author: Barry Schwartz is Search Engine Land's News Editor and owns RustyBrick, a NY based web consulting firm. He also runs Search Engine Roundtable, a popular search blog on very advanced SEM topics. Barry's personal blog is named Cartoon Barry and he can be followed on Twitter here. For more background information on Barry, see his full bio over here. See more articles by Barry Schwartz