Replies to post #109337 on The Question and Answer Board (IHUB)

[Stock]

Matt, are you and Clem going to bid for YHOO now? I think it might be worth a nickel.

YHOO Finance message boards are all spam, all the time.

But they do have Henry Blodgett pumping their stock.

Henry Blodgett is wrong. Imagine that.

Microsoft (MSFT) Launches Yahoo Earnings Damage Control
Henry Blodget | April 22, 2008 10:14 AM

Speaking in Morocco (Morocco), Steve Ballmer launches phase 2 of Microsoft's damage control and expectations-management around Yahoo's earnings (YHOO). Specifically, he suggests Yahoo's Q1 results, no matter how good, won't change Yahoo's value to Microsoft.

What Steve is trying to do here, of course, is suggest that Microsoft won't raise its bid after Yahoo reports a strong quarter, which it is now widely expected to do. But note that that's not exactly what he said:

"We think we can accelerate our strategy by buying Yahoo and will pay what makes sense for our shareholders," Ballmer said. "I wish Yahoo all the success with its results, but it doesn't affect the value of Yahoo to Microsoft."

"Doesn't affect the value of Yahoo to Microsoft..." That's not, "We won't raise our bid no matter what they report."

Who's to say what Yahoo's real value to Microsoft is?

Certainly Steve Ballmer hasn't said it.

We suspect it's about $35 a share.

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Sat May 3, 8:24 PM ET

SEATTLE - Microsoft says it's dropping its three-month-old bid to buy Yahoo because the two sides can't agree on an acceptable sale price.

Microsoft Chief Executive Steve Ballmer says in a letter sent to Yahoo on Saturday that the software maker was willing to pay $47.5 billion for Yahoo. That's $33 per share.

Ballmer says Yahoo insisted that Microsoft pay at least $53 billion. That's $37 per share.

Microsoft's original offer was $44.6 billion, or $31 per share.