Last night, Yahoo chief executive Jerry Yang posted a defense of Yahoo's strategy on the Yahoo Anecdotal corporate blog. His take? Yahoo has just too many darn exciting developments going on to allow a third party to come in and take over. In a way, it's a response to the "blame game" that Joe Wilcox at Microsoft Watch has written about.
In all seriousness, though, give credit to Yang for this statement: "We know the spotlight will probably stay on us for a while. That's fine -- we have a clear path ahead and momentum to build on. And thousands of dedicated Yahoos around the world who have held up well to scrutiny. It's now up to us to show what we Yahoos can really do." He's right. But it's also up to Yang to show what he can do, too.
Has it worked? No. Yahoo's stock price is currently hovering about $24 a share, right on the edge of the range I thought might happen in a post onthe future of Microsoft and Yahoo.
Full text of Yang's post after the jump.
The last 13 weeks have been a remarkable time here at Yahoo!. We've been living under the microscope in a way we never have before. There has been greater attention than ever on our strategy and our ability to execute against it. Some even questioned whether Microsoft's unsolicited proposal would distract us from our mission, just as we were beginning to really push the pedal on our strategy.
Those people underestimated the determination of Yahoo!'s incredible people, spirit and culture.
Our first quarter was probably one of the most exciting quarters in our history in terms of delivering innovative products and services that really move the needle and make a difference for our users and customers: Acquiring Maven Networks. Launching Buzz, OneSearch 2.0, voice-activated mobile search, video on Flickr, Shine. Previewing AMP! from Yahoo! and SearchMonkey. Adding more Newspaper Consortium members. Establishing our New R
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