Yahoo! boasts increased profits

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Yahoo! released its fourth-quarter earnings Jan. 12, with a profit before charges increasing to $25 million from a profit before a charge of $1.91 million in the year-earlier period. Revenue, compared with the year prior, nearly tripled to $76.4 million from $26.6 million. President-Chief Executive Tim Koogle was named chairman-CEO and Chief Operating Officer Jeff Mallett adds president to his title. Yahoo! also announced a 2-for-1 stock split.

Copyright January 1999, Crain Communications Inc.

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