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Raise Sink the Yangtanic

by John Paczkowski
Posted on November 7, 2008 at 9:15 AM PT

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To this day, I believe the best thing for Microsoft to do is to buy Yahoo.”

– Yahoo CEO Jerry Yang, yesterday

Shares of Yahoo are slipping deep into the mud today after Microsoft CEO Steve Ballmer very publicly dismissed suggestions that the company might “revisit a possible acquisition” of the much diminished Internet portal. Yahoo (YHOO) is trading at well below $12–$11.86–as I write this, having plummeted nearly 15 percent on Ballmer’s remarks.


What an ugly, ugly day for Yahoo and its leadership. At $11.86, the company is, once again, trading at well below replacement value. And to think, Yahoo CEO Jerry Yang once claimed Microsoft’s (MSFT) $31-per-share offer for his company “massively undervalued” it.

To this day, I believe the best thing for Microsoft to do is to buy Yahoo.

Sure, you say that now Jerry …

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  • Mike Kane
    He also claimed in Kara's interview that he's proud that "he accomplished most, if not all, of what he set out to do" I guess someone needs to ask him what exactly it was that he set out to do? If $31 "massively undervalued" the company, then please let Yang know that I have a whole bunch of shares that I'd love to sell him at the deep discounted price of $31 a share.
  • Sam Harrison
    microsoft's offer was the last hurrah for yahoo

    now it's just drifting without a rotor
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About John

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 »

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