Finally, Yahoo!’s CEO Jerry Yang is gone. Unfortunately, statements like the following show he was so disconnected from reality:
“despite the external environment we face, the fact remains that yahoo! is now a significantly different company that is stronger in many ways than it was just 18 months ago.”
The only thing strong about Yahoo! is that:
they are a strong sale.
they are a strong target.
they are strongly looking forward at pre-Christmas layoffs.
I have seen this so often: make a buy offer to a competitor. If he refuses to sell, just wait and buy it later for less. Microsoft is good at playing this game.