InternetYahoo's Next Moves

With the Microsoft deal, apparently, over, and its stock taking a pounding, what's next for Yahoo?

For Yahoo, the future is anything but certain. In a company blog post, CEO Jerry Yang wrote that "The last 13 weeks have been a remarkable time here at Yahoo. We've been living under the microscope in a way we never have before." He went on to praise the Yahoo staff for continuing to press forward with the company's transformation strategy, and cast a hopeful eye toward the future. "With Microsoft's withdrawal, we'll be better able to focus our energy on growing our industry leadership and maximizing value for stockholders," Yang said. The problem that Yahoo (NASDAQ:YHOO) now faces is the same one it's had since Microsoft first announced its bid, only two dollars worse: How to find an alternative to selling outright that will bring equivalent value to the $33 per share price Microsoft had offered before talks broke down over the weekend. Yahoo has already been the target of at least seven shareholder lawsuits charging that its board breached its fiduciary duty to investors in its response to the initial bid. Now that it has walked away from a higher bid, and its stock fell 15 percent to close at $24.37 today, more shareholders will likely bring a new wave of lawsuits, according to IDC analyst Karsten Weide. RELATED ARTICLES Ballmer Throws In the Towel on Yahoo Bid Pressure is on Yahoo For Alternatives Yahoo's Fall Upends Stocks For more stories on this topic: "Yahoo's board just presided over destroying... [ Read more on www.internetnews.com ]

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