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The withdrawal leaves Microsoft Yahoo! in full storm

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.













 

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