Feeds

Ballmer stirs excitement with Yahoo! comments

'Call me sometime'

Top three mobile application threats

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. ®

Application security programs and practises

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
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 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.