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AOL Shareholders Upset Over Exec Departures
Posted February 7, 2012
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By Alexia Tsotsis
An inordinate amount of business deals with telling stories about the future. The reason Yahoo's (YHOO) market cap is down to $19.83 billion from a high of $55 billion is because shareholders don't believe that it has a future. The reason Aol (AOL) bought Bebo for $850 million (a little over half of Aol's current market cap!) is that at the time it essentially believed - after processing analysis and reports, of course - that it was worth that much ...
Last night I read this report that a small investment firm was pleading with Aol to get its act together; "The current market price of Aol fails to reflect the substantial value of the some-of-its parts. [sic]" And then Skyped a friend, "And so it begins.* " *It being the inevitable dissolution of the company that actually pays my salary. SHUDDER. READ FULL ARTICLE HERE
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