It is clear to me that the board of directors of Yahoo has acted irrationally and lost the faith of shareholders and Microsoft 
I sincerely hope you heed the wishes of your shareholders and move expeditiously to negotiate a merger with Microsoft, thereby making a proxy fight unnecessary.. It is clear to me that the board of directors of Yahoo has acted irrationally and lost the faith of shareholders and Microsoft. I and many of your shareholders strongly believe that a combination between Yahoo and Microsoft would form a dynamic company and more importantly would be a force strong enough to compete with Google on the Internet.
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