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[GrandpaDude]

Over-eager Disney shareholders disappointed by Yahoo announcement: Yahoo's dismal news confirmed some
informed speculation that had vipered throughout Wall Street for much of Wednesday. Among the many possible
scenarios considered by observers and investors alike was a lousy earnings announcement, an acquisition by Disney
or Vivendi, or a near apocalyptic cost-cutting initiative involving massive layoffs. Indeed, "Influential Merrill Lynch
analyst"TM Henry Blodget wasn't above indulging in some speculation of his own about the company which had earlier
in the day cancelled an appearance at an Internet conference being hosted by his employer. "To our knowledge,
" Blodget wrote in a memo, "Yahoo has never canceled the day before a conference. As a result, it seems prudent to
review the usual reasons that led to such cancellations." Blodget, clearly hard-pressed to cover all his bases, said the
announcement "[would] likely be one of four usual possibilities: impending earnings pre-announcement and)
Restructuring, major acquisition, take-out or strategic investment, (or) major management change."

http://www.siliconvalley.com/opinion/gmsv/