T. Boone Pickens Loses Shirt on $250M Yahoo Bet

Opps!!! That's what you get for investing in Yahoo at this point!

As the saying goes…”You can pick your friends, you can pick your nose, but you can’t pick your friend’s nose.” Looks like Pickens tried to pick Carl's nose (by following his lead) and lost! Way to pick a winner, Pickens. Did I use "pick" too much?

He shouldn't blast Yahoo management but himself. He followed Icahn blindly to make a quick buck. The reality is Microsoft just wants to parcel up Yahoo and take away the search engine part at minimal cost. No overall deal for Yahoo was on the table . Sorry Boone and Icahn you guys should blame MS for playing games and for suckering you in.

Ouch. And I was beating myself up for a $20k loss a few days ago. I feel great, now! Yahoo! is tragically unfocused, right now. I hope this donnybrook they've found themselves in will light a fire under their butts, because they have a company to die for and they're doing remarkably little with it.

ha makes up for all that oil blood money

kegred: I couldn't agree me. MS is a swarm of locusts. They come in, suck companies dry, and dump the carcass. They want search because MSN Live search is worse than Cuil and hoped to lowball Yang into selling his company so they can actually compete. Rule #1 in the MS strategy book, "if you can't beat 'em, buy 'em". Except they weren't able to bully their way to a deal this time.

Pickens certainly has to know more than most about Yahoo. I'm sure he has the best research people and also has access to most all in the investment community. I am glad not to own Yahoo at this point. I would say it could be a great short. Can't think of any reason this stock would gain in value.

Yahoo would have been ruined had they Sold Out... I don't know what web portal to use if that happened. Because all the rest suck. Supposedly both these guys are supposed to be against the elitist; but sure sounds like they have sold out to the elitist. Good try guys...HAHA

We got Yanged! !#@!

And this guyz going to solve the energy crisis ? pfft... You best remain an "Oil Man". May help with loob the rimjob.

Yippeeee! It's great to see the "big boys" get it wrong sometimes!

He got Yanged alright. The arrogant yahoo and Pickens got in a dal and the arrogance won out.

Microsoft was willing to pay 33 dollars a share for Yahoo. A huge premium...How is this considered "lowballing"? Yang got greedy and foolish. I feel bad for the yahoo stockholders, but now microsoft should come in and offer 23 dollars a share! Yahoo is on sale. Or better yet, maybe Microsoft should just wait for the "clearance sale". Yahooooooooo!!! :-)

What goes around comes around.In the early 80's Edward Jones was selling NRM an oil company partnership.It went belly up in a short time.T.Boone had his attorney's make a sweet deal on it, leaving the rest of the share holders with nothing.We all lost alot......nuff said.

well when T-Boone sales the new democratic leader his load of bull on wind power and how it is the panacea to the oil crisis, he will more than make up for his blind faith in Ichan but in the meantime I suspect he will be ther first in line for the class action suit againt yanghoooooo

i hope yang will be booted out. he owns 5% of company. he has screwed the people (stockholders), who own the other 95%. this is unforgivable. i can't believe he won't get the boot. i don't care if they sell yahoo and the new buyer burns it down. me and the other 95% stockholders bought the stock to make money. not to have the ceo screw us all .

i thing yang is a total moran hes greedy and does not know how to run a company i felll so bad for all the shareholders who own the stock its very unfair what yahoo did to all of us including my self i hope yang trips on his yang

I need $350,000 to keep my auto dealership alive and thes guys blow through MILLIONS without blinking. IT'S DAMN UNFAIR.

Yang blew the deal all by himself! Investors lost because they thought they could trust the Yahoo board to be reasonably responsible. Instead, they are a bunch of idiots that should all retire on the wealth that they have already accumulated--thus the reason for thier cockiness. Please Microsoft, stay away from Yahoo!

Boone and his cohorts are no dummies, though these guys are not always smarter than most. The Yahoo deal was dead from the start and I love their products and would have liked to have seen the marriage. But it was not to be. Icahn - no love lost there - he got what he has today by crushing others along the way.