Yahoo! Inc. (Nasdaq: YHOO) announced Monday it is beefing up its corporate portal business with separate enterprise services agreements with Honeywell (NYSE: HON), Applied Materials, Inc. (Nasdaq: AMAT), Intellinex, an eLearning Venture of Ernst & Young LLP, and TCW Group.
Today's deals may help allay fears that the dot-com crash will affect Yahoo!'s advertising revenue. Shares in the Internet portal closed down 3.44 to 81.25 Friday, and have fallen from a 52-week high of 250.06. In order to reassure investors, the company will also have to fare well in its earnings report, due out Tuesday.
Yahoo is expected to report earnings of 12 cents a share on sales of $280 million to $290 million.
Yahoo will license Corporate Yahoo! to the new customers for an undisclosed sum. Corporate Yahoo! is a customized enterprise information portal, which enables companies to integrate proprietary corporate content and applications with Yahoo!'s personalized content behind existing firewalls.
Corporate Yahoo! uses TIBCO ActivePortal technology from TIBCO Software Inc. (Nasdaq: TIBX).
