Wednesday, December 2, 2009, 8:27PM ET - U.S. Markets Closed.
The (apparent) demise of the Microsoft-Yahoo negotiations has also brought a lot of criticism down on Steve Ballmer, including reports in both Valley Wag and Tech Crunch that this episode could cost Ballmer his job.
Clearly, Ballmer made some tactical errors - most notably threatening to lower the bid for Yahoo and then shortly thereafter reversing course and letting it be known Microsoft would pay more than $31 per share for Tech Ticker's parent.
Also, The Wall Street Journal reports on a Microsoft offsite in March where Ballmer apparently confused some senior Microsoft executives about his true intentions with Yahoo.
Arguably pursuing Yahoo in the first place was a strategic error on Ballmer's part. Critics say Ballmer is obsessed with fighting Google over search, a war it has already lost, when the company should instead be focused on how to protect its core Office and Windows businesses given the shift to cloud computing.
Yes, the onus is on Ballmer now to come up with a viable Plan B for Microsoft's online effort. But if he was a fool for offering $31 a share for Yahoo, shouldn't Ballmer be praised, rather than skewered, for refusing to pay more and walking away?
That Ballmer's a clown that needs to get fired and let some competent new blood in to revitalize Microsoft.
ballmer getting fired! come on he made no mistake here. yahoo was just proven to not be worth any bid that was offered. it just showed today in the stock hit. it's worth les than $20. mor like $15 based on it's rev loss
Like the Bush administation, Microsoft has a bad reputation according to their peer groups. This represents a terrible handicap for accomplishing much in the future, therefore both CEOs should resign for the benefit of their respective organizations
I wanted him to win just so they could burn all that cash on something they have no idea how to use effectively.
Ballmer proved he's smarter than Yang by a long shot.
Ballmer has been the most overrated CEO in America for quite some time. He has made critical strategy and organizational mistakes on a number of occaions over the years and survived becasue he is FOB. Snart man indeed, but a buffoon. He hires great people to get MSFT to a formidible online presence, but push most out - its always been his way for the highway. Moving Ballmer to pasture would be the best single factor to try to get MSFT off the dime for the online enviornment. YHOO's blisters aside - good mgmt would have made it be a successufl marriage - but certainly Ballmer would have blown it.
Someone has taken 'saveyahoo.com' - which I was thinking of registering few days back and starting a blog about. But it ain't necessary anymore ... glad for MSFT pulling out at the right time, else it would have given birth to too many illegitimate children...
When 2 giant egos clash this is the result no winners only losers
so... why can't balmer bashers have it both ways?
Whether Ballmer is right or wrong, he deserves respect for putting company's interest before his ego (especially because its huge !).
After the dust settles. The fact that Yhoo survived the onslaught of wallstreet and still has its head above water, CREDIBILITY will be the name that the two ceo will have to live by. MR. Yang all throughout the game has maintained the same stance of getting what he deemed as the true value of his company while Mr. Ballmer on the other said at fist he won,t raise the bid then threatens for a hostile takeover then according to him he raised his final bid to $33.00!! Who will be more believable next time?Will wallstreet believe him nexttime?
I believe Yahoo execs were too greedy. It is very difficult to blame MicroSoft. They offered more than what yahoo was worth. Let us see how Yahoo exec's show their performance and justify the value they had in mind.
I think this was a tactical move by Ballmer and some Wall Street pals. They knew Yahoo's price would tank after the news. So now they wait and hope Yahoo's financials get worse, then Yahoo is forced to accept the bid (at an even lower price). This is not the end by any means. It was a way to avoid a proxy fight and keep the acquisition price lower. The last thing you want is a proxy fight. That just gets ugly and expensive.
I am wondering if the boys at MSFT and Yahoo are still competent to run huge companies. When reading the saga of the buy out, you fill that you are dealing with people with big egos and small ..... It is sad and make me wonder if I should keep my money with either company.
As an enthusiastic Yahoo! user, I'm just relieved the Evil Empire monopolists didn't swallow Yahoo! and morally oblige me to switch to a different portal. As an investment, I much prefer Google to either of these for various reasons, but I don't care for Google as a portal.
Anyone who thinks ballmer is to blame is ignorant.. YAHOO is not worth over 31/share. watch where yahoo falls in the next few months. it will be in teens by mid summer.
Funny how many "experts" have such strong opinions on issues they will never get to face themselves. Balmer and Yang may both be arrogant but only one of them really needs to be concerned at this point .......
Hello??? Ballmer is one of the largest MSFT shareholders, therefore his interests are aligned with the shareholders as he showed by not buyingYHOO at all costs. End of story!
I don't understand what the fuss was all about. Microsoft went after Yahoo to bolster their internet search business. I believe he definitely offered Yahoo more than they are worth and Yahoo had the right to ask for more (being greedy that they are) and so Microsoft walked away. Time will tell if Yahoo truly has a plan to turn around their fortunes but a lot of people investing at Microsoft are breathing a little easier this deal fell thru. So more on, no need to bead the dead horse.
Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes for NASDAQ, NYSE and Amex. See also delay times for other exchanges. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. Fundamental company data provided by Capital IQ. Financials data provided by Edgar Online. Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data, daily updates, fund summary, fund performance, dividend data and Morningstar Index data provided by Morningstar, Inc. Analyst estimates data provided by Thomson Financial Network. All data provided by Thomson Financial Network is based solely upon research information provided by third party analysts. Yahoo! has not reviewed, and in no way endorses the validity of such data. Yahoo! and ThomsonFN shall not be liable for any actions taken in reliance thereon. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.
andrewm - Monday May 05, 2008 02:24PM EDT
Ballmer knows what he is doing. You'll see.