Yahoo’s stock has been tanking ever since the Yahoo , Microsoft and Carl Icahn fiasco ended. Jerry emerged a victor and kept his post as CEO of Yahoo but shareholders seemed to have gotten the rough end of the stick here.
Yahoo’s stock sank down further today, down almost 6% to $17.75, that’s near 5 year [...]
All Posts Tagged With: "Carl Icahn"
What’s Jerry’s plan for Yahoo? Stock at 5 year low!
Yahoo acknowledges error in board election report!
In an interesting piece of drama, Yahoo announced that Broadridge Financial Solutions, Inc., an independent voting intermediary that processes proxies on behalf of banks, brokers and institutions,had made an error in tabulating results from the August 1st shareholders meeting.
Broadridge Financial Solutions, Inc missed out on a truncation error in reporting share numbers that exceeded eight [...]
Jerry’s sweet victory, what next for Yahoo?
After a tumultous 6 months, it is sweet victory for Jerry Yang, CEO of Yahoo! Inc. In the annual meeting of stockholders held on 1st of Augist, Yahoo stockholders re-elected all of Yahoo!’s nominees to the Board of Directors.
Roy Bostock, Chairman of Yahoo!, said, “We now look forward to executing on our strategy and continuing [...]
Yahoo profit falls short of expectations
Yahoo today announced it’s financial numbers for Q2 2008. The company had revenues of $1.798 billion and operating Income - $101 million. Revenues were up 6 percent increase compared to the same period in 2007. Net income for the second quarter of 2008 was $131 million or $0.09 per diluted share compared to $161 million [...]
July 22nd, 2008 | rp | Comments | Continued
Yahoo settles with Icahn, gives 3 board seats
Yahoo! Inc. seems to have figured out a way to put the looming proxy battle behind it by settling with Yahoo investor Carl Icahn. Under the terms of the settlement agreement, eight members of Yahoo!’s current Board of Directors will stand for re-election at the 2008 annual meeting: Roy Bostock, Ronald Burkle, Eric Hippeau, Vyomesh [...]
July 21st, 2008 | rp | Comments | Continued
Yahoo board rejects “take it or leave it” proposal from Microsoft/Icahn alliance
Yahoo! Inc. today announced that it has rejected a joint proposal from Microsoft Corporation and Carl Icahn for a complex restructuring of Yahoo! that would include the acquisition of Yahoo!’s search business by Microsoft. The new proposal required Yahoo to restructure the company, hand over to Microsoft, Yahoo!’s valuable search business and to Carl Icahn [...]
July 13th, 2008 | rp | Comments | Continued
Microsoft open to Yahoo deal with an alternate board
“While of course there can be no assurance of a future transaction, we will be prepared to enter into discussions immediately after Yahoo!’s shareholder meeting if a new board is elected” - Microsoft
Microsoft Corp. today issued a press release with their latest stance on possible deals with Yahoo. In summary, Microsoft is open to working [...]
July 7th, 2008 | rp | Comments | Continued
