Yahoo Claims Big Opportunity Ahead

The wall paneled office types have responded to the Microsoft tender offer. Their claim — That by 2010 Yahoo will double operating income. Hmmm. With Bernacke breaking the dollar most firms might be able to do this on a year over year basis on the devaluation of the dollar. But I digress –

A presentation given to investors claims that Yahoo will be able to roughly double its operating cash flow over the next three years from $1.9 billion to $3.7 billion and generate $8.8 billion in revenue, excluding traffic acquisition costs, in 2010. Included in those numbers are $1.9 billion of revenues expected to be generated from display/video advertising as well as $1.4 billion from added search revenue.

“Yahoo! is positioned for accelerated financial growth - we have a powerful consumer brand, a huge global audience and a highly profitable operating model,” said Jerry Yang, the company’s co-founder and chief executive officer, in a prepared statement. Roy Bostock, chairman of the board, noted that these details provide “context for [the] board’s unanimous rejection of Microsoft’s unsolicited proposal.”

“Yahoo! represents a truly unique strategic platform within our industry. The board of directors and management will continue to work closely together to ensure that any strategic path we pursue capitalizes on that uniqueness and value in a way that maximizes the benefit to our stockholders,” Bostock said.

My general observation to most of these kind of things is — hey, you should have been offering this kind of guidance 3 years ago. Why didn’t you? Only when their pants are on fire to the Exec types stand up and smell the proxies. Which is exactly what they are doing right now, counting proxies to see if they win or lose.

We’ll keep you posted.

Linky.