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1. Yahoo!s operations did not produce significant cash flows during Year 6 and Year 7. How does Yahoo! Finance its growth in the absence of

1. Yahoo!s operations did not produce significant cash flows during Year 6 and Year 7. How does Yahoo! Finance its growth in the absence of sufficient operating cash flows?

2. What appears to drive the operating cash flows of Yahoo!?

3. Yahoo! engages in purchases and sales of marketable securities. Why do you believe Yahoo! Pursues this activity?

4. Yahoo! Reports $33.21 million of deferred revenue. Based on your understanding of Yahoo!s operations, what do you believe this amount represents?

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