8 comments

• 

  Maybe...

  1 year ago

  Bob, awesome analysis. There is one interpretation that doesn't have contradictions, however. Perhaps the board and the management know something about the value of Yahoo assets, or new projects that are in the works that the outside world does not. If this is the case, Microsoft and shareholders would indeed undervalue the company.
  
  If that *is* the case, then Yahoo wouldn't be "grasping at straws" in rejecting this bid... just a thought. Why don't you use your awesome journalism skills to see if it's true?
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• 

  Bob Caswell

  1 year ago

  Maybe...-
  
  The board and management know something no one else does? That's interesting considering they've resorted to apologizing at shareholder meetings for lackluster performance.
  
  If they *do* know something no one else does, now would be the time to share it. You know, when it could mean billions of dollars more from an increased bid. Or this magic secret could be a reason for shareholders to have faith in Yahoo management again and drive up the share price.
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• 

  Maybe...

  1 year ago

  You're right. Now would be the time to share it.
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• 

  Joseph

  1 year ago

  "... that important engineers would not be willing to cooperate in a hostile take over... "
  
  When do engineers actually get a say in Yahoo's direction? If so, who's at fault, Yahoo's board and management, or the engineers?
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• 

  Bob Caswell

  1 year ago

  Good point, Joseph. Another question I have:
  
  Is there really that big of a difference between the level of cooperation from engineers in a hostile take over vs. a board endorsed take over? These engineers likely have their own opinions that are independent of whatever the board decides.
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• 

  Curt Monash

  1 year ago

  Pretty much what I predicted when I answered the call for a "game theoretical" analysis of the negotiations:
  
  http://www.texttechnologies.com/2008/02/08/a-ga...
  
  Yahoo's "threat points" are stronger than one might first think.
  
  CAM
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• 

  Paul Ellis

  1 year ago

  Thanks for the link Curt. That was an interesting read on the scenario that you definitely don't see being said elsewhere.
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• 

  Maybe...

  1 year ago

  Bub, they did have a secret plan!
  http://valleywag.com/355175/yangs-secret-plan-f...
  reply