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Yahoo! Chat Falls Flat

Stock quotes in this article: GOOG , YHOO , MSFT  

Yahoo!(YHOO Quote) failed to wow Wall Street with its latest pledge to play catch-up with search leader Google (GOOG Quote).

Some observers had expected Yahoo!'s annual analyst-day meeting to be a catalyst for the stock. But Yahoo! shares continued their steep 2006 slide instead. Shares of the top Web site fell 86 cents to $30.11, putting Yahoo! stock down 23% for the year.

Perhaps investors were responding to the cautious tone taken by the company's top management, or maybe they were disappointed when Yahoo! merely maintained 2006 guidance and failed to offer long-term financial forecasts. ...

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