Feeds

Yahoo! shares! hit! five! year! low!

Microhoo! chances 'negligible'

Choosing a cloud hosting partner with confidence

Yahoo!'s share price dipped to $17.75 on Thursday, hitting its lowest point since October 2003.

As the Associated Press points out, the company's market value now sits at about $13bn below what Microsoft would have lavished on investors had Jerry Yang and crew accepted Redmond's May takeover bid. Steve Ballmer's final Microhoo! offer was $33 a share.

Yang has said - over and over again - that his primary goal is "maximizing value for our shareholders." But he may have missed his chance. Yesterday, Bloomberg reports, Redmond CTO Chris Liddell played down the chances of a Microhoo! revival.

"You never say never, I can never say that, but it's so close to negligible," Liddell said during a conference in New York.

In July, Liddell called Yahoo! a "declining asset." And yesterday, he said it again: "We continue to value Yahoo as a declining asset...At some stage it just makes no sense anymore. So you never say never about these acquisitions, but the time came and went."

Yahoo! is hoping to boost its revenues by enlarging Google's already ginormous search advertising monopoly. But as you might expect, this move is facing heavy scrutiny from US regulators.

Yang says he will somehow increase Yahoo!'s revenues 25 per cent in each of the next two years. But not everyone believes him. After its annual shareholder meeting last month, Yahoo! originally said that only 14.6 per cent of shareholders disapproved of Yang, but after catching an egregious vote tabulation error, the company acknowledged that the true was closer to 34 per cent. Meanwhile, almost 40 per cent called for the ouster of Chairman Roy Bostock, Yang's number one ally in the rejection of Ballmer and Microsoft.

The only good news for Yang and Bostock? Today, Yahoo! share price is up. After 1.86 per cent climb, it now sits at $18.08. ®

Internet Security Threat Report 2014

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.