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
, despite this morning's
ratings cut by
Yahoo! said the service agreements include pacts with fast-food and restaurant chain owner
, managed health care firm
and media company
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.