In comp.os.linux.advocacy, Roy Schestowitz
<newsgroups@xxxxxxxxxxxxxxx>
wrote
on Thu, 14 Feb 2008 22:50:32 +0000
<5774789.N6jKUmop4b@xxxxxxxxxxxxxxx>:
> ____/ Jerry McBride on Thursday 14 February 2008 19:11 : \____
>
>> Doug Mentohl wrote:
>>
>>> ?It is unfortunate that Yahoo! has not embraced our full and fair
>>> proposal to combine our companies?
>>>
>>> ?We are confident that moving forward promptly to consummate a
>>> transaction is in the best interests of all parties,?
>>>
>>> ?Microsoft reserves the right to pursue all necessary steps to ensure
>>> that Yahoo!?s shareholders are provided with the opportunity to realize
>>> the value inherent in our proposal.?
>>>
>>> http://mashable.com/2008/02/11/microsoft-responds-to-yahoo/
>>>
>>
>> You will be assimilated...
>
> Let then. They will then be a single company operating under
> deep debt without much hope over the horizon (more on that
> in a few moments :-) ).
What debt? Microsoft has no debt [*] whatsoever. Yahoo!'s
debt is 3/4 billion (already low compared to revenues
of $6.97B), which compared to the combined company's
theoretical revenue of about 67 billion is extremely low.
IBM in particular has a far higher debt percentage ($35.27
B of debt with yearly revenues of $98.79 B).
Not that I think this is a good idea, mind you. However,
clearly, debt is not a big issue, unless there's something
I'm missing, such as amortized goodwill.
http://finance.yahoo.com/q/ks?s=YHOO
http://finance.yahoo.com/q/ks?s=MSFT
http://finance.yahoo.com/q/ks?s=IBM
>
> Now, frankly, I hope that Microsoft does not kill Yahoo
> along with itself. It's like someone who drowns and pulls
> down the lifeguard along with him/her. I still have some
> accounts and stuff on Yahoo. I even have a site on
> Geocities... errr... Yahoo... errr... hopefully not Microsoft.
>
Well, personally, I think Yahoo!'s finance pages are very good;
I'd hate to lose them. Google does have a finance page
http://finance.google.com/finance?meta=hl%3Den&q=MSFT
but I'm not sure if it's as readable, though it does seem
to have a good chunk of information; unfortunately, the
only thing I recognize on that page as close to "debt"
is "liabilities" of $32B. Fortunately, one can click to
get the balance sheet -- which clearly shows "total debt"
as 0 again.
http://finance.google.com/finance?fstype=bi&q=NASDAQ:MSFT&hl=en
For its part Yahoo! apparently *refinanced* its debt,
from long-term to short-term; the balance sheet shows
total debt as $749.63 but long-term debt as 0, starting
at 2007-06-30.
http://finance.google.com/finance?fstype=bi&q=NASDAQ:YHOO&hl=en
(Disclaimer: No, I'm not a lawyer, *or* an accountant. ;-)
Make of all this what one will.)
[*] not in the monetary sense, anyway. One occasionally
hears of convicts "paying one's debt to society",
and there are noises about convicts paying restitution
and punitive damages in cases of fraud or larcency.
--
#191, ewill3@xxxxxxxxxxxxx
Linux makes one use one's mind.
Windows just messes with one's head.
--
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