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Yahoo CEO Jerry Yang's earned new respect all over the Valley for standing up to Microsoft and Steve Ballmer over the weekend. On Wall Street, major investors think enough is enough. Mutual fund house T. Rowe Price, which owns 18 million Yahoo shares, yesterday said it would be "very vocal" if Yahoo rejected any increased offer from Microsoft. Fund manager Larry Puglia called Yahoo "floundering." Capital Research and Management, which owns 11.6 percent of Yahoo, wants Yang and the board to welcome their new overlords, too.
SAN FRANCISCO, 3:27 AM, WED JUL 9 |
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Comments
Overloads? As in the Microsoft BSOD? You know, it would give me warm fuzzy feelings to have any Yahoo page that failed to load show up with an blue screen error message.
@dantheman82: You missed the allusion: [en.wikipedia.org]
Unless Yang puts his money where his mouth is and offers to buy the shares that his yahoos would love to exercise at $40, his valuation is meaningless.
Or until someone actually overpays for Yahoo.
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