Microsoft CEO Steve Ballmer is sending more signals to Yahoo shareholders after the company's Tuesday earnings report. Take it or leave it was the message from Milan, Italy.
"We are offering a lot of money," Ballmer said today at a Microsoft conference, according to Bloomberg."If Yahoo's shareholders like it, that's great. We are prepared to go forward without a merger with Yahoo."
Observers, including Citi Investment Research analyst Brent Thill, whom I quoted in today's story, and a portfolio manager quoted by Bloomberg, don't see it that way.
"[Ballmer's] playing hardball, and I don't think he can win,'' Larry Haverty, an associate portfolio manager at Gamco Investors Inc. in Rye, New York, told Bloomberg. "Microsoft is doing very poorly in these businesses; they have to have Yahoo."
http://blog.seattletimes.nwsource.com/techtracks/2008/04/globetrotting_ballmer_says_microsoft_can_go_forwar.html
OK, he admits that Microsoft can go it alone, yet Ballmer still persists even though analysts argue against the move and the price of Microsoft's stock declined directly after the offer went public. Hmmmm......Doesn't make too much sense
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