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Things might have settles after a major slump in the stock market earlier last week but it appears that the Goliath of present economic crisis is out again sledging major tech company stocks further down. The companies that took the most severe hammering included Apple and of course Yahoo.
Apple’s whose stock had rocketed higher than $200 a share earlier this year has taken a nose dive by hitting half that price at $100 and having a hard time to maintain the three figures. Yahoo on the other hand has made one realize that there is no limit for Yahoo when it comes to hitting a low. The present stock standings for Yahoo have broken all past records and they now stand at a dwarfed $15.58 each. With chances of a further slump a near possibility.
Google itself has taken a drop but given its massive stock rate the fall of $21.21 doesn’t really appear much. Microsoft on the other hand appear to have remained steadier than the rest and it appears to be a right time for Microsoft to attempt another acquisition of Yahoo. The reason is obvious, according to current standings Yahoo’s overall market value is tipped at $21.59 billion, half of what Microsoft had put it. But it appears Microsoft’s CEO, Steve Ballmer thinks the same; he has been pretty stern with the idea of trying anything but getting in talks with Yahoo.
I for one see it to be possible that sooner or later Yahoo would belong to Microsoft and shareholders need not panic and get rid of these stocks, just in case Microsoft buys it for twice the current rate.
