Monday, April 21, 2008

Yahoo's Time Running Out

SAN FRANCISCO (Reuters) - Yahoo Inc (YHOO.O: Quote, Profile, Research) faces a critical week that could decide whether the pioneering Web company can remain independent or must surrender to an unsolicited takeover by Microsoft Corp (MSFT.O: Quote, Profile, Research).

Yahoo is racing to forge a credible alternative that lets it stay independent or at least forces Microsoft to raise its $31 a share cash-and-stock bid, now valued at $42.8 billion.

"Yahoo is willing to try things at the 11th hour, that it never felt the urgency to try," Sanford C. Bernstein analyst Jeffrey Lindsay said. "Shareholders win, either way."

http://www.reuters.com/article/reutersEdge/idUSN2036511520080420

I think its foolish of a company to, instead of building a strategy right from the door to wait and try to hit the shot at the buzzer when your still down by 20. What the hell is Jerry Yang thinking.

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