Billionaire investor Carl Icahn is considering launching a proxy fight at Yahoo Inc

[CommonDavid]

Interesting:

http://biz.yahoo.com/ap/080513/yahoo_mover.html?.v=1

[Stealer]

Thanks for this interesting news article.

[dopiitv]

that company is a mess lol

[Stealer]

I think Yahoo deserves it after getting offered so much per share when there shares are currently doing so horrible! :(

CM

[movidalatina]

unbelievable how incompetent "Y" is.
and the disregard for the shareholders :-/
2 out of 10 things work over there..lol
flickr and yahoo mail are the only things that
work, search engine sucks,YPN sucks, mash sucks.......

[hexinator]

and now it's gonna sell cheaper than Microsoft first offered.

[wisdomtool]

Not that easy Yang is also buying up Yahoo shares, I guess Carl will have to force a proxy vote and rely on other independent share holders to take down the current board.

[Stealer]

I think the share holders will take Yahoo out, bad management.

CM

[CommonDavid]

Honestly, Yahoo wouldn't be hurt from some new management.

They've got a lot of good things going, but it seems like almost every project ends up being mismanaged or cut short.

[peepin2me]

Good for Y! if it works out

[hospitaleracha]

I always forget that yahoo still exists, thank you for reminding me ;-) SY

[julien_santini]

All of this is not good news for us though ... with so much consolidation around our bargaining power is shrinking by the day.

[CommonDavid]

Crazy!

Icahn sends letter to Yahoo, plans proxy battle
Thursday May 15, 9:38 am ET
Icahn says in letter to Yahoo board he will launch proxy fight, nominate 10 directors

NEW YORK (AP) -- Billionaire activist investor Carl Icahn has confirmed he is launching a proxy battle to remove Yahoo's board of directors.

In a letter to Yahoo Chairman Roy Bostock, Icahn said he is nominating 10 directors, including himself, following the Sunnyvale, Calif.-based company's "irrational" actions toward Microsoft's takeover bid.

Search engine giant Yahoo is on the hot seat for rejecting Microsoft's initial bid of $44.6 billion, or $31 per share, and taking measures that finally drove away the software maker. Icahn reportedly has spent more than $1 billion to acquire about 50 million Yahoo shares -- a stake of about 3.6 percent -- in order to turn up the heat on Yahoo's board.



http://biz.yahoo.com/ap/080515/yahoo_icahn.html?.v=5 (http://biz.yahoo.com/ap/080515/yahoo_icahn.html?.v=5)

[zippy1nut]

With a company with so much web power and has so much potential you would think they could find the right people to run YAHOO.

[wisdomtool]

Not really crazy Carl Icahn has the financial might and determination, he had been doing that before.

Crazy!

Icahn sends letter to Yahoo, plans proxy battle
Thursday May 15, 9:38 am ET
Icahn says in letter to Yahoo board he will launch proxy fight, nominate 10 directors

NEW YORK (AP) -- Billionaire activist investor Carl Icahn has confirmed he is launching a proxy battle to remove Yahoo's board of directors.

In a letter to Yahoo Chairman Roy Bostock, Icahn said he is nominating 10 directors, including himself, following the Sunnyvale, Calif.-based company's "irrational" actions toward Microsoft's takeover bid.

Search engine giant Yahoo is on the hot seat for rejecting Microsoft's initial bid of $44.6 billion, or $31 per share, and taking measures that finally drove away the software maker. Icahn reportedly has spent more than $1 billion to acquire about 50 million Yahoo shares -- a stake of about 3.6 percent -- in order to turn up the heat on Yahoo's board.



http://biz.yahoo.com/ap/080515/yahoo_icahn.html?.v=5 (http://biz.yahoo.com/ap/080515/yahoo_icahn.html?.v=5)

[Lovely]

I know there will be problem in the board of Yahoo after Microsoft pull out of the bid.

[ReadyToGo]

I had a gut feeling that Carl Icahn was going to make a move...

[milofi_hosting]

Yahoo seems to have a lot of things happening with it at the moment.

Thanks for sharing.

