Yahoo stock drops despite strong profit

Article Abstract:

Yahoo! Inc's share prices experienced a decline despite reporting better- than-expected performance for the 4th qtr of 1999. The Santa Clara, CA- based Internet portal reported earnings of $57.5 million, equivalent to $0.19 per share, a large increase from $12.9 million in 1998 and the $0.15 per share expected by analysts. Yahoo!'s stock market performance is seen as a result of the threat poised on its future by the merger of America Online and Time Warner.

Securities prices

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Hackers stage attack, shut down Yahoo site

Article Abstract:

Yahoo! Inc is investigating an 'attack' by an unknown group of hackers that resulted to an overload of the Internet service provider's network in Feb 7, 2000. The overload, which caused the Yahoo site to shut down for more than three hours, was done by directing too much traffic to a router that helps run the site. Yahoo officials claim that the attack was purposely done because the traffic came simultaneously from different places and was directed at all parts of the network.

Public affairs

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News Corp., Yahoo rumors bring mixed market reactions

Article Abstract:

News Corporation Ltd is negotiating with Yahoo! Inc, the No 1 search engine in the US, for a possible global alliance. The proposed partnership would allow Yahoo to take a minority stake in the global satellite television businesses controlled by News Corp CEO Rupert Murdoch. In exchange, Yahoo can access New Corp's satellites for distribution as well as news and entertainment content from Murdoch's movie, television and newspaper properties.

Cable Networks, Strategic alliances, Cable Television Systems, The News Corporation Ltd.

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