Comments on: Microsoft Walks Away from the Yahoo Deal http://jeremy.linuxquestions.org/2008/05/05/microsoft-walks-away-from-the-yahoo-deal/ Open Source > Linux > LQ Fri, 24 Jul 2009 01:02:52 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: jeremy http://jeremy.linuxquestions.org/2008/05/05/microsoft-walks-away-from-the-yahoo-deal/comment-page-1/#comment-1842 jeremy Mon, 05 May 2008 20:35:25 +0000 http://jeremy.linuxquestions.org/?p=1010#comment-1842 The final numbers for the day: YHOO : 24.37 -4.30 (-15.00%) MSFT : 29.08 -0.16 (-0.55%) --jeremy The final numbers for the day:

YHOO : 24.37 -4.30 (-15.00%)
MSFT : 29.08 -0.16 (-0.55%)

–jeremy

]]> By: jeremy http://jeremy.linuxquestions.org/2008/05/05/microsoft-walks-away-from-the-yahoo-deal/comment-page-1/#comment-1840 jeremy Mon, 05 May 2008 18:10:58 +0000 http://jeremy.linuxquestions.org/?p=1010#comment-1840 Two notes: * The more I think about this, the more I think a shareholder lawsuit of some sort was almost inevitable from the beginning. If the deal had gone through at say $36 or so it would simply have been on the MSFT side instead of the YHOO side like it will likely be now. * I think the best quote I've seen so far goes to Bill Morrison, Think Equity: "In what may likely to go down as one of the more destructive decisions for shareholder value in the history of Internet stocks... To say we are disappointed is an understatement - dispirited is more like it." On a list that includes Webvan. Pets.com, Kozmo.com, Flooz, eToys, etc. this shouldn't even register a blip. It's certainly possible that Yahoo will not deliver moving forward, but it's certainly possible that they will. Let's not be so quick to overreact here. Also interesting to note that while the NASDAQ is slightly down since my last post, YHOO is actually very slightly up (although still down almost 11% on the day). --jeremy Two notes:

* The more I think about this, the more I think a shareholder lawsuit of some sort was almost inevitable from the beginning. If the deal had gone through at say $36 or so it would simply have been on the MSFT side instead of the YHOO side like it will likely be now.

* I think the best quote I’ve seen so far goes to Bill Morrison, Think Equity: “In what may likely to go down as one of the more destructive decisions for shareholder value in the history of Internet stocks… To say we are disappointed is an understatement – dispirited is more like it.”
On a list that includes Webvan. Pets.com, Kozmo.com, Flooz, eToys, etc. this shouldn’t even register a blip. It’s certainly possible that Yahoo will not deliver moving forward, but it’s certainly possible that they will. Let’s not be so quick to overreact here.

Also interesting to note that while the NASDAQ is slightly down since my last post, YHOO is actually very slightly up (although still down almost 11% on the day).

–jeremy

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