The Yahoo stock has taken a huge drop and has taken the rest of the stock market with it. The first quarter sales are set to be 40% off last year's estimates. The stock is down 92 % from its peak, which was set on Dec 30, 1999. The Yahoo stock has been in a steady downfall since its peak.
There were also other drops in technology stocks. Cisco and Intel predicted big revenue drops and job cuts. This set gave the NASDAQ a 5.3% fall. The index is off 59% from its peak, which was reached last year.
Since Yahoo's birth in 1995, the company has not had to deal with anything close to the dilemma it is facing now. They know have to deal with problem without their CEO Tim Koogle, who recently stepped asid
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