Additionally, the company is committed to returning capital to its shareholders. Mayer had announced in the past that all proceeds of the Alibaba sale would be returned to shareholders. In Q4, Yahoo! had already spent $1.5 billion of those funds buying roughly 80 million YHOO shares. Since the company doesn't give dividends and has already effectively utilized its buyback strategy, it's safe to assume the remaining $1.5 billion or so will be spent the same way - through share buybacks, as opposed to initiating a dividend or even issuing a special dividend as some had hoped. This is a real disappointment for stockholders....as for me I have a sell at $25.