Feeds

Ballmer stirs excitement with Yahoo! comments

'Call me sometime'

Boost IT visibility and business value

Investors desperate for a scrap of good news have been buoyed by comments from Microsoft chief executive Steve Ballmer that a Yahoo! still makes sense.

Shares in Yahoo! jumped to more than $13 from their recent low of $11.50, and Microsoft was up over one per cent to more than $22.00 after Ballmer uttered his fateful words. Nasdaq and the Dow were also up around one percentage point.

Prompting the excitement was Ballmer's reported comment that a deal with Yahoo! still make sense economically for both companies' shareholders.

During an on-stage interview with analysts at Gartner's annual Symposium/ITexpo, Ballmer said: "I still think it would make sense economically for their shareholders and ours."

Ballmer added he didn't know what price would have made Yahoo! agree to a deal. "They didn't want to sell when we offered $33, [and] they probably still think it's worth at least as much today."

Before Wall St. could get too excited, Ballmer noted Microsoft isn't engaged in acquisition talks with Yahoo. Microsoft also reportedly said it has no interest in acquiring Yahoo!, and the companies are not in discussions.

Bootnote

Ballmer is probably quietly relieved he withdrew from the deal six months ago, given the way the market has turned. Yahoo! rejected his offer of $33 a share, saying it was not enough. Since then, Yahoo!'s shares have lost more than half their value: Yahoo! was trading around $27 in May. An agreement would have left Microsoft out of pocket and raised questions about Ballmer's judgment. ®

Build a business case: developing custom apps

More from The Register

next story
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.