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Icahn Cuts Stake In Yahoo; Still Believes in 'Wisdom' of Partnership With Microsoft

Entities associated with investor Carl Icahn have sold 12.7 million shares of Yahoo (NSDQ: YHOO) stock — or about 16 percent of their total holdings in the company — in what they are calling a move to “balance” their portfolios. In a filing with the SEC, Icahn’s affiliates say that the sale of stock should not be taken to mean that they have lost faith in the direction of Yahoo: “The sales in no way were intended to reflect the Reporting Persons

One Response to “Icahn Cuts Stake In Yahoo; Still Believes in 'Wisdom' of Partnership With Microsoft”

  1. it means that have better places to put their money right now and they probably don't think there's any short term catalyst that will drive up the stock. What does this mean? Short Yahoo!