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Yahoo mailed a letter to shareholders outlining the reasons the Board believes Microsoft’s proposal significantly undervalues Yahoo and isn’t in the best interests of Yahoo stockholders.

In the missive Yahoo CEO Jerry Yang emphasizes its strong brand, financial strength, strategic investments, technology, and relationships with marketers, reminding shareholders the company holds a leadership position.

The upside for Yahoo without Microsoft? Not surprisingly, Yang sees “a huge market opportunity” in the $45 billion online advertising market projected to grow to $75 billion in 2010.

A copy of the letter from CEO Jerry Yang follows:

Dear Stockholders,

On February 1, 2008, Microsoft made an unsolicited proposal to acquire your company. As much has been reported in the press recently, I wanted to reach out to you personally to let you know why your Board of Directors, after a careful review by Yahoo!’s management along with our financial and legal advisors, believes that Microsoft’s proposal substantially undervalues Yahoo! and is not in the best interests of our stockholders.

Most importantly, I want you to know that your Board is continuously evaluating all of Yahoo!’s strategic options in the context of the rapidly evolving industry environment, and we remain committed to pursuing initiatives that maximize value for all our stockholders.

We have a unique combination of strengths

– Yahoo! is one of the most recognizable and admired brands in the world. We have over 500 million users (nearly 1 out of every 2 internet users worldwide). In the U.S., we are # 1 in many of the most used online services including personalized home pages, mail, news, music, shopping and travel. Because we have leadership positions in so many indispensable online services, users spend more time on Yahoo! sites than anywhere else online.

– Yahoo! is an attractive partner for marketers. Yahoo! is #1 in online display advertising, which represents 90% of the advertising inventory on the web, and we are also a leader in search marketing and a pioneer in the growing fields of mobile advertising and online video advertising. Through Yahoo!, advertisers can now connect with consumers on our owned sites as well as those of our growing network of partners including eBay, Comcast, AT&T, a consortium of over 600 newspapers, Forbes.com, Cars.com, WebMD and more.

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Ever hear of woot?  They post one new deal every day - they have a limited number available so people always want to get there right away and see what the deal is.  I have been monitoring the site for quite some time now and they do have deals that range from spectacular to ok.
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MyWorldPlus launched last night at just after 5pm Eastern.
My World Plus took off like a banshee and is continuing to grow at a record pace. Remember this is just the beginning literrally - this is just the leaders placement period - before the powerline marketing system is even turned on.
MyWorldPower is the powerline system [...]

MyWorldPlus will be live tomorrow - we will post a link here as well as send an email out to our update list.
With your membership to MyWorldPLUS, you receive a MyWordPLUS Discount Membership Card that can be used to save money at over 175,000 retail merchants WORLDWIDE!
You can enroll now free in MyWorldPlus at MyWorldResults.
Each [...]