As expected as soon as pre-trading opened The Yahoo stock has collapsed http://news.yahoo.com/s/ap/20080505/ap_on_hi_te/microsoft_yahoo Fully expected as Yang takes a bath Big business calls the shots not Yang Comments :-
Yahoo is worth much more than $24 a share. I am considering buying the stock for the long haul. The price will rise over the next few years.
Who in their right state of mind would buy a company at 50X earnings??? To make the matter worse Yahoo has been loosing money on every quarter for at least 5 times in a row I think??? This stock is not for the faint of heart. I rather gamble in Vegas than buy Yahoo stock right now. I have better odds at the Poker table than with Yahoo stock.
Right Guru, the only reason yahoo is still in the 24 dollar range is that angry yahoo investors are screaming to get msft back to the bargaining table. You will either see negotiations start up again or you will see many lawsuits against yahoo by its own shareholders. Their ceo Yang is an idiot. I cant believe he got greedy.
You're right. I think there will be a lot of lawsuits coming. Yang is an idiot for sure. They should have sold to Microsoft at $37 a share and in a couple of years Microsoft/Yahoo would be able to be neck and neck with Google, instead now the greed is going to bring their stock to maybe $16 a share if not less. They played hard to get and got nothing. Microsoft should just play a waiting game at this point and let the company crumble from the inside and then do a takeover. It will be interesting to follow from the sidelines for sure!
It is expected given that Microsoft's offer is the best Yahoo will get, I think we should expect a further drop in this stock. I wouldn't want to hold this hot potato right now.
I don't think its even about Yang being greedy, its about his ego and selling out to Microsoft, he didn't want to sell out and he put up a price out there that Microsoft wouldn't pay
Microsoft was not going to pay $37 a share, their initial offer was $31 which was around 80% higher then where yahoo was trading. Major Shareholders wanted mid 30s, in the last week Microsoft increased its bid to $33, major S/H said that they were willing to sell their stock in the $34-$35 range, Yang Want to Microsoft and said he wouldn't sell the company for less then $37 a share.
When all the dust settles Yang will be out of Yahoo That's how the the big guys operate He will pay the price for his in-experience in dealing with these guys
Big companies like Yahoo will always go up in the long run. The internet is to control the world in so many ways in the near future
Yahoo amd Google are going to agree on an add agreement in near future and this will take the two companies to 80 percent of the search engine market share. Yamg is not a fool, he is trying another track to capture the market, and after gettin this clue Microsoft drop the idea of taking over Yahoo.