When: Wednesday, July 23
Where: CNBC's Business Day Programming
Following are excerpts from a CNBC EXCLUSIVE interview with Sue Decker, President of Yahoo! Inc. During the interview with CNBC's Jim Goldman, Decker discusses the Yahoo/Microsoft deal and the fact that there are currently no active negotiations with Microsoft and how she is looking forward to meeting Icahn and teaching him about her business, among other topics.
All references must be sourced to CNBC. The full interview will be available on Jim Goldman's blog techcheck.cnbc.com.
"you know sometimes the lens that people look through reflects the story they want to tell. I think I'm realistic about that. I think my staff is realistic about that. I would like to get the distractions behind us because we have a lot to show. But I don't take it personally, I don't dwell on it too much. I want to move forward."
JIM: IS IT ALL JUST WATER UNDER THE BRIDGE NOW OR DOES ANY OF THOSE ACCUSATIONS AND CHARGES AND INSULTS AND ALL OF THAT KIND OF STUFF. IS THAT ALL JUST INSTANTLY WATER UNDER THE BRIDGE.
SUE: I THINK YOU HAVE TO REALLY DISTINGUISH WHAT HAPPENS IN A PR WAR AND PROXY CONTEST FROM REALITY. I'M TOTALLY LOOKING FORWARD TO MEETING HIM. I'D LOVE FOR HIM TO LEARN ABOUT OUR BUSINESS AND I'D LOVE TO GET HIS ADVICE. SO, THERE ARE ABSOLUTELY NO HARD FEELINGS OF ANY SORT. I THINK THE BEST THING I CAN SAY IS THAT WE'RE MOVING FORWARD AND WE'LL HAVE THE DISTRACTIONS BEHIND US AND I WANT THAT FOR OUR EMPLOYEES AND I WANT THAT FOR OUR COMPANY."
JIM: ARE YOU MORE IMPORTANT TO MICROSOFT OR IS MICROSOFT MORE IMPORTANT TO YAHOO?
SUE: YOU KNOW I CAN'T REALLY COMMENT ON OUR VALUE TO MICROSOFT. I THINK THEY PUBLICLY SAID THAT WE WERE FAIRLY CENTRAL TO THE STRATEGY THEY'RE EXECUTING. AS FAR AS OUR CONCERN, OUR BUSINESS IS CONCERNED, WE HAVE A PLAN, A STAND ALONE PLAN WE'VE BEEN OPERATING ON. WE DO SEE VALUE OF THE TWO COMPANIES TO COME TOGETHER IF YOU PUT THE ASSETS UP AGAINST EACH OTHER THERE COULD BE ENHANCED VALUE. SO IT'S REALLY A MATTER OF WHAT'S THE RIGHT PRICE AND WHAT'S THE RIGHT STRUCTURE OF A DEAL. DO WE HAVE A PLAN WITHOUT THEM? ABSOLUTELY."
"OUR BOARD SENT JERRY AND DAVID UP TO NEGOTIATE, AND IN THE COURSE OF OUR FIRST NEGOTIATION MICROSOFT WALKED AWAY. THERE HAVE BEEN A NUMBER OF MIXED SIGNALS BACK AND FORTH AND I DON'T EVEN THINK IT'S PRODUCTIVE TO DO THE WOULD-OF, COULD-OF, SHOULD-OF AT THIS POINT. OUR BOARD'S BEEN CLEAR. THEY'RE ABSOLUTELY WILLING TO SELL AT THE RIGHT PRICE."
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