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             [IMAGE] [IMAGE]   [IMAGE] [IMAGE] Upgrades  [IMAGE] DownGrades  [IMAGE] Coverage Initiated  [IMAGE] Stock Splits  [IMAGE] Buybacks  [IMAGE] Pos Pre-Announce  [IMAGE] Neg Pre-Announce     [IMAGE]   [IMAGE]   [IMAGE]  [IMAGE]  [IMAGE] Unsubscribe  [IMAGE] Update my Membership / Profile  [IMAGE] Forgot Username / Password  [IMAGE] Add / Edit Alerts  [IMAGE] View My Alerts   [IMAGE] [IMAGE] [IMAGE] [IMAGE]   [IMAGE]  [IMAGE]    [IMAGE] [IMAGE] [IMAGE] 	  As requested, your News Alert for YHOO  follows from EquityAlert.com.     Yahoo! Reports Fourth Quarter, Year End 2001 Financial ResultsYahoo! Exceeds Expectations with Fourth Quarter Revenue of $189 Million, and Pro Forma Net Income of $17 Million or $0.03 Per Share   SUNNYVALE, Calif., Jan 16, 2002 (BUSINESS WIRE) -- Yahoo! Inc. (Nasdaq:YHOO) today reported results for the fiscal fourth quarter and the fiscal year ended Dec. 31, 2001. Net revenues for the fourth quarter ended Dec. 31, 2001 totaled $188.9 million, compared to net revenues of $310.9 million for the fourth quarter ended Dec. 31, 2000. Pro forma net income for the fourth quarter of 2001 was $16.7 million or $0.03 per share diluted(1). This compares to pro forma net income of $80.2 million or $0.13 per share diluted for the fourth quarter of 2000(1). On a GAAP (Generally Accepted Accounting Principles) basis, the net loss for the fourth quarter ended Dec. 31, 2001, which includes restructuring costs of $16.8 million, was $8.7 million or $0.02 loss per share diluted. The GAAP net loss for the fourth quarter ended Dec. 31, 2000, which includes a write-down and loss on certain equity investments of $164.6 million, was $97.8 million or $0.17 loss per share diluted.   Net revenues for fiscal 2001 were $717.4 million compared to net revenues of $1,110.2 million in fiscal 2000. Pro forma net income in fiscal 2001 was $41.4 million or $0.07 per share diluted compared to pro forma net income of $291.0 million or $0.48 per share diluted in fiscal 2000(1). On a GAAP basis, the net loss for fiscal year 2001, which includes $62.2 million of restructuring and acquisition-related costs, was $92.8 million or $0.16 loss per share diluted. This compares to GAAP net income of $70.8 million or $0.12 per share diluted for fiscal year 2000, which includes $22.8 million of acquisition-related costs.   "While 2001 was a year of challenges and transition, Yahoo! adapted and executed to end the year on a high note, with fourth quarter revenues and income exceeding the business outlook we previously provided. As we reorganized the business and reduced costs throughout the year, Yahoo! managed through the difficult environment. We continue to focus on long-term growth as we execute our strategy of building a diversified global business," said Terry Semel, chairman and chief executive officer, Yahoo!.   Leading Global Audience  During the fourth quarter, Yahoo!'s strong consumer metrics underscored the company's leadership position among online consumers. Yahoo!'s global network continues to be the worldwide leader in terms of unique users, reach, and total time spent (Nielsen//NetRatings, November 2001). Yahoo!'s global audience grew to 219 million unique users, compared to 180 million in the fourth quarter of 2000. In addition, a record 86 million active registered members logged onto Yahoo! during December 2001. The company's traffic increased to a record 1.32 billion page views per day on average during December 2001, compared to 900 million in December 2000.   Global Business Strategy  In November 2001, Yahoo! outlined the company's strategy and key priorities in order to achieve sustainable, profitable growth over the long term. As part of the overall strategy, Yahoo! realigned the organization around six key businesses in order to become more focused and efficient: listings, access, commerce, communications, media and information and enterprise solutions.   "We remain steadfast in our strategy to build a diversified global business by focusing our efforts and leveraging our core strengths to provide deeper, more valuable solutions for our consumers and business partners. In the fourth quarter we executed on a number of initiatives to support our new business strategy and our goal is to maintain that momentum as we enter 2002," said Semel.   "Yahoo!'s organizational strategy for 2002 and beyond is to ensure that we are in the right businesses, with the structure and people to achieve maximum potential from the opportunities we see," said Jeff Mallett, president and chief operating officer, Yahoo!. "We have made significant progress on our goals during a particularly challenging economic period and we will continue to leverage the strength of our six business areas in order to position ourselves for growth."   Business Outlook  "We are very pleased with our strong fourth quarter performance and we remain committed to operating in a financially disciplined manner as we manage through the ongoing challenging economic environment," said Susan Decker, chief financial officer, Yahoo!. "To support our stated financial objective of maximizing long term free cash flow, we are focused in the near term on balancing short term profitability with the investment required to drive sustainable growth and, in the longer term, increasing revenue per user. We are extremely excited about the future, as we have created a strong foundation that will serve as a platform to permit us to drive profitable growth in the years ahead."   