Tuesday, March 25, 2008
Yahoo: Time to Negotiate With Microsoft?
So, no surprise, according to multiple sources I talked to yesterday, the roadshow by top Yahoo execs–CEO and Co-Founder Jerry Yang, President Sue Decker and CFO Blake Jorgensen–to tout the new growth plan the company unveiled last week was not such a hit with shareholders.
While the group met with polite audiences, most investors I talked to were unenthusiastic about the plan and dubious that Yahoo’s blue-sky hopes would come through. “I think we wanted to give Jerry a hearing, but mostly to save face,” said one investor, in a sentiment that was typical.
