Yahoo’s Got Leggs, Knows How to Use Them
Yahoo’s latest broadside against the “Microsoft-Icahn agenda” has struck a chord with a key investor: Legg Mason Capital Management. The firm on Friday threw its support behind Yahoo, saying it will vote its 4.4 percent stake in Yahoo (60.7 million shares) against the slate of dissident directors presented by investor-agitator Carl Icahn.
Do I Hear $32 Per Share? Sold to the Software Giant in Row 3!
Much as Yahoo’s second largest shareholder, investment firm Legg Mason, may view Microsoft’s threatening letter as a boorish tactical blunder, the company seems willing to back its proposed takeover of the company at the right price.
Wednesday, February 13, 2008
Did I Already Mention Yahoo’s Entire 10-Member Board Is Up for Re-Election This Year?
If Microsoft is serious about acquiring Yahoo, it would be wise to push the hostile-offer boat out just a little bit further. That’s the advice of Bill Miller, money manager for Legg Mason Capital Management, Yahoo’s second-largest institutional shareholder.
In a letter to investors, Miller said Legg Mason estimates Yahoo’s value to be in the [...]
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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 »
Ethics Statement
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.
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- The Muppets: Bohemian Rhapsody
Best use of the Beeker “meee” ever.
- Has Bell Invented the “Telegraph Killer”?
While the technology behind the Telephone is new, the design is reassuringly old-fashioned, reminiscent of a phrenologist’s horn or ear-candle in form. We found the experience far more comfortable than the one we had with the Telegraph.
- Godzilla’s Food, Exercise, and Dream Diary
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. - Scenes From An Alternate Universe Where The Beatles Accepted Lorne Michaels’ Generous Offer
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.
- The Golden Age of Video
Best video mashup ever.
- I’m not dead yet
A Facebook Memorial
- Pulp Fiction Audio Mix
Wow.
- A world without the Internet
Worth it for the Rickrolling photo alone.
- Google Wave Cinema: Pulp Fiction
Excellent.
- Dead Fly Art
Flughumor!
