If you were to put Yahoo CEO Jerry Yang and Microsoft CEO Steve Ballmer in the ring, you would expect the boistrous Ballmer to be left standing. With Microsoft taking its offer to Yahoo home, it's hard to tell who the real winner is in the long run. Microsoft certainly coveted Yahoo. However, if Yahoo falls on its face in coming months, Microsoft could be back...with a lower offer. Consider this a chapter closing in a longer tale, whose ending we don't precisely know.
Here is the text of an internal memo Microsoft CEO Steve Ballmer sent Saturday afternoon to Microsoft employees:
From: Steve Ballmer
Sent: Saturday, May 03, 2008 5:18 PM
To: Microsoft - All Employees (QBDG)
Subject: Withdrawal of Offer to Acquire Yahoo!
This afternoon I sent the attached letter to Jerry Yang announcing that Microsoft has withdrawn its proposal to acquire Yahoo. We proposed the deal in the belief that a Microsoft-Yahoo merger would create a combined company with the resources and assets to win in the fast-growing market for advertising and online services.
Although the acquisition of Yahoo would … Read more
Barring a come to Jesus moment by both sides, "Microhoo" is dead and buried. So who won and who lost? Months from now, we'll have a clear idea. In the meantime, here are my back-of-the-envelope picks.
Biggest winners: Steve Ballmer and Microsoft A lot has been made of Microsoft's seeming inability to engineer its way out of a paper bag. Trouble with the conventional wisdom is that it's usually out of date. Prior to Ray Ozzie coming onboard and Microsoft's move to embrace cloud computing in a big way, Yahoo may have been worth … Read more
Here is the text of the letter Microsoft CEO Steve Ballmer sent to Yahoo chief Jerry Yang after talks broke down on Saturday.
May 3, 2008
Mr. Jerry Yang CEO and Chief Yahoo Yahoo! Inc. 701 First Avenue Sunnyvale, CA 94089
After over three months, we have reached the conclusion of the process regarding a possible combination of Microsoft and Yahoo!.
I first want to convey my personal thanks to you, your management team, and Yahoo!s Board of Directors for your consideration of our proposal. I appreciate the time and attention all of you have given to … Read more
As we all know by now (thanks Silicon Alley Insider), Microsoft CEO Steve Ballmer addressed his troops Thursday and talked Yahoo for at least a little bit.
Microsoft on Friday filed a transcript of Ballmer's remarks. It's basically more of the same, but some might find it interesting, so I've pasted the Yahoo-related portion of the speech in its entirety below:
"We've been reading a lot about the Microsoft-Yahoo! deal in the newspaper, and recently read a few articles about Yahoo! partnering with Google to avoid being overtaken by Microsoft. As an employee, we would … Read more
Microsoft CEO Steve Ballmer says he knows exactly what Yahoo is worth and isn't willing to go a dime over that, Silicon Alley Insider reported Thursday.
Ballmer, speaking to Microsoft employees in a so-called town hall conference call Thursday, also said an announcement regarding Yahoo is coming "in very short order," the blog site reported. But what he meant by that is unclear, since he also noted that he had "nothing to say today." A reporter for Silicon Alley Insider apparently listened in on the call.
Ballmer also didn't put a price tag to … Read more
In one of the most revealing (and honest) quotes I've ever seen from Microsoft's Steve Ballmer, Mary Jo captures the big man revealing his blind spot toward open source, SaaS, the Internet, etc.:One of the biggest mistakes I've made over time is not wanting to nurture innovations where I either didn't get the business model or we didn't have it.
Now compare this to a previous Ballmer statement:I'm not saying open-source is a bad thing, but it doesn't pay the bills in this company, so we can't embrace that way … Read more
"Hey! Ho! Time for Ballmer to go," a Wired.com headline proclaimed on April 29.
My rejoinder: "Hell, no. There are no Softies ready for a promo."
Wired's story attempts to make a case for CEO Steve Ballmer taking the hits for Vista's less-than-stellar market reception, as well as the so-far-unconsummated Yahoo-Microsoft merger. "Other CEOs have gotten canned for lesser crimes," Wired concludes.
There's just one problem, as Wired notes in an aside. No one's ready to step up within the company and fill Ballmer's big shoes.
In my … Read more
Having courage does not mean ignoring fear. It means facing fear head-on and doing the right thing anyway. At least that's my definition. If you fail to face fear and act appropriately you're not necessarily a coward, but you're not the best you can be either.
The most successful people on the planet are the ones who face the cold, hard truth of reality and act accordingly. They don't surround themselves with "yes men" and they don't view the world through rose-colored glasses.… Read more