- Monday, 16 November 2009
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I am easily satisfied with the very best - Winston Churchill
Yahoo shares drop to new low
YAHOO, YESTERDAY, WAS once again playing the ‘how low can you go?’ stock drop game, as shares in the firm hit their lowest mark for five years.
Plunging 3.3 per cent to a measly $18.75, the shares took their worst beating yet since the Vole’s failed buyout attempt, a saga which had us all snoring from February through to the end of May.
After turning down the Mighty Vole’s $47 billion offer, Yahoo was hauled over the coals by angry shareholders who began to see their share values slump to unprecedented lows, despite frantic moves by the firm to align itself with anyone other than the Redmond giant.
The embattled Internet portal has not even managed to pull itself out of the gutter by aligning itself with the likes of Search engine giant Google, who on Tuesday, released its new Web browser Chrome.
But Google alliance and Chrome notwithstanding, Yahoo will obviously need to try a lot harder to galvanise its tumbling stock prices. µ
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I supported the complete buyout offer of Yahoo by MS because it would have given both companies the chance to compete against Google. Yahoo games for Windows Live! cross platform play with XBox Live! would have kicked some serious butt. But Yang and associates proved they don't deserve their job title or ridiculous salaries they collect. I regularly find myself on Google's many sub-sites and trying out their new technologies. Yahoo Games, MapQuest, the annoying search bar that every 3rd party app seems to have bundled, etc from Yahoo are old, decaying, or bloat ware. The MSN network is even worse with half azz attempts at warding off Google with silver medals going out to 2-3 apps. Google was, is, and will be the dominant player on the web space and is only cementing it with Android OS. Yes, it's not as nice as the iPhone, but it's not about that. Mobile OS will be pervasive as almost all devices move to connect us to the web.
You guys posted a day early. They're down another 5% today. Pretty soon, the price will be less than half of what MS was willing to pay.
Yahoo! Please focus on your valuable assets.

For example, shopping.yahoo.com used to be extremely helpful because it was the central address for lots of small and medium-sized businesses. Yahoo also hosts the web sites of these enterprises. Now shopping.yahoo.com is next to useless, because the search results are infested with tons of less useful references to eBay.
I'm so glad that Jerry Yang passed on the "undervalued" MS offer of $33/share - it is good to see a man with a vision who instead has turned this into an $18/share stock on its way to the low teens.

I wonder what Yanger's spin will be when MS comes in with a $25 offer? Waahhhhhh... that's not fair they offered $33 previously - I have no time for this as I'm busy re-arranging the deck chairs on this large boat. In the meantime you can send email to jyang@google.com