Semel: Yahoo Working on Desktop Search

No surprise here.

While speaking at an investment conference on Monday, Yahoo's CEO Terry Semel said his company is building a desktop search tool.

"Yahoo is working on it. In short course, we'll have a desktop solution as well." He did not say specifically when Yahoo's desktop search program would be released.

Semel also told the audience that he plans to stay at Yahoo. Recently, there was some speculation in the press that he might be a contender for the CEO position at Disney.

and in other Yahoo news...

+ Yahoo has named Lloyd Braun, recently chairman of ABC Entertainment Television Group, to lead Yahoo's media and entertainment division. More in this Reuters article and the news release.