Is Yahoo’s Letter the First Concession?

Despite its defiant tones, Yahoo’s response to Microsoft Monday morning looks like the letter of a defeated company. Yes, the letter asserts Yahoo stands by its financial projections for the year, despite the wavering economy. And it challenges various bits of Microsoft’s letter sent Friday night.

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This is a section of the AllThingsD Web site featuring posts that have been curated from around the Web: pieces we’ve read, discussions we’ve followed, stuff we like. Five posts are included here each weekday, but only the headline and the first two sentences. We link to the original site for the rest. The section is explicitly labeled, so it’s clear that content comes “from other Web sites.”

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