Yahoo! Inc. | Introduction
Introduction
701 First Avenue
Sunnyvale, California 94089
U.S.A.
Telephone: (408) 349-3300
Fax: (408) 349-3301
Web site: http://www.yahoo.com
Public Company
Incorporated: 1995
Employees: 5,500
Sales: $3.5 billion (2004)
Stock Exchanges: NASDAQ
Ticker Symbol: YHOO
SICs: 518111 Internet Service Providers; 518112 Web Search Portals; 516110 Internet Publishing and Broadcasting; 518210 Data Processing, Hosting, and Related Services
Yahoo! Inc. is one of the world's leading Internet media companies. Using its seemingly neverending compilation of links to other Web sites, as well as its extensive searchable database, the company helps Internet users navigate the World Wide Web. Anyone can access the Yahoo! Web site for free because it is funded not by subscriptions but by the advertisers who pay to promote products and services there. Yahoo! leads its competitors in the amount of user traffic at its site, with over
2.4 billion page views viewed through its 25 international sites in 13 languages each day. The company also offers Internet users other peripheral services, such as free e-mail accounts (Yahoo! Mail), online chat areas (Yahoo! Chat), and news tailored to each user's demographic or geographic area (Yahoo! News). The company's principal shareholders are the FMR Corporation with 12.5 percent of the stock, cofounder David Filo with 7.9 percent, cofounder Jerry Yang (6.7 percent), and CEO Terry S. Semel (1.2 percent). Yahoo! stock sold at around $35 a share during 2004.