Feeds

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

Microhoo! chances 'negligible'

Top 5 reasons to deploy VMware with Tegile

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. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
BT said to have pulled patent-infringing boxes from DSL network
Take your license demand and stick it in your ASSIA
Right to be forgotten should apply to Google.com too: EU
And hey - no need to tell the website you've de-listed. That'll make it easier ...
prev story

Whitepapers

Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
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?
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.