The Inquirer-Home

Steve Ballmer shocked at Yahoo shareholders' response

No one understands me
Fri Jul 31 2009, 09:41

THE QUIET CEO of Microsoft, Steve Ballmer said he's surprised Yahoo investors don't like the companies' Web-search agreement and has been crying into his hot chocolate that he is not loved.

Yahoo's shares fell 12 per cent after its deal with the Vole was made public. Yahoo shareholders apparently thought the deal was rubbish.

But a tearful Steve told Bloomberg that Yahoo's shareholders didn't understand him - no one ever did.

Yahoo gets most of the sales from the deal at little cost and 88 per cent of the revenue. Under the 10-year agreement, Yahoo will use Microsoft's Bing search engine on its websites.

Yahoo gets to sell ads that appear next to Internet-search results. The partnership is designed to combat the dominance of Google.

The Vole on the other hand might be able to squeeze one or two per cent profit from Yahoo's search ads, out of its 12 percent share of revenue, if the company's execution is "razor sharp".

It's possible Yahoo's shares fell because shareholders really hoped that Steve would buy the company, but he said that Yahoo was happy to remain independent. µ

 

 

 

Share this:

blog comments powered by Disqus
Advertisement
Subscribe to INQ newsletters

Sign up for INQbot – a weekly roundup of the best from the INQ

Advertisement
INQ Poll

Coding challenges

Who’s responsible for software errors?