Comments on: Yahoo’s Black Monday Begins With Shares Down 20 Percent. http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/ Startup and Tech News Fri, 16 May 2008 08:07:48 +0000 http://wordpress.org/?v=2.3.3 By: -17% in Borsa, Il Lunedì nero di Yahoo! - Geekissimo http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2272673 -17% in Borsa, Il Lunedì nero di Yahoo! - Geekissimo Tue, 06 May 2008 05:01:00 +0000 http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2272673 [...] Via | TechCrunch [...] […] Via | TechCrunch […]

]]> By: EH http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2271418 EH Tue, 06 May 2008 00:02:38 +0000 http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2271418 And following onto Lawrence@28, there's a lot of dumb people who'll think you're a loser if you are not TEH WINNAR!!!1 and dominance logic rules where you only find boys playing with their toys. Has nothing to do with real business though. And following onto Lawrence@28, there’s a lot of dumb people who’ll think you’re a loser if you are not TEH WINNAR!!!1 and dominance logic rules where you only find boys playing with their toys. Has nothing to do with real business though.

]]> By: EH http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2271408 EH Tue, 06 May 2008 00:01:08 +0000 http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2271408 LOL "Web 3.0 is already here." Sorry homie, but aggregating Twitter streams does not a paradigm make. LOL “Web 3.0 is already here.”

Sorry homie, but aggregating Twitter streams does not a paradigm make.

]]> By: James Hardie http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2271001 James Hardie Mon, 05 May 2008 22:24:05 +0000 http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2271001 26% down on Microsoft's offer. If I was a shareholder I would be totally pissed off. This is a classic textbook case of a company's directors acting in their own interests and preferences and totally ignoring the best interests of their shareholders. Jerry is an ass-clown who deserves to be tossed out. What is his big claim to fame? He came up with the very "original" idea of a yellow pages for the web. Out of the thousands of companies that had cash splashed at them during web 1.0, Yahoo got lucky. Contrast this with the brains of Larry & Sergey whose page-rank idea was ground-breaking 10 years ago and remains at the forefront today. The first 100 days of Jerry's new term as CEO came to nothing, and then he has the chutzpah/stupidity to turn down an offer like this. Its shocking, billions of dollars in lost value for shareholders, all because Jerry remains too emotionally attached to his baby. 26% down on Microsoft’s offer. If I was a shareholder I would be totally pissed off.

This is a classic textbook case of a company’s directors acting in their own interests and preferences and totally ignoring the best interests of their shareholders.

Jerry is an ass-clown who deserves to be tossed out. What is his big claim to fame? He came up with the very “original” idea of a yellow pages for the web. Out of the thousands of companies that had cash splashed at them during web 1.0, Yahoo got lucky.

Contrast this with the brains of Larry & Sergey whose page-rank idea was ground-breaking 10 years ago and remains at the forefront today.

The first 100 days of Jerry’s new term as CEO came to nothing, and then he has the chutzpah/stupidity to turn down an offer like this.

Its shocking, billions of dollars in lost value for shareholders, all because Jerry remains too emotionally attached to his baby.

]]> By: Senior Editor http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2270765 Senior Editor Mon, 05 May 2008 21:32:54 +0000 http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2270765 Yahoo R.I.P Yahoo R.I.P

]]> By: Silicon Moon http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2270356 Silicon Moon Mon, 05 May 2008 20:12:10 +0000 http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2270356 <strong>Microsoft-Yahoo Dead... Yahoo Needs a New CEO...</strong> So who should be Yahoo!'s new CEO? Obviously someone with operating experience at an Internet company, unlike Terry Stemel, and strong knowledge of the online ad marketplace.... Microsoft-Yahoo Dead… Yahoo Needs a New CEO…

So who should be Yahoo!’s new CEO? Obviously someone with operating experience at an Internet company, unlike Terry Stemel, and strong knowledge of the online ad marketplace….

]]> By: Juanu http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269982 Juanu Mon, 05 May 2008 18:59:02 +0000 http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269982 Ups... Ups…

]]> By: Eric Dewhirst http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269980 Eric Dewhirst Mon, 05 May 2008 18:58:43 +0000 http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269980 @19 Mike D - I think you are right - low 20's is where it may just hang it's hat. Some good points made here about how it does shed some light on Yahoo and all that it does have and all that MSFT does not have. Yahoo has some great strengths and I hope that perhaps this was the wake-up call that it needed. Perhaps this rejection of MSFT's offer is a sign of how Yahoo is coming out swinging and is stepping up to the plate. Cheers - Eric @19 Mike D - I think you are right - low 20’s is where it may just hang it’s hat. Some good points made here about how it does shed some light on Yahoo and all that it does have and all that MSFT does not have. Yahoo has some great strengths and I hope that perhaps this was the wake-up call that it needed.

