So much for Boone Pickens’ foray into technology. Yesterday, Verne Kopytoff of the San Francisco Chronicle reported that the legendary energy investor dumped all his shares of Yahoo. Kopytoff wrote:

Billionaire investor T. Boone Pickens excoriated Yahoo’s management for failing to reach an agreement to sell all or part of the Web portal to Microsoft Corp.

Pickens, who bought 10 million Yahoo shares in May in hopes that an acquisition was imminent, said Monday that he got tired of waiting for a deal and sold his entire holdings at a loss.

“I think that Yahoo management was pathetic,” Pickens told The Chronicle’s editorial board.

Source:

“Pickens rips Yahoo management, says he dumped shares at a loss”
Verne Kopytoff
San Francisco Chronicle, July 29, 2008

This post is filed under Stocks, T. Boone Pickens, Technology. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.