Tuesday, July 29, 2008

T. Boone Pickens should have shorted Yahoo, instead

Oil billionaire T. Boone Pickens just took a hard, cold tech bath by going long YHOO, with his buddy Carl Icahn, in the yearlong battle to takeover Yahoo! and toss it to Steve Balmer and Microsoft. He has sold all of his shares.

T. Boone's loss is estimated at $50 million.


Dealbreaker

San Francisco Chronicle