Carl Icahn is stepping up to the plate, as CEO Jerry Yang of Yahoo steps down. The mogul and corporate raider secured a hefty chunk of Yahoo stock in preparation for a hostile takeover of the board this summer, but was pre-empted by the failed deal with Microsoft and the signing of a deal with [...]
Icahn and Miller Yahoo’s Salvation?
December 3rd, 2008Third Quarter Results for the Big Three – Google on Top
October 26th, 2008Google, despite a fifty-two week low on the stock market, is still raking in the dough. Their third quarter results blew past predictors once again as they reported a 26% increase in earnings. CEO Eric Schmidt claimed that “Google had a good quarter. Traffic and revenue were both solid. Search query traffic is growing in [...]
Yahoo Stalled on Side of Road?
October 22nd, 2008Yahoo may have missed the opportunity of a lifetime when they turned down rival Microsoft’s offer to buy the company out earlier this year. Since the initial flurry of activity following the failed merger (which included a reshuffle of the board to include Carl Icahn and cronies, an impetuous ad deal with Google and the [...]
Pickens Dumps Yahoo Stock
July 30th, 2008T Boone Pickens, Texas oil tycoon and self styled alternate energy pioneer, has sold his 10 million shares of Yahoo stock following the Yahoo – Icahn deal and prior to Friday’s stockholders’ meeting. Pickens had purchased the stock back in May, when he announced his support of Icahn move to supplant the entire Yahoo board [...]