Part I Item 1. Business access to value-added content or services. In addition, we sell marketing and advertising services to businesses across OVERVIEW the majority of our properties and services. Yahoo! Inc., together with its consolidated subsidiaries, (‘‘Yahoo!’’, ‘‘Our’’ or ‘‘We’’) is a leading provider of com- During 2003, we completed the acquisitions of Inktomi prehensive Internet products and services to consumers Corporation (‘‘Inktomi’’) and Overture Services, Inc. and businesses through our worldwide network of online (‘‘Overture’’) in March and October, respectively. Inktomi properties (the ‘‘Yahoo! network’’). Yahoo! was developed is a provider of Web search and paid inclusion services on and first made available in 1994 by our founders, David the Internet. Overture is a provider of commercial search Filo and Jerry Yang, while they were graduate students at services on the Internet, including pay-for-performance Stanford University. Yahoo! was incorporated in 1995 and search services. Since inception, we have acquired several is a Delaware corporation. other companies including those that provided databases, software, technologies, content, and/or tools to develop Headquartered in Sunnyvale, California, we have offices in and expand upon our network of properties and services. North America, Europe, Asia, Latin America and Austra- lia. We manage our business geographically; our principal We generate multiple sources of revenue across these areas of measurement and decision-making are the United properties and services that are classified as: Marketing States and International. Our properties and services for Services, Fees and Listings. The following table presents consumers and businesses currently reside in four areas: an overview of our financial reporting structure as well as Search and Marketplace; Information and Content; Com- our properties and services. munications and Consumer Services; and Affiliate Ser- vices. Our basic products and service offerings are avail- able without charge to our users. We also offer a variety of fee-based premium services that provide our users Operating Segments Revenue Classifications Properties and Services United States International Marketing Services Fees Listings Search and Marketplace Information and Content PROPERTIES AND SERVICES Search and Marketplace Our properties and service offerings are generally available Our Search and Marketplace properties focus on being the without charge to our users. We generate revenues from starting point for consumers and businesses looking for marketing and listing services, and also offer fee-based information and looking to purchase products and ser- premium services that provide our users access to addi- vices. The properties include the following: tional content or services. 2 Communications and Consumer Services Affiliate Services 27FEB200411384988
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