The following is a timeline of key events leading up to Yahoo’s Aug. 1 annual meeting.
So often with these things, there’s a lot of PR-speak and dancing around. But let’s give Microsoft’s top brass some credit — they pretty much addressed the whole Yahoo thing head on during the annual meeting with Wall Street analysts up in Washington state.
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.
Google’s second quarter earnings disappointed Wall Street yesterday and sent its shares tumbling. The search giant blamed lower returns from managing its huge cash piles but analysts are also concerned the market leader in search advertising might augur a wider slowdown in online advertising.