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To: Hawaii60 who wrote (22157)10/10/2000 5:41:15 PM
From: SteveJerseyShore  Respond to of 30916
 
Just hit the wires!
By Carl Corry, CBS.MarketWatch.com
Last Update: 5:37 PM ET Oct 10, 2000 NewsWatch
Latest headlines

SANTA CLARA, Calif. (CBS.MW) -- Yahoo entered the Web voice fray Tuesday with the launch of a free telephone service allowing users to call and have their e-mail, news and other information read to them.

Using Net2Phone's (NTOP: news, msgs) voice-optimized Internet protocol network, users of Yahoo by Phone will initially be required to enter numbers on a touch tone telephone to select the information they want to hear. A computer-generated electronic voice will read the mail or other information.

The service also offers free voicemail, and free PC-to-phone calling through Yahoo's(YHOO: news, msgs) instant messaging system.

Yahoo is going up against companies like AOL (AOL: news, msgs) and several smaller companies in the market for voice-activated features.

AOL recently bought voice portal Quack and owns an interest in speech recognition technology developer SpeechWorks.



"Yahoo needed to be in this space as well," said John Corcoran, an Internet and digital new media analyst at CIBC World Market in New York.

"It's a logical step ... so they are not left out" of any area of technology being developed for the Internet, he said.

Corcoran said it is too early to determine what income will be generated from the new service, but that voice-over technology will be huge in the next several years as it becomes a more widely accepted way of communicating.

Shares of Yahoo closed off $3.06 to $82.69 Tuesday.

Yahoo also announced its third-quarter results Tuesday, topping the consensus earnings estimate by 1 cent with a profit of 13 cents. See full story.