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Yahoo! Investor Presentation
March 2008
 
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3
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Lead
 
Why We Are Here
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Discuss the value of Yahoo! today
 –Strategically positioned for accelerating growth –Unique, iconic assets•
Outline specific financial performance projections
 –We expect future growth in excess of Street estimates –This is driven by current investments in Starting Points andMust Buy initiatives
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Provide perspective which informed our Board’s rejectionof Microsoft’s offer
 –Board believes that Microsoft's proposal substantiallyundervalues Yahoo! –Yahoo!’s unique strategic value mustbe recognized in anytransaction
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