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To: marginmike who wrote (11266)	4/5/2000 11:40:00 PM
From: Dealer	Respond to of 35685

Yahoo shares fall after earnings Salon warns of shortcoming; Sawtek to top Street's view By Brenon Daly, CBS MarketWatch Last Update: 5:59 PM ET Apr 5, 2000 NewsWatch NEW YORK (CBS.MW) -- Shares of Yahoo fell in after-hours trading Wednesday after the Web portal topped analysts' first-quarter expectations but failed to achieve the blow-out Wall Street had hoped for. Today on CBS MarketWatch Nasdaq ends higher; Dow falls Yahoo beats estimates, names new CFO Pepsi Bottling tops estimates Microsoft judge may ask for fast track ruling StockWatch: New economy is getting old fast More top stories... CBS MarketWatch Columns Updated: 04/05/2000 6:01:42 PM ET Yahoo (YHOO: news, msgs) said it earned a dime per share, a penny more than expected by analysts surveyed by First Call. Sales surged 119 percent to $228.4 million. In March, the site recorded an average of 625 million page views per day. See related story. Separately, the online media company said Susan Decker, head of research at Donaldson, Lufkin & Jenrette, will take over as chief financial officer. Decker is expected to take the post from Gary Valenzuela in June. Shares of Yahoo closed off 1 13/16 at 165 9/16, but fell to as low as 160 after hours amid disappointment that the earnings weren't even higher. Salon.com shares edged lower on Island after the company (SALN: news, msgs) warned it will lose more than analysts expected in the fourth quarter. Salon cited the departure of its sales manager as one reason for the shortfall. The online site said it sees the loss coming in at 35 to 42 cents a share. Analysts surveyed by First Call expected a loss of 33 cents. Salon said it expects revenue of $2.5 million to $2.9 million, compared with revenue of $3 million for the third quarter. Salon closed at 4 1/16, but dipped to 3 1/2 after hours. Sawtek stock edged higher in the evening session after the company said it will top Wall Street's earnings projections. The maker of electronic signal processing components (SAWS: news, msgs) sees second-quarter earnings hitting 29 cents per share, a nickel more than the consensus estimate. Sawteck stock closed off 1 13/16 at 46 1/2 but moved to 51 1/2 on Island. Shares of Gap shed some 10 percent on Instinet after the trendy clothing company (GPS: news, msgs) said sales at stores open more than one year slipped 11 percent. So far this year, same-store sales have fallen 6 percent. John Wilson, chief operating officer, has resigned from the Gap and the company will not fill the vacancy. Shares last traded on the NYSE at 49 1/2, but slipped to 44 on Instinet.