So Yahoo doesn’t want to be taken over by Microsoft huh? I don’t blame them. I am wondering though, exactly what inside Yahoo is worth holding on to?

Yahoo chief executive Jerry Yang sent a message to employees on Wednesday, assuring them the firm’s leaders are exploring ways to avoid a takeover by software giant Microsoft.

In an email to Yahoo workers, Yang said the board of directors has yet to decide how to respond to Microsoft’s offer to buy the veteran Internet company for 44.6 billion dollars in cash and stock.

“Our board is thoughtfully evaluating a wide range of potential strategic alternatives in what is a complex and evolving landscape,” Yang wrote in the email, which was filed with the US Securities and Exchange Commission.

“What’s become clear in the past few days is how much people care about this company. I’ve heard from many of you, and from other friends and colleagues from around Silicon Valley and across the globe, that we need to do what’s best for Yahoo and our shareholders.”

Microsoft’s unsolicited offer to pay the equivalent of 31 dollars per share for Yahoo highlights the 14-year-old California firm’s potential to recapture past glory, Yang told employees.

The potential to recapture past glory? How? By making something that people actually want to use? I won’t hold my breath, unless of course they have something to fill a nice Riedel with, then I will wait.

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