Letters to the Editor
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Umm...math is hard?
$23.02 is about 20% lower than Friday's closing price, not 5%.
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Bad Math
He probably meant 5 points, unless he's REALLY bad at math
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Thanks for your kind corrections
Especially for refraining from the snark, always appreciated. $5, 20 percent. Fixed.
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Is Yahoo in trouble?
I'm not sure I understand something. I don't follow this stuff that closely, but does Yahoo (sorry, Yahoo!) need to be bought? I can understand an employee's disappointment that the stock's quoted price isn't going up to $33, but do Yahoo!'s employee's really want to become Microsoft employees? I don't know what Yahoo!'s employee stock ownership/option deals are, but unless you're planning on leaving the company, lusting after a $33 buyout seems a little short-sighted.
Can anyone elucidate?
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yahoo and google
does make more sense; you're right, yahoo search is useless. i like yahoo mail, though.
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This is why smart people don't tie up their wealth in their employer's stock
Think about it. If your savings are in your employer's stock, and your company hits hard times, you lose both your income and your savings. Diversify. If you're taking advantage of a stock purchase program, cash out as frequently as permitted.
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Cutting off your nose to spite your face
A deal with Google is suspect because it wipes out Yahoo's future in search and advertising, which is why MSFT or anyone else would want to buy them in the first place, and it's not going to replace the 20-25B in shareholder value they just passed on. Why abandon or, essentially give it away for relative pennies to Google, your technology when MSFT was willing to pay a ridiculous 70% premium to buy it? Also, I'd imagine that there would be potential Antitrust issues as well.
What was telling to me in the NY Times article was when MSFT and Yahoo met, Yang made a big show of telling Ballmer (sp?) that their offer wasn't good enough but when Ballmer asked him what would be an "acceptable" offer, Yang refused to give him an answer. That's childish behavior at that level.
Now, Yahoo's in a position were they can watch their stock and the value of their company drop and be faced wither either a lowball new offer from MSFT or a "sweetheart deal" with Google which guts their core business.
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Yahoo branding
Yahoo will become a brand of Google. The glittery front end that brings all the consumers into Google. Underneath, Yahoo will go away and won't even be assimilated into the Googleplex. What? Do you think Facebook is a technology company? No, it's a brand. Yahoo has the shopfronts, the vendor relationships, the soft fuzzy user experience. Google is the faceless soulless machine.
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It used to be
Not so long ago, Yahoo! meant something, now people are all down on the company because they want to stick it out. They are still the number 2 search engine, and the number one portal. So the advertising revenue isn't as good as Google, what's the big deal? Yahoo! is still profitable, they still have a great brand, and you know what, the search engine isn't all that much worse than Google's. Before everyone get's all down on Yahoo!, maybe they should take another look at the company, and try switching their default provider in their browser to Yahoo! and see if they even notice a difference. I know I do, and it means equal results and a better interface.
Jerry, there's at least one person out there who thinks you did the right thing, keep on at it. Your challenge isn't to find revenue, it's to motivate all those Yahoo's to *KNOW* why they are better than Microsoft, and why they could be better than Google, the entire company just needs to step up.
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A mixed blessing for the employees
On the one hand, their stock holdings are down, and likely to stay there for a while. On the other hand, they still have jobs; if Microsoft had taken over, a lot of them probably would have been fired. And of the ones who stayed, some would have had to eventually leave when their technical skills became useless, as Microsoft would surely have tried to convert the Yahoo properties from their open-source base to a Microsoft one.
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btw...
as of this writing, YHOO is almost back to where it was last Tuesday.