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Wednesday, 7 March, 2001, 15:54 GMT
Yahoo shares suspended
New York stock traders.
Traders are eagerly awaiting an announcement.
Shares in Yahoo, the internet giant, have been suspended and the market is bracing itself for a major announcement from the firm.

The announcement is expected at 2200 GMT.

Yahoo speculation
Profit warning
Strategic Alliance
Merger
Major acquisition
Senior management shake-up
Restructuring
Ahead of the suspension on Wednesday, Yahoo's share price fell 6.3% to just less than $21.

A year ago, one Yahoo share was worth $205.

Yahoo cancelled its appearance at the big brokerage house Merrill Lynch's internet conference on Thursday.

Merrill analyst Henry Blodget, who used to be very optimistic about internet investments, was critical about the cancellation.

In a report, he suggested that the company may be about to offer an early insight into its earnings.

Alternatively, Yahoo may be about to announce a restructuring, an intention to buy another company or a decision to enter into a strategic investment, Mr Blodget predicted.

Vivendi talk

And if none of these announcements is made, perhaps Yahoo will announce a major management change, Mr Blodget wrote in the report.

One dealer who had read an Italian newspaper report that French media giant VivendiUniversal was searching for an internet partner seemed convinced that Yahoo was about to be taken over or that the two firms would agree a strategic alliance.

In short, it seems nobody quite knows what to expect, but everyone is on the edge of their seats awaiting an announcement.

The managing director of Yahoo Europe, Fabiola Arredondo, and the head of its Asian operations, Savio Chow, both resigned recently.

The departures were seen as a double blow for Yahoo which is facing a slowdown in the online advertising market, the source of most of its revenues.

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16 Feb 01 | Business
Yahoo bosses quit
13 Feb 01 | Business
Yahoo links with New York Times
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