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Everyone talks about how the boys in Columbine learned to make bombs on the Internet and whiled away their unhappy hours on neo-Nazi websites. Nobody talks about the fact that the Web's most profitable sites are not Yahoo!, Amazon or Priceline, but sites that peddle what, in a more innocent time, used to be called "dirty pictures." Or the fact that sex websites generate a billion dollars in revenue every year, thanks to the 20 million (and climbing) Americans who frequent them...
...Burns says that since Democrats in Congress defeated a term-limits amendment, which he supported, he's not going to throw away his position as chairman of the Commerce Committee's influential Communications Subcommittee. There, he has become such a proponent of e-commerce and privacy protection that Yahoo magazine called him "one of the Fathers of the Internet." Don't tell Al Gore...
...investing backdrop hasn't been this frightening since 1990. An eroding wealth effect could hurt consumer confidence, while a surging dollar is taking a bite out of the earnings of U.S. multinationals. Among companies sending up earnings flags: Home Depot, Yahoo, Lucent, Intel, Kodak, Dell and DuPont. Meanwhile, renewed hostilities in the Middle East are pushing oil prices higher, threatening to stoke inflation...
...that have made the last month so hellish have already been fired. If there was really bad news out there, goes the reasoning, they would have warned us like Intel did. The bad scenario is that, well, they didn't. And that six months after those high-flyers like Yahoo, Amazon, Cisco, AOL got shot down in April and for the most part stayed down, there's still a whole lot of shakin...
...Yahoo. After the end-of-session bell, the tech bellwether is expected by some to disappoint with its earnings report, thanks to a slowdown in the dot-com advertising sector. (Less new dot-coms these days, which means less new dot-com ad men bidding for space on prime-time portal Yahoo.) If Yahoo - which is unveiling some new voice-based services (read: potential revenue streams) Tuesday afternoon, possibly as a means of softening the blow for the earnings news - can please the Street, good vibrations for the dot-commerce sector could follow. If Yahoo disappoints, it's one more...