|
Yahoo! has lost a lot in recent times and the offer from Microsoft appears to spook Yahoo. It was clear to people that the Yahoo CEO didn't sell to MS because of personal egotism and that he didn't have a better offer for Yahoo. Yahoo should have seen it coming four to quarters ago as Google has been consolidating its position slowly. Google didn't reach its position of pre-eminence overnight. It climbed there slowly. Yahoo's problems aren't going away all of a sudden right now. They have spurned MS and then Icahn is hell-bent on throwing out the Yahoo board and then there are other shareholders who want MS to open other offers. MS made a new alternative offer to buy Yahoo's search business but talks broke down last week. It is clear that selling off search would weaken Yahoo but Yahoo should find good and sound ways to survive in the business.
|
$22.49 (06/19/08)
