Monday, June 18, 2007

Semel Out at Yahoo

Yahoo Inc. Chairman Terry Semel stepped down as chief executive in a
surprise move Monday, ending his increasingly ineffectual pursuit of online
search leader Google Inc. -- a losing battle that had demoralized Yahoo's
shareholders and employees.

Finally, this stock might start to go up again. They faced a shareholder revolt just last week that didn't seem to prove anything other then people want this guy out. Now lets home that the next guy Jerry Yang can allow them to compete one-on-one against Google. The stock has already seen a 7% jump today and after hours.

I think that Yahoo is going to sell the company to Microsoft or someone in the next several quarters. It just seems like a likely conclusion of ousting a rock-star CEO and then putting in one of the founders at the top spot. In any case we will probably see a Carly Fiorina-out-at-HP bump in the stock going forward depending on how things play out.

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