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January 11, 2007
Yahoo Shakes Hands With Akimbo And Bam It's Up 4.1% Today
YHOO is trading at $28.70 up +4.1% . Either investors are over the moon that Yahoo signed a deal with Akimbo Systems to run video programming or they are just realizing that Yahoo has hit bottom and can't suck and worse than it has.
Elsewhere on the Internet, InterActiveCorp. (IACI) closed at $38.32, up 2.2% ). Its strong man Barry Diller, said portfolio company Ask.com will introduce two new content features in the next 60 to 90 days (big whoop). He also said IAC intends to renegotiate an advertising deal it has with Google soon, and that three other Internet advertising providers could also be interested in swooping in.
Big suprise : EBAY was down again, to $29.30 or -1.5% ). Good news to consumers, eBay increased to $2K from $1K its refund for fraudulent purchases, but The Street didn't like it.
Posted by Paul at January 11, 2007 02:59 AM
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