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YHOO just fell off a cliff, taking alot of stocks with it...

Yahoo says sales hit by recent ad malaise; shares tumble

PrintDisable live quotesRSSDigg itDel.icio.usBy Ben Charny
Last Update: 11:59 AM ET Sep 19, 2006


SAN FRANCISCO (MarketWatch) -- Shares of Yahoo Inc. (YHOO : Yahoo! Inc.
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Last: 26.39-2.61-9.00%

11:48am 09/19/2006

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YHOO26.39, -2.61, -9.0%) fell nearly 13% in midday trading Tuesday after executives disclosed that a slowdown in revenues from its auto and financial features over the last three to four weeks will negatively impact Yahoo's upcoming third-quarter financials. Chief Financial Officer Sue Decker told an investment conference that, because of the ad slowdown, Yahoo expects third quarter sales to "come in the bottom half" of the $1.1 billion and $1.2 billion Yahoo projected in July. Shares of Yahoo were trading lower by 13% to $25.30 on Tuesday.