Yahoo! Inc said in a filing with the Securities and Exchange Commission that it would be posting a loss for its second quarter due to a charge related to the acquisition of internet commerce software house Viaweb Inc (CI No 3,427). The charge is expected to be about $45m for acquired in-process technology and merger- related expenses. As a result of the charge, Yahoo! said it will post a net loss for the quarter and for the fiscal year ending December 31. The consensus estimate of analysts surveyed by First Call was for earnings of $0.09 per share for the second quarter and $0.45 for the full year. Yahoo! acquired Viaweb earlier this month for $49m in shares. The company develops software and reporting tools for the building and operation of internet commerce web sites. Yahoo! is using the purchase to provide small and medium-sized businesses with the ability to create and host online storefronts. The remaining $4m of the purchase price will be allocated to acquired technology and other intangible assets and will be amortized over a three-year period.
