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Yahoo Announces Resignation of Jerry Yang

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Re: Yahoo Announces Resignation of Jerry Yang

#3
This is a good thing for Yahoo! Jerry Yang was a good founder and entrepreneur, but he doesn't have the skills or knowledge to run a Fortune 500 company. His decision not to sell to Microsoft and hiring Carol Bartz are some of his most fatal mistakes as Chief Yahoo!

Re: Yahoo Announces Resignation of Jerry Yang

#5
I'd be interested to learn about his views and opinions on Yahoo during these past 15+ years. From the various things I've read about him, he seems like he was just a nerd at heart who wasn't interested in the entire business side of Yahoo, and when Yahoo started exploding, he had that "Allen/Woz" mentality of missing the "good old days". I heard about the stories (fair or not) of him spending more time on the golf course than the board room. I also have to think back a few years to when he said "No" to Microsoft's offer for acquisition, a very foolish move looking back.

I guess what I'm really saying is I'd like to read his biography when it comes out.

Re: Yahoo Announces Resignation of Jerry Yang

#6
Yahoo is usually talked about as if it's a joke or a failure. According to a cursory check (ahoy - I'm no finance king so I could be reading this wrong) it's worth $19 billion. If I could fail half as well, I'd be pretty happy.

Honest question: Am I missing something really obvious? Is Yahoo really falling apart (slowly I guess as the same has been said for the past decade)? Or is it a case of not fulfilling potential?

Re: Yahoo Announces Resignation of Jerry Yang

#8

Yahoo is usually talked about as if it's a joke or a failure. According to a cursory check (ahoy - I'm no finance king so I could be reading this wrong) it's worth $19 billion . If I could fail half as well, I'd be pretty happy. Honest question: Am I missing something really obvious? Is Yahoo really falling apart (slowly I guess as the same has been said for the past decade)? Or is it a case of not fulfilling potenti…

Yahoo is way under valued. Yahoo was considering selling its stakes in Yahoo Japan and Alibaba Group for $17 billion. Yahoo's current market cap is $19 billion PLUS $2 billion cash. Does that somehow make the value of its U.S. assets negative?

Re: Yahoo Announces Resignation of Jerry Yang

#9

Yahoo is usually talked about as if it's a joke or a failure. According to a cursory check (ahoy - I'm no finance king so I could be reading this wrong) it's worth $19 billion . If I could fail half as well, I'd be pretty happy. Honest question: Am I missing something really obvious? Is Yahoo really falling apart (slowly I guess as the same has been said for the past decade)? Or is it a case of not fulfilling potenti…

Yahoo, like a lot of shitty corporations in death spiral, is worth less than the sum of its parts. It's not as if the stock price times shares = market cap is really a great figure, at least over short periods of time, but in the long term, reality tends to converge.

Sun was sitting on a cash hoard of billions when Oracle bought it -- plus MySQL, plus some actually valuable technology, plus a lot of great engineers, plus patent portfolio. The assets were probably worth 2-3x the acquisition price!

When HP split into HP and Agilent, the printer business alone was valued at more than the entire market cap of the company; the rest of HP was perceived as having negative value.

A lot of Yahoo's value is in investments in Asia, investments which are rapidly trying to divorce themselves from Yahoo.

Yahoo arguably has a sustainable display ad business, and some destination sites, (although I personally am not into advertising), but to make the turnaround, you'd want to axe the top several tiers of management. The new CEO is a good start; this is a great second step.

A rational world with honest and effective boards of directors, coupled with greedy and self interested PE firms of large size probably would have already broken up Yahoo, HP, and RIM. The biggest crime with these companies is the thousands of great engineers stuck there, not accomplishing what they could at more effective organizations.

Re: Yahoo Announces Resignation of Jerry Yang

#10
post #8

Yahoo is usually talked about as if it's a joke or a failure. According to a cursory check (ahoy - I'm no finance king so I could be reading this wrong) it's worth $19 billion . If I could fail half as well, I'd be pretty happy. Honest question: Am I missing something really obvious? Is Yahoo really falling apart (slowly I guess as the same has been said for the past decade)? Or is it a case of not fulfilling potenti…

Yahoo is way under valued. Yahoo was considering selling its stakes in Yahoo Japan and Alibaba Group for $17 billion. Yahoo's current market cap is $19 billion PLUS $2 billion cash. Does that somehow make the value of its U.S. assets negative?

What value that Yahoo chooses to assign to its own divisions is kind of besides the point.
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