Yahoo Reaffirms First-Quarter, Full-Year Forecasts |
| Bloomberg - Mar 18, 2008 |
Yahoo! Inc., the Internet search company that snubbed advances from Microsoft Corp., reaffirmed its forecasts for the first quarter and the year in a bid to prove it can stay independent.
Cash flow may almost double to $3.7 billion in the next three years, Yahoo said in a statement today. On Jan. 29, Yahoo predicted first-quarter sales, excluding revenue passed on to partner sites, of up to $1.38 billion this quarter, and annual sales of as much as $5.95 billion.
Yahoo rejected Microsoft's $44.6 billion unsolicited offer last month, saying the price was ``substantially'' less than what the company is worth. Today, Yahoo pointed to its business in Asia, its No. 2 position in Internet searches and the potential cost savings to underscore why the offer is too low.
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- Posted: 2008-03-18 09:47:35
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