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Internet search engine Yahoo has seen revenues in the quarter to 30 June fall 13%, citing the challenging economic environment.
Revenues for the three-month period dropped to $1.57bn (£953m) from $1.79bn in the same period a year earlier.
Meanwhile profit for the quarter edged up to $141m from $131.
he great thaw between Microsoft and Yahoo is underway and may signal that the two sides are nudging closer together on a search deal after all.
CEO Carol Bartz
I actually think Bing is a good product. I think they’ve done a good job, but unfortunately they are only a month into it. I think Microsoft should be given kudos for Bing.
Also, depending on whose numbers you look at, they are either the number two or number three most visited website on the internet overall.
But yeah they're a doomed company :-)
All that doubt a while back was reactionary hype. The only real question was whether Yahoo itself would buy the hype and self destruct.