Perhaps this rejection of MSFT’s offer is a sign of how Yahoo is coming out swinging and is stepping up to the plate.

Cheers - Eric

]]> By: News Roundup: Cinco De Mayo Edition | curtis schweitzer (dot) net http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269937 News Roundup: Cinco De Mayo Edition | curtis schweitzer (dot) net Mon, 05 May 2008 18:50:42 +0000 http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269937 [...] vs. Yahoo: The big news today is the plummeting value of Yahoo, whose stock price is several miles higher than I think any company with a red exclamation point at [...] […] vs. Yahoo: The big news today is the plummeting value of Yahoo, whose stock price is several miles higher than I think any company with a red exclamation point at […]

]]> By: Jeff C http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269919 Jeff C Mon, 05 May 2008 18:46:31 +0000 http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269919 @31 Great analysis @31 Great analysis

]]> By: Peter Antypas http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269517 Peter Antypas Mon, 05 May 2008 17:32:12 +0000 http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269517 Here's a list of technology "S" curves that span the life of MS, some of which overlap in time: a) The PC b) The Internet c) Gaming d) Digital Media e) Mobile MS won big on (a) and completely missed (b). They caught on to (c) and tried (unsuccessfully so far) to get a footing in (d) and (e) How many companies do you know that have successfully dominated multiple technology "S" curves? I don't know of any (no, Intel isn't one either). Microsoft, on the other hand, tried to do too many things and as a result did most of them poorly, just like Yahoo spread themselves too thin. Remember the "peanut butter manifesto"? Without Yahoo or AOL or someone else established in (b) MS will pretty much have no choice but to forget about the Internet. With the inevitable decline of (a) and their failures in (d) and (e) that's not an option if they want to continue to be relevant. This isn't over yet, not by a long shot ... Here’s a list of technology “S” curves that span the life of MS, some of which overlap in time:

a) The PC
b) The Internet
c) Gaming
d) Digital Media
e) Mobile

MS won big on (a) and completely missed (b). They caught on to (c) and tried (unsuccessfully so far) to get a footing in (d) and (e)

How many companies do you know that have successfully dominated multiple technology “S” curves? I don’t know of any (no, Intel isn’t one either). Microsoft, on the other hand, tried to do too many things and as a result did most of them poorly, just like Yahoo spread themselves too thin. Remember the “peanut butter manifesto”?

Without Yahoo or AOL or someone else established in (b) MS will pretty much have no choice but to forget about the Internet. With the inevitable decline of (a) and their failures in (d) and (e) that’s not an option if they want to continue to be relevant.

This isn’t over yet, not by a long shot …

]]> By: spandana http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269455 spandana Mon, 05 May 2008 17:20:42 +0000 http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269455 the gilmore gang's prediction of bloodbath and black monday are proving to be non-sense (in hindsight of course). hulu redux? the gilmore gang’s prediction of bloodbath and black monday are proving to be non-sense (in hindsight of course). hulu redux?

]]> By: TechCrunch Japanese アーカイブ » Yahoo株20%ダウン、ブラックマンデーの長い1日が始まる http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269402 TechCrunch Japanese アーカイブ » Yahoo株20%ダウン、ブラックマンデーの長い1日が始まる Mon, 05 May 2008 17:10:11 +0000 http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269402 [...] [原文へ] [...] […] [原文へ] […]

]]> By: Yahoo On Its Own | Redfin Corporate Blog http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269356 Yahoo On Its Own | Redfin Corporate Blog Mon, 05 May 2008 17:03:11 +0000 http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269356 [...] is dancing on Yahoo’s grave this morning, after Wall Street punished the company for rejecting Microsoft’s merger offer. But perhaps because I came of age when Yahoo! [...] […] is dancing on Yahoo’s grave this morning, after Wall Street punished the company for rejecting Microsoft’s merger offer. But perhaps because I came of age when Yahoo! […]

]]> By: Andy Gongea http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269310 Andy Gongea Mon, 05 May 2008 16:54:44 +0000 http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269310 This is a decent price for Yahoo... quite premium I would say. Maybe tomorrow will bring something new, but I think that for the next couple of months the price for Yahoo! will be in the 22$ range. This is a decent price for Yahoo… quite premium I would say. Maybe tomorrow will bring something new, but I think that for the next couple of months the price for Yahoo! will be in the 22$ range.

