Silke
02.03.2001, 09:00
ähnl. wie Daimler werden nun "Notstandspläne" erarbeitet.
Mensch auch hier wird wieder deutlich in welcher brisanten Wirtschaftslage wir uns befinden. Hätte vor 10 Monaten einer Angst vor billigen feindl. Übernahmen gehabt?....never oder http://www.stock-channel.net/Board/smilies/smile.gif
cu
MM
Yahoo adopts shareholder rights plan
Yahoo Canada chief quits, report says
By Nicole Maestri, CBS.MarketWatch.com
Last Update: 8:23 PM ET Mar 1, 2001
SANTA CLARA, Calif. (CBS.MW) - With its share price deeply depressed on a 52-week basis, Yahoo said Thursday that it has adopted a shareholder rights plan to stop any takeover movers.
In the release, the company said Thursday that its board adopted a shareholder rights plan to deter 'coercive' takeover tactics or an acquirer from gaining control of the company without paying a fair price.
Shares of Yahoo finished trading up 63 cents, or 2.6 percent, to $24.44. They are far from their 52-week high of $205.63 reached the end of last March.
However, Yahoo made it clear that the plan wasn't adopted in response to any effort to acquire control of the Santa Clara, Calif.-based company.
The Internet portal said the plan would be exercised only if a person or group acquires 15 percent or more of Yahoo stock.
Separately, reports also surfaced that the company's Canadian head is heading out the door.
Mark Rubinstein, the managing director of Yahoo Canada, has handed in his resignation and will leave the Internet portal shortly, according to a report in the online edition of The Financial Times.
FRONT PAGE NEWS
Nasdaq stages a comeback; Dow edges lower
House committee OKs tax cuts
Oracle devastates tech sector
The company couldn't be reached for comment on the report.
Rubinstein now joins Fabiola Arredondo, who quit as head of Yahoo's European operations last month and Savio Chow, managing director of Yahoo Asia, who resigned in mid-February.
Santa Clara, Calif.-based Yahoo (YHOO: news, msgs, alerts) is under pressure to ramp up its international business to boost revenue as ad sales soften at home.
For the first quarter, Yahoo is expected to generate $225.6 million in revenue, down from $228.4 million in the year-ago period. On the bottom line, Yahoo is expected to earn 5 cents per share, down from 10 cents a year ago and 13 cents in the fourth quarter.
Since mid-January, speculation has arisen that Yahoo might be purchased by a major media company to compete against the newly merged media giant AOL Time Warner. Analysts have tossed out names like Viacom (VIA: news, msgs, alerts) , which owns the CBS network and is a significant stakeholder in MarketWatch.com, the publisher of this report, Disney (DIG: news, msgs, alerts) and Rupert Murdoch's News Corp. (NWS: news, msgs, alerts) . But on Tuesday, Murdoch said flat-out that News Corp. isn't interested in making a bid for Yahoo.
Yahoo has recently drawn attention from analysts. On Monday, Robertson Stephens analyst Lowell Singer said the company faces a number of challenges over the next six months, including continued weakness in the online advertising market.
Wednesday, U.S. Bancorp Piper Jaffray lowered its first-quarter estimates on Yahoo, citing the persistence of sluggish demand. Analyst Safa Rashtchy said Yahoo is experiencing back-end loaded enterprise revenue, slower growth of traditional advertisers, and lower fee-based revenue
Mensch auch hier wird wieder deutlich in welcher brisanten Wirtschaftslage wir uns befinden. Hätte vor 10 Monaten einer Angst vor billigen feindl. Übernahmen gehabt?....never oder http://www.stock-channel.net/Board/smilies/smile.gif
cu
MM
Yahoo adopts shareholder rights plan
Yahoo Canada chief quits, report says
By Nicole Maestri, CBS.MarketWatch.com
Last Update: 8:23 PM ET Mar 1, 2001
SANTA CLARA, Calif. (CBS.MW) - With its share price deeply depressed on a 52-week basis, Yahoo said Thursday that it has adopted a shareholder rights plan to stop any takeover movers.
In the release, the company said Thursday that its board adopted a shareholder rights plan to deter 'coercive' takeover tactics or an acquirer from gaining control of the company without paying a fair price.
Shares of Yahoo finished trading up 63 cents, or 2.6 percent, to $24.44. They are far from their 52-week high of $205.63 reached the end of last March.
However, Yahoo made it clear that the plan wasn't adopted in response to any effort to acquire control of the Santa Clara, Calif.-based company.
The Internet portal said the plan would be exercised only if a person or group acquires 15 percent or more of Yahoo stock.
Separately, reports also surfaced that the company's Canadian head is heading out the door.
Mark Rubinstein, the managing director of Yahoo Canada, has handed in his resignation and will leave the Internet portal shortly, according to a report in the online edition of The Financial Times.
FRONT PAGE NEWS
Nasdaq stages a comeback; Dow edges lower
House committee OKs tax cuts
Oracle devastates tech sector
The company couldn't be reached for comment on the report.
Rubinstein now joins Fabiola Arredondo, who quit as head of Yahoo's European operations last month and Savio Chow, managing director of Yahoo Asia, who resigned in mid-February.
Santa Clara, Calif.-based Yahoo (YHOO: news, msgs, alerts) is under pressure to ramp up its international business to boost revenue as ad sales soften at home.
For the first quarter, Yahoo is expected to generate $225.6 million in revenue, down from $228.4 million in the year-ago period. On the bottom line, Yahoo is expected to earn 5 cents per share, down from 10 cents a year ago and 13 cents in the fourth quarter.
Since mid-January, speculation has arisen that Yahoo might be purchased by a major media company to compete against the newly merged media giant AOL Time Warner. Analysts have tossed out names like Viacom (VIA: news, msgs, alerts) , which owns the CBS network and is a significant stakeholder in MarketWatch.com, the publisher of this report, Disney (DIG: news, msgs, alerts) and Rupert Murdoch's News Corp. (NWS: news, msgs, alerts) . But on Tuesday, Murdoch said flat-out that News Corp. isn't interested in making a bid for Yahoo.
Yahoo has recently drawn attention from analysts. On Monday, Robertson Stephens analyst Lowell Singer said the company faces a number of challenges over the next six months, including continued weakness in the online advertising market.
Wednesday, U.S. Bancorp Piper Jaffray lowered its first-quarter estimates on Yahoo, citing the persistence of sluggish demand. Analyst Safa Rashtchy said Yahoo is experiencing back-end loaded enterprise revenue, slower growth of traditional advertisers, and lower fee-based revenue