Yahoo / Yang did not have alot of moves available to them. They were in no position to scratch their nose if it itched.
Microsoft was probably thinking back about their offer from the previous year for 40 bucks per share when they offered 31 per share rather than much lower. That and he has to get the major holders interested. Its a time issue. I rather think he has it all planned. RE: take a quick read of James J. Cramers account of playing poker with Ballmer at Harvard. Cramers extremely competitive and it got to a point he could not beat Ballmer. In regards the whole situation I can’t help imagining Steve Ballmer wrestling one of those stone idols on Easter Island. You know how imposing they look?….and how they just sit there not budging?……. Yahoo’s only option was the delay tactic. Delaying is pretty effective considering Microsoft’s need to get on with it if they want to compete with the Goog in the propaganda. Yahoo/Yang sat there like the stone heads. Thus when Yang did not budge Ballmers only recourse was to pull the stone idol down on its stony stationery nose. Now that he’s done that the stock price will drop like a rock on its face. Yang will now get an earful from just about everyone and their grandmother. At which point Yang will be forced back to MS. “how about that 33 bucks a share?” will be the line. Ballmer will most likely go with the 33 or 31 bucks per sheet and get on with the job. I hope he chimps out and does another monkey boy dance when victorious. The world needs this sort of joy!