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Yahoo! Establishes Yahoo! Research Labs to Advance Search Engine Technology And Innovation

R&D Organization to Focus on Developing New Technologies in Search and Other Core Yahoo! Businesses

SUNNYVALE, Calif.–(BUSINESS WIRE)–Jan. 19, 2004–Yahoo! Inc. (Nasdaq:YHOO), a leading global Internet company, has announced the formation of Yahoo! Research Labs (http://labs.yahoo.com), a research organization focused on inventing new technologies and solutions relevant to strategic Yahoo! businesses.

The group will pursue a portfolio of topics that include pay for performance search, web search, vertical businesses and platform technologies. The organization will be led by Yahoo!’s Head and Principal Scientist Dr. Gary William Flake, former chief science officer of Overture and founder of Overture Research.

Yahoo! Research Labs engineers and scientists will work collaboratively with Yahoo! business, product and technology teams to stimulate and synthesize new ideas that will serve Yahoo!’s partners, advertisers and consumers. Core research areas include machine learning, statistical data mining and efficient algorithms.

"As the most visited destination on the Web, Yahoo! has always focused on using technology and science to advance the use of the Internet in daily lives and to continually improve the user experience," said Farzad Nazem, executive vice president and chief technology officer, Yahoo!. "As we move to the next phase of the Internet, we are excited to establish Yahoo! Research Labs, dedicated to inventive computer science solutions that will help make the Internet experience more efficient, productive, individualized, and even more entertaining. Whether developing new algorithms or employing existing technologies in new ways, Yahoo! Research Labs will partner with Yahoo!’s global technology resources to accelerate our ability to both improve the quality of our existing network and introduce entirely new online products."

"Our mission is to help Yahoo! pioneer the next wave of the online world through innovation, invention and scientific contribution," said Dr. Flake. "By partnering with technology resources both inside and outside of Yahoo!, we aim to cultivate knowledge and expertise, solve fundamental technology problems and translate theory into practice to help maximize the social and economic potential of the Internet for consumers and businesses."

Yahoo! Research Labs staff will focus on long-term strategic projects and fundamental research, technology evaluation and transfer, and short-term projects that allow Yahoo! to redeploy technology pieces to add immediate value to the business. The group will also continue Overture Research’s tradition of academic collaboration and scientific contribution through publication, academic workshops and conferences, and participating in the larger research community. It will continue to engage academic partners to evaluate and capitalize on emerging trends in university research.

Dr. Flake joined Yahoo! with the acquisition of Overture in 2003. Prior to joining Overture, he was a research scientist at NEC Research Institute and the leader of its web data-mining program. Flake, who earned his Ph.D. in computer science from the University of Maryland, College Park, wrote the award-winning textbook The Computational Beauty of Nature.

About Yahoo!

Yahoo! Inc. is a leading provider of comprehensive online products and services to consumers and businesses worldwide. Yahoo! is the No. 1 Internet brand globally and the most trafficked Internet destination worldwide. Headquartered in Sunnyvale, Calif., Yahoo!’s global network includes 25 world properties and is available in 13 languages.

Yahoo! and the Yahoo! logo are registered trademarks of Yahoo! Inc. All other names are trademarks and/or registered trademarks of their respective owners.

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