Icahn! goes! double! or! quits! on! Yahoo!

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Anonymous Coward

Drive it down, buy it cheap, sell at profit #

Posted Thursday 27th November 2008 15:10 GMT

I hope the Yahoo shareholders sue Icahn over his use of trojan board members.

If they want their money back, he has lots and lots to give.

Simon Painter

With Yang the Wang out of the way... #

Posted Thursday 27th November 2008 15:10 GMT

..they are still screwed. Seems like Icahn does not understand the concept of cutting his losses.

Anonymous Coward

Oh?! #

Posted Thursday 27th November 2008 15:10 GMT

Is! Icahn! any! better! than! he! was! before?!

vincent himpe

new entry in the dictionary ... #

Posted Thursday 27th November 2008 15:10 GMT

Chief yahoo : Blundering Idiot

Kit Temple

I don't understand the numbers #

Posted Friday 28th November 2008 12:39 GMT

"Carl Icahn has doubled his stake in Yahoo! despite sitting on a billion dollar loss from his first stake in the firm."

Icahn built up ..when shares were floating around $25.

..bought another 6.9 million shares - for less than $10 each."

I don't get the mathematics here. If he has doubled his stake, that means he initially bought 6.9 million shares for around $172 million. So how can he lose $1 billion from owning $172 million worth of shares?

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