The plan was initially presented to the company’s board in December of 2007, before the $44.6 billion takeover bid from Microsoft and the quick economic decline of the last few months.

Yahoo’s plan sees the company almost doubling operating cash flow from $1.9 billion to $3.7 billion by 2010, and growing revenue, excluding affiliate payments, to $8.8 billion.

Experts say the question is how precise is the plan?

In an editorial blog, ZDNet editor in chief Larry Dignan says the discharge of the information is an attempt by the company to make the case for sustained operation independent of Microsoft, or at least get Microsoft to elevate the price of its offer.

According to the plan, Yahoo! is on target to report revenue of $5.6 billion for 2008.

Yahoo! shares rose more than 4 percent to $27 in premarket trading on the Nasdaq Tuesday.

In what may possibly be noted as its most audacious acquisition move to date, Microsoft offered $31 per share for Yahoo, or a 62 percent premium over the Internet media company’s closing stock price on NASDAQ Thursday.

Yahoo, who said it would assess the bid, shares jumped to $30.75 in pre-market trading, while Microsoft shares, which have a market capitalization of about $300 billion, fell six percent to $30.78.

According to reports, Steve Ballmer, Microsoft’s CEO, says that after 18 months of talks with Yahoo, this bid marks “the next major milestone” for Microsoft and that he is very positive that this is the right course for both Yahoo and the software giant.

Conjecture over a Microsoft move on Yahoo has circulated for at least a year, as investors speculated whether the two would collaboration in opposition to a constantly more dominant Google.

Internet audience researcher comScore has estimated by that Google’s share of the worldwide Web search market has attained 77 percent, while Yahoo is second with 16 percent and Microsoft was a far-away third with 3.7 percent.