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.
Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?


To: Bill Harmond who wrote (6663)4/28/2001 1:39:22 AM
From: Mark Fowler  Respond to of 57684
 
Bill i plan to go over there this weekend. thanks.



To: Bill Harmond who wrote (6663)4/28/2001 1:55:20 AM
From: Mark Fowler  Respond to of 57684
 
Of DOW JONES NEWSWIRES

NEW YORK -(Dow Jones)- Yahoo! Inc. (YHOO) Chief Financial Officer Susan Decker reiterated the company's reduced
financial targets for the second quarter and 2001.

Decker, speaking Friday at Yahoo's annual shareholder meeting near its Santa Clara, Calif., headquarters, said the company
expects to break even, excluding special items, in the second quarter ending June 30, with revenue in the range of $165
million to $185 million. Earnings before interest, taxes, depreciation and amortization, or Ebitda, should be in the range of
negative $10 million to breakeven.

For 2001, Yahoo expects to earn 2 cents to 6 cents a share on revenue of $700 million to $775 million, with Ebitda of
breakeven to $50 million, Decker said. Yahoo gave the same guidance when it reported first-quarter results April 11.

The targets are substantially below those issued in January, when Yahoo said it expected 2001 earnings of 33 cents to 43
cents a share, excluding items, on revenue of $1.2 billion to $1.3 billion. Last year, Yahoo earned 48 cents a share,
excluding items, on revenue of $1.1 billion.

The reduced guidance reflects weakened economic conditions and a downturn in the online advertising market. Yahoo gets
most of its revenue from selling ads on its Web sites.

Decker said the company's ability to accurately predict full-year results remains limited.