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---- Yahoo Reports Slowing Ad Sales


engine - 10:38 pm on Sep 20, 2006 (gmt 0)


Yahoo Inc. warned Tuesday that slowing ad growth will depress its third-quarter results, marking the Internet company's latest letdown.

Investors took out their frustration on the company's stock price, which plunged by more than 11 percent to deepen a yearlong slump.

Two of Yahoo's top executives, Chairman Terry Semel and Chief Financial Officer Susan Decker, delivered the bad news during a joint appearance at a New York investment conference that was streamed over the Internet.

Yahoo reports slowing ad sales [seattlepi.nwsource.com]

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