Microsoft (MSFT): A pox on the House of Yahoo! (YHOO)
Posted May 21st 2008 8:33AM by Douglas McIntyre
Filed under: Deals
Carl Icahn is known as much for his mistakes as his successes. His process for making money is based on forcing management to do the right thing. He cannot, however, control the forces of the fates and furies, the trends which wreck businesses or old decisions which can come back to haunt the living.
Most notable among Icahn's recent errors are Blockbuster (NYSE:BBI), a movie rental chain which is part of the Stone Age of media, and Motorola (NYSE:MOT), where the handset operation died so quickly that it did not even make it to the door of an emergency room.
Now, Icahn's latest gambit, a play to get Yahoo! (NASDAQ:YHOO) to sell-out to Microsoft (NASDAQ::MSFT) for $33, may have gone off track. Microsoft is no longer interested. So says Steve Ballmer, the Genghis Khan of the software world.
Continued at 24/7 Wall St.
Tags: BBI, Carl Icahn, CarlIcahn, MSFT, YHOO
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