Based on information as of January 16, 2002, and excluding the effects of the pending acquisition of HotJobs and of any other potential acquisitions, the company expects revenues for the first quarter 2002 to be between $160 and $180 million, and between $750 and $800 million for the full year 2002.   On that same basis, in the first quarter 2002, Yahoo! expects pro forma earnings before interest, depreciation and amortization (EBITDA) to range from $5 to $15 million and pro forma earnings per share (EPS) to be $0.01 or $0.02. For the full year 2002, pro forma EBITDA is expected to be between $70 and $100 million and pro forma EPS to be in the range of $0.07 to $0.10.   The Business Outlook for the company as of today will be available on the company's Investor Relations Web site throughout the current quarter. It is currently expected the full Business Outlook will not be updated until the release of Yahoo!'s next quarterly earnings announcement; however, Yahoo! reserves the right to update the full Business Outlook or any portion thereof at any time for any reason.   Quarterly Conference Call  Yahoo! will host a conference call today to discuss fourth quarter and year end results at 5:00 p.m. Eastern Time. A live Webcast of the conference call can be accessed at http://webevents.broadcast.com/yahoo/011602. In addition, a replay of the call will be available for 48 hours following the conference call and can be accessed through the "Conference Calls" area of the company's Investor Relations Web site at www.yahoo.com/info/investor, or by calling 800/633-8284, reservation No. 20087964.   About Yahoo!  Yahoo! Inc. is a leading global Internet communications, commerce and media company that offers a comprehensive branded network of services to more than 219 million individuals each month worldwide. As the first online navigational guide to the Web, www.yahoo.com is the leading guide in terms of traffic, advertising, household and business user reach. Yahoo! is the No. 1 Internet brand globally and reaches the largest audience worldwide. Through Yahoo! Enterprise Solutions, the company also provides online business and enterprise services designed to enhance the productivity and Web presence of Yahoo!'s clients. The company's global Web network includes 24 World properties. Headquartered in Sunnyvale, Calif., Yahoo! has offices in Europe, Asia, Latin America, Australia, Canada and the United States.   This press release and its attachments contain forward-looking statements that involve risks and uncertainties concerning Yahoo!'s expected financial performance (as described without limitation in the Business Outlook section and quotations from management in this press release), as well as Yahoo!'s strategic and operational plans. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the slower spending environment for advertising sales; the actual increases in demand by customers for Yahoo!'s premium and corporate services; the ability to successfully change the customer mix among Yahoo!'s advertising customers; general economic conditions (including the effects of the terrorist attacks on the United States on Sept. 11, 2001 and related events); the ability to adjust to changes in personnel, including management changes; and the dependence on third parties for technology, content and distribution. All information set forth in this release and its attachments is as of Jan. 16, 2002, and Yahoo! undertakes no duty to update this information. More information about potential factors that could affect the company's business and financial results is included in the company's Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2000 and Quarterly Report on Form 10-Q for the quarterly period ended Sept. 30, 2001, including (without limitation) under the captions, "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," which are on file with the Securities and Exchange Commission (the "SEC") and available at the SEC's website at www.sec.gov. Additional information will also be set forth in those sections in Yahoo!'s Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2001 which will be filed with the SEC in the near future.   (1) Pro forma net income and net income per share calculations for all 2001 and 2000 periods exclude acquisition-related and restructuring charges, amortization of intangibles and stock compensation, employer payroll taxes on gains realized by employees from non-qualified stock option exercises, investment gains and losses, and income related to a contract termination fee.   Yahoo! Inc.   