[Sem-Advance]

LOL

Icahn is an out of touch feeble old man

Yahoo shot him down so hard it makes me laugh.

http://files.shareholder.com/downloads/YHOO/310763977x0x196435/4c5a0e19-45a5-438d-8ace-15af1d12cc37/YHOO_News_2008_5_15_General.pdf

Icahn should go back to taking on stogdy non-Internet companies as he knows nothing about the Internet....

He also looses more than he wins.....A 3% share is not enough to hold swagger...he needs more like 10 or 20% and he doesn't have that kind of cash......

[honey415]

Very interesting article. Thanks for posting it.

[zexy]

Yahoo can't take a breath lately. Give them a brake! :p

[wisdomtool]

They had braked a lot, it is time to run or they won't be able to catch sight of Google and may even fall behind MSN :)

Yahoo can't take a breath lately. Give them a brake! :p

[webcosmo]

I was waiting for something like this to start. Those Yahoo CEOs are playing with shareholder's fate. If they can't take the company forward they should sell it or may be step down!

[wisdomtool]

Such proxy fights tend to be nasty, exciting and fun to watch :)
I guess the show is about to start very soon, 4th of next month?

I was waiting for something like this to start. Those Yahoo CEOs are playing with shareholder's fate. If they can't take the company forward they should sell it or may be step down!

[nutty professor]

uNBELIEVABLE DETHRONING OF YAHOO...LIKE SOME 5 YEARS BACK YAHOO WAS a worldwide phenomenon over intrnet...esp. yahoo messenger and chat.....but with discovery of google,the nightmare started for Y!!! Y cant Y learn from google.......

[Awesome Ninja]

that company is a mess lol

I agree, Yahoo is not like it used to be.

[World_Peace]

Yahoo! was the biggest in some times but right now you can clearly see the downfall. i am sure that it will recover from the position it is in right now.

Don't sell Yahoo for anything, it is really worth a lot more.

[wisdomtool]

I think there is more room for Yahoo to go south rather than recover, it has lost its market share and will continue to lose unless it does something about it. The fact is reflected in its share prices which hit $18 before Microsoft bid.

Yahoo! was the biggest in some times but right now you can clearly see the downfall. i am sure that it will recover from the position it is in right now.

Don't sell Yahoo for anything, it is really worth a lot more.

[CommonDavid]

Yahoo has 20% search share, Google has 60%. If Google is worth $107.1 trillion dollars as a company with their market share (based on $583.89 a share stock price), then Yahoo should then be worth $35.7 trillion, which would mean their stock should be worth around $100 a share based on the 35.34 billion market cap.

[Sem-Advance]

Yahoo has 20% search share, Google has 60%. If Google is worth $107.1 trillion dollars as a company with their market share (based on $583.89 a share stock price), then Yahoo should then be worth $35.7 trillion, which would mean their stock should be worth around $100 a share based on the 35.34 billion market cap.

Only problem is Yahoo is not a search engine they are a portal with the largest display advertising revenues online..

Need to rethink your valuations.

[CommonDavid]

Only problem is Yahoo is not a search engine they are a portal with the largest display advertising revenues online..

Need to rethink your valuations.

So Google and Yahoo aren't in the same market?

Something like 90% of Google's revenue comes from adwords ads.

[Sem-Advance]

So Google and Yahoo aren't in the same market?

Something like 90% of Google's revenue comes from adwords ads.

I would say Googles a search engine. They have little display advertising, their main source of revenues are earned via contextual ads.

Yahoo and Msn are both portals and both have a heavy concentration in display advertising with a small amount earned with contextual advertising.

Seems like very different businesses to me....

[CommonDavid]

I would say Googles a search engine. They have little display advertising, their main source of revenues are earned via contextual ads.

Yahoo and Msn are both portals and both have a heavy concentration in display advertising with a small amount earned with contextual advertising.

Seems like very different businesses to me....

What about iGoogle? That's the future of Google.

[Sem-Advance]

What about iGoogle? That's the future of Google.


Actually thats Googles somewhat half baked attempt to become a portal.

When this all started five years ago or so Yahoo on page time was 29 minutes average compared with Google which had a dismal 4 minute on page time.

Googles managed to close the gap somewhat, but recent forays into social networking shows they still consider themselves to be lagging in that aspect.

:)