Yahoo 2009 Annual Report Download - page 18

Download and view the complete annual report

Please find page 18 of the 2009 Yahoo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 134

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134

Our Product Development organization includes Yahoo! Labs. This organization includes our industry-leading
Yahoo! Research group, our Applied Sciences group and our Academic Relations team, which has spearheaded
key relationships with some of the world’s most influential universities and institutions. Yahoo! Labs is designed
to foster the long-term scientific competitiveness of Yahoo! as a world leader on the Internet through cutting-
edge, multi-disciplinary research in a variety of fields, including economic theory, computer science, artificial
intelligence, and various social sciences. In addition to Yahoo! Labs, the Product Development organization
contains our Cloud Computing group which provides the common computing infrastructure upon which
Yahoo!’s product are delivered, including grid computing. Finally, the Product Development organization
contains our Consumer Platforms group, which focuses on the common elements that are embedded in multiple
Yahoo! Products. These elements include the user data base and login, video and social connection platforms.
Our engineering and production teams are primarily located in our Sunnyvale, California headquarters and in
Bangalore, India and Burbank, California. Product development expenses for 2007, 2008, and 2009 totaled
approximately $1.1 billion, $1.2 billion, and $1.2 billion, respectively, which included stock-based compensation
expense of $218 million, $178 million, and $206 million, respectively.
INTELLECTUAL PROPERTY
We create, own, and maintain a wide array of intellectual property assets that we believe are among our most
valuable assets. Our intellectual property assets include patents and patent applications related to our innovations,
products and services; trademarks related to our brands, products and services; copyrights in software and
creative content; trade secrets; and other intellectual property rights and licenses of various kinds. We seek to
protect our intellectual property assets through patent, copyright, trade secret, trademark and other laws of the
U.S. and other countries, and through contractual provisions. We enter into confidentiality and invention
assignment agreements with our employees and contractors, and non-disclosure agreements with third parties
with whom we conduct business in order to secure our proprietary rights and additionally limit access to, and
disclosure of, our proprietary information. We consider the Yahoo! trademark and our many related trademarks
to be among our most valuable assets and we have registered these trademarks in the U.S. and other countries
throughout the world and aggressively seek to protect them. We have licensed in the past, and expect that we
may license in the future, certain of our proprietary rights, such as trademark, patent, copyright, and trade secret
rights to third parties. Additional information regarding certain risks related to our intellectual property is
included in Part I, Item 1A “Risk Factors” of this Annual Report on Form 10-K.
EMPLOYEES
As of December 31, 2009, we had approximately 13,900 full-time employees. Our future success is substantially
dependent on the performance of our senior management and key technical personnel, as well as our continuing
ability to attract, maintain the caliber of, and retain highly qualified technical and managerial personnel.
Additional information regarding certain risks related to our employees is included in Part I, Item 1A “Risk
Factors” of this Annual Report on Form 10-K.
AVAILABLE INFORMATION
Our Website is located at http://www.yahoo.com. Our investor relations Website is located at
http://yhoo.client.shareholder.com. We make available free of charge on our investor relations Website under
“SEC Filings” our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form
8-K, and any amendments to those reports as soon as reasonably practicable after we electronically file or furnish
such materials to the U.S. Securities and Exchange Commission (“SEC”). The SEC maintains a Website that
contains reports, proxy and information statements, and other information regarding our filings at
http://www.sec.gov.
10