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    • How Much Will Jerry Yang's Ego Cost Yahoo Shareholders? [view article]
      I totally agree with freakyguy666.....Jerry was by far the largest cheerleader proclaiming that the proposed offer "Significantly Undervalued" the company - at the time of the offer MSFT was willing to pay >60% premium which is higher than GOOG's current multiple and they are a far superior company by almost every measure.

      For me, this is the best of all options. I am long MSFT and have May 24 YHOO puts. I was counting on the combination of the following: 1) The stupidity of YHOO shareholders thinking that the company, whose earnings are crap, are actually worth a GOOG multiple 2) SB standing his ground as he is known for not taking crap 3) JY's ego and lack of touch with reality. YHOO (even with Jerry Yang) has had a poor history of being able to live up to it's multiple and monetize it's traffic.

      I hope the YHOO shareholders sue the YHOO board or at least write Jerry (the primary outspoken opponent for the merger - with a huge influence of the board with his significant % of shares) and the YHOO board an email thanking them for their disregard for their shareholders and complete wealth destruction. They made a dumb bet and will pay on Monday.

      May 04 07:03 AM
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