udirtyrat

Is Microsoft Out of Ideas?

If I knew that the value of my own company is much, much higher and didn't see where else I could grow the company that makes sense, I might as well buy my own shares.
Out of ideas....hardly, but most of the MAJOR companies that have hordes of cash do in fact buyback their own shares. Does this hinder innovation, hardly. If Ballmer hadn't said anything about Yahoo back in Jan 08 the stock would be well over $32. Just the fact that they attempted to buy Yahoo but the question of growth.
This crap sidetracked where Msft was going as a stock price. Now that it hit 25 I'd say the real value here IS to buy back my own shares. Stock is already up about 15-20% since then. Yahoo purchase would put it in a hole of 30 billion of debt that would take 10 years to pay off. Yahoo doesn't have that kind of return value. It's lucky it breaks even. Don't worry in about a year Yahoo will be down to 15. Yang & the board have less than a year to turn things around and that's not likely.

Missing: 200 Million Yahoo! Shares from Last Friday's Annual Meeting

You can bet Yang & Co. will come up, like magic, with some mumbo jumbo reason that just won't make any sense. If the BOD DID get that high percentage of "for" votes I'd figure that can't at this stage say otherwise. Everyone is LOSING their shirts, what more can happen. If Miller has an exodus of shareholders selling in his fund the loss will be catastrophic.