Taken from The Street website:
http://www.thestreet.com/s/microsoft-bid-adds-to-yahoos-heaping-plate/newsanalysis/techstockupdate/10402183.html?puc=_googlen?cm_ven=GOOGLEN&cm_cat=FREE&cm_ite=NA
"SAN FRANCISCO -- Yahoo!(YHOO - Cramer's Take - Stockpickr) already had its hands full when Microsoft(YHOO - Cramer's Take - Stockpickr) moved in for the kill.
The Internet giant now finds itself in an even more precarious position as it tries to hang on to its remaining talent and push the company forward.
Microsoft's $44.6 billion proposal to acquire the Internet giant came shortly after Yahoo! Chief Executive Jerry Yang announced he would be slashing 1,000 jobs amid a dismal outlook for 2008.
"To the extent that there's additional uncertainty with regard to the company's future, it will only create more challenges," says Cantor Fitzgerald analyst Derek Brown, whose firm makes a market in both Yahoo! and its rival Google(GOOG - Cramer's Take - Stockpickr).
Yahoo!'s shares have so far benefited from Microsoft's $44.6 billion proposal to acquire the Internet giant. The stock has jumped as much as 53% since last Friday, when Microsoft publicly revealed its desire to merge the two companies, despite being privately rebuffed by Yahoo! since 2006. Meanwhile, Microsoft's shares have dipped 7%."
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