yahoo is no longer yang’s baby. the seconcd he went public, the company belongs to shareholders. yang really screwed up this one bad. they will never reach ~$37 again. personally, i own about 1000 yahoo shares. i’ve sold half of them right after this news and will wait for MS’ next move.
Yang is like Hellary Clinton; if he can’t HAVE the ‘gravy boat’ then NO ONE can have it. It’s small, ignorant minds like these, that put us all in peril, one way or another. Yang has destroyed shareholder value, but he doesn’t care…the Board insures he’s OVER-COMPENSATED, just like the idiots on his , well I was going to say management team, but we all KNOW there is no management. Mind you, Ballmer is NO PRIZE, either, but he would have put cash value in shareholder pockets.
I think it a merger that still has to happen. If it doesn’t in ten years when Google is the overwhelming monopoly people will look back on this decision as being about as monumentally bad as the company said no to IBM and launched Microsoft into the Operating System market years ago.
“Yahoo’s decision is all about corporate culture, not about money. The heads at Yahoo are smart enough to know that Microsoft would destroy their vision.
To Mr. Wang, protecting his idea, his baby, is priceless. I believe that Yahoo knows better than the shareholders regarding this subject, eventhough Yahoo will pay dearly for its decision to reject Microsoft’s offer.”
Posted By wj, New York, NY : May 5, 2008 1:01 pm
I completely agree. Rarely can you find a CEO that cares so much for his company and his employees. He has gone to bat for them, and he should be thanked, but yet the opposite is happening.
I don’t think that Yahoo! has the greatest search engine, but Microsoft has no idea how to run search either. I don’t get how two wrongs make a right.
I couldn’t say if Yahoo! rejecting MS is good or bad for Yahoo. But I am sure that buying Yahoo! would be good for MS.
I am pretty sure it would not be good for anyone else as Microsoft already controls more of the computer market then can possible be good for anyone but Microsoft.
Huge conglomerate (actual or semi) monopolies are great for the stock market, share holders, and profits of the companies involved. And I do expect that Yahoo! share holders have a gripe on turning down the deal. But I am still glad it happened, and am rooting for Wang holding out for his vision rather then money.
I think they are crazy not to take the offer. If I was a major shareholder I would be looking for blood on this decision. Who else is going to put that kind of money on the table?
I think your article was right on track and I think Yahoo will eventually end as part of Microsoft, and for a much cheaper price. They’ve proven they can’t really compete and when you have to turn to your largest competitor for help (Google ad search) in the space you use to occupy as #1 isn’t that the signal that it’s time to call it a day.
Yahoo’s decision is all about corporate culture, not about money. The heads at Yahoo are smart enough to know that Microsoft would destroy their vision.
To Mr. Wang, protecting his idea, his baby, is priceless. I believe that Yahoo knows better than the shareholders regarding this subject, eventhough Yahoo will pay dearly for its decision to reject Microsoft’s offer.
So someone walks into your company and offers you 47B when your business has been struggling to keep pace in your industry… and you say no?!?
Mental response to a perfect exit strategy. Go out on top and all that.
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What’s Microsoft’s alternative ?? They’ve shown they have nothing in the pipeline that would let them make the leap to the internet that Gates predicted years ago was Microsoft’s future. In the end, Microsoft needs Yahoo more so than the other way around. Continuing deterioration of Yahoo’s internet presence and lack of committment to technological upgrading may create a “bargain” deal for Microsoft. But if another 5 years is tossed away, then what ?!? : Microsoft is the “winner” for getting a rock bottom price, and Jerry Wang is the “loser” for not cashing in at a never-to-reached again premium.