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Strategies & Market Trends : Contrarian Investing -- Ignore unavailable to you. Want to Upgrade?


To: pcyhuang who wrote (524)10/17/2006 8:34:03 PM
From: pcyhuang  Respond to of 4080
 
Yhoo -- Up in after-hours trading



Full story: online.wsj.com

Yahoo's shares rose after hours by 2.4% to $24.74 after Mr. Semel said that the company on Tuesday began inviting advertisers to use a new interface for its online ad system. The improvements are part of a much-awaited upgrade to Yahoo's online ad system, codenamed "Panama." Mr. Semel said the rollout of related changes to its search-ad ranking system remained scheduled for the first quarter of 2007. Yahoo in July had delayed the release of Panama, which many investors view as key to Yahoo's ability to improve its financial performance.

Mr. Semel defended Yahoo's track record in three core areas he said it was focused on: social media such as social networking, video and mobile access to Internet services.

Yahoo also said its board authorized the repurchase of up to $3 billion of Yahoo common shares over the next five years. The company separately Tuesday announced an agreement to acquire AdInterax, a provider of rich media advertising services, and also said it was buying a 20% stake in Right Media Inc., an open media exchange. The terms of the deals weren't disclosed.

pcyhuang