back to article More layoffs due at Yahoo!

There are likely to be more job cuts at Yahoo! - the first since Carol Bartz took over the CEO's job in January. Official confirmation is unlikely ahead of the company's first quarter results on 21 April. A spokesman for the company refused to comment to The Register. Yahoo! cut 1,500 positions in December last year while …


This topic is closed for new posts.
  1. Anonymous Coward
    Anonymous Coward


    They still exist?

  2. Anonymous Coward
    Anonymous Coward

    Did anyone sue Icahn or Microsoft?

    Lets remember what a anonymous coward on elReg once pointed out:

    $8 a share for you, $27.6 a share for Icahn

    By Anonymous Coward Posted Monday 14th July 2008 18:00 GMT

    1. Well firstly it's not a guarantee, since Icahn has no authority to speak for Microsoft, he can't control what offer they make him once he's burned the company.

    2. The guarantee requires that Yahoo delivery the hits and page views to Microsoft search. But people don't use Microsoft search so this is worthless, if Microsoft fail to get the users, then they get let out of the 'guarantee'.

    3. $2.3 revenue for 5 years is $8.33 a share (assuming they mean 2.3 a year for 5 years and not 480 million *5).

    4. $1 billion for Yahoo's cherry, it's search, that's $0.72 a share.

    5. $2.8 billion loan, presumably with interest, so a payment from Yahoo to Microsoft of about $1 a share in interest back to Microsoft.

    6. " Under the deal, according to Icahn, Yahoo shareholders would receive $16.25 per share in distributions.", I don't see where he gets that from I make it about $8 a share. $8.33 + 0.72 - 1

    7. "Microsoft would also be making a substantial equity investment in the remaining company at $19.50 per share, he stated." Presumably they promised to buy Icahn share's back at $19.5.

    Yes? So he gets his out at about $27.6 or more and they get a worthless company and $8 a share or more. Microsoft gets their search, at no risk, if they fail to perform their guarantee is nullified. And if Yahoo shareholders voted for this, Microsoft could make an offer far below this.


    So it's worth remembering how we got into a situation where Yahoo has Icahns boys on it's board and a damaged company, while Google continues to ride out the bad economy.

    Even so, YHOO are still $14 a share, well above $8 a share.

  3. Anonymous Coward
    Paris Hilton

    Who Sorry?

    Never heard of them?

  4. Anonymous Coward

    Re: Who Sorry?

    "Never heard of them?"

    Try googling them!

  5. Anonymous Coward
    Anonymous Coward

    Re: Who Sorry?

    I quite enjoy their online trolling service, Answers.

    It's a great place to vent pent-up sarcasm.

  6. Anonymous Coward


    Too bad this isn't 100% true.

    Yahoo! is actually hiring a few at a time for various departments. It's only a trickle, but still, hiring is the opposite of lay-offs... ^_^

This topic is closed for new posts.

Other stories you might like

Biting the hand that feeds IT © 1998–2022