Quote of the Day

“It is clear to me that the board of directors of Yahoo has acted
irrationally and lost the faith of shareholders and Microsoft. It is
quite obvious that Microsoft’s bid of $33 per share is a superior
alternative to Yahoo’s prospects on a standalone basis. I am perplexed
by the board’s actions. It is irresponsible to hide behind management’s
more than overly optimistic financial forecasts. It is unconscionable
that you have not allowed your shareholders to choose to accept an
offer that represented a 72% premium over Yahoo’s closing price of
$19.18 on the day before the initial Microsoft offer. I and many of
your shareholders strongly believe that a combination between Yahoo and
Microsoft would form a dynamic company and more importantly would be a
force strong enough to compete with Google on the Internet.”

–Carl Icahn’s letter to the Yahoo! board

Susan sez: Wonder where the stock will be end of this week?