stock_trdr,
what are your basing your "panama doesn't work" claim on?
i think you have some bad info. i've done some channel checks with search marketing companies..and they love panama.
search is being monetized much better via panama, and watch search market share grow big this year, with the help of the newspaper consortium deal. this alone adds siginicant revenue. plus yhoo remains the leader in display ads.
yhoo to close a gap at 43 area left in early 06...i predict gap will close by June/July at the latest, probably much sooner. yhoo will end the year at 56-65