Seeking Alpha – The word is out that the hedge funds are circling Yahoo and Terry Semel. Valleywag is reporting that several prominent hedge funds are smelling blood in the water. Fred Wilson andEric Savitz picked up on this a couple of weeks ago too.
There are many reasons for this, including several suggestions we made a few weeks ago here about steps Semel needed to take immediately to turn the tide operationally and with the hearts and minds of Wall Street. We repeated many of these same comments today in this radio broadcast.
What’s worse, Valleywag is now suggesting that Semel recently presented Yahoo’s strategy to the Yahoos and was booed. Even Henry Blodget is saying it’s time for Semel to go.
