Ending speculation that another Microsoft-Yahoo deal may be on the table after the exit of Jerry Yang, Steve Ballmer said at a Wednesday shareholder meeting “Let me be clear. We are done with all acquisition discussions with Yahoo.” His announcement sent Yahoo’s shares into a 20% nosedive, closing at $9.13 at days end. Ballmer did tell shareholders that Microsoft may still be open to a search deal with Yahoo but those slightly encouraging words did not soften the blow of his comments dismissing a possible acquisition. Is this really the death knell for a Microsoft-Yahoo merger? Maybe, maybe not....
Those who were hoping that Yahoo chief executive Jerry Yang stepping down would solve Yahoo’s recent stock woes got a very rude awakening today — to the tune of a 20.87 percent drop in share price. Yes, Yahoo’s stock is now below $10 a share, closing the day at $9.14. The stock hasn’t been at this level since the very beginning of 2003. More importantly, it’s now barely more than the mid-$30 a share price Microsoft was willing to pay to acquire the company just a few months ago. (Of course on the stock side, Microsoft isn’t doing much better,...
At least Yahoo got one day of stock euphoria, on the news that its CEO Jerry Yang was stepping down, before Microsoft CEO Steve Ballmer dropped yet another bomb on the troubled Internet giant, by saying once more with feeling that he is not at all interested in buying it. Yahoo (YHOO) stock plummeted on the news, dropping below $10 a share, to close at $9.14, down $2.41 or an astonishing 21 percent. While lack of interest in acquiring Yahoo is a sentiment that Ballmer has expressed more times than Alaska Gov. Sarah Palin said “maverick” in the Presidential...
To this day, I believe the best thing for Microsoft to do is to buy Yahoo.” – Yahoo CEO Jerry Yang, last week Microsoft CEO Steve Ballmer knocked the wind out of Yahoo’s share price again today when he dismissed the notion that Redmond might renew its bid for the foundering Internet company now that Yahoo’s $2 billion man has agreed to step down as CEO. “Let me be as clear as I think I’ve tried to be publicly,” Ballmer said at the company’s annual shareholders meeting Wednesday. “We are done with all acquisition discussions with Yahoo. I’ve said...
QOTD Let me be as clear as I think I’ve tried to be publicly: We are done with all acquisition discussions with Yahoo. We have moved on. – Microsoft CEO Steve Ballmer knocks the wind out of Yahoo’s share price again...
In one of the tackiest attempts at a viral employee morale/marketing campaign since the infamous Nixon-Peabody song, Yahoo is launching a brand awareness campaign they are calling "Start Wearing Purple" designed to promote the brand as well as remind employees what that whole "bleeding purple" phrase was supposed to have meant. In a post on Yodel Anecdotal, the Yahoo corporate blog, Yahoo's Senior Director, Brand Advertising Nick Chavez spins the new campaign in a way that only Prince could love, including the history of purple at Yahoo, a brief intro to the campaign, and a theme song only Yahoo...