Yang's Internal Email On 'Microhoo'
The San Jose Mercury News published a confidential, internal e-mail from Yahoo CEO Jerry Yang that tells his employees that "absolutely no decisions have been made" about whether the company will take Microsoft's $44.6 billion buyout offer.
"This proposal is just that -- a proposal. And it was only made in the last 24 hours. You can be sure the board is going to review it thoughtfully and carefully, and do what's right for our great company." Read the e-mail here.
Meanwhile, Scott Cleland, president of the telecom research firm Precursor, says Google "must have been caught off guard last week by the Microsoft-Yahoo bid because they are reacting quite rashly and arguably in a way that is not in the best interests of their shareholders." Read more.
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