Wednesday, August 17, 2005

Yahoo! Shoots Down VoIP Speculation

Jim Wagner writes over on internetnews.com:

Officials at Internet portal giant Yahoo are denying a report that it will launch a VoIP service in the next two weeks.

In a research report issued this week, Safa Rashtchy, an analyst with Piper Jaffray, said the Sunnyvale, Calif.-based company was likely to launch a service similar to the popular Skype application.

The analyst noted that such a service would "expand Yahoo's content footprint and further establish Yahoo's brand as a comprehensive provider of content, search and communication services," and likely run as both an advertising-based basic service and paid premium service.

That's not the case, Yahoo officials said.

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