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Foolishness »
« Why Turn Down Free Money?  
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C DM

join:2002-12-31
reply to TwoCpus4me
Re: Yahoo in the dumps

"mostly-replaceable IT staff"? I guess empty rhetoric often beats facts and and reality when it comes to moot discussions.


TKJunkMail
Enjoy the sun
Premium
join:2002-03-03
Avalon, NJ
·Sprint Mobile Broa..
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reply to TwoCpus4me
Yang sent an email to the troops to rally them. I would be more impressed if he had sent an email where sentences began with capital letters instead of the type of email message that would be sent by some of the current crop of illiterate teenagers. Maybe he thinks he is e.e.cummings reincarnated instead of the CEO of a major corporation.

Here is the email he sent:
»www.news.com/8301-10784_3-993563···1_3-0-20
From: jerry yang
To: [Yahoo Employees]
Sent: Sat May 03 19:26 2008
Subject: today's news

yahoos,

today microsoft announced that it has withdrawn its proposal to acquire yahoo!. from the beginning of this process, our independent board and leadership team have maintained that microsoft's offer undervalues the company, and we're pleased that many of our shareholders agreed with us. our board and leadership team now remain focused on maximizing shareholder value and pursuing strategic opportunities that position us for success and leadership in our markets.

of course, we anticipate that microsoft's announcement will draw media attention and speculation as to what happens next for yahoo!. that means the spotlight will be on us - just as it has been for the past three months. i'm incredibly proud of how we've performed under such scrutiny, with last quarter's great financial results as a testament to everyone's hard work and focus. just as we did last quarter, now is the time for us to shine and show what we're made of.

with the distraction of microsoft's unsolicited proposal behind us, we must redouble our efforts. we should focus our energies on continuing to execute the most important transition in our history. how will we do this? by executing against the strategies and priorities we already have in place, and by continuing to deliver indispensable experiences for our communities of users, advertisers, publishers and developers.

in the end, it all comes back to who we are as a company. we have a spirit and a culture that is uniquely yahoo! - and we can't forget that. staying true to who we are has helped us pull through the recent uncertainty we've faced, and will continue to be an asset as we move ahead. there's a reason why we're the only fortune 500 company with an exclamation point at the end of our name, and now is the time to demonstrate what that exclamation point stands for.

over the next several weeks, sue and i plan to visit as many offices as we can to thank you in-person for everything you've done and continue to do for yahoo!. we hope you're as excited as we are about the future that lies ahead for all of us -- together as one yahoo!.

jerry

--
My BLOG .. .. Internet News .. .. My Web Page

EPS

join:2008-02-13
Hingham, MA

reply to TwoCpus4me
said by TwoCpus4me See Profile :

They just got offered 4,700 million dollars for a room full of computers and a bunch of mostly-replaceable IT staff.
You're missing an obvious asset here, the #1 most viewed website on the internet. Yahoo's main problem with that is monetizing that... but would the folks who brought you MSN really show them the way?


TwoCpus4me

join:2003-10-16

reply to stevephl
They just got offered 4,700 million dollars for a room full of computers and a bunch of mostly-replaceable IT staff.

They should have taken the offer to the bank, but the arrogance of playing traditional capitalism chess with the employee's futures was too fun for Yang.

They will absolutely regret this move and will likely never see an offer half as good, if they don't implode first.
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