mig
Premium,MVM
join:2000-10-26
Anytown, USA
clubs: 
| Re: Whom is undesirable to whom? 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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