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Signaling her reign has reached a pivotal juncture undercover nike react element 87 cheap , Yahoo CEO Marissa Mayer is trying to convince restless shareholders that the long-struggling Internet company is heading in the right direction.


Mayer staunchly defended her strategy during a Tuesday presentation that addressed recent criticism leveled by activist investor Starboard Value LP, a New York hedge fund with a history of leading shareholder mutinies.


Starboard contends that since Mayer became CEO in July 2012, Yahoo has been wasting money on ill-advised acquisitions and a bloated payroll while mismanaging its lucrative stake in Chinese e-commerce company Alibaba Group.


In her rebuttal, Mayer described the $1.6 billion spent her more than 30 acquisitions as smart investments that have made Yahoo more competitive in the increasingly important mobile-device market. She also highlighted cost-cutting measures that have included closing eight offices nike react element 87 cheap , dumping 65 products and jettisoning about 1,600 contractors.


And she insisted that Yahoo wouldn't have been in a position to make as much money as it has on its Alibaba holdings if she hadn't taken steps to ease "years of tension and hard feelings" that existed between the two companies before she came to Yahoo.


"This team has now been in place for two years and we've achieved much more than many people realize," Mayer said.


Starboard didn't immediately respond to requests for comment late Tuesday.


Yahoo's biggest problem has been its inability to sell more digital advertising, even though marketers are shifting more of their budgets to the Internet and mobile devices.


The issue surfaced again in Yahoo's latest quarterly results nike m2K tekno white cheap , even though the company fared slightly better than analysts anticipated. Yahoo's revenue during the three months ending in September rose by just 1 percent from last year to $1.15 billion, a dramatic contrast to the 20 percent increase posted by rival Google Inc.


Yahoo's share of the roughly $141 billion worldwide market for digital advertising now stands at 2.4 percent, down from 3.9 percent in 2011, according to the research firm eMarketer Inc. Google holds a 32 percent share Facebook Inc.'s shares stands at 8 percent.


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