All the kerfuffle over here today concerns that fact that as analysts had expected, Wall Street pummeled Yahoo after Microsoft's decision Saturday to throw in the towel in its bid to acquire the Sunnyvale Internet company. Yahoo's stock price ended today down 15 percent at $24.37 a share, but still up from the $19.18 it closed at the day before Microsoft made its offer public Feb 1.
\Microsoft closed the day down 0.55 percent at $29.08. Pundits (and what the hell do they know?) said Yahoo's failure to drop back to its pre-offer level may reflect expectations that a deal with Microsoft isn't totally dead, and could be revived if Yahoo changes its mind.
But for what it's worth, I think the long-term prospects for Yahoo are worse than ever. As a well known Silicon Valley lawyer put it today... "They are done for. They rolled the dice and lost. They are just going to languish out there. Couldn't have put it any better myself.
George Parker
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