Yahoo Issues Profit, Revenue Warning, Announces CEO Will Step Down. (12-MAR-01) Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

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Yahoo Issues Profit, Revenue Warning, Announces CEO Will Step Down.

Publication: Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

Publication Date: 12-MAR-01

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Byline: Judith Schoolman

Mar. 8--Yahoo, one of the Internet's bedrock companies, warned yesterday that profits and revenues would fall short of expectations and said CEO Tim Koogle is stepping down, capping a day of wild stock market speculation.

The company threw Wall Street into a tizzy yesterday as word spread that its chief financial officer backed out of an appearance at a Merrill Lynch Internet conference and co-founder Jerry Yang skipped a Wall Street meeting in Utah.

This triggered wild speculation that the No. 1 Internet portal could announce it was being bought out,...

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