Yahoo! Board of Directors Says Microsoft's Proposal Substantially Undervalues Yahoo!

[LPH]

A new blog entry has been added:

[drupal=71]Yahoo! Board of Directors Says Microsoft's Proposal Substantially Undervalues Yahoo![/drupal]

The biggest story of last week does not seem to go away. Microsoft's attempt to take over Yahoo! was formally rejected. Do we care?

[LPH]

The Wall Street Journal published Jerry Yang's email to employees, Yang Email on Yahoo Board Decision.

[LPH]

Microsoft responds with a strange statement.

[SGR]

Oy. Now some shareholders are filing lawsuits because of Yahoo's decision to turn down Microsoft's bid. More are expected to follow.

[SGR]

Here's a story from Reuter's that makes some interesting observations about Yahoo! shareholders. Many of the top investors may be very concerned that Microsoft does not overpay in its bid to buy Yahoo!--because more of their money is invested in Microsoft.

The article states that RiskMetrics Group, a risk management analysis company, found that nearly 90 percent of Yahoo's institutional shareholders also hold shares in Microsoft, including most of the top 20--and that generally, they have significantly more money invested in Microsoft.

[SGR]

And now Yahoo's entire design team has been fired. Whooaa.

When I compare the looks of Yahoo! and Google and how they've evolved through the years, I have an instant preference--and it isn't Yahoo! Maybe it really was time to replace the designers.