Yahoo! has puchased some fabulous Web 2.0 companies lately (Flickr, Del.icio.us, OddPost). Unfortunatly, earnings were a penny short of estimates and the great buys just weren’t enough to please Wall St.  From the Internet Stock Blog:
More important, Yahoo’s guidance for Q2 was below the Street’s current consensus: Yahoo guided to net revenue of $1.04-1.1 [...]