Yahoo! Inc. (Nasdaq: YHOO) announced Monday the introduction of Corporate Yahoo, and a host of partners who will provide technology for the customized enterprise portal. Inktomi, which has partnered with Corporate Yahoo for search services, crumbled on news its technology would be phased out on Yahoo's other services.
Yahoo shares were down 6 to 119 5/16 Monday morning. The stock has been flat over the past months despite a positive first quarter report.
Yahoo said its latest initiatives respond to strong demand from companies that want to leverage Yahoo. Here's a look at the partners:
Yahoo also said Network Appliance (Nasdaq: NTAP) is its storage provider. Shares were up 3 3/16 to 80 1/8
Yahoo is announcing that Alcatel (NYSE: ALA) Inktomi, Network Appliance and State of North Carolina in conjunction with Andersen Consulting are among the first customers to sign up for Corporate Yahoo.
In other Yahoo news, the company said Taiwan's four leading mobile phone firms would carry its Chinese-language WAP portal and it also announced a strategic alliance with the online edition of a major local newspaper.
Former state phone monopoly Chunghwa Telecom, Taiwan Cellular, FarEasTone and KG Telecom will carry a wireless application protocol (WAP) version of the portal, which includes e-mail, stock quotes, weather forecasts and news.
Yahoo will take a five percent stake in the online business of Taiwan's China Times media group as part of a strategic alliance on website content.
China Times and Yahoo officials declined to comment on the monetary value of the deal, which will secure 700 daily ChinaTimes.com news stories for Yahoo's Taiwan portal.