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Yahoo! Inc. Message Board

  • kittycrazy21 kittycrazy21 Mar 30, 2012 1:18 AM Flag

    We should expect major announcements next week

    I believe Yahoo! will have at least two major announcements next week:
    1. Yahoo! announces a clear strategic plan (this is needed to have any chance against Loeb in a proxy battle; our new CEO has claimed in his response to Loeb's last SEC letter that he will be making clarifications very soon)
    2. Yahoo! announces major layoffs (Swisher had earlier implied the layoffs would be announced in March)
    3. Yahoo! announces a deal for some or all of its Asian assets (everyone knows the ongoing drama and continuous "talks", including several sources in Asia--e.g.Doug Young--thought this would happen in mid-March; given that the new BOD members are taking office on April 4th, my guess is the current members have already cleared a new term sheet for an Asian asset deal--if not, the process would start again from scratch giving Loeb ample ammunition for his proxy war)
    4. Alibaba Group announces an IPO timeline for the entire company (in lieu of 3, this would sway favor with current shareholders toward Yahoo! BOD and away from Loeb)

    Without any of these announcements, Yahoo! will not be able to stop Loeb from succeeding in his proxy battle. Loeb has proven himself effective to protect shareholders and has won loyaltly of many. Yahoo! has one week to be proactive in justifying its new BOD assignments and further address shareholder frustration with the level of silence on the strategic review process

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