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Yahoo Files Proxy Statement

Asks nicely for another chance

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Another open letter signed by Roy Bostock and Jerry Yang came into public sight today, but never fear – this one leaves behind some of the Yahoo-Icahn bickering, and instead, announces Yahoo’s filing of its definitive proxy statement.

Yahoo wants investors to reelect its current board, of course, so some references to Icahn’s substitutes were inevitable.  Icahn’s possible lack of a plan other than selling Yahoo to Microsoft is highlighted, and a threat to Yahoo’s value gets mentioned.

Jerry Yang
 Jerry Yang

Otherwise, Bostock and Yang tend to focus on Yahoo’s independent performance.  "With more than 500 million monthly users worldwide, many best-in-class technology platforms, and strategically unique Asian assets, we are well-positioned to capture growth in an online advertising market that is projected to grow from approximately $40 billion in 2007 to approximately $75 billion in 2010," the pair state.

They then go on provide a toll-free number that investors can call "[i]f you have questions about voting your WHITE proxy card."  This seems a bit desperate, perhaps, yet it’s better than the name-calling Bostock and Icahn seemed ready to resort to in their separate exchange.

Finally, a possible end to everything remains in sight, as August 1st is once again identified as the date of Yahoo’s upcoming shareholder meeting.

Yahoo Files Proxy Statement
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  • http://claimid.com/CorhichoTheMillioner Guest

    here it goes!