Yahoo announced at an investor presentation that they expect to double their operating cash flow in three years from $1.9 billion to $3.7 billion. Yahoo also took the opportunity to reaffirm their 2008 financial outlook. Yahoo said by 2010, they expect to earn $8.8 billion in revenue (excluding traffic acquisition costs). This presentation is to bolster Yahoo’s claim that Microsoft’s $45 billion bid for Yahoo is undervalued.

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