Bill Miller

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Amazon: Legg Mason Sharply Reduces Stake

Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily in News on February 18, 2009 at 12:07 pm PT

Slowly but surely, Legg Mason has been easing out of its once gigantic stake in Amazon.com, formerly a favorite stock of Legg Mason portfolio manager Bill Miller. In a filing with the SEC yesterday, Legg disclosed that it now holds 9,592,126 Amazon shares, down from 24,280,422 shares in its previous filing in October.

Doing the Math: Who Won in the Yahoo-Icahn Truce?

Kara Swisher in News on July 21, 2008 at 6:31 pm PT

A source close to Yahoo’s thinking emailed and declared that BoomTown was misinformed and ignorant of the insider mechanics of high-level corporate wrangling when I suggested in a post earlier today that the settlement between Yahoo and Carl Icahn was perhaps not the time to break out the bubbly. You know, because Yahoo’s stock is still moribund, morale is still low, Microsoft is still looming and the economy is still tanking. Other than that, Yahoo sources wanted to let me know the Icahn truce was a win. And that is absolutely true, technically speaking.

Who Has Stolen the Old Jerry Yang? (But No Need to Return Him!)

Kara Swisher in News on July 20, 2008 at 2:38 am PT

Could the new and improved Yahoo CEO Jerry Yang actually manage to beat back the proxy fight being waged against him by activist investor Carl Icahn? It increasingly looks that way, with only 12 days to go until Yahoo’s annual meeting on August 1. But exactly which Yang will be running Yahoo, if he does win, is probably the most important question shareholders need to ask. Would that be the seemingly energetic Yang of the past two weeks, invigorated by the battle with Icahn and his new best friend and Yahoo foe, Microsoft? Or will it be the other Yang?

Yahoo's Got Leggs, Knows How to Use Them

John Paczkowski in News on July 18, 2008 at 6:02 am PT

Yahoo’s latest broadside against the “Microsoft-Icahn agenda” has struck a chord with a key investor: Legg Mason Capital Management. The firm on Friday threw its support behind Yahoo, saying it will vote its 4.4 percent stake in Yahoo (60.7 million shares) against the slate of dissident directors presented by investor-agitator Carl Icahn.

Yahoo’s Got Leggs, Knows How to Use Them

John Paczkowski in News on July 18, 2008 at 6:02 am PT

Yahoo’s latest broadside against the “Microsoft-Icahn agenda” has struck a chord with a key investor: Legg Mason Capital Management. The firm on Friday threw its support behind Yahoo, saying it will vote its 4.4 percent stake in Yahoo (60.7 million shares) against the slate of dissident directors presented by investor-agitator Carl Icahn.

BoomTown Decodes Carl Icahn's Letter to Yahoo!

Kara Swisher in News on May 15, 2008 at 2:01 pm PT

BoomTown’s most favorite part of the Yahoo takeover circus? The dueling letters, of course! How the lovely practice of missives has fallen out of favor, as soulless emails have grown in use. Well, not in the land of hostile takeovers! So here’s our decoding of billionaire investor Carl Icahn’s thankfully brief letter to Yahoo’s Chairman Roy Bostock, informing Yahoo that he begins bombing in five minutes.