Yhoo
YHOO) had the bad judgment to start its earnings PR talking about what the company would look like in two years. And the results for the quarter were nothing more than mediocre.1
Yahoo!’s (NASDAQ: YHOO) board will presently reject a $31 a share buy-out bid from Microsoft (NASDAQ: MSFT), according to The Wall Street Journal. The group thinks the offer is undervalued and will not look at any offer under $40 a share.2
The chart above covers the past month and shows Google (GOOG), Yahoo (YHOO), and Microsoft (MSFT) against the NASDAQ over the past month. Of the three, Google’s had the greatest decline, down 19.5 percent.3
Inc. (NYSE: YHOO) is an American global Internet services company that operates the Yahoo! It provides a range of products and content, from email and search to media streaming and downloads.4
Microsoft (NASDAQ: MSFT) shareholders should breathe a sigh of relief for not overpaying for an internet search company, Yahoo (NASDAQ: YHOO) where CEO Jerry Yang let his ego get in the way of handsome profits. Yang rejected the $47.5 billion offer that Microsoft put on the table.5
The next question is, if YHOO is losing ground in these areas, where are the users going? Are they going somewhere else, or are they losing interest altogether?6
The YHOO-GOOG deal is a no-go, and you of all people know that if the DOJ is already looking into it, then there’s no way it’s going to fly past Asian and European regulators. GOOG may laugh all the way to the bank with their stock price after this, but YHOO shouldn’t be relying on GOOG to bail them out.7