Storms on Yahoo!
The search engine has been
copiously Chanute Monday at the
New York Stock Exchange,
dropping without surprise of
13.25% (24.37 dollars), while
shareholders of the company
grandest against CEO Jerry Yang
accused of Having been too
greedy face of the bid from
Microsoft.
After courted for three months,
Microsoft, the worldwide leader
in software, withdrew this
weekend its offer to the refusal
of Yahoo! which deemed the price
too low. Microsoft had raised its
offer to 33 dollars per share,
but the leaders of Yahoo! did
not want to fall below 37
dollars.
Yahoo! announced Monday evening
that the annual meeting of its
shareholders would be held on
July 3. It looks very rough and
very dangerous for Jerry Yang
will face the wrath of several
major shareholders of the group
who said they were disappointed
by the failure of negotiations
with Microsoft, and suggest that
they have accepted a takeover or
to 34 $ 35 per share.
A battle staff
anti-Microsoft, according to
shareholders
In an interview Sunday at the
New York Times, Bill Miller,
manager at Legg Mason, 2nd
shareholder of Yahoo! with 7% of
the capital, stressed that "if
there had been a firm offer of
34 or 35 dollars, we would have
watched." Other shareholders are
still more claims: Yahoo! is
facing seven complaints filed
after its initial rejection of
the offer by Microsoft in
February.
Small shareholders also to blame
Jerry Yang have conducted a
combat anti-Microsoft personnel
regardless of their interests.
"I do not think Jerry Yang,
founder, emotionally attached to
the group, really trying my best
interest of shareholders,"
commented in the press Darren
Chervitz, codirigeant Jacob
Internet Fund, which holds
150,000 shares Yahoo!. "I do not
think Yahoo! can offer anything
that is comparable with the
supply of Microsoft. "
And if Microsoft was
returning to the charge?
Jerry Yang must now prove to its
shareholders that it can recover
the group and its progress in
remaining independent, although
it continues to lose ground
against the big rival Google. It
should soon announce an
initiative shock quickly, as a
commercial agreement with
Google, or even an alliance with
AOL, a subsidiary of Time
Warner, according to analysts.
A final option would be that
Microsoft represents the bid,
thanks to the frond of
shareholders. A portion of the
market parfait on this figure,
limiting the fall of title
Monday.
