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.
Why has it taken them three months to release this if they presented the plan to the board in December? … And as soon as the Microsoft offer game out, why didn’t they release this report?
Fascinating.. as always
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. Yahoo!’s management today also reaffirmed its outlook for the first quarter 2008 and full year 2008, as previously provided on January 29, 2008. Interesting Enterprise.
Just because the buyout offer was unsolicited doesn’t mean they didn’t know it was coming, because I am sure they did. Their stock has been in the dumper a while, it was only a matter of time before MS came knocking.
Jessica: There are possible legal/securities reasons why they did not come out sooner with this pronouncement.
btw: Knoteyner is a comment spammer
Yahoo does need a change and this is the perfect opportunity to make a change. The Internet heavyweights are transforming the matrix.