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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?


To: Dave Gore who wrote (5263)2/25/2001 11:19:25 PM
From: 2MAR$  Respond to of 6445
 
Evening Dave, here's something ....Listings fall at Yahoo! auction - FT

LONDON, Feb 26 (Reuters) - U.S. internet media company
Yahoo! Inc <YHOO.O> has said it has experienced a large fall in
listings on its auction service since it began charging users in
January, the Financial Times reported on Monday.
The decline comes as Yahoo faces pressure to diversify
sources of revenue. Currently, advertising accounts for 90
percent of the portal's income.
Merill Lynch calculates that Yahoo had three to four million
active auctions a day worldwide, with two million in the U.S.
The U.S. listings have fallen to 200,000, and will generate only
a third of expected revenue.
"Obviously, moving to a paid model we fully expected some of
the listings would fall off the site," said Brian Fitzgerald,
senior product manager with Yahoo auctions.
((Clara Ferreira-Marques, London Newsroom, tel +44 20 7542
6884, clara.ferreira-marques@reuters.com))
REUTERS