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After my oh-so-brief sojurn in AOL land, I must admit they've got a GREAT thing going for computer novices, and computer 'regulars' who just aren't interested in becoming techie geeks. They hand you everything on a brightly colored, friendly, talking platter.
Yahoo, on the other hand, has to compete against every other portal/directory/free email site/news outlet on the web for it's users' eyeballs, and folks like me may use Yahoo on a fairly regular basis for various things, but we aren't giving them money, and we aren't clicking on their banners.