Monday, May 5, 2008

YHOO offer withdrawn, but the stock price has not recovered

So, the spell of insanity must have passed over, and Microsoft has withdrawn Yahoo offer. This is a good thing for Microsoft - the combination would have never worked: http://1-800-magic.blogspot.com/2008/02/50b-down-drain-or-microsoft-bids-for.html.

The bad news, however, is that destruction of the shareholder value is not as easily reverted.

Look at today's stock quote. When the proposed deal was announced ('J' on the chart below), Microsoft has dropped more than $2 per share. Now that the deal was withdrawn, it has rebounded - but by a mere 40 cents...

2 comments:

Dzembu Gaijin said...

ts...ts... This is a gift: get MS stock now for cheap and get reach when it rebound: after all how else you can do cash if it will not move, now it set in moition ! Balmer is smart!

Sergey Solyanik said...

Yep - I was collecting it for the 9 out of the last 10 years. No payoff so far though...