My wife sums up events surrounding my company this way: If you were a small time farmer having a tough time making a living in the 1930’s on a hot Texas prairie and a man in a ten gallon hat offers a big bag of cash for your land that seems too good to be true, close the door on him. You know there’s oil under those dusty fields.
As Y! shareholders, we donâ??t think the board should accept Microsoft’s offer. The deal undervalues the company. Yang and Decker took over mid-2007 and you cannot expect them to make an immediate, direct impact so soon. Hollywood is gone; Silicon Valley is back. Think of Yahoo! as an aircraft carrier trying to make a turn; it will do so slowly. More importantly, the fundamentals are strong, the company is profitable, and most recently met its numbers, even if overshadowed by the company down the road (which missed its numbers last quarter). Tech companies can and do make comebacks. Apple is a prime example. They were not cool until Steve Jobs returned and they started innovating again.
In addition, we do not want Microsoft shares if it is making such a power play for a company that will not fit well within its company. Consider the difference in philosophy regarding open source software.
Note: Before you get out of control, this is only a comment on behalf of our family, not for my employer – I don’t have enough information to ever comment on its behalf. I really do know nothing.