Word: yahoo
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Dates: during 1990-1999
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Buried in Yahoo's stellar Wednesday-night earnings report -- sales of $41.2 million, up 36 percent from the beginning of the year; traffic of 115 million daily pageviews in June, up from 95 million in March; a 2-for-1 stock split -- was news that the search standout was raising $250 million by selling new stock to Softbank, which already owns nearly a third of the company. We could all use another $250 million, but what does Yahoo need...
...YORK: After suffering from a momentary lapse of enthusiasm Wednesday, Internet stocks reignited Thursday following an amazing spate of announcements from Wall Street's darling, Yahoo. The buoyant trio of Net portals -- Yahoo, Excite and Lycos -- was up a combined 20 points by noon, with Yahoo accounting for half that gain, and the tech-heavy NASDAQ was pushing into record territory...
...Yahoo's earnings prove it's the strongest company in the group, says TIME Wall Street columnist Daniel Kadlec. Will it turn out to be the next Microsoft? "That's a crazy bet to make and yet everybody's making it," Kadlec says. "Yahoo is riding a mania for Internet stocks, just like the mania for biotech in 1991. These stocks have so much room to collapse." Indeed, in announcing only a 2-for-1 split Wednesday (effective in August), Yahoo might be signaling that it knows some bearish days are coming. Notes Kadlec: "A $200 stock price means Yahoo...
...coming months, advertising and shopping will increase on the Net, notes Regina Joseph, senior analyst at New York City's Jupiter Communications. Total online shopping revenues for 1998 are projected at $5.8 billion, with advertising revenues expected to rise to $1.9 billion. In March, new-media phenom Yahoo launched Yahoo Seniors' Guide www.seniors.yahoo.com) an Internet resource with advertisers and a gateway to 13 areas of popular interest, including finance, health and travel--sites 50-plus users visit most frequently. Later this year American Airlines plans to provide travel packages specifically designed for seniors on its website. Net users clicking onto...
...Baseball is baseball," the yahoo said at the end of the game...