[icahn] Forum Topics

Thursday saw another horror show on Wall Street, with the Dow tanking 200 points over the weaker-than-anticipated GDP number and the shaky job market (the U.S. unemployment rate rose to 5.7% today). Still, tech stocks seemed to navigate the tumult of bad news in surprisingly robust fashion. We covered Motorola …

Here’s a footnote for the current chapter of the Microsoft-Yahoo acquisition saga. Microsoft this week issued a [URL=http://www.microsoft.com/Presspass/press/2008/jul08/07-14statement.mspx]statement[/URL] to “set the record straight” about [URL=http://yhoo.client.shareholder.com/press/releasedetail.cfm?ReleaseID=321697]Yahoo’s July 12 rejection[/URL] of the latest acquisition offer from Redmond. Rather than trying to paraphrase, here’s Microsoft in its own words, including references to “activist …

Technology stocks received something of a boost yesterday, with the NASDAQ rising 21 points to 2,266. Traders were buzzing about Microsoft’s admission that it would re-open talks with Yahoo, but only if less-than-subtle co-conspirator Carl Icahn can manage to unseat the Yahoo board of directors. Icahn, the famed corporate raider, …

I've been following the career arch of corporate raider Carl Icahn for years. The billionaire investor specializes in buying up huge chunks of stocks of volatile companies, then going after the company's board of directors to get the deals he wants. It's worked pretty well with Icahn's investments in companies …