Yahoo! announced at their investor presentation that they are looking to double their cash flow for the 2008 year from $1.9 billion to $3.7 billion
Yahoo! also went on to state that by 2010 they expect to earn $8.8 Billion USD in revenue, a presentation that has people talking about its validity in the recent attempt to block Microsoft for under valuing Yahoo! at only $45 Billion USD.
In my opinion, this is very similar to press conferences for Australian companies about to be acquired, they try to over value the company in order to ensure the buyer will up their bid in order to match market buzz.
Do you think Yahoo! is valued at $45 Billion or more?
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