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TKJunkMail
Enjoy the sun
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| Re: Whom is undesirable to whom? said by ShadowMastr  :Gee.... poor Yahoo...... what are they gonna do now that Microsoft tells them they are no longer wanted...... think they'll run to Microsoft begging for forgiveness and to be bought after all?? Hardly... it's more a case of them making moves purposefully towards making themselves unpalatable to being gobbled up by a more voracious predator..... Seems to be working out well for Yahoo so far..... lessee what the lumbering behemoth can come up for a plan B...... The Wall St Journal has some ideas on what might happen:
»news.google.com/news?as_q=Micros···oq=wall+
Even after backing away Saturday, Microsoft could still eventually end up buying Yahoo. If Yahoo's share price plummets, shareholders could direct their anger at Yahoo's board. Already several shareholders have sued the company over its rejection of the Microsoft bid.
Mr. Ballmer's letter appeared intentionally crafted to spell out to shareholders how hard Microsoft worked -- and the amount it boosted its bid -- to entice Yahoo's board to enter a deal. That is a typical tactic for a would-be acquirer hoping to spur shareholder activism and one followed by Oracle Corp. last year in its bid for BEA Systems Inc. After BEA rejected Oracle's offer, Oracle withdrew its bit and its executives took great pains to spell out the effort they made to convince BEA to enter a deal. Shareholder pressure early this year forced BEA into Oracle's arms.
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mig
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| Actually, it won't be working out so well for Yahoo. Their share price was $19.18 on Jan 31. The following day they closed at $28.38 after the MS offer (a 48% increase).
In the 3 months since, Yahoo's board has tried everything to get that share price to $41.00. It won't work. They couldn't get AT&T, News Corp, Time Warner, or any others to get involved to boost MS offer.
No need for MS to get into a proxy fight now. Wait until the opening bell tomorrow. Their price should drop back to about $15-20 a share in the next month. Don't be surprised to see it close around $23 on Monday. And guess who'll be right there to be buying those shares up? It won't be Yahoo.
I'm not a huge MS fan, but my goodness, what in the world is Jerry Yang and Yahoo's board thinking? Zero growth, a P/E in the upper 30's. A huge miscalculation, especially for Yahoo shareholders.
Still think MS gets them eventually - and maybe less than $31 a share too. | |
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Jim Gurd
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| Re: Whom is undesirable to whom? said by mig :No need for MS to get into a proxy fight now. Wait until the opening bell tomorrow. Their price should drop back to about $15-20 a share in the next month. Don't be surprised to see it close around $23 on Monday. And guess who'll be right there to be buying those shares up? It won't be Yahoo. Still think MS gets them eventually - and maybe less than $31 a share too. I think that's exactly what's going to happen. Microsoft will wait for Yahoo stock to plunge and then start accumulating it at a bargain price. Eventually they will have a controlling interest and be able to do whatever they want.
Personally I think Microsoft is foolish for even looking at Yahoo. It really offers them nothing that they can't do on their own. Yahoo is an also ran in the search engine category just like MSN Live is. Google is King and Microsoft buying Yahoo will do nothing to change that.
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Kill The Socialists
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join:2001-03-19 | ballmer needs to go all larry ellison on yahoo's ass | |
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