Storage service to be shut down by Yahoo!

[dhilipkumar]

Yahoo! Inc. will close an online storage service called Briefcase as the company sheds some operations.

Yahoo! customers were already shifting to other services, such as its e-mail program or the Flickr photo site, to store files online, the company said.Carol Bartz, who joined the company this month, is trying to revive growth amid a slump in online advertising, Yahoo!'s main source of revenue.

She took over from Jerry Yang, who stepped down after Yahoo!'s rejection of a $47.5-billion takeover offer from Microsoft Corp. rankled investors.

Spokeswoman Kim Rubey said in an e-mailed statement, "Usage has been significantly declining over the years as users outgrew the need for Yahoo! Briefcase and turned to offerings with much more storage and enhanced sharing capabilities."