Yahoo! Rides New High

The stock soars as the Web giant unwraps huge mobile amibitions.
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Shares of

Yahoo!

(YHOO)

jumped to a 52-week high after the company announced deals to expand its presence onto mobile telephones.

Yahoo! Go Mobile will allow users to conduct searches and access their email and photos as well as look at popular features such as news over cell phones, the company said at the Consumer Electronics Show in Las Vegas. The service is being offered in the U.S. with Cingular, the No. 1 wireless provider and a joint venture of

AT&T

(T) - Get Report

and

BellSouth

(BLS)

. Yahoo!'s international partner is

Nokia

(NOK) - Get Report

.

Yahoo!, AT&T and Cingular will launch the service over the next few months in three markets. Customers will also be able to buy the service preinstalled on some Nokia phones.

Sunnyvale, Calif.-based Yahoo! also signed an agreement with

Motorola

(MOT)

to have its features preinstalled on Motorola phones. This option will be available sometime during the first quarter. Motorola also will have a

Google

(GOOG) - Get Report

icon installed on some of its headsets.

Separately, Goldman Sachs analyst Anthony Noto raised his price targets and earnings estimate on Yahoo!. He rates the shares outperform.

Yahoo! shares gained $1.85 to $43.38.