After enjoying a few brief months of hostile-bid-inspired investor enthusiasm, Yahoo’s share price has resumed the steady decline it’s been charting for some time now.Yahoo closed at $18.75 today. Not only is that the stock’s lowest level in five years, it’s well below the $19.18 it was worth on Jan. 31, the day before Microsoft (MSFT) announced its $31-per-share offer for the company. Funny now to think that Yahoo’s (YHOO) directors argued that that figure “massively undervalued” the company. Funnier still to think that at points during discussions, the Web’s perennial underachiever believed itself to be worth $40 a share.
yahoo didn’t want to sell to micrsooft, plain and simple. the board had to make up some lame reason, that board should all be fired…in a way they are, the stock will continue to decline as investors vote with their feet, walking away from a no-upside stock that won’t accept a buyout, isn’t growing fast, and has lost the web war to google
whats the matter with the stock price of yahoo since they spurned msn buyout? the price is approaching half of offered value. wheres the bright ideas of yahoo that will return value?
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
12:58 AM: Breakfast: Two schools of fish from Tokyo Bay. Calories: 782,000. How I was feeling when I ate this: confused, irradiated, hating my size. 11:37 AM: Exercise: “Taxi Stomp” (alternating legs, for 30 blocks). Calories burned: 148,900,183.
1983. The Beatles announce their first tour in thirteen years, but likewise announce that Michael Jackson will be going on tour with them as a one gigantic mega-concert event.
After enjoying a few brief months of hostile-bid-inspired investor enthusiasm, Yahoo’s share price has resumed the steady decline it’s been charting for some time now.Yahoo closed at $18.75 today. Not only is that the stock’s lowest level in five years, it’s well below the $19.18 it was worth on Jan. 31, the day before Microsoft (MSFT) announced its $31-per-share offer for the company. Funny now to think that Yahoo’s (YHOO) directors argued that that figure “massively undervalued” the company. Funnier still to think that at points during discussions, the Web’s perennial underachiever believed itself to be worth $40 a share. 
Comments
yahoo didn’t want to sell to micrsooft, plain and simple. the board had to make up some lame reason, that board should all be fired…in a way they are, the stock will continue to decline as investors vote with their feet, walking away from a no-upside stock that won’t accept a buyout, isn’t growing fast, and has lost the web war to google
Posted by Sam Harrison at September 2nd, 2008 at 4:32 pmwhats the matter with the stock price of yahoo since they spurned msn buyout? the price is approaching half of offered value. wheres the bright ideas of yahoo that will return value?
Posted by stephen chaisson at September 2nd, 2008 at 5:05 pm