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Wednesday, July 19, 2006

Yahoo misses the mark

MercuryNews.com | 07/19/2006: "Yahoo found no forgiveness in the stock market Tuesday, as the world's largest Internet portal reported quarterly sales had increased less than Wall Street expected and warned that long-awaited improvements to its advertising system would be delayed.
Yahoo's shares sank more than 13 percent in after-hours trading after the Sunnyvale company's report that sales rose 26 percent for the quarter ended June 30. Analysts surveyed by Thomson Financial had been expecting sales growth of 30 percent, though the company's $164 million in net income met expectations."
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