posted on Sunday, May 04, 2008 7:07 AM
by
paul
Yahoo Prevails
Microsoft Withdraws Proposal to Acquire Yahoo!Dear Jerry:
After over three months, we have reached the conclusion of the process regarding a possible combination of Microsoft and Yahoo!.
I first want to convey my personal thanks to you, your management team, and Yahoo!’s Board of Directors for your consideration of our proposal. I appreciate the time and attention all of you have given to this matter, and I especially appreciate the time that you have invested personally. I feel that our discussions this week have been particularly useful, providing me for the first time with real clarity on what is and is not possible.
This was a big failure for Microsoft PR as they fed often false information to blogs like Techcrunch, BoomTown and Silicon Alley Watcher.
Yahoo is still the number destination on the Web despite all the disparaging remarks by those blogs that sold their souls for an increase in Microsoft ad dollars.
On the other side of the world it's already Monday morning and Brokers who accumulated YHOO shares at the behest of Microsoft are dumping them. They may begin to buy them back if YHOO returnes to under $20 a share, but Steve Ballmer really should be focused on MSFT shareholder value.