I'm really surprised to see you on the side of the "greedy bastards..."
Or is just any side but my side? Either way, I'm shocked!
Jay
I don't consider them greedy bastards. They founded the company, did all the heavy lifting to make it work. It was Yang and his partner's decision as to whether to sell or not. They made the call. I would not sell a company I put my life into to Microsoft, unless I could get what I felt the potential worth was.
I have just not been a big fan of the Microsoft acquisition from the get go. Yahoo is a solid company in its own right and is more likely to provide good technology innovation, long term value for its stockholders and benefit the internet community much better as a standalone company. If it gets absorbed my Microsoft its technology will be stifled and it will become just another of the myriad of Microsoft products that come and go.
Right now it has a good revenue stream from advertising, good click through features for many internet users and is able to control its destiny.
I have owned MSFT since December 1987 when they payed me a very nice bonus in stock for contract consulting work. I have had about 4000 billable hours with them over the past two decades and know what they do when they M&A companies. Seldom does the acquired company get the benefit of innovation after the acquisition.
As for the shareholders revolting, I am sure some are but they hired Yang as CEO to make the best decisions for them. If they don't like the decisions, they might just have to wait and try and oust him at the next stockholders meeting. But I would imagine he and the rest of the board [which all rejected the MSFT offer] hold enough stock to fight a internal coup.
Vehicle: PM me to Join the Expat Muslims for Obama Club........
Location: Jakarta, Indonesia
Posts: 9,165
Quote:
Originally Posted by QBNCGAR
MSFT has very, very deep pockets. They have tons of "great" developers. Yahoo doesn't need to be rescued. So what's the play?
Yahoo have something MSFT wants (intellectual capital), and it's worth more than MSFT was willing to offer. For now.
Google is very aware of this as well and after reading the full article on post 47 then I would expect that contract between Google and MS to be iron-clad from Google's side. No way did Google want Yahoo to go over to the dark side so they played "throw a dog a bone" to keep Yahoo alive and just out of reach of MS. Smart move and when you talk about very, very deep pockets look no further than Google. When was the last time with companies this large that you remember that a rival came to the rescue and stopped another from a potential buyout by a 3rd?
I predict that Ballmer and Murdoch will hook up in the near future, if MSFT's board will allow it. Now that would be a marriage made in corporate heaven!
I predict that Ballmer and Murdoch will hook up in the near future, if MSFT's board will allow it. Now that would be a marriage made in corporate heaven!
Microsoft already has strong media ties to GE and NBC [hence MSNBC]. The only potential mix would be with MySpace. It would give MSFT a good portal but doesn't have the same revenue stream that someone like Yahoo has. FI only made about $10M Profit last year on $500M Revenue. It might grow but so are its competitors and there are only so many people willing to post up their lives on the web.
Vehicle: PM me to Join the Expat Muslims for Obama Club........
Location: Jakarta, Indonesia
Posts: 9,165
2nd thoughts..............
Monday was a rough day for Yahoo, with shares plunging 15% in the wake of the weekend collapse of merger talks with Microsoft. Yahoo’s President, Sue Decker, sat down with me in San Francisco and recounted her version of events during the 3-month takeover battle. She reiterated what looks to be a key Yahoo theme: Jerry Yang & Co. never received written confirmation of Microsoft’s $33 raised bid.
This is an echo of comments made by Yahoo sources over the weekend (including those to the Wall Street Journal and CNBC). In addition, when I asked Decker which shareholders support the Board’s decision to hold firm at $37, she referred back to the original formal bid: "The work our Board did was to go around and talk to shareholders at the price Microsoft offered in writing, which was $31 a share."
Decker said that the deal wouldn't necessarily have been done at $37 a share, either. "Price was not the only factor," said Decker. But she added that the two companies never were able to address important questions around culture and vision because they couldn't get past the price.
As for shareholders and employees themselves having trouble getting past the plunge in Yahoo shares Monday, Decker urges patience. "We will deliver much more value than what was on the table," she said.
Several little notes on this link about the MS/Yahoo failed buyout but it seems Jerry is still willing to talk............
Following the collapse of the MSFT-YHOO talks this weekend, Yahoo CEO Jerry Yang late today told select reporters he’s still open to a deal. "If they have anything new to say, we would be open…I am more than willing to listen," Yang told Reuters.
Yang made similar "they (Microsoft) chose to walk away" comments to the New York Times.
Monday was a rough day for Yahoo, with shares plunging 15% in the wake of the weekend collapse of merger talks with Microsoft. Yahoo’s President, Sue Decker, sat down with me in San Francisco and recounted her version of events during the 3-month takeover battle. She reiterated what looks to be a key Yahoo theme: Jerry Yang & Co. never received written confirmation of Microsoft’s $33 raised bid.
This is an echo of comments made by Yahoo sources over the weekend (including those to the Wall Street Journal and CNBC). In addition, when I asked Decker which shareholders support the Board’s decision to hold firm at $37, she referred back to the original formal bid: "The work our Board did was to go around and talk to shareholders at the price Microsoft offered in writing, which was $31 a share."
Decker said that the deal wouldn't necessarily have been done at $37 a share, either. "Price was not the only factor," said Decker. But she added that the two companies never were able to address important questions around culture and vision because they couldn't get past the price.
As for shareholders and employees themselves having trouble getting past the plunge in Yahoo shares Monday, Decker urges patience. "We will deliver much more value than what was on the table," she said.
Several little notes on this link about the MS/Yahoo failed buyout but it seems Jerry is still willing to talk............
Following the collapse of the MSFT-YHOO talks this weekend, Yahoo CEO Jerry Yang late today told select reporters he’s still open to a deal. "If they have anything new to say, we would be open…I am more than willing to listen," Yang told Reuters.
Yang made similar "they (Microsoft) chose to walk away" comments to the New York Times.
Sounds like a lot of CYA talk to me! We will see what happens over the next few weeks and whether either of them still have a job...
I think MSFT may actually be employing the "crocodile maneuver." This is how one analyst described it: "Instead of trying to swallow Yahoo while it's still thrashing about, you let the stock drop and let the shareholders get good and nervous. In essence, you drag Yahoo to the bottom of the river, stick it under a rock and eat it later, when it's cold and soft."
Linear Mode
