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03/08/2001 Archived Entry: "Yahoo! issues warnings."

Yahoo! Updates First Quarter 2001 Financial Guidance

Yahoo! Updates First Quarter 2001 Financial Guidance

Company Begins Search for New Chief Executive Officer;
Koogle to Remain Chairman of the Board;
Company Announces Stock Repurchase Program

SANTA CLARA, Calif. - March 7, 2001 - Yahoo! Inc. (Nasdaq: YHOO) today updated previously reported financial guidance for its first quarter financial results. Yahoo! also announced that its Board of Directors and senior management have initiated a search for a new chief executive officer and have authorized a stock repurchase program.

But, they are still a viable company.