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Yahoo to double revenue by 2010?

Posted on Tuesday, March 18 2008 @ 14:59:50 CET by

Yahho announced it expects to double its revenue over the next tree years and generate $8.8 billion of revenue after costs in 2010. It's not clear whatstrategy Yahoo will follow to double its revenue.
Yahoo says its three-year financial plan support the board's determination that Microsoft's Jan. 31 takeover bid undervalues the company.

Sunnyvale, Calif.-based Yahoo Inc. continues to expect first-quarter revenue between $1.28 billion and $1.38 billion and full-year revenue of $5.35 billion to $5.95 billion.

Analysts surveyed by Thomson Financial expect revenue of $1.32 billion in the first quarter and $5.65 billion for the year.



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