Unaudited Pro Forma Condensed Consolidated Statements of Operations                (in thousands, except per share amounts)                            Three Months Ended         Year Ended                               December 31,            December 31,                            ------------------     ------------------                              2001      2000         2001      2000                            --------  --------     --------  -------- Net revenues           $  188,911    $ 310,873  $ 717,422  $1,110,178 Costs and  expenses:   Cost of    revenues                37,301       40,071    157,001     149,744   Sales and    marketing               90,665      122,252    382,826     407,854   Product    development             30,339       29,179    121,012     102,382   General and    administrative          19,506       17,974     78,141      65,511                        ----------  -----------  ---------  -----------      Total costs       and expenses        177,811      209,476    738,980     725,491                        ----------  -----------  ---------  ----------- Pro forma income  (loss) from  operations                11,100      101,397    (21,558)    384,687 Investment income,  net                       22,452       27,901    101,905      89,939 Minority interests  in operations of  consolidated  subsidiaries              (1,465)         124       (693)     (5,298)                        ----------- -----------  ---------- ----------- Pro forma income  before income taxes       32,087      129,422     79,654     469,328 Provision for income  taxes                     15,402       49,180     38,234     178,345                        ----------  -----------  ---------  ----------- Pro forma net income   $   16,685  $    80,242  $  41,420  $  290,983                        ==========  ===========  =========  =========== Pro forma net income  per share - diluted   $     0.03  $      0.13  $    0.07  $     0.48                        ==========  ===========  =========  =========== Shares used in per  share pro forma  calculation - diluted    598,244      599,518    596,545     610,678                        ==========  ===========  =========  =========== ---------------------------------------------------------------------- Supplemental Financial Data --------------------------- Pro forma EBITDA (1)   $   28,495  $   111,077  $  43,622  $  410,605 Pro forma after tax  cash earnings (2)     $   34,175  $    90,897  $ 107,229  $  322,546 Pro forma after tax  cash earnings per  share - diluted       $     0.06  $      0.15  $    0.18  $     0.53 ----------------------------------------------------------------------     The above unaudited pro forma condensed consolidated statements of operations are not a presentation in accordance with generally accepted accounting principles as they exclude the effects of the following (in thousands): Pro forma net income   $   16,685  $    80,242  $  41,420  $  290,983    Amortization of     intangible assets     (18,449)      (7,661)   (64,085)    (28,328)    Payroll taxes on     option exercises         (197)      (2,566)    (1,310)    (14,856)    Stock compensation     expense                  (989)      (3,708)    (9,096)    (20,898)    Restructuring costs    (16,771)          --    (57,471)         --    Acquisition-related     costs                      --           --     (4,750)    (22,785)    Other income, net:       Investment gains        (losses), net          879     (164,617)   (26,623)   (118,943)       Contract        termination fee         --           --      9,000          --       Goodwill        amortization of        Yahoo! Japan        equity        investment          (1,786)      (1,786)    (7,144)     (4,697)    Supplemental     provision for     income taxes (3)       11,969        2,277     27,271      (9,700)                        ----------  -----------  ---------  ----------- Reported net income  (loss)                $   (8,659) $   (97,819) $ (92,788) $   70,776                        ==========  ===========  ========== =========== (1) Defined as income (loss) from operations before depreciation and     amortization, stock compensation expense, and acquisition-related     costs and restructuring charges. (2) Defined as pro forma net income before depreciation but after     payroll taxes on option exercises. (3) Supplemental provision for income taxes reflects a pro forma     effective tax rate of 48% for 2001 and a pro forma effective tax     rate of 38% for 2000.                               Yahoo! Inc.        Unaudited Condensed Consolidated Statements of Operations                (in thousands, except per share amounts)                            Three Months Ended         Year Ended                               December 31,            December 31,                            ------------------    ------------------                              2001      2000         2001      2000                            --------  --------     --------  -------- Net revenues              $ 188,911  $ 310,873  $ 717,422  $1,110,178 Costs and expenses:    Cost of revenues          37,301     40,071    157,001     149,744    Sales and marketing       90,665    122,252    382,826     407,854    Product development       30,339     29,179    121,012     102,382    General and     administrative           19,506     17,974     78,141      65,511    Payroll taxes on     option exercises            197      2,566      1,310      14,856    Stock compensation     expense                     989      3,708      9,096      20,898    Amortization of     intangibles              18,449      7,661     64,085      28,328    Restructuring costs       16,771         --     57,471          --    Acquisition-related     costs                        --         --      4,750      