Interesting Yahoo news

[John Walton]

Hey yall,

Something's going on with Yahoo the company -- perhaps we could all keep
eyes peeled for it? The news will be coming out tonight at 10 UK time/5
Eastern US time. ::starts peeling eyes::

--John

http://news.bbc.co.uk/hi/english/business/newsid_1207000/1207561.stm

Shares in Yahoo, the internet giant, have been suspended and the market is
bracing itself for a major announcement from the firm.

The announcement is expected at 2200 GMT.

Ahead of the suspension on Wednesday, Yahoo's share price fell 6.3% to just
less than $21. 

A year ago, one Yahoo share was worth $205.

Yahoo cancelled its appearance at the big brokerage house Merrill Lynch's
internet conference on Thursday.

Merrill analyst Henry Blodget, who used to be very optimistic about internet
investments, was critical about the cancellation.

In a report, he suggested that the company may be about to offer an early
insight into its earnings.

Alternatively, Yahoo may be about to announce a restructuring, an intention
to buy another company or a decision to enter into a strategic investment,
Mr Blodget predicted.

Vivendi talk 

And if none of these announcements is made, perhaps Yahoo will announce a
major management change, Mr Blodget wrote in the report.

One dealer who had read an Italian newspaper report that French media giant
VivendiUniversal was searching for an internet partner seemed convinced that
Yahoo was about to be taken over or that the two firms would agree a
strategic alliance.

In short, it seems nobody quite knows what to expect, but everyone is on the
edge of their seats awaiting an announcement.

The managing director of Yahoo Europe, Fabiola Arredondo, and the head of
its Asian operations, Savio Chow, both resigned recently.

The departures were seen as a double blow for Yahoo which is facing a
slowdown in the online advertising market, the source of most of its
revenues.