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April 8, 2008

Reason # 7,732 Why Yahoo Management is Delusional

Here is Reason #7,732 why Yahoo management is delusional, just in case you needed it:

Yahoo Inc. Chairman Roy Bostock said the Internet company's plan to grow on its own received a "very positive'' response from investors, countering reports that they would prefer a takeover by Microsoft Corp.

"The feedback that we got from the roadshow and from our investors certainly helps inform the positions that we have taken and will take in the future,'' Bostock said today in an interview in Purchase, New York.

Translation: Smart investors told Bostock that if any idiot investors bought into his and Jerry's line of patter about organic growth and the stock soars before the Microsoft deal closes, they'll happily hang on for the ride.

[via Bloomberg]

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