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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.
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