Yahoo!

(YHOO)

said today it signed agreements to provide a number of companies with corporate intranet portals.

Shares of the Internet media giant lately soared $2.88, or 10.6%, to $30, on the

Nasdaq

, despite this morning's

ratings cut by

ABN Amro

.

Yahoo! said the service agreements include pacts with fast-food and restaurant chain owner

McDonald's

(MCD) - Get Report

, managed health care firm

Health Net

(HNT)

and media company

Reuters

(RTRSY)

.

Separately, Yahoo! unveiled its PortalBuilder 2.0 software, which enables wireless access.

Earlier today, ABN Amro cut its rating on Yahoo! to hold from add and lowered its 2001 earnings and revenue estimates citing, "greatly diminished prospects" for growth. Yahoo! will report earnings tomorrow after the market closes.