Investing & trading with exchange-traded funds (ETFs) and closed-end funds (CEFs). Strategies & analysis but no buy or sell recommendations.

Visit SeekingAlpha ETFs

Yang Fiddles While Yahoo! Burns

Posted on October 12, 2008

It's hard not to feel a smidgen of sympathy for Yahoo! Inc. (YHOO) co-founder and CEO Jerry Yang. Not if you're a shareholder of his company, mind you--they're busily tying a noose, as Yahoo!'s stock price recedes ever farther from that $31 a share Microsoft Corp. (MSFT) was offering only a few months ago. Since then, of course, all hell has busted loose in the global financial markets, punishing Yahoo! even more. Meanwhile, Yang, by all accounts a nice guy (not to mention a terrific entrepreneur), is fiddling a familiar tune. Here's what he said during Yahoo!'s July 22 conference call to di...

Original article link


markets , yahoo