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 Take your pick of what's worse. Shares of Google Inc. [GOOG] today traded below $300 a share for the first time since 2005 after analysts trimmed estimates for the company's fourth quarter results. And if things are bad at Google (or at least not great), they must really be bad over at Yahoo! Inc. [YHOO]. Its shares were recently down 10% at $10.23 after trading as low as $10.02, and it seems only a matter of time before they reach single digits.Prospects for Yahoo! look rough not only from a business standpoint, but also from the standpoint that it may not be able to engage Microsoft Corp. [MSFT] in talks to acquire the company, with a search-only acquisition not the solution to all its problems and a combination with AOL LLC only compounding the company's troubles. In that kind of environment, it's little wonder investors are heading for the hills. -- David Shabelman See Nov. 12 story from Reuters See Nov. 12 post from Silicon Alley Insider See Nov. 12 post from All Things Digital
Comments
From: Alain ,
Curly--Well, at least we agree about something. Icahn needs to show what he's made of: http://bit.ly/2Oaic3 Alain
Posted on:
November 12, 2008 7:55 PM
From: tony hossri,
what is carl icahn waiting for,he knows he can help big time and save all the heartaches,move it carl before we all sink,we all know yahoo is a great company whether the cash it has on hand or the yearly revenues.let's go,get rid of that CEO
Posted on:
November 13, 2008 3:30 AM
From: Alain,
Your guess is as good as mine, Tony. I suspect that Icahn and his guys on the board--Frank Biondi and John Chapple--are simply outgunned in the boardroom. That said, Yang's days are numbered. Alain
Posted on:
November 14, 2008 11:22 AM
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I just get sick and tired of you people who think they know everything and put down Yahoo all the time and my stocks go down. I feel that Google set up yahoo by backing out knowing it would hurt Yahoo not them. I feel that Yang needs to go and Carl get off his butt and help like he promised he would do