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: Corporate Yahoo has a deal with TIBCO Software Inc. (Nasdaq: TIBX), up 1 1/2 to 91, to use TIBCO ActivePortal technology. The companies co-developed the Yahoo Portal Builder software to enable the integration of customized Internet content delivered by Yahoo and corporate content from a company's existing intranets, databases and enterprise applications. The TIBCO ActivePortal and TIBCO ActiveEnterprise product suites enable customers to connect, integrate and automate their back-office and front-office applications into their portals. Inktomi Corp. (Nasdaq: INKT) shares plummeted 24 15/16 to 115 7/16 on news that though it will provide search and navigation technology for the new corporate portal, the use of its search engine for general queries on Yahoo is being phased out. Both companies said they plan to work together on developing solutions for the enterprise marketplace in the future. Hewlett-Packard (NYSE: HWP), up 1 7/8 to 119, will act as a reseller. HP will also provide sales, marketing, system integration and customer support. WebEx will provide web-conferencing and real-time meeting and video collaboration tools for interactive intranet conferencing. Citrix Systems' (Nasdaq: CTXS) NFuse technology will enable server-based applications to be launched from a standard Web page. Shares were up 1 3/16 to 19 7/8. Netegrity's (Nasdaq: NETE) SiteMinder secure management platform will enable single sign-on, authentication management and entitlement management. Shares were up 3/4 to 64 1/2. Critical Path (Nasdaq: CPTH), up 3 15/16 to 53 7/8 will support messaging, personal information management and collaboration
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.