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I myself saw Yahoo become a $100 billion company and then become a $10 billion company, so you always have to look at valuations with a grain of salt and understand it is a point-in-time measure.

Of all the big Internet companies, Yahoo is the most highly valued on a price-earnings and price-sales basis.

There's a certain degree of speculation that goes into valuations. In so far as the market supports a valuation, everyone who gets a great one deserves it, but they should also be cautious because that speculation is temporary. I saw Yahoo go from $100 billion to $10 billion. It's not a long-term measure.

Yahoo is a company that is very strong in content.

I think Yahoo is a great company, with great assets.

Yahoo is positioned for accelerated financial growth. We have a powerful consumer brand, a huge global audience, and a highly profitable operating model.

Not only does Yahoo! have a unique franchise, it increasingly has industry-leading tools, technology and, most importantly, people.

Yahoo is still in many ways the definitive brand of the consumer Internet, but I don't think they can or should compete with Google any longer. That game is over.

The Internet is a powerful way to make lots of money... But we are not going to buy Yahoo!

We're extremely excited about the assets that Yahoo has in the areas of Sports and Finance and Email and News. You match those up with AOL, and we've just made an exponential leap in capabilities here.