Yahoo! wants to be your portal to everything on the Web. Focusing on search and personalized content, it’s a global internet brand.
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Yes, this stock is ultra cheap right now, but it's going to get worse before it gets better, IMO. Jerry Yang is finally out as CEO, and there might be a temporary uptick when the new CEO steps in, but Yahoo is hurting bad and are not in a position to take on competitors at this point. Yes, they are strong in Asia and they may find a buyer at some point, but in the near term, I think YHOO will go down to 2001 levels -- $5/share.