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Yahoo's Stock Returns To Pre-Microsoft Prices

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Way back on January 31st, Yahoo's stock closed at $19.18 per share.  Then Microsoft's unsolicited acquisition offer nudged things up towards $29.  Unfortunately for investors, all that progress has been lost.

Yahoo's stock closed at $19.17 on Tuesday.  No selloff ensued, which at this point has to be put in the "good news" column.  But people didn't embark on a buying spree, either, and since the end of trading yesterday saw Yahoo close at $19.11 per share, the dip under $19.18 doesn't appear to have been a fluke.

Yahoo Stock' /><br /> Yahoo's Recent Rise And Fall<p>Anyone who bought stock near Yahoo's February peak is guaranteed to be unhappy at this point; having lost around 34 percent of an investment, they'll be lucky not to experience palpitations.  Normal shareholders who saw a profitable situation disappear may not be in the best of moods, either.</p>
<p>It wouldn't be surprising if Carl Icahn and the two Yahoo board members he selected are adding this occasion to some sort of list that they'll present against Jerry Yang at a later date.  And if Steve Ballmer - or someone representing any company with a fair amount of cash - wandered back to the bargaining table, an acquisition might be inevitable.</p>
<p>The real value of Yahoo at $19.11 per share is little different from what it would be at $19.18, of course, but investors are people, not calculators, and this loss looks bad.</p>                </div>
                
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