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To: LLCF who wrote (39462)11/20/2000 6:46:45 PM
From: patron_anejo_por_favor  Respond to of 436258
 
Yahoo Uber Alles?

dailynews.yahoo.com



Monday November 20 4:58 PM ET
Yahoo Shares Fall on French Court Ruling

NEW YORK (Reuters) - Shares of U.S. Internet giant Yahoo Inc. fell on
Monday after a French court ordered the company to bar French users from
sites selling Nazi memorabilia.


Yahoo shares closed off $2-3/8, or 4.63 percent, at $48-7/8 on the Nasdaq
stock market, within shouting distance of their 52-week low of $45-1/16.
The stock's 52-week high is $250-1/16. At one point on Monday the
company's shares had fallen six percent.

``It casts a bit of a pall and sets an unsettling precedent,'' said John Corcoran,
analyst at CIBC World Markets of Monday's ruling.

Under the court decision, Yahoo must prevent French users from visiting
English-language auction sites where Nazi books, weapons, SS badges and
uniforms are offered for sale.


The ruling could have major implications for Internet retailers such as
Amazon.com (news - web sites) and other online auctioneers. including
eBay.

Analysts said the decision would be very difficult to enforce because there is
no fail-safe way to block access for all users. People who were bent on
getting through to certain Web auctions could find different servers and ways
of getting there, making it hard for Yahoo to stop French surfers going to its
auction sites, they said.

``It would be extremely difficult to figure that out. That's not Yahoo's
business. (Its business) is to serve up hundreds and hundreds of Web pages
and millions and millions of e-mails,'' Corcoran said.

Yahoo has three months to implement the ruling or face fines. Although its
French portal does not host auctions of Nazi memorabilia, French Web users
can easily click over to Yahoo.com's English-language services, where such
auctions are available.

Yahoo had fought the case on the grounds that its Yahoo.com services are
U.S.-governed and that auctions of Nazi material cannot be barred because
of the right to free speech guaranteed by the U.S. Constitution.