« Speaking of Market Tops ... Sprott | Main | Housing Starts Plunge Up and Down. More at 11. »

Latest Stories

May 15, 2008

Yahoo: Yang Disease is Spreading

Apparently Yang Disease is spreading at Yahoo. Recall, this is a company that seemingly thinks that, despite being a struggling outfit presented with a 70% price premium over its then trading price,  it is the one that gets to set the terms of the takeover discussion.

The latest evidence , Yahoo's chair Bostock has joined the anti-acquisition fray tonight with a meandering and illogical letter that repeats all sorts of silly claims, like that Yahoo didn't know it had been offered $33 by Microsoft; that it gets to set the terms; that Microsoft didn't respond in a timely way; that Yahoo's board has handled this appropriately, etc.

Sheer madness.

Sphere It   |  Digg this! Digg it   |  Bookmark this! Bookmark it   |  Stumble It! Stumble it