The Word At Yahoo! Yikes!
It has been a gut-wrenching turn of events for Yahoo! Inc. The bellwether Internet portal beat analysts' expectations on Oct. 10 with third-quarter revenue of $295 million--90% higher than a year earlier. Not too shabby. But skittish investors, fretting about Yahoo's dependence on advertising for revenues, as well as expected slowing of overall revenue growth to 34% next year, have since pummeled the company's stock by 36%, to $53 a share.
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