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By Justin Lee, theWHIR.com
July 17, 2008 -- (WEB HOST INDUSTRY REVIEW) -- Just a couple weeks away from its August 1 shareholders meeting, Yahoo! (yahoo.com) has written another letter to shareholders addressing precisely how and when it proposes to sell the company to Microsoft.
The Register (theregister.com) reported Thursday that the search engine company explains in the unflattering letter why shareholders should not consider voting for investor Carl Icahn and his projected team of board directors.
Last weekend, Yahoo! rejected another bid from Microsoft and billionaire investor Carl Icahn on Saturday after the two issued a joint offer late last Friday.
In the letter, Yahoo! writes: "We believe the Icahn slate and agenda present significant risk to your investment in Yahoo!. We believe you cannot count on Microsoft to bail out Mr. Icahn's misguided agenda..."
Yahoo! also implies that the company could sell off its Asian division and hand over the money to its shareholders.
The letter argues that Icahn does not have the means to negotiate a fair deal with Microsoft because he does not have a plan in place for Yahoo!
It also adds that Icahn and his planned board of directors fail to have the experience to restructure a high-technology company in a fast-changing environment, as well as the know-how to manage Yahoo! for the estimated year before it is approved of a takeover.
The letter questions the unlikely pairing of Microsoft and Icahn, where it writes:
But Microsoft's flip flops and inconsistencies over the past five months are so stupefying that one can only conclude that Microsoft was never fully committed to acquiring Yahoo! either because:
The letter closes by urging Yahoo! shareholders to vote for maintaining the existing board of directors by using the white proxy card.
Read Back Issues of WHIR Magazine
October 2009 - Web Hosting's All Star Team
This has been, for us, one of the most interesting, exciting and challenging build-ups to an issue of the magazine yet, Web Hosting's All Star Team. The balloting process was our first experiment with a kind of user participation we're planning to do a lot more with in the months to come. We had thousands of ballots submitted, with hundreds of write-in suggestions and a demonstration of user engagement that has us feeling super positive about the project.
About This Issue | Read Digital Edition
July 2009 - What am I Worth?
One of the interesting luxuries of working on a project like the printed WHIR magazine is that it allows us to play with things like our point of view from one issue to the next. In recent months we've been giving added attention to the kind of practical and applicable advice aimed at smaller hosts and resellers. This issue carries on with that point of view, asking, in our cover story, "what am I worth?" It's a complicated question without a clear-cut answer.
About This Issue | Read Digital Edition
May 2009 - The Blueprint for a Small Web Host
I was a little surprised by how difficult it became to see this idea through. We set out to assemble a blueprint for a small hosting business, but butted up pretty quickly against the general impossibility of covering all the territory that was out there to be covered. The basic constraints of a printed magazine, and the less-than-infinite amount of time we had available forced us to face the fact that we could never produce an exhaustive guide to starting a hosting company.
About This Issue | Read Digital Edition
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