Executive Summary Yahoo! Inc.has placed itself in the top spot among Internet portals, by attracting approximately 232 million visitors each month worldwide. It not only offers a directory and search engine, but also features a collection of communications, commerce, and content services with over 25 international sites in 13 languages. Yahoo! produces much of its revenue from banner advertising and sponsorship ads, while also obtaining fees through subscription and business services, such as SBC Yahoo! DSL and …showed first 75 words of 4119 total…

…showed last 75 words of 4119 total…Yahoo! and it has plenty of room for further steady growth. The higher income in addition reflects on improved operating margin. The 52 week high was priced at $39.14, while the 52 week low was $25.26. The current price as of 5/2/05 was $43.29. The expected baseline price I our estimation was $46.32. This recommendation is based on our assumption that the long term growth rate for the firm will be 7% using the Corporate Valuation Model and 9% using the Discount Dividend Model.