Microsoft surprised no one with their unsolicited offer for Yahoo! in January 2008. What surprised some Wall Street observers was the premium Microsoft was willing to pay for Yahoo’s then share price. At that time the $31/share offer represented a 62% premium over Yahoo’s then share price of $19.18. What surprised the same observers was [...]
Entries from April 2008
Microsoft: Listen to Your Heart (And Ignore the Bean Counters)
April 27th, 2008 · No Comments
Tags: Finance
Google’s Earnings Expose Wall Street’s Limitations
April 27th, 2008 · No Comments
The past two weeks have been full of earning report, and more significantly, earning surprises. While the stock market has been on a roller coaster ride many investors have been on the sidelines, confused by Wall Street’s reaction. Traders are making merry; buy the dips, sell the rips seems to be working really well. In [...]
Tags: Finance
Housing, Credit and the Economy: At an Inflection Point
April 13th, 2008 · No Comments
Sub-Prime Mortgages have been at the top of the air-waves for about a year now. The collapse of two hedge funds run by Bear Sterns started the procession. Numerous Wall Street executives have lost their jobs and banks have been writing down about $250B in losses attributed to products linked to sub-prime mortgages.
Last week two [...]
Tags: Finance
Roundup: Credit Markets Unfreeze; Online Retailing and Search
April 8th, 2008 · No Comments
The credit-markets are showing signs of life again. The buy-under of Bear Sterns (BSC) and subsequent actions by the Fed to allow Investment Banks to access the discount window using asset backed paper as collateral seem to be having the right effect. The market cheered when Lehman Brothers (LEH) was able to place an offering [...]
Tags: Finance