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January 23, 2007

Yahoo Revenue Growth Slows to a Crawl

Tortoise I haven't looked at the numbers in detail yet (or listened to the conference call), but the big picture is clear:

Yahoo has a commanding global position in the fastest-growing media market in the world...and its top-line growth has decelerated to 15% year-over-year.  More distressingly, U.S. growth slowed to 8%.

The Panama announcement arrived just in the nick of time.

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And actually, if you take FX rates over the last year into account, it becomes ever more worrisome.

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