Shares of Take-Two Interactive surged 6 percent on Tuesday. But it had nothing to do with activist investor Carl Icahn, who owns a chunk of the company or any rumors about the company's earnings on Nov. 8.
A string of Yahoo sales, engineering and product executives took the stage on Wednesday in the company's first full-day briefing with analysts since May 2006, all with a mantra that came down from on high: "Today is the beginning of a journey back to respect," said CEO Carol Bartz.
The reaction to Yahoo’s earnings in the stock market this morning was relatively positive. Shares rose 2 percent right off the bat, but we’ll see what happens as the day rolls on. Meanwhile, here are what some Wall Streeters had to say about the quarter in various research reports.
Guess where the paparazzi are training their lenses these days? For those of you who missed it, The New York Times writes that gossip rags have all but abandoned Britney Spears for the thrill of capturing corporate excesses on camera. From the paper:
Bruce Wasserstein, chief executive of private equity firm Lazard, joined Blackstone co-founder Steve Schwarzman at a breakfast sponsored by Fortune magazine this morning to share their collective wisdom regarding the financial crisis. (For more on the breakfast, see our DealZone blog).
As volte faces go, the Yahoo-Carl Icahn slugfest-turned-lovefest is a definite keeper for some future annal of corporate history. Until last week, Yahoo couldn’t slam Icahn enough, mocking the activist investor’s knowledge of technology, calling his agenda risky, and pointing to his failure to articulate clear alternatives to a Microsoft deal.