Will Microsoft Make Another Offer?

By Chris Preimesberger  |  Posted 2008-11-17 Print this article Print

Eric Jackson, president of one of the company's biggest investors, Ironfire Capital, which owns about 3.2 million shares, said he believes all is not lost for an eventual Microsoft takeover. Jackson said he believes Microsoft will return in 2009 with a third offer.

"The company [Yahoo] needs to make some fundamental changes if it's going to improve its performance and stock price," Jackson said after the Aug. 1 shareholders' meeting.

"Yahoo is too bloated right now; they need to reduce head count, focus on core businesses and divest some of their holdings that aren't making any money," Jackson said. "But it's only about the second inning [of the company comeback], although it's been the second inning for a long time. There have been a lot of pitches and foul balls."

Yang, 40, replaced Terry Semel and assumed the CEO role at the board's request in June 2007, and has led Yahoo through a strategic repositioning and transformation of its platform. 

Yang and Stanford University classmate David Filo co-founded Yahoo in 1995. Yang's net worth is estimated to be about $2.3 billion; this year he was ranked No. 524 in Forbes' listing of the richest people in the world.

Chris Preimesberger Chris Preimesberger was named Editor-in-Chief of Features & Analysis at eWEEK in November 2011. Previously he served eWEEK as Senior Writer, covering a range of IT sectors that include data center systems, cloud computing, storage, virtualization, green IT, e-discovery and IT governance. His blog, Storage Station, is considered a go-to information source. Chris won a national Folio Award for magazine writing in November 2011 for a cover story on Salesforce.com and CEO-founder Marc Benioff, and he has served as a judge for the SIIA Codie Awards since 2005. In previous IT journalism, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. His diverse resume also includes: sportswriter for the Los Angeles Daily News, covering NCAA and NBA basketball, television critic for the Palo Alto Times Tribune, and Sports Information Director at Stanford University. He has served as a correspondent for The Associated Press, covering Stanford and NCAA tournament basketball, since 1983. He has covered a number of major events, including the 1984 Democratic National Convention, a Presidential press conference at the White House in 1993, the Emmy Awards (three times), two Rose Bowls, the Fiesta Bowl, several NCAA men's and women's basketball tournaments, a Formula One Grand Prix auto race, a heavyweight boxing championship bout (Ali vs. Spinks, 1978), and the 1985 Super Bowl. A 1975 graduate of Pepperdine University in Malibu, Calif., Chris has won more than a dozen regional and national awards for his work. He and his wife, Rebecca, have four children and reside in Redwood City, Calif.Follow on Twitter: editingwhiz

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