Microsoft To Make Non-Move Today?
This story was written by Joseph Weisenthal.
Microsoft's (NSDQ: MSFT) next move was expected to come mid-week, and it doesn't get any more mid-week than a Wednesday. WSJ is reporting that Microsoft, rather than make a firm decision will take a middle ground: nominating a slate of directors, but not necessarily pressing a hostile bid to shareholders. This is expected to happen soon, and possibly as early as today. Essentially it's a time buyer, giving Ballmer a chance to keep on doing whatever he's doing. The good news for Yahoo (NSDQ: YHOO) shareholders though: it's not a walk. Despite Microsoft's obvious frustration with Yahoo's resistance, the company doesn't seem to be following through on its threatat least not yet.
By Joseph Weisenthal