Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
Earlier this week, Yahoo! chairman Roy Bostock and CEO Jerry Yang wrote to shareholders urging them to re-elect the present board at the August 1 annual meeting.
Bostock and Yang wrote "Mr. Icahn has no credible plan except to sell the company to Microsoft - despite the fact that Microsoft has publicly indicated that it has no current interest in such a transaction. Given Microsoft's stated position of not wanting to acquire Yahoo!, the election of Mr. Icahn's slate could result in substantial erosion of stockholder value."
Microsoft then threatened a proxy battle if the deal did not go ahead, but the Yahoo! board stood its ground.
Microsoft did not carry through with its threat and instead withdrew its bid in May, with CEO Steve Ballmer saying Yahoo!'s asking price of $US37 was too high.
Unless Icahn and his associates are elected, it seems Yahoo! will continue on its present course as an integrated, stand-alone company.
David Bass
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