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Why Yahoo Shouldn't Buy Back Its Own Stock

Bill Miller is kicking himself this morning. The second-largest shareholder in Yahoo, he wanted $35 to sell out to Microsoft, and so he held on to his shares rather than hand them over to arbitrageurs at $29 or so. But now that Microsoft has picked up its ball and gone home, Miller has decided that if Ballmer isn't going to start buying Yahoo shares shares then maybe Yang should. He spoke to the NYT's Miguel Helft:

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