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.
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.
alt.misc
- 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!
- Happy Birthday Monty Python …
… you vacuous, toffee-nosed, malodorous perverts
- ‘You are being shagged by a rare parrot’
Stephen Fry and zoologist Mark Carwardine meet the kakapo — a fat, flightless and very randy rare parrot.
- A Spectacular Cover of “Let It Be”
Spectacular in the bellowing Russian sailor sense of the word …
- Protect Insurance Companies PSA
“If you spell something wrong on your insurance claim, do you really deserve surgery? I don’t think so …”
