So Sad, Markets Down, Blame Yahoo!

Tags: Yahoo! Inc., Google Inc., YHOO, GOOG
18 Apr 8:59pm
I would hardly go Yahoo! for Yahoo! as they saw their first-quarter profits slip by 11 percent as they fail to outpace Google and Microsoft's MSN. 

Profits only met $142 million, down from the $160 million last year's first quarter. Revenues on the other hand totaled $1.18 billion, up 9% from last year but still less than the $1.21 billion that was expected. I love it when they still try to cover up their butts, but the market really just brushes it off.  Yahoo's CEO Terry Semel said a "solid financial performance" had been delivered in the first three months of 2007.  They should just put that Chinese co-founder back on, at least with him, we know he co-founded and brought it to this level.

Google on the other hand, which controls almost 50 percent of the US search engine market releases their first quarter tomorrow.  Is everyone getting nervous yet?

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