Yahoo! reports more revenue but falling profits

07/23/2008 | NYTimes.com

Yahoo!'s profits fell by almost 19% amidst a modest revenue gain in the second quarter, as the company blamed the slumping economy -- even though Google last week reported a 39% gain in revenue, according to The New York Times. Of bigger concern to analysts was how the company's sluggish report would adversely affect its negotiation leverage with Microsoft.

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