HardOCP News
[H] News
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- Dec 31, 1969
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I have a feeling we are going to see a lot more of this in the coming weeks as Yahoo scrambles to get its ship together. The good news is that the companys stock is up about 10% after Yang announced he was stepping down as CEO.
DivX Inc., a video technology company, late Monday said it cut its earnings and revenue projections because Yahoo Inc. would not honor a two-year advertising deal, and it sued the Internet search company. DivX shares dropped 61 cents, or 11 percent, to $4.92 in after-hours trading. The stock closed the regular session down a penny at $5.53.