]]> By: Lawrence Salberg http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269291 Lawrence Salberg Mon, 05 May 2008 16:50:48 +0000 http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269291 Erick wrote: 'if the shares don’t drop much further, that could mean Wall Street is still pricing in another takeover attempt from Microsoft or someone else..." ... or that maybe many people find extreme value in Yahoo and that this Microsoft battle increased that value in our minds, and in Yang and Co. The real story is what will happen to Microsoft stock over the next few weeks and months as their failures pile up. What failures does Yahoo have? That they are #2 after Google (and in search and advertising only)??? Hardly a failure in most people's books. But Microsoft? They have had nothing but failures galore as of late... Vista losing to Mac/Linux,XP, Live (what is it even? who knows? who cares?), European Union fines, Office 2007 losing to Google Docs, etc, crazy Minority Report surface tables... In fact, in the past five years, Microsoft's biggest success has been... Halo and the XBox 360. Question: How many people in your address have a msn.com email address? Now count Yahoo and Gmail. Yahoo (and AOL) still win. Gmail is a close third for most folks (2nd or 1st for web workers). MSN? I have one contact - out of 330. Two if you count the one microsoft employee's work email (@microsoft.com). The second biggest success for Microsoft would have been it's steal of Yahoo if it had gotten away with it. They might still try, but the real spotlight is on Microsoft. Quite frankly, what does the world need them for anymore? In my humble opinion? Nothing. Nothing at all. And I'm not a MS hater - I'm using XP right now and have Vista at home. But I could easily move to another platform if I had to. Besides, the O/S won't go away if M/S does. It will get sold as an asset. Who will buy it? Hmmm... I'm thinking IBM. Seems fitting. Gates *stole* MS-DOS from IBM 25 years ago or so. The circle would be complete. Erick wrote: ‘if the shares don’t drop much further, that could mean Wall Street is still pricing in another takeover attempt from Microsoft or someone else…”

… or that maybe many people find extreme value in Yahoo and that this Microsoft battle increased that value in our minds, and in Yang and Co.

The real story is what will happen to Microsoft stock over the next few weeks and months as their failures pile up. What failures does Yahoo have? That they are #2 after Google (and in search and advertising only)??? Hardly a failure in most people’s books.

But Microsoft? They have had nothing but failures galore as of late… Vista losing to Mac/Linux,XP, Live (what is it even? who knows? who cares?), European Union fines, Office 2007 losing to Google Docs, etc, crazy Minority Report surface tables…

In fact, in the past five years, Microsoft’s biggest success has been… Halo and the XBox 360.

Question: How many people in your address have a msn.com email address? Now count Yahoo and Gmail. Yahoo (and AOL) still win. Gmail is a close third for most folks (2nd or 1st for web workers). MSN? I have one contact - out of 330. Two if you count the one microsoft employee’s work email (@microsoft.com).

The second biggest success for Microsoft would have been it’s steal of Yahoo if it had gotten away with it. They might still try, but the real spotlight is on Microsoft.

Quite frankly, what does the world need them for anymore? In my humble opinion? Nothing. Nothing at all. And I’m not a MS hater - I’m using XP right now and have Vista at home. But I could easily move to another platform if I had to.

Besides, the O/S won’t go away if M/S does. It will get sold as an asset. Who will buy it? Hmmm… I’m thinking IBM. Seems fitting. Gates *stole* MS-DOS from IBM 25 years ago or so. The circle would be complete.

]]> By: Dash Chang http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269204 Dash Chang Mon, 05 May 2008 16:33:25 +0000 http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269204 Not surprising. The web 1.0 leader worries about survival as a stand-alone property. Wall Street cares about growth and Yahoo has lost market share during the web 2.0 resurgence. Like <a href='http://adecon101.blogspot.com/2008/05/brand-yahooalice-in-wonderland-little.html' rel="nofollow">Alice in Wonderland</a>, the Yahoo community is bewildered. Not surprising.

The web 1.0 leader worries about survival as a stand-alone property. Wall Street cares about growth and Yahoo has lost market share during the web 2.0 resurgence. Like Alice in Wonderland, the Yahoo community is bewildered.

