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Microsoft: Yahoo move in "very short order"

updated 04:20 pm EDT, Thu May 1, 2008

MS Move on Yahoo Soon

Microsoft will take action on Yahoo's ultimatum rejection soon, company chief Steve Ballmer has said at a presentation for his firm's employees attended by Silicon Alley Insider. He acknowledges that Microsoft has missed its deadline for altering its strategy but adds that a maneuver will come in "very short order." This could include both a hostile attempt and the previously mentioned willingness to walk away if pursuing Yahoo proves fruitless.

Ballmer also hinted at an element of truth to recent claims that Microsoft may be willing to raise its bid beyond $31 per share, noting that the company is willing to pay for Yahoo "at some level" but not beyond. He nonetheless rejects notions that Yahoo could significantly influence the value of any offer, which he says involves some discretion of his own.

"I know exactly what I think Yahoo is worth and I won't go a dime above," Ballmer says.

Yahoo itself hasn't issued any response to the lack of action by Microsoft but is known to still be pursuing alternatives that would improve its value and fend off any hostile takeover attempt, including a permanent implementation of its Google AdSense deal or a union with AOL.

Additionally, the Microsoft executive has downplayed the controversy surrounding decisions by Dell and Lenovo to extend Windows XP sales past Microsoft's official June 30th end-of-sale date, noting that the company has always said it would allow a "downgrade" offer as a policy.

"That has been very misreported on," Ballmer says. "We haven't changed a darn thing. My comments didn't help."



By Electronista Staff
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  1. climacs

    Dedicated MacNNer

    Joined: Sep 2001

    0

    whatever

    shorter ballmer: "As soon as I can find my a** using both hands, we'll do something about the Yahoo takeover."

  1. climacs

    Dedicated MacNNer

    Joined: Sep 2001

    0

    toldja so

    "Ballmer also hinted at an element of truth to recent claims that Microsoft may be willing to raise its bid beyond $31 per share, noting that the company is willing to pay for Yahoo "at some level" but not beyond."

    Wow, that tells us a lot and is of course completely contradictory of his earlier statement that he would actually lower the bid if Yahoo's board did not accept his offer, and his later statement that Yahoo's earnings did not change the situation.

    "He nonetheless rejects notions that Yahoo could significantly influence the value of any offer, which he says involves some discretion of his own.

    "I know exactly what I think Yahoo is worth and I wonít go a dime above," Ballmer says."


    *eyes rolling*

    regarding XP phaseout:

    "My comments didnít help."

    Really! You don't say?

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