Yahoo (NASDAQ:YHOO) is Getting its Act Together
Feb 23rd, 2009 | By Charles Delvalle | Category: Chart of the DayMy favorite CEO to hate was the ex-CEO of Yahoo (NASDAQ: YHOO), Jerry Yang.
My favorite CEO to hate was the ex-CEO of Yahoo (NASDAQ: YHOO), Jerry Yang.
Jerry Yang, Yahoo Inc.’s (YHOO) chief executive officer, finally got his wish last Thursday when his company partnered with rival Google Inc. (GOOG) to enhance its online advertisement business.
Shares in internet search company Yahoo (YHOO) dropped 10% yesterday as the prospect of a deal with Microsoft ended.
According to Bloomberg: “Yahoo said yesterday it scrapped talks after Microsoft refused to pay the $47.5 billion it offered last month. Instead Yang unveiled a partnership with Google Inc. While that deal may add $800 million to annual sales, it may not be enough to revive the stock, said analyst Colin Gillis of Canaccord Adams.”
Carl Icahn is adding to his reputation as a boardroom bully. In a letter to Yahoo Inc. (YHOO) Chairman Roy Bostock, the billionaire investor threatened to seek control of the board and resuscitate takeover talks with Microsoft Corp. (MSFT).
“So! Microsoft’s Yahoo bid fell through. What are your thoughts?” This was how I greeted our research director Theo when I let him into the office this morning he’d forgotten the door code again.
Today’s Whiskey is a special excerpt from legendary financial mind Jim Rogers’ book, Hot Commodities. In this essay, Jim explains away some of the myths many people associate with commodity markets.
Jerry Yang, CEO of the world’s number two internet search engine company Yahoo! Inc., is doing his best to put a positive spin on Microsoft’s withdrawal of its bid for Yahoo!
But with Yahoo! stock tanking and rival search engine company Google continuing to out pace Yahoo! the question is whether Yang’s “what doesn’t kill you makes you stronger” is enough to revive the flagging internet giant.
Microsoft Corp. (MSFT) last Saturday yanked its $44.6 billion bid for struggling Internet-search pioneer Yahoo! Inc. (YHOO) after the two companies were unable to come to terms over the buyout price.
Recently, at a party in New York, I mentioned that I had been talking to various groups in the United States and Europe about investment opportunities in the commodities market. Before I could get out one more word, a woman interrupted me. “Commodities!” she exclaimed, with the kind of incredulity in her voice that Manhattanites reserve for people moving to Los Angeles. “But my brother invested in pork bellies and lost his shirt. And he’s an economist!”
While the market rallied for the last few years, one strange thing was happening. The spread between yields on corporate bonds and government bonds was virtually non-existent. This means investors weren’t paid much for the risk they took on for getting into corporate bonds.