Problems With Yahoo!

Yahoo! isn't giving investors much to get excited over. On January 29th, the Internet portal said that fourth-quarter sales rose 14%, to $1.4 billion (excluding commissions to marketing partners), but profits sagged 23%, to $206 million.

What troubled the Street was a 2008 forecast for slowing sales and further falling profits despite savings expected from eliminating 1,000 jobs.

The stock fell 8.5% on January 30th.

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