Printed from http://www.electronista.com

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
Post tools:

TAGS :

toggle

Comments

  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?

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lacking ...

Epson WorkForce DS-40 scanner

In this day and age, there's a significant amount of pressure to go paperless, and downsize the amount of things that one collects ove ...

Sponsor

toggle

Most Commented

 
toggle

Popular News