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Old 05-24-2011, 08:29 PM   #1
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Yahoo went public on August four with far more particulars about terms of its search cope with Microsoft in its Securities and Exchange Commission (SEC) filing.You will discover a few particulars I discovered interesting, specially when evaluating Yahoo;s 8-K filing towards the Yahoo-Microsoft expenses slide that Microsoft erroneously included inside a Financial Analyst Meeting slide deck last week.According to Yahoo;s filing, if and when the Microsoft-Yahoo deal gains regulatory approval:“Microsoft will hire not less than 400 Yahoo,Windows 7 Starter Key! employees (the “Transferred Employees”) and will offer you the Transferred Employees market competitive compensation packages. In addition, Yahoo! and Microsoft will mutually agree on a retention plan to be paid for by Microsoft to assist in retaining the Transferred Employees and an extra 150 Yahoo,Buy Windows 7 Starter! employees to be mutually agreed upon between Microsoft and Yahoo! to assist with providing the transition services.”I guess that explains the “retention pre/post close” costs of $90 million that Microsoft expects to spend as part of its new partnership.Then there was the mention in that Microsoft expenses slide of $150 million worth of “sign-on” costs. Looks like that might map towards the $50 million annual payment Microsoft will make to Yahoo during the first three years of the agreement,Windows 7 Ultimate, which may be used to “partially cover transition and implementation expenses not otherwise covered” under the offer.When Microsoft announced plans at the start of this year to cut 5,Windows 7 Enterprise Product Key,000 of its own employees,Office Professional, CEO Steve Ballmer said the Online Services Division — the part of the company responsible for search and online advertising — would still be adding new hires in that unit. Now we know where 400 to 500 of those hires are going to come from….Anyone else see anything noteworthy in Yahoo;s new 8-K filing?
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Old 05-24-2011, 11:57 PM   #2
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