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Yahoo said net income for the first three months of the year fell to $160m (£90m), from $204.6m the previous year.The firm said new methods for deducting the expenses for its employee stock options had cost it $65m more this year than at the same time in 2005.
Yahoo said that without the changes it would have reported an 18% rise in first quarter earnings.
[news.bbc.co.uk...]
I feel that things can only get worse for them this year...