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Are Yahoo Shareholders So Dumb?

Any onlooker who reads for the first time what is going on with Icahn, Microsoft and Yahoo can easily figure out that Icahn is being fed three times a day by Microsoft. The software giant is just using him for its own gain. This is a well planned puzzle that Microsoft has hosted. But are the shareholders so dumb to listen to the Mr. Nobody Icahn?

I feel Microsoft is acting similar to how America acted in the days of war. A decade back America supported Iraq against Iran. Few years after the war was over, Iraq was invaded by America itself. Wow! Doesn’t it sound similar?

It is so obvious that Steve Ballmer is using Carl Icahn to weaken Yahoo to get an at-ease best buy deal done. Even dummies can understand it. But how then do all the investors wag the tail exactly as Icahn does? May be Icahn is so clever to mesmerize the investors and could that be how a college dropout became a billionaire financier and a well-known private equity investor?

Carl Celian Ichan has a history of successful quests and deals by pressurizing or trapping the opponent. Now it’s Yahoo which he’s looking for. Microsoft could well have made a deal with him titled, “If you make it happen, then…” Icahn has now filed a definitive proxy statement nominating that a slate of nine directors should replace Yahoo’s current board members including CEO, Jerry Yang. But why? Is it just because they consider Yahoo is worth much more? Or is it because they are not happy that Yahoo, a once upon a time King is being sold out? What is wrong in that? What else did they do? Did they commit a crime?

Remember how he pressed the board for a seat in Motorola and how Icahn could make the deal with Lear Corporation. If not, you should be remembering at least how he pressured Medimmune Inc to consider takeover bids. If you do wag the tail like he does, then you should be aware.

If you are just a casual onlooker watching what’s going on in the arena, then join me to watch the game of dummies, wealthy mesmerizer, the rich giant and the once-a-king-now-a-poor-man.

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