Yahoo Deal, Updated

Since this is the period when most companies make their quarterly reports public, I thought it would be a good idea to return for a while to Yahoo, and its battle for survival. In fact, Yahoo may have had simply some little problems, because the financial results don't look bad. In fact, they look pretty good, but Microsoft won't increase the bid...


First, let's see Yahoo's results for Q1 2008, shall we? According to the Internet giant, its earnings during the first three months of this year were $542.2 million, or 37 cents per share, more than triple its profit of $142.4 million, or 10 cents per share, one year ago.While Steve Ballmer said "We think we can accelerate our strategy by buying Yahoo and will pay what makes sense for our shareholders," Yahoo's CEO Jerry Yang said "Our ability to execute on multiple fronts is clearly improving," so selling to Microsoft is out of question for now.

In the end, it seems Microsoft will move on, and Yahoo will probably get back on track. Here's what Steve Ballmer said regarding this: "We're prepared to move forward without a merger with Yahoo. We think the best way to move forward quickly (and gain critical mass against Google) is to come together with Yahoo. Hopefully that works. But if it doesn't, we go forward. Time is money. We made (that) clear in the last letter we sent."

Well, it didn't work, Steve. That's life! You'd better leave the Internet search market aside and try to give us something much better than Vista with the upcoming Windows 7. Or else...