Trading in Yahoo Stock Halted on Nasdaq

Share this article:
Trading in Yahoo stock was halted on the Nasdaq exchange shortly after the market opened this morning, pending news from the company.


Yahoo's shares were halted at $21 shortly after 10 a.m. EST.


Yahoo said it would make an announcement at 5 p.m. EST and hold a conference call 15 minutes later to discuss the news.


Yahoo at the last minute yesterday dropped out of Merrill Lynch's Internet conference scheduled for today in New York, leading to speculation that a major announcement was imminent.


Merrill Lynch said the company had never dropped out of its conference at the last minute before. Analysts have been speculating that the company would announce a major acquisition, an earnings warning or a management change.


"Yahoo's never been a business-as-usual company, so maybe their reason for canceling the conference won't be business as usual either," said Merrill Lynch Internet analyst Henry Blodget in a research note.


No one at Yahoo was available to comment.
Share this article:
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

Native Ads Unmasked!

Native Ads Unmasked!

A Google product engineer introduces a browser plug-in that outs native advertising.

Good Descriptions Rate More Than Good Reviews

Good Descriptions Rate More Than Good Reviews

Price still rules as an online purchase influencer, says a new survey, but basic brand assets should not be ignored in online product presentations.

For CMOs, A Tale of Two Situations

For CMOs, A Tale of Two Situations

A survey of 525 chief marketers finds them voyaging between digital discovery and digital deliverance, riding out turbulent trends to positions of newfound respect.