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Long title. But here is a rant: The CEO of Yahoo said hey guys ‘No, I think I don’t want to sell” That was it. Period. Commentators and opinon makers are saying that in 3 to 5 years from now it will just be Microsoft or Google and that Yahoo will go the way of AOL – carved up and divided into tiny composite pieces.
So stock market reactions to technology companies, have in the past decade been a knee- jerk reaction to the tech bubble of 2001. Because there is no “there” there. There is no invetory, nothing to sell. The problem is not with Yahoo its with the market and the way that Wall Street values internet companies.
