Yahoo Won!

The match is over. Finally, we get some peace. Well, as much peace as possible, because Yahoo's story continues, and it shows some signs that may take a nasty turn already, but at least Microsoft's out of the game. Are you happy? I don't know about you, but Yahoo's shareholders are not happy, for sure, and we're going to see why right away...


Yesterday, Microsoft withdrew its $33 per share offer for Yahoo, and today, the value of of the Internet search giant's shares went straight down. After closing at $28.67 on Friday, today Yahoo's shares fell about 14 percent until 12:20 PM, when a share was priced at $24.65! Anyway, that's slightly better than what happened in early morning, when Yahoo's shares were 20 percent lower than Friday...

While most people inside Yahoo consider Microsoft's withdrawal a victory, shareholders expect now for Mr. Yang and the team to unleash some magic and prove that the company is worth $37 per share, the price Jerry Yang was willing to sell for, or even more.

For example, Darren Chervitz, co-manager of the Jacob Internet Fund, which owns about 150,000 shares of Yahoo, said "I don’t believe that Jerry Yang as a founder, as someone who is emotionally attached to the company, was really looking out for my interest as a shareholder. I don’t think anything Yahoo puts out there is going to be comparable with what Microsoft was offering."

Now, there are a lot of paths to choose for Yahoo, and the fact that they are now trying to outsource some of the searches to Google, with the first tests in this direction proved successful, is a good sign, in my opinion. After all, I guess everyone would like to see Yahoo and Google working together, rather than a Microsoft-controlled Yahoo!