Spotlight
Tuesday, 22 April
Steven Ballmer
Despite the fact that Yahoo! is expected to report a strong quarter today, Yahoo! News reports that Microsoft CEO Steven Ballmer has implied that Microsoft won't raise its bid.
Henry Blodget refers to Ballmer's strategy as "phase 2 of Microsoft's damage control." Phase 1 being “to condition the market to expect a strong quarter...Phase 2 is to suggest that the quarter won't make a difference."
The Wall Street Journal's Stephen Grocer finds fault with Ballmer's suggestion that Yahoo's first-quarter financial results will not affect its value. "Better-than-expected results should strengthen Yahoo’s hand as it seeks to fend of the hostile advances of Microsoft. An earnings miss and say hello to MicroHoo."
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