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Old school SEO had Yahoo as an integral part of its success - you optimized for Yahoo, got a LOT of traffic for a couple of words, made a ton of money based solely on your Yahoo listings.
Now this, as well as almost everything else reminiscent to old school SEO, is gone.
As someone was saying at Pubcon, maybe we should now call ourselves account managers, not SEO's.
I'm not quite ready to belive that, but this whole thing with Yahoo is just leaving Google and I'm scared that it might really be the beginning of the end. Heck I don't own this business so I'm not too worried, I could easily find another job. But I would be very sad to see this happen.
Like Dr.Cool said in another thread, you can build up the same traffic in Yahoo by optimizing for a variety of keywords in Google.
I don't like to wait until things settle down, I tend to react quickly, even if more changes follow, in order to be ahead of the game if the results remain constant.
The Directory listings were pretty useless anyways.
I have a site (highly niche'd) that was listed # 1 for its primary kw in Yahoo Dir. and got 879 hits fromo Yahoo from 10/1/02 to 10/8/02. After the change (10/9/02), it got 109 from 10/9/02 to 10/16/02 and it's still listed # 1 in the directory. The traffic from the Directory is just not as important as it used to be.