Jim Cramer Blog

Stock in Yahoo Inc. was up sharply Friday on an early day report that it was talking to Microsoft Corp. about a possible merger, followed by a second report near the end of the day that the talks were dead.
Yahoo shares were up 18 percent to $33.35 in midday trading on the early news, but finished the day up 10 percent at $30.98.
The early reports said that the two companies -- which first explored the idea a few years ago and then went their own ways -- were looking at ways they could pair their strengths to create a greater competitor to Mountain View-based Google Inc. (NASDAQ:GOOG - News).
But about 15 minutes before the end of Friday's session, the Wall Street Journal, citing a source, reported that merger talks with Microsoft (NASDAQ:MSFT - News) were "not active."
Sunnyvale-based Yahoo (NASDAQ:YHOO - News), is facing more competition to sell graphical display ads and has had difficulty with its new online ad system, code-named Panama, that was intended to significantly boost its revenue.
Published May 4, 2007 by the Silicon Valley / San Jose Business Journal

Labels: Yahoo Inc., YHOO