Thursday, September 4, 2008
Look Out Below!–But Yahoo’s Battered Stock Isn’t the Only Weak One in Tech
It is absolutely worrisome that Yahoo’s share price continued its downward swirl today, closing at a five-year low today at $17.75.
The downward drift far from the it-can’t-drop-below-$20 barrier makes it clear that Wall Street is valuing the company at close to what it could sell its assets off for and not much more and this obviously puts additional pressure on the already squashed-down Yahoo management to perform.
In fact, with all this pressure, you’d think Yahoo CEO Jerry Yang would have turned into a twin of the cursed Hope Diamond by now.
