Here’s an interesting story I came across this morning. Yesterday, Fortune’s Todd Woody wrote about legendary oilman T. Boone Pickens, Jr., who talked to the magazine’s staff about none other than— Yahoo. Woody wrote:

The billionaire oilman has bought 10 million Yahoo shares and is backing Carl Icahn’s bid to oust the Internet company’s board in the aftermath of the failed (so far) deal with Microsoft.

“I’m just coat-tailing Carl on that,” said Pickens, who celebrated his 80th birthday last Thursday. He said he had not discussed Yahoo with Icahn before buying up Yahoo stock. “I didn’t talk to Carl. Hell, I can’t even write an e-mail,” said Pickens.

“I’m not even sure what Yahoo does,” he added.

Blind faith? With a net worth of $14 billion, Icahn IS the 46th richest man in the world. Woody added:

According to Pickens, after Microsoft walked away from its $47.5 billion bid on May 3, he called his office and asked what Yahoo was trading for. “When they said around $21, I said buy 1 million shares but they misheard me and bought 10 million,” he said, pausing a beat before cracking a smile.

As Yahoo (YHOO) is trading a little over $27 a share this morning, Pickens can afford to smile…

Source:

“T. Boone Pickens on Yahoo”
Todd Woody
Fortune (on CNN Money), May 27, 2008

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