Economy hampering Yahoo!'s global goals; Prince of portals faces exec exodus, slowing growth and slumping stock.

Advertising Age,  March, 2001  by Madden, Normandy

Tags: portal, stock, Yahoo! Inc.

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The world's most popular portal, Yahoo!, has for years enjoyed a smooth ride as the darling of both analysts and the media.

But the U.S. Internet company has hit several bumps recently that threaten to derail its global expansion strategy, including a general slump in U.S. high-tech stock prices and the loss of key executives in Europe, Asia and North America as well as the possibility of a hostile takeover.

Last week, the company downgraded its financial outlook for first quarter 2001 and announced that Tim Koogle, will step down as CEO, retaining the position of chairman.

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