posted on Saturday, February 02, 2008 8:56 AM
by
paul
Yahooligans
A Giant Bid That Shows How Tired the Giant Is
The investor community were doing cartwheels yesterday, they love to play let's make a deal. On the early morning conference call only annalists from the big brokerage firms were able to ask questions and the conversations they had with Microsoft executives sounded as if they had been speaking recently.
Anyone with prior knowledge of Microsoft's offer would have profited handsomely yesterday as Yahoo shares sored from 18 to 28 and as in any takeover bid whomever controls the shares gets the company.
The very same institutional investors are now enticing new bids for Yahoo, anything to drive up the price and increase their earnings. This also keeps the home mortgage crisis and the looming recession out of the news.