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HEXUS.sharewatch special: the Microhoo aftermath

by Scott Bicheno on 5 May 2008, 15:24

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The morning after

HEXUS.sharewatch

All eyes are on Yahoo! shares today, to see what investors make of Microsoft's decision not to persist with its attempt to buy it.

Yahoo!'s shares closed at $28.67 on Friday and in pre-market trading dropped down to around $23, opening at $23.02. They were more like $19 just before Microsoft made its unsolicited bid at the end of January.

This implies that it must have done something right in the three months that it's been resisting Microsoft's advances. However, it has to improve to the tune of ten dollars a share further to even equal the amount Microsoft was prepared to pay for it, something shareholders won't be shy about reminding the Yahoo! board.

We've added Yahoo! to the list as the fun is bound to continue. We also added the FTSE 100 to the list of markets.

Company Listing Share Price 28/3/08 Share Price 2/4/08 Share Price 18/4/08 Share Price 5/5/08* 17-day change* Market cap (bn)
AMD AMD 5.91 6.19 6.11 6.16 0.8% 3.73
Apple AAPL 143.01 147.49 161.04 181.89 11.5% 160.63
Avnet AVT 32.62 33.67 27.54 27.59 0.2% 4.15
Dell DELL 19.61 19.95 19.47 19.24 -1.2% 39.29
Google GOOG 438.08 465.7 539.41 596.61 9.6% 187.68
HP HPQ 46.09 47.23 48.18 48.36 0.4% 119.22
IBM IBM 114.57 114.61 124.40 123.18 -1% 169.19
Ingram Micro
IM 15.59 16.00 16.81 17.32 2.9% 2.91
Intel INTC 20.79 21.85 22.55 23.37 3.5% 133.86
Microsoft MSFT 27.91 29.16 30.00 29.93 -0.2% 278.76
NVIDIA NVDA 19.68 20.36 19.02 22.47
15.4% 12.47
Tech Data
TECD 32.88 32.66 33.39 34.79 4% 1.84
Yahoo!
YHOO - - - 23.02 NA 31.68
Dow .DJI 12216.40 12608.92 12849.36 12999.83 1.2% NA
NASDAQ .IXIC 2261.18 2361.40 2402.97 2470.21 2.7% NA
FTSE 100 .FTSE -
-
-
6215.5 NA NA

*All prices are those at close of trading on the date specified, except today when we have quoted prices and market caps at 14:30 GMT

 



HEXUS Forums :: 6 Comments

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I think that the slight premium over 3 months ago is probably down to people thinking that MS are still interested & may come back a 2nd time.
BUFF
I think that the slight premium over 3 months ago is probably down to people thinking that MS are still interested & may come back a 2nd time.

Yep - people always think it will rise, take a punt, then the market moves up and people need to work if the buy-out will happen.

If it is dead cert to sell shares at 26$ and you can buy at 25$ its a guaranteed profit
I agree, and the irony is that the lower the Yahoo! share price goes, the more likely it is that Microsoft will have another go. I wonder how long Yang has to deliver…
Scott B;1413135
I agree, and the irony is that the lower the Yahoo! share price goes, the more likely it is that Microsoft will have another go. I wonder how long Yang has to deliver…

Yep thats the thing…!
MS share value actually went up after they withdrew their bid so that would make another bid relatively cheaper for them too!