Nothing speculative about it. They're going to sell. The question is whether there will be additional tax disadvantages that no one has talked about yet. If you don't care about that, you're not a very reasonable investor.
As far as enjoying the summer is concerned, I'm more than capable of enjoying my summer and considering significant economic issues. I can also chew gum at the same time. I'm multi-faceted, apparently unlike yourself.
Let's say Yahoo sells the core and patents and real estate to someone for, e.g., $6 billion. Would that not be a taxable event based on the sales price minus the difference between that $6 billion and the cost basis of those assets? In other words, assuming there's a $1 billion basis, wouldn't the after-tax value of a sale of those assets be closer to $4 billion, if you assume about 35% taxes?
And if that's true, what is the point of this sale, since the market -- in my opinion, anyway -- has never considered a tax deduction for the potential sale of non-Asian assets?
Well, the $5-8 (or $4-7)) is probably for all assets including patents and real estate, whereas the $2-3 probably did not include those assets, so that's kind of misleading. Also, if this turns out to cost Yahoo an extra billion dollars, that's a dollar a share that could have gone into my pocket, rather than being flushed down the toilet.
On a brighter note, maybe there will be no loss. It all depends if Mozilla wants to do business with the new buyer. If that turns out to be Verizon, why would Mozilla not want to hook up with them?
What the heck happened to all of those 100-page confidentiality agreements that all the potential buyers were complaining about? Are they unenforceable? Are there no severe penalty provisions? That being said, this Mozilla giveaway is one more huge and inexplicable bungle by MM. What an incompetent goof she's turned out to be.
Honest to goodness, pebble, when are you going to stop whining about your posts being deleted? I've been on this board for more than 4 and a half years and I've never had a post deleted. You're doing something wrong. If you can't figure out what in all that time, maybe it's you and not them.