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May 5
Yahoo is now officially toast. Who said so? I did. So pay attention!

As analysts had expected, Wall Street pummeled Yahoo today after Microsoft's decision Saturday to throw in the towel in its bid to acquire the Sunnyvale Internet company. Yahoo's  stock price ended today down 15 percent at $24.37 a share, but still up from the $19.18 it closed at the day before Microsoft made its offer public Feb 1. Microsoft closed the day down 0.55 percent at $29.08. Pundits (and what the hell do they know?) said Yahoo's failure to drop back to its pre-offer level may reflect expectations that a deal with Microsoft isn't totally dead, and could be revived if Yahoo changes its mind. But for what it's worth, I think the long-term prospects for Yahoo are worse than ever. As a well known Silicon Valley lawyer put it today... "They are done for. They rolled the dice and lost. They are just going to languish out there. Couldn't have put it any better myself.

MrToastPitchlogo.gif.

Say hello to Yahoo!

 

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» Know More Media Review: Microsoft/Yahoo Chronicles from Know More Media
The internet has been buzzing with speculation ever since Microsoft (NASDAQ:MSFT) put forth its offer to buy out Yahoo (NASDAQ:YHOO), which Yahoo interpreted as a hostile take over attempt. Last week however, Microsoft withdrew it's offer which has... [Read More]

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