Fexon Technology Ltd: Yahoo to fight against longer odds

Fexon Technology Ltd reports: World Internet affects nerve Microsoft, Yahoo takeover battle field is a little public enemy war.

There is no doubt Yang has become a loner. Can understand, "Chief Yahoo" was founded Yahoo son of a father's feelings of the general, he has good reason to hold its ground until the last moment. But apart from himself, there are still a few people willing to stick to the February 12, a group of dissenting and Jerry Yang of Yahoo small shareholders first attack, launched the "Yahoo Plan B" to consider holding the high-priced shares sold to Yahoo Microsoft. Eric Jackson to sponsor activities, the participants in Yahoo's existing employees and ex-employees, Yahoo shares they hold a total of 210 million shares, representing Yahoo has been around 0.2% of the issued shares. Soon, the second largest shareholder of Yahoo also stepped forward to the hunt dug Yang, February 13, the second largest shareholder of Yahoo Shing US fund management company's chairman Bill Miller said that if Microsoft can improve the price, then Yahoo! Some large shareholders on the sale will be held by Yahoo Microsoft stock. Mei Sheng holders Yahoo nearly 9% of the issued shares.

Microsoft rejected in the February 1 by 44.6 billion US dollars after the offer, Yang wrote in a letter to shareholders said: "We have a lot of advantages…… Yahoo board of directors and management team remains determined to pursue all of Yahoo's largest shareholder the interests of this is a great company, we are to become more beautiful and its efforts. "However, in the meantime, January 30 Yahoo announced that it will cut about 1,000 jobs, accounting for Yahoo 7% of the total number of staff . Also at the same day, Yahoo announced a 2007 fourth-quarter earnings report that net income was 205.7 million US dollars, 15 cents per share, down 23 per cent. Under such facts, the less rigid Who can believe that Jerry Yang? (Fexon Technology Ltd)

Basically, the major shareholder of Yahoo are all institutional investors. As an investor, they never put all the eggs in one basket, most of whom also bought Microsoft's stock. For example, Yahoo's largest shareholder Capital Group is also Microsoft's biggest institutional investors, Yahoo's 10 largest institutional investors in at least four also investing in Microsoft, and most investors in the funds should be invested Microsoft several times higher than the funds invested in Yahoo. This means that these investors because of the interest in Microsoft, certainly not a firm stand on the side of Yang.

Indeed, Microsoft in 2007, he promised to Yahoo proposed acquisition request, but then Microsoft is the board of directors of communication with Yahoo, Yahoo did not involve the shareholders, it can be said is courtesy of a soft chess move. Today, Microsoft in the form of an open letter to acquisitions, Yahoo is to start playing shareholders of psychological warfare, Yang utterly isolated, and finally succumb under pressure from shareholders.

Jerry Yang and not absolute control of the company. Senior Internet experts pointed out that at present, with the exception of Yahoo co-founder David Filo also holds 6% of the shares of Yahoo, Yahoo's board of directors and other management members include Jerry Yang, as well as early investors such as Japan's Softbank They common shares held by Yahoo has to be negligible proportions. 600 institutional investors together hold more than 88% of the shares of Yahoo, Yahoo is the main shareholder. The shareholders have the right to replace the board of directors, the incumbent board members in the Yahoo this year, all due in June. So, if Microsoft to win over the hearts of Yahoo shareholders, and Jerry Yang of Yahoo continued to adhere to it, then the shareholders are likely to fail in the election of the General Assembly, was excluded from the next Board of Trustees, Microsoft finally succeeded.

Unless, Yang only revive Yahoo in a short time, so that shareholders regain confidence.(Fexon Technology Ltd)