macnn/electronista
04/22/2008, 1:15pm, EDT
Tuesday, April 22ndBallmer: Yahoo profits won't change Microsoft offer
Microsoft's acquisition offer for Yahoo -- now valued at $43.2 billion -- will not rise, regardless of how well the latter company has done in its latest quarter, according to Microsoft CEO Steve Ballmer. Yahoo will announce its first-quarter results later today, and is expected to show signs of pulling out of a two-year decline, a factor which may increase investor confidence in the company's management. Similarly, Reuters notes that Yahoo executives may use this to protest Microsoft's $31-per-share offer as undervalued.
"I wish Yahoo all the success with its results," counters Ballmer, "but it doesn't affect the value of Yahoo to Microsoft."
Ballmer says he is in fact standing by a deadline set earlier this month, elapsing this Saturday, under which Microsoft may actually lower its bid for Yahoo. The new offer would be taken directly to Yahoo shareholders, and signal the beginning of a proxy battle, with Microsoft attempting to have a sympathetic board of directors elected.
Filed under: Investor, industry
Other story tags: Microsoft, Yahoo
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If you worked at Yahoo and Microsuck took over, would you really want to work for an asshole like Ballmer? I predict a massive brain drain should they actually succeed in the takeover.
"Hey, I was checking my pockets for loose change, and what do ya know, I found an extra $3 billion to sweeten the bid for Yahoo...'
But I think it's good that MS try to go for it. Hopefully MS will be the next AOL.
Hum, about Bush, quoting Leno "If comparing Bush to Nixon, no one would call Nixon incompetent."
Ballmer was a product of modest beginnings and, via a college friendship with a cat named Gates, he managed to work his way up to the top at MS. He is a genuine boor with nary an original idea in his head, who surrounds himself with yes-men fawning at his ever utterance. Apple has gained by Ballmer's incompetence.
Bush was of a wealthy privileged background. Attended and graduated from Yale as a legacy. Got into the oil business, abused alcohol and drugs, became involved in his father's political machine and took off with that. He later became President and has made questionable choices as to foreign policy in regards to international Islamic terrorism.
I think the only thing these guys truly have in common is that no one likes either of them. Also, I wish Ballmer 20 more years at MS. That should be about time to turn the MS/Apple table.
No looks more like Dr Evil to me...
http://images.google.com/images?hl=en&q=dr+evil&btnG=Search+Images&gbv=2