Yahoo! 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.
The presentation supports the unanimous determination by the Company’s board of directors that Microsoft’s January 31, 2008 unsolicited acquisition proposal substantially undervalues Yahoo!. The board cited Yahoo!’s global brand, large worldwide audience, significant recent investments in advertising platforms and future growth prospects, free cash flow and earnings potential, as well as its substantial unconsolidated investments, [ ... ]
March 23rd, 2008
Yahoo! today announced that it has launched a new research lab in Haifa, Israel — its first in the region. The Yahoo! Research Israel Lab will be led by Dr. Ronny Lempel, a renowned information organization and retrieval expert who will report directly to Dr. Ricardo Baeza-Yates, vice president of Yahoo! Research.
The Yahoo! Research Israel Lab, which opens today, will focus on boiling down complex technology problems into simple solutions to change the game in Web search. As a demonstration of its commitment to next-generation search, Yahoo! recently opened Yahoo! Labs - Bangalore and appointed eminent scientist Dr. Rajeev Rastogi to head the new India lab. Yahoo!’s arrival in Israel furthers the company’s commitment to discovering new technologies that deliver compelling experiences on the Web.
“Search is still in its infancy,” said Prabhakar Raghavan, head of Yahoo! Research. “At Yahoo!, we are working on the hard core science tha [ ... ]
March 17th, 2008
Google announced today that it has completed its acquisition of DoubleClick, a company that offers online ad serving and management technology to advertisers, web publishers and ad agencies.
Eric Schmidt, Google’s Chairman and Chief Executive Officer, said, “We are thrilled that our acquisition of DoubleClick has closed. With DoubleClick, Google now has the leading display ad platform, which will enable us to rapidly bring to market advances in technology and infrastructure that will dramatically improve the effectiveness, measurability and performance of digital media for publishers, advertisers and agencies, while improving the relevance of advertising for users.”
March 12th, 2008
Yahoo! today announced that it has amended the Company’s bylaws to extend the deadline for nominating directors to Yahoo!’s board from March 14th to 10 days following the public announcement of the date for Yahoo!’s 2008 annual meeting of stockholders. As the Company has not yet announced the date of this year’s annual meeting, the amendment will give stockholders who want to nominate one or more directors, including Microsoft Corporation, more time to do so. The amendment does not preclude any party from nominating one or more directors at any time prior to the new deadline.
Yahoo!’s board of directors remains committed to pursuing initiatives that maximize value for Yahoo!’s stockholders. To the extent that the extension of the nomination deadline has the effect of postponing the nomination of one or more directors by any party, it will allow Yahoo!’s board to continue to explore all of its strategic alternatives for maximizing value for stockholders without the distraction of a proxy contest.
March 10th, 2008
Yahoo! continues to enable the global mobile ecosystem with the unveiling of Yahoo! onePlace™ – a revolutionary mobile content management solution. Following the company’s achievements in reinventing mobile search and mobile communications, Yahoo! onePlace is designed to be an essential tool to enable consumers to better manage the wide selection of content available across the Internet.
“Over the last three years, we have aggressively executed on our mobile strategy to deliver innovative and indispensable services to consumers globally and become the starting point for the most users. With the introduction of Yahoo! onePlace, we are announcing the next essential component to our mobile product line up,” said Marco Boerries, executive vice president, Connected Life, Yahoo!. “Yahoo! onePlace is where users will be able to find what matters to them the most, no matter where their interests, passions and information come from. Yahoo! onePlace will pro [ ... ]
March 6th, 2008
Google today introduced Google Sites™, an application that makes creating a team web site as easy as editing a document. With Google Sites, people can quickly gather a variety of information in one place – including videos, calendars, presentations, attachments, and text – and easily share it for viewing or editing with a small group, their entire organization, or the world.
“Creating a team web site has always been too complicated, requiring dedicated hardware and software as well as programming skills,” said Dave Girouard, vice president and general manager of enterprise, Google. “Now with Google Sites, anyone can create an entirely customized site in minutes and invite others to contribute. We are literally adding an edit button to the web.”Creating and editing a set of pages in a Google Site requires no knowledge of HTML or web design skills. People can start a new page with one click. Adding content is as easy as clicking the edit button. [ ... ]
February 29th, 2008
Yahoo! today introduced Yahoo! Buzz, an extension to Yahoo.com that opens up the Internet’s leading starting point by uncovering the most interesting and relevant content from websites across the Internet and bringing more buzz-worthy stories to the homepage of Yahoo!. Currently in beta, Yahoo! Buzz measures consumer votes and search patterns to identify interesting and timely stories and videos from large news sources as well as niche blogs around the Web. Top stories are then given primary editorial consideration for feature placement on Yahoo.com.
Yahoo! Buzz can highlight anything - a major news event, an intriguing video or image, or an interesting blog post - and instead of editors, real people vote and search for their favorite stories to determine the top rated content from across the Web. Yahoo! Buzz ranks the most popular content of the moment using a unique approach that combines consumer votes with search popularity to give a story a Buzz Score. This new in [ ... ]
February 26th, 2008
A consortium of six international companies announced they have executed agreements to build a high–bandwidth subsea fiber optic cable linking the United States and Japan. The construction of the new Trans–Pacific infrastructure will cost an estimated US$300 million.
The new cable system — named Unity — will address broadband demand by providing much needed capacity to sustain the unprecedented growth in data and Internet traffic between Asia and the United States. Unity is expected to initially increase Trans–Pacific lit cable capacity by about 20 percent, with the potential to add up to 7.68 Terabits per second (Tbps) of bandwidth across the Pacific.
According to the TeleGeography Global Bandwidth Report, 2007, Trans–Pacific bandwidth demand has grown at a compounded annual growth rate (CAGR) of 63.7 percent between 2002 and 2007. It is expected to continue to grow strongly from 2008 to 2013, with total demand for capacity doubling roughly ever [ ... ]
February 26th, 2008
Next Posts
Previous Posts