22,785                           ---------  ---------  ---------  -----------      Total costs and       expenses              214,217    223,411    875,692     812,358                           ---------  ---------  ---------  ----------- Income (loss) from  operations                 (25,306)    87,462   (158,270)    297,820 Investment income (loss),  net                         21,545   (138,502)    77,138     (33,701) Minority interests in  operations of  consolidated  subsidiaries                (1,465)       124       (693)     (5,298)                           ---------- ---------  ---------- ----------- Income (loss) before  income taxes                (5,226)   (50,916)   (81,825)    258,821 Provision for income  taxes                        3,433     46,903     10,963     188,045                           ---------  ---------  ---------- ----------- Net income (loss)         $  (8,659) $ (97,819) $ (92,788) $   70,776                           ========== ========== ========== =========== Net income (loss)  per share - diluted      $   (0.02) $   (0.17) $   (0.16) $     0.12                           ========== ========== ========== =========== Shares used in per  share calculation  - diluted                  571,928    559,872    569,724     610,678                           =========  =========  =========  ===========                               Yahoo! Inc.            Unaudited Consolidated Summary Balance Sheet Data                             (in thousands)                                         December 31,    December 31,                                            2001             2000                                       ---------------- --------------- ASSETS    Cash, cash equivalents, and     investments in marketable     debt securities (1)                   $1,730,655     $1,688,666    Accounts receivable, net                   68,648         90,561    Property and equipment, net               131,648        109,781    Investments in marketable     equity securities                         34,852         87,545    Other assets, net                         427,674        293,023                                           ----------     ----------            Total assets                   $2,393,477     $2,269,576                                           ==========     ========== LIABILITIES AND STOCKHOLDERS' EQUITY   Liabilities:     Accounts payable, accrued      expenses and other      liabilities                          $  287,051     $  226,184     Deferred revenue                         109,402        117,165                                           ----------     ----------           Total liabilities                  396,453        343,349                                           ----------     ----------   Minority interests in    consolidated subsidiaries                  30,007         29,313   Stockholders' equity                     1,967,017      1,896,914                                           ----------     ----------                                           $2,393,477     $2,269,576                                           ==========     ========== (1) Cash, cash equivalents, and investments in marketable debt     securities include restricted amounts of $259 million and $30     million at December 31, 2001 and 2000, respectively.                               Yahoo! Inc.             Unaudited Consolidated Summary Cash Flows Data                             (in thousands)                            Three Months Ended         Year Ended                               December 31,            December 31,                            ------------------     ------------------                              2001      2000         2001      2000                            --------  --------     --------  -------- CASH FLOWS FROM OPERATING ACTIVITIES:   Net income (loss)       $   (8,659)$  (97,819)$  (92,788)$   70,776   Adjustmentto    reconcile net income    (loss) to net cash    provided by    operating activities:       Depreciation and        amortization           36,041     19,907    130,575     69,102       Tax benefits from        stock options          (4,055)    46,991      2,003    172,525       Noncash        restructuring        costs                   3,132         --     14,790         --       Other noncash items      2,580    166,805     37,856    144,822       Change in working        capital               (16,056)   (56,946)    14,414     52,482                           ---------- ---------- ---------- ----------- Net cash provided by  operating activities         12,983     78,938    106,850    509,707                           ---------- ---------- ---------- ----------- CASH FLOWS FROM INVESTING ACTIVITIES:   Acquisition of property    and equipment, net of    proceeds from     disposals                (14,342)   (28,628)   (86,211)   (94,413)   Purchases of equity    securities                 (1,800)   (16,989)   (11,275)  (106,675)   Sales of equity    securities                  8,921     15,200     23,280     15,200   Acquisitions and    dispositions, net of    cash acquired                  --         --    (14,478)     2,726                           ---------- ---------- ---------- ----------- Net cash used in  investing activities         (7,221)   (30,417)   (88,684) (183,162)                           ---------- ---------- ---------- ----------- CASH FLOWS FROM FINANCING ACTIVITIES AND OTHER:   Proceeds from issuance    of Capital Stock, net      21,006     29,379     83,875    352,279   Repurchase of Capital    Stock                          --         --    (59,988)        --   Other                       (8,771)       296        (64)     5,541                           ----------- --------- ---------- ---------- Net cash provided by  financing activities and  other                        12,235     29,675     23,823    357,820                           ----------- --------- ---------- ---------- Net change in cash, cash  equivalents, and  marketable debt  securities                   17,997     78,196     41,989    684,365 Cash, cash equivalents,  and investments in  marketable debt ]  securities at  beginning                 1,712,658  1,610,470  1,688,666  1,004,301                           ---------- ---------- ---------- ----------- Cash, cash equivalents,  and investments in  marketable debt  securities at end of  period                   $1,730,655 $1,688,666 $1,730,655 $1,688,666                           ========== ========== ========== ===========                               Yahoo! Inc.                Fourth Quarter 2001 Operating Highlights                            January 16, 2002     Audience Growth, Usage and Loyalty     --  Yahoo!'s audience across its global network grew to 219         million unique users during December 2001, up from 180 million         in December 2000. A record 86 million active registered         members logged into their personalized Yahoo! services during         December 2001, up from 60 million in December 2000.     --  Yahoo!'s traffic increased to a record 1.32 billion page views         per day on average during December 2001, compared to 900         million in December 2000. Yahoo! Japan and Yahoo! Europe's         traffic, which is included in these page view totals, totaled         more than 196 million and 72 million page views per day on         average in December 2001, respectively.     --  Yahoo! was ranked the number one global Web destination for         the 18th consecutive month. Yahoo! has the largest global         reach, reaching 52.4 percent of the global Internet         population. (Nielsen//Netratings Global Internet Index,         November 2001, Home Panel Only)     --  More time is spent on Yahoo! than on any other portal. An         average U.S. Yahoo! consumer spends 2 hours and 15 minutes per         month. (Nielsen//Netratings, November 2001)     --  According to Brand Asset Valuator(R)(Young and Rubicam,         December 2001), the U.S. population ranks Yahoo! first among         all Internet companies in terms of brand equity. According to         the study, Yahoo! is also perceived as being one of the most         revolutionary brands, being dynamic, innovative, up-to-date, a         leader, fun and progressive.     --  Yahoo! is the number one Internet property in Argentina, Hong         Kong, India, Ireland, Japan, Singapore, and Taiwan, and the         number two Internet property in Australia, Canada, Korea,         Mexico, New Zealand, the United Kingdom, and the United         States. Yahoo! is in the top five in Brazil, France, Germany,         and Spain. (Nielsen//Netratings, November 2001)     Appointments     --  The company announced the appointment of Gary L. Wilson and         Ronald W. Burkle to its Board of Drectors. Wilson, 61, is         chairman of the Board of Directors of Northwest Airlines, the         world's fourth largest airline. Burkle, 48, is founder and         managing partner of The Yucaipa Companies, widely known for         its leadership in acquisitions, mergers and management of         large retail and distribution companies.     --  During the quarter, Yahoo! also announced the appointment of         John Costello as chief global marketing officer. Costello will         be responsible for leading Yahoo!'s worldwide strategic         branding as well as supporting the company's product marketing         initiatives.     Major Announcements     In the fourth quarter of 2001, Yahoo! entered into a number of major agreements. Highlights include the following:     --  In December, Yahoo! announced the company had entered into a         definitive agreement to acquire HotJobs.com, Ltd. The         acquisition will accelerate the growth of Yahoo!'s listings         business by instantly positioning Yahoo! as the number two         player in the online recruiting segment, one of the fastest         growing opportunities within online classifieds.     --  In November, Yahoo! announced the company had entered into a         landmark strategic alliance with SBC Communications to provide         Internet access to millions of consumers in SBC's service         area. SBC and Yahoo! are joining access with compelling         content to offer a first-of-its-kind service. Partnering with         the largest DSL provider in the country leapfrogs Yahoo! into         a top three position in the race to provide broadband Internet         access.     --  Yahoo! also announced the launch of Yahoo! Sponsor Matches, an         enhanced placement program to give partner Web sites increased         visibility in Yahoo!'s search results. Yahoo! introduced the         program through an alliance with Overture Services Inc.,         formerly GoTo, the leading provider of Pay-For-Performance         search to Web sites across the Internet.     --  Yahoo! Europe also formed an alliance with Espotting Media to         launch Yahoo! Sponsored Matches in five European countries --         United Kingdom, Germany, France, Italy and Spain -- powering         2.5 billion search requests over the next year.     --  In Brazil, Yahoo! announced the company would acquire Cade?,         that country's leading search engine. The deal further         supports Yahoo!'s commitment to grow its international         properties and maintain a leadership position in key markets         around the world.     Essential Marketing Solutions     --  Yahoo! served 3,795 advertisers and merchants during the         fourth quarter. Yahoo! clients include 31 of the Fortune 50         and 52 of the Fortune 100 advertisers.     --  New accounts and major brands served in the fourth quarter         include American Eagle Outfitters, Hearst Business Media,         Hilton Hotels, Penguin Putnam, Seagrams, Target Stores and         Toshiba. Internationally, Yahoo! signed marketing agreements         with major brand name companies around the world including:         Alitalia, L'Oreal, Virgin Music, and Vodafone in Europe;         MasterCard and Proctor & Gamble in Australia & New Zealand;         JVC, Lufthansa, and Singapore Airlines in Asia; and IBM in         Latin America.     --  Yahoo! announced it has teamed with Arnold MPG to develop         marketing solutions for leading global advertisers. This         agreement represents the first upfront commitment made by an         agency for strictly online marketing programs with an online         media company.     --  As outlined in the December 17, 2001 issue of Advertising Age,         Yahoo! was the leader among all competitors in the Advertising         Age Survey of Agency Satisfaction. Yahoo! placed first in all         categories evaluated including overall score, responsiveness,         willingness to negotiate, flexibility, ability to customize         programs, understanding of the ad business and improvement.     Enterprise Solutions     --  Yahoo! Portal Solutions, formerly known as Corporate Yahoo!,         now has 40 customers. Yahoo! recently entered into a         multi-year agreement with CIGNA Corporation that will give 16         million CIGNA health care members and retirement plan         participants the opportunity to have personalized benefits Web         sites based on the My Yahoo! interface starting in the first         half of 2002. Yahoo! Portal Solutions also continued to post         international wins through agreements with BBVA in Spain and         Cemex in Mexico.     --  The company announced the formation of a strategy services         practice for the Yahoo! Enterprise Solutions division and the         appointment of Joseph Cha to the new position of vice         president for strategservices. The strategy services         department is a key new element in Yahoo!'s efforts to expand         business service offerings to clients.     --  Yahoo! Broadcast Solutions averaged nearly 13 million hours         per month of streamed audio and video in the fourth quarter         and delivered 707 corporate events for 532 customers.     --  In October, Yahoo! launched Yahoo! Mail - Business Edition, a         new premium service that allows small businesses to get a         professional, branded e-mail address that is easier to use and         more affordable than alternative business e-mail hosting         solutions.     --  Yahoo! Store numbers rose to record 17,000 merchants, and         Yahoo! launched Ad Manager, a cost-effective, self-service         advertising tool that enables Yahoo! Store merchants to         create, purchase and manage advertising campaigns on the         Yahoo! network within almost any budget.     Consumer Services     --  The company launched Yahoo! Essentials, an easy-to-download         application that customizes consumers' desktop environments by         installing Yahoo!'s most popular products and services,         including Yahoo! Messenger, Mail, Briefcase, Photos, Games, My         Yahoo!, Search and Companion, on their Windows operating         system.     Commerce     --  Yahoo! enabled approximately $1.5 billion in commerce         transactions in the fourth quarter of 2001.     --  During the fourth quarter, Yahoo! launched the new Yahoo!         Shopping network, which integrates the company's U.S. commerce         offerings including: Auctions, Classifieds, Shopping and         Warehouse, the new discount shopping platform. These         enhancements bolster Yahoo!'s commerce platform by providing         consumers with easier access to multiple shopping options, and         by offering Yahoo! sellers and merchants increased visibility         for their merchandise.     --  Yahoo! also introduced a new performance-based pricing model         for Yahoo! Auctions resulting in a 24 percent increase in U.S.         listings since November. Yahoo! Auctions began charging         sellers based on the final value of an item sold, while         reducing item listing fees, making it more cost effective to         list on Yahoo! Auctions and deepening Yahoo!'s relationship         with the selling community.     --  Expanding on its commitment to personal finance, Yahoo!         Finance introduced Money Manager, a free set of financial         tools and services that provides an integrated view of an         individual's financial life, organizing and summarizing         everything consumers need to know about their money in one         convenient online location. It enables users to automatically         track their finances and net worth, analyze their spending         habits and long-term goals, benchmark their investments         against the market, actively manage their money with the         ability to pay bills and move funds among financial accounts,         and can even save consumers money on wireless, long-distance         and banking services.     --  Just this week, Yahoo! Finance also announced an agreement         with Intuit to offer consumers online tax preparation and         filing services through the Yahoo! Tax Center.     Communications     --  Yahoo!'s communication platform, including Yahoo! Messenger,         Yahoo! Mail and Yahoo! Groups, delivered 19.1 billion messages         in December. Messages delivered in the fourth quarter were up         over 30 percent from the previous quarter.     --  Yahoo! Messenger launched IMVironments(TM), the first         interactive, multimedia experience delivered within the Yahoo!         Messenger window. Marketing partners for this         first-of-its-kind instant messaging viral marketing tool         include Dilbert, Garbage, Nintendo of America Inc., PEANUTS,         and Sanrio. Yahoo! Messenger IMVironments -- "instant         messaging environments" -- are interactive, themed backgrounds         for Yahoo! Messenger conversations that appear directly in the         instant messaging window and are shared virally among friends.     Media and Information     --  In November, Yahoo! launched FIFAworldcup.com, the official         web site of the 2002 FIFA World Cup in Japan and Korea.         Budweiser, MasterCard International and the Korean National         Tourism Organization (KNTO) have joined as site sponsors. In         September, Yahoo! and FIFA entered into an exclusive,         multi-year, global relationship, whereby both parties jointly         produce, market and commercially operate the official Web site         of the FIFA World Cup(TM).     --  During the fourth quarter, Yahoo! also announced the debut of         its new music destination, LAUNCH, Your Yahoo! Music         Experience. This new prperty is the result of Yahoo!'s         acquisition of LAUNCH Media, Inc., now a wholly-owned         subsidiary, and its subsequent integration with Yahoo! Music.         Bringing together the best elements of both sites, Yahoo! has         created the Web's premier music destination, offering the most         comprehensive music-related content, features and information         available.     --  Yahoo! Astrology expanded its offerings with new personalized         services including a for-pay hotline, email horoscopes, and         astrological charts, available to fans around the world.     --  Yahoo! Broadcast unveiled new television, movie and music         programming and announced a syndication deal with         Carsey-Werner Distribution. Some of the unique content         announced includes full-length episodes from "Townies,"         starring Molly Ringwald, Jenna Elfman and Lauren Graham as         well as clips from "That 70's Show," "3rd Rock from the Sun,"         and "Rosanne;" exclusive webcasts from Dr. Stephen Covey and         Sting; and a variety of content from Allfood.com.     --  Yahoo! and Sony Pictures Digital Entertainment announced a         comprehensive online motion picture promotional agreement for         the online promotion and marketing of Sony Pictures films.         This implementation was a part of the previously announced         relationship between Sony Corporation of America and Yahoo!.         Select motion picture releases from Sony Pictures         Entertainment are being comprehensively integrated across the         Yahoo! network.  Note to Editors: Yahoo!, Corporate Yahoo!, My Yahoo! and the Yahoo! logos are trademarks and/or registered trademarks of Yahoo! Inc. All other names are trademarks and/or registered trademarks of their respective owners.   CONTACT:          Yahoo! Inc.                                                               Diana Lee, 408/349-6501 (Media Relations)                                 dianalee@yahoo-inc.com                                                    Cathy La Rocca, 408/349-5188 (Investor Relations)                         cathy@yahoo-inc.com                                                       or                                                                 Fleishman-Hillard                                                         Nicole Waddell, 415/356-1037 (Media Relations)                            waddelln@fleishman.com                                  URL:              http://www.businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page.  Copyright (C) 2002 Business Wire.  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