Will Google Move 10 Points Friday?
Breaking News: Microsoft Pulls Plug on Yahoo Bid
It’s official, Microsoft (MSFT, $29.24, down $0.16) has withdrawn it for Yahoo ($28.67, up $1.86). After going as high as $33 a share, Yahoo held out for $37 which Microsoft simply felt was too high. Microsoft’s decision to walk away from the table came Saturday after last-minute efforts to negotiateRead more
Google Still Going Strong
Follow-Ups
10:00AM (MSFT, $28.69, down $0.30) and Yahoo (YHOO, $26.22, down $0.21) continue to trade lower today. Microsoft lost $0.84 yesterday while Yahoo fell $0.37. With no deal in place in only makes sense that both stocks have suffered. I can only imagine what Microsoft’s “war room” is planning next. AsRead more
Deal or No Deal?
The weekend has come and gone without a deal getting done between Microsoft (MSFT, $29.83) and Yahoo (YHOO, $26.80). Microsoft had given Yahoo’s board of directors until Saturday to agree to its proposal or face a the possibility of a tender offer and proxy battle. Although Microsoft hasn’t revealed itsRead more
Google Should Have Been Strangled
Google Up Strong After the Close
Google (GOOG, $449.54, down $5.49) closed down a little over 1% today but is jumping big-time in early after-hours trading. The company reported 1Q income $1.3 billion, or $4.12 a share, up from $1 billion, or $3.18 cents a share, compared to last year’s 1Q numbers. Impressive. The stock was upRead more