Yesterday was Microsoft CEO Steve Ballmer’s turn to talk up the merits of the deal, which will give Yahoo! 88 percent of search revenue it generates over the next 10 years, although no up-front money. On Thursday, Ballmer met with investment analysts and told them the transaction is solid because Yahoo! has no cost-of-goods-sold expenses, no R&D costs and no ongoing capital spending.
But investors still don’t seem convinced. On Friday, a little after 1 p.m., Microsoft’s shares were down 6 cents at $23.76.
AT&T, CenturyLink and Connectwise are among those adding drama to telecom, IT and the channel since last fall. https://t.co/YTBVQGjWqt
February 24 2018 @ 12:15:30 UTC