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Archive for May 3rd, 2008

Tags: asides

Updated the MSFT/YHOO post cuz YHOO responded…and its just as funny / shows how immature these rich pricks are

Tags: asides

No Microhoo, damnit, without stocks to trade on the weekend, I’m no better than a bum financial reporter, I feel cheap and dirty, blehhhhhh

Breaking News: Microsoft (MSFT) Withdraws Offer To Acquire Yahoo (YHOO)…My Take

Tags: Breaking News, Financial Media Circus, Guessing Games, Randomness

I tried very hard not to cover this breaking news of Microsoft withdrawing their offer to acquire Yahoo! as I believe it to be utterly useless for trading purposes, especially since we all know there’s gonna be 5,000 articles in the next 24 hours written about it, but the official press release contains some pretty funny stuff towards the end–at least for corporate speak–so it’d be rude of me not to share:

I still believe even today that our offer remains the only alternative put forward that provides your stockholders full and fair value for their shares. By failing to reach an agreement with us, you and your stockholders have left significant value on the table.

But clearly a deal is not to be.

Thank you again for the time we have spent together discussing this.

Sincerely yours,
/s/ Steven A. Ballmer

Yah, that’s just the end of the PR, but the rest of it basically just says you YHOO pricks shoulda taken our money and not been so greedy cuz now we’re gonna clobber you, just like we’ve been doing for a while, not because we’re that good or smart but cuz you guys suck worse. Seriously, that’s what it says. Ballmer admits it. Read it yourself.

UPDATE: This is getitng funnier by the hour…Yahoo! responds in THIS PR saying bah blah blah…here’s the funny part of CEO Yang trying to get back at Ballmer’s putdown:

Jerry Yang, co-founder and chief executive officer, Yahoo! Inc. added, “I am incredibly proud of the way our team has come together over the last three months. This process has underscored our unique and valuable strategic position. With the distraction of Microsoft’s unsolicited proposal now behind us, we will be able to focus all of our energies on executing the most important transition in our history so that we can maximize our potential to the benefit of our shareholders, employees, partners and users.”

It’s like two old former soap stars bickering cuz now they’re both too ugly for daytime TV. Yang, you better STFU cuz you about to get sued by all your shareholders you arrogant @$!hole

Tags: asides

My 7 favorite links from the week that was…

Sykes’ Saturday Seven: Watch Some Crazy Indians & Warren Buffett Screw Up

Tags: Financial Media Circus, Link Love, Value Investors, Videos

Berkshire Hathaway is gonna get taken apart next week as they missed on revenue estimates by $3 billion and took a $1.6 billion loss on derivatives—I like and respect Warren Buffett, but I do look forward to the pain this will cause his sissy value investor cult

This video is tailor made for the narrow-minded value investors out there—while this looks pretty crazy to us, it’s a multi-century tradition older than our entire egotistical culture:

Perruna’s got a cool stock screen