]]> By: Masseratti http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269188 Masseratti Mon, 05 May 2008 16:31:25 +0000 http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269188 Hey mister the-sky-is-falling arrington! Yahoo is going up if you understand stock trends (wich I doubt) M$ still in their 20s for the eighth year this decade (ballmer's decade) Apple rocketing past $180 and the iphone 3G is not out yet. and the GOOG, the clear winner here. So, your beloved M$ is still the fetid piece of shit it has always been. Hey mister the-sky-is-falling arrington!
Yahoo is going up if you understand stock trends (wich I doubt)
M$ still in their 20s for the eighth year this decade (ballmer’s decade)
Apple rocketing past $180 and the iphone 3G is not out yet.
and the GOOG, the clear winner here.

So, your beloved M$ is still the fetid piece of shit it has always been.

]]> By: Sandeep http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269174 Sandeep Mon, 05 May 2008 16:28:18 +0000 http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269174 Well, as I said in my earlier comments on other article, YHOO will not go into teens! It will hover around in twenties. Validated. Well, as I said in my earlier comments on other article, YHOO will not go into teens! It will hover around in twenties. Validated.

]]> By: Behind the scenes http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269071 Behind the scenes Mon, 05 May 2008 16:08:04 +0000 http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2269071 Maybe Microsoft already made the money they wanted. Has anyone checked to see if any Microsoft interests bought up yahoo stock before the 'buyout offer'. And if they sold Yahoo stocks just before the gave up on the 'buyout offer' ? Maybe Microsoft already made the money they wanted.

Has anyone checked to see if any Microsoft interests bought up yahoo stock before the ‘buyout offer’. And if they sold Yahoo stocks just before the gave up on the ‘buyout offer’ ?

]]> By: Hessie Jones http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2268987 Hessie Jones Mon, 05 May 2008 15:52:15 +0000 http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2268987 The fact that Microsoft hasn't been able to successfully complete this takeover says volumes. Yahoo! is a much stronger entity and can survive without MS. MS, on the other hand, is struggling in the online space, needs some kind of recovery from the VISTA fiasco and has been looking for a distraction. Yahoo!'s doing some pretty interesting stuff lately. Who knows but I think the future looks brighter for Yahoo! The fact that Microsoft hasn’t been able to successfully complete this takeover says volumes. Yahoo! is a much stronger entity and can survive without MS. MS, on the other hand, is struggling in the online space, needs some kind of recovery from the VISTA fiasco and has been looking for a distraction. Yahoo!’s doing some pretty interesting stuff lately. Who knows but I think the future looks brighter for Yahoo!

]]> By: Ha http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2268975 Ha Mon, 05 May 2008 15:49:47 +0000 http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2268975 I closed my yahoo mail this morning I closed my yahoo mail this morning

]]> By: Moritz Schroeder http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2268970 Moritz Schroeder Mon, 05 May 2008 15:48:37 +0000 http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2268970 @Fabian, i agree. There is quite some potential within Yahoo and they justed had begun to recover from the "semelisis" starting to turn the company around when MS knocked at the door. Give them a bit time. Michoo would have been a disaster for both anyway. @Fabian, i agree. There is quite some potential within Yahoo and they justed had begun to recover from the “semelisis” starting to turn the company around when MS knocked at the door. Give them a bit time.

Michoo would have been a disaster for both anyway.

]]> By: jb http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2268943 jb Mon, 05 May 2008 15:42:53 +0000 http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2268943 Yahoo stock was up above $30 just a few months ago, and then inexplicably fell and kept falling to $19. THAT is when Microsoft jumped into make an offer.. when stock was down. So they've reported another profitable quarter.... I think $25 is where it should be (sans Microsoft) if not higher. I think the $19 price that it had dropped to was illogical to begin with. Yahoo stock was up above $30 just a few months ago, and then inexplicably fell and kept falling to $19. THAT is when Microsoft jumped into make an offer.. when stock was down. So they’ve reported another profitable quarter…. I think $25 is where it should be (sans Microsoft) if not higher. I think the $19 price that it had dropped to was illogical to begin with.

]]> By: Mike D http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2268767 Mike D Mon, 05 May 2008 15:09:30 +0000 http://www.techcrunch.com/2008/05/05/yahoos-black-monday-begins-with-shares-down-20-percent/#comment-2268767 Eric (#10), I didn't post a prediction here yesterday but I did vote on Fred Wilson's poll on his A VC blog. My prediction was a $24 closing price. Longer term I think it's going to be in a trading range between $20 and $26 for a month or two. I'll be surprised if it dips into the teens in the next 6 months. Eric (#10), I didn’t post a prediction here yesterday but I did vote on Fred Wilson’s poll on his A VC blog. My prediction was a $24 closing price. Longer term I think it’s going to be in a trading range between $20 and $26 for a month or two. I’ll be surprised if it dips into the teens in the next 6 months.

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