On stage today at TechCrunch Disrupt New York, Yahoo CEO Marissa Mayer pushed against the narrative that Yahoo is worth nothing. The company has a market capitalization in the tens of billions, but’s it been pointed out that if you add up the value of its stakes in Yahoo Japan, and Alibaba, the company could be valued at something approaching zero.

Yahoo’s Web sites still look like something out of the ’90s to me. Having said that, I have faith in Mayer.