The arguments that yahoo has deteriorated in the last 3 months don’t hold water with me. How much more deteriorated than when it hit $19 on the last day of Jan. and headed who knows where if msft doesn’t make their bid public.

People keep saying how Icahn lost and he’s going to bail because he got in over his head with this, msft no longer want yahoo and that’s Icahn’s only plan and msft holds all the cards.
Another flawed argument, Icahn will not back out and ruin his reputation. He will never get backing again in his next moves. Unlike msft, he shoots to kill. Msft, like you said, does not have it in their DNA to make big purchases, and they are messing this thing up bad.

The shareholders are ready to back Icahn’s slate and put ‘capable and experienced management in place’. Msft can try and beat us down all they want were not letting go for anything less than $33. We’ll take our chances with new management in place. Yahoo is a dormant giant.

One of Legg Mason’s managers says he wants to know who Icahn and his board (which I think is very capable of choosing the right person) will choose to make up his mind on his vote. Problem is if those candidates have current obligations with other entities they cannot be mentioned until the new board is voted in and the position guaranteed.

With yhoo’s current depressed prices, I think they’ll be a big line of capable ppl ready to take the opportunity to turn it around.

People keep on saying how great Sue is, but your absolutely right, this is the same team that got us in this mess. If Jerry, 100 days or so into office makes a huge reorganization plan where heads fly and a clear and focused strategy emerges then he would have had a chance to run with it. We’re not going to let them patch the holes in the ship that they’ve ignored for so long. ei., the peanutbutter manifesto.

Brad himself was as guilty as anyone else of puffery, indecision, and lack of focus. The guy sat on Yahoo’s most social assets – Mail, Groups, Geocities, etc – and while the internet social revolution transpired, Yahoo did nothing.

Brad’s lack of focus on Groups is imo one of Yahoo’s biggest misses in the past few years. Very valuable social asset with 100m UU – more than MySpace or Facebook (not for long) – but has has been left to die on the vine.