It’s amazing how quickly shareholders and public perception can change on a company. Up to Yahoo!’s disastrous handling of MSFT’s acquisition overture, I was fairly bullish on Yahoo!, despite lacking much faith in Jerry Yang and Sue Decker… I believed that the company’s assets were simply too grandiose for the company to shipwreck.
But with Yang and Decker showing how clueless and reckless they are, I have lost all faith in the company. The stock market has too… evidenced by the company’s slip to less than $20 a share last week.
To avoid the company’s shares to fall further… you are now seeing one desperate attempt of merger after another. Today, it’s AOL Time Warner’s turn to come under the spotlight as a partner in a shotgun marriage. Eventually, one of these dancing partners will stick and merge with Yahoo!… and with that, the company shall sink like a rock.
AOL alone is a fine company, with some great assets.
Yahoo! alone is a fine company, with some great assets.
Combined, it will be a mess to manage.
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