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Yahoo!'s Panama Pain

Stock quotes in this article: YHOO , GOOG  

Yahoo! (YHOO Quote) CEO Terry Semel signaled that he intends to stay the course even as his handling of a big technical setback drew slings and arrows from Wall Street.

In an interview with TheStreet.com after Tuesday evening's earnings debacle, Semel says he's not concerned that a much-anticipated search engine upgrade will face further delays. The comments came ahead of Wednesday's open, which saw Yahoo! shares plunge 18% to a two-year low.

The selloff was spurred in part by the latest round of soft numbers out of Sunnyvale, Calif., and in part by the company's handling of the news of its technical problems. ...

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