For those of you contemplating buying some Yahoo! after today’s “plunge,” consider this. Immediately prior to Microsoft’s bid to acquire, YHOO stock was lower than today’s price. In other words, it hasn’t plunged at all.
And, while they may have gained some degree of credibility for fighting off the big ugly fish, they’ve also ran off a lot of brilliant people in their scramble.
For what it’s worth, I’m glad Microsoft didn’t get their straw in my milkshake – I have a lot of data inside Y! properties. But I’m still not ready to believe the kick in the head was enough to get them making sense (ie, acting strategically).
We’ll see what happens. In the meantime, I still say get your money in gold. It doesn’t compete against Google.