Yahoo Slide Ahead?
February 14, 2010
I have not paid much attention to Yahoo. I check every couple of months to see if the search system is getting better or Binged. So far. Status quo as far as I can tell. I have a sense that Yahoo is following the path worn in the digital forest by AOL. With an influx of Googlers, AOL may have a chance. Yahoo in my opinion thinks that it is a Google-level outfit. Maybe? Maybe not. When I read “Icahn Unloads Most of Yahoo Stake”, I realized that a savvy investor may feel that Yahoo is not going anywhere quickly. The MarketWatch story contained one comment I found interesting:
Icahn reported holding nearly 12 million shares of Yahoo as of the end of December [2009], according to the filing. The high-profile activist investor had owned more than 75 million shares of Yahoo at one point, and reported holding 62.9 million shares as recently as September.
Looks like Mr. Ichan is rethinking his investment in Yahoo. What does his smart money tell us? I don’t get happiness vibes, but I could be misreading a sale of shares when the market is conflicted.
Stephen E Arnold, February 14, 2010
No one paid me to write this. I will report this state of financial non input to the Bureau of Public Debt.
Comments
-
- Subscribe to Beyond Search
Feature archive
News archive
-
