SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Webhire (HIRE) - Enters the Softbank Web
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Gutterball who wrote (24)7/28/1999 12:44:00 PM
From: Gutterball  Read Replies (1) of 41
 
Yahoo! offers resume service, takes Webhire stake

SANTA CLARA, Calif., July 28 (Reuters) - Internet portal Yahoo! Inc. (Nasdaq:YHOO) launched a Web resume service and took a $1.5 million stake in a company that makes online job search software, the companies said Tuesday.

Yahoo! said in a statement that the service, Yahoo! Resumes, would let users put out up to three online versions of their resumes.

The new resume service uses software designed by Webhire Inc. (Nasdaq:HIRE) and is available through the Yahoo! Careers unit. It carries more than 500,000 job postings and is one of the largest employment databases on the Internet.

Webhire, based in Lexington, Mass., said Yahoo! would make a $1.5 million investment in it for a minority equity stake.

Webhire said Yahoo! was taking part in a $20 million cash investment by Japan's Softbank Corp. . Softbank announced its own investment July 20.

Webhire and Yahoo! will work together to develop recruiting software. Webhire also has agreed to run an advertising campaign on Yahoo!, Webhire said in a statement.

Yahoo! shares were up 3-7/16 at 134-3/4 in early trade. Webhire was up 2-3/4 at 16-7/8.

Both companies' shares were among volume leaders on the Nasdaq exchange.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News