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images/news/yahoo.jpgDespite analyst predictions that a Microsoft buyout is inevitable, Yahoo today aimed to drive up shareholder opposition by unveiling a three-year financial plan of independence. This while Yahoo continues to find new revenue sources.
This week, Yahoo has been busy demonstrating it has the most valuable destination on the Web, in an effort to prove the company can -- and should -- stand on its own. This morning, Yahoo followed up that proof with a three-year financial plan for nearly doubling its operating cash flow and generating $8.8 billion in revenue in 2010.
Although Yahoo waited until now to publicly unveil its three-year plan, it was first presented to Yahoo's board of directors in December 2007, more than two months prior to Microsoft's announcement of its acquisition bid on February 1.
On February 13, Yahoo mailed a letter a letter to shareholders aimed at directly fending off a takeover by Microsoft.
"Our goal is to grow visits to key Yahoo starting points and properties, where users enter the Internet, by 15% per year over the next several years. We are the most visited site in the US, and we continue to grow -- we experienced double-digit growth in US users in 2007 on our Yahoo.com home page," Yahoo CEO Jerry Yang wrote in the letter.
Go Yahoo!
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This week, Yahoo has been busy demonstrating it has the most valuable destination on the Web, in an effort to prove the company can -- and should -- stand on its own. This morning, Yahoo followed up that proof with a three-year financial plan for nearly doubling its operating cash flow and generating $8.8 billion in revenue in 2010.
Although Yahoo waited until now to publicly unveil its three-year plan, it was first presented to Yahoo's board of directors in December 2007, more than two months prior to Microsoft's announcement of its acquisition bid on February 1.
On February 13, Yahoo mailed a letter a letter to shareholders aimed at directly fending off a takeover by Microsoft.
"Our goal is to grow visits to key Yahoo starting points and properties, where users enter the Internet, by 15% per year over the next several years. We are the most visited site in the US, and we continue to grow -- we experienced double-digit growth in US users in 2007 on our Yahoo.com home page," Yahoo CEO Jerry Yang wrote in the letter.
Go Yahoo!
Read More
