AOL and Yahoo flip
Poster: Aron Schatz
Posted on January 21, 2003 at 3:54:57 PM
Well, looks as though AOL and Yahoo have switched places. Yahoo is now very profitable while AOL is being hammered. The internet sector is very weird to be in.
Quote
Still, the series of bets made under the leadership of Yahoo CEO Terry Semel, who replaced Tim Koogle in May 2001, have done much to please investors and to quiet naysayers. Yahoo reported Wednesday its third-consecutive quarter of profitability, booking $46.2 million in net profit and a 51 percent jump in revenue to $285.8 million.