Tuesday, September 19, 2006

YAHOO STOCK FALLS

Yahoo executives announced at a conference today that advertising sales have slowed, particularly in the automotive and financial services industries, causing the company to lower third quarter revenue estimates to the lower end of analysts expectations. This announcement caused Yahoo's stock to drop as much as 13% this afternoon and has negatively impacted Google, eBay, and others.

Reuters
TheStreet.com
WSJ.com

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