Yahoo! (Nasdaq: YHOO) is the number-one destination of users of the Internet the world over. With over 110 million unique users and 485 million average daily page views during December 1999, Yahoo! has clearly proven its ability to attract Web users like moths to light. With Yahoo!'s customizable services available in the U.S. and in 21 countries in 12 languages, Yahoo! users worldwide can pay their bills, track their stock portfolios, purchase virtually any product imaginable, and find a host of other services all within the virtual borders of the prime Internet real estate that is Yahoo.com. Yahoo! continues to add services and features, all of which should result in keeping those users coming back for repeat visits and extending the time they spend online in Yahoo! Web properties. Can Yahoo! convert this amazing web traffic into revenues? As Tim Koogle, CEO of Yahoo! succinctly puts it: "Dollars always follow eyeballs!" But will there be enough to satisfy Yahoo! investors? At a recent market capitalization of nearly $80 billion, Yahoo! investors are paying over 1,500 times 1999 earnings for their shares. Zeke Ashton ponders Yahoo!'s past, present, and future in the search for answers, and will continue to update Yahoo! shareholders and interested investors on what is sure to be a wild ride into the new millennium.