When I saw Sue and Jerry at the IAB last month, I wanted them to declare a plan – show us why Yahoo deserves to be independent, yell it to the rafters, get us excited again. After all, there’s an awful lot to crow about at Yahoo. But they didn’t. Now, the company has declared its plan, to Wall St. at least.
The plan, which the company claims pre-dates the Microsoft offer, details how the company will grow over the next three years. Presumably, it also shows how the company will grow into a stock price that is higher than Microsoft’s offer. Here is a link to that plan.
From the release:
Yahoo! Inc. (NASDAQ:YHOO – News) today filed an investor presentation that details the Company’s three-year financial plan and strategic initiatives which are expected to roughly double operating cash flow over the next three years from $1.9 billion to $3.7 billion and generate $8.8 billion in revenue excluding traffic acquisition costs (revenue ex-TAC) in 2010.
The financial plan was first presented to Yahoo!’s board of directors in December 2007, before the Company received the unsolicited acquisition proposal by Microsoft Corporation.