Word: yahoo
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...means the weakest companies in the group are now toast." ABHISHEK GAMI, U.S. Internet analyst, issuing a grave outlook for Web firms after Yahoo issued a profit warning last week
...websites that rely on advertising for their dollars, such as news and magazine sites, have been hit especially hard. Why? Because no one--stop us if we're wrong here--cares about those annoying, ubiquitous banner ads. The solution? Bigger ads! A coalition of websites, including AOL and Yahoo, has agreed on standards for larger, harder-to-ignore ads that will supplement the much maligned banner ad. For a glimpse of things to come, check out the tech-info site News.com which is already running the new ads. Let's hope they have a banner year...
...individual stocks or park your money in a mutual fund, so much of the stock market (especially technology companies) has been beaten down so much that there's only upside left, at least in the long term. When the market overreacts by punishing great companies like Cisco or Yahoo as much as it has hurt companies that should never have existed (like online pet supply stores with asinine mascots), then you know that now is the best time...
...Internet collapse continues, and even substantial firms like Amazon and Yahoo are struggling to stay ahead of it. But eBay has never had it better. Revenues topped $430 million last year, up 92% over 1999. The auction king now has 22.5 million registered users, a number that grew at a 125% annualized rate last quarter. And it's on track to do more than $6 billion in gross merchandise sales this year...
...Maximum fine 16-year-old "Mafiaboy" could pay for hacking into computers at Yahoo, eBay and Dell, among others, last year...