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Loeb's Third Point Registers Apple, Google, Cisco Stakes

By John Letzing Of DOW JONES NEWSWIRES SAN FRANCISCO (Dow Jones) -- Third Point LLC, the hedge fund that recently won a proxy battle for further control of embattled Internet firm Yahoo Inc. (YHOO), has turned its attention to other large tech firms recently. In a regulatory filing Tuesday, Third Point, which is run by Dan Loeb, registered the ownership of slightly more than 360,000 shares of Apple Inc. (AAPL) in the quarter ended in March. Third Point also reported holding 280,000 shares of Internet search heavyweight Google Inc. (GOOG) in the period, and 5 million shares of networking gear maker Cisco Systems Inc. (CSCO) None of the stakes in tech majors had been disclosed in Third Point's previous ownership filing in February. Third Point has been embroiled in a nasty contest with the board at Yahoo for added control of the troubled company. That contest ended over the weekend, when Yahoo announced that its CEO Scott Thompson was stepping aside and that Loeb and two of his nominees will be added as board members. Third Point, which owns a roughly 6% stake in Yahoo, had flagged an inaccuracy in Thompson's academic record included in the company's regulatory filings. Yahoo stated he had earned a bachelor's degree in accounting and computer science, though he only had an accounting degree. In the wake of that revelation, Thompson agreed to resign and has left the company with no severance pay. He has been replaced by interim CEO Ross Levinsohn, an executive who has been with Yahoo since 2010. -By John Letzing, Dow Jones Newswires; 415-765-8230; [email protected]

Stock News for Yahoo! Inc. (YHOO)
DateTimeHeadline
03/21/201717:08:29Statement of Changes in Beneficial Ownership (4)
03/20/201717:14:03Initial Statement of Beneficial Ownership (3)
03/17/201714:43:00Yahoo's Marissa Mayer Gets Reprieve From Hacking Criticism...
03/17/201707:15:00Yahoo's Marissa Mayer Gets Reprieve From Hacking Criticism
03/17/201703:02:00How Hackers Manipulated Yahoo's Systems -- WSJ
03/16/201720:37:00Alleged Yahoo Hacker Has Evaded Previous Arrest
03/16/201703:02:00Alleged Hacker Flaunted Wealth -- WSJ
03/16/201703:02:00Russians Accused Of Yahoo Hack -- WSJ
03/15/201719:58:00Authorities Lay Out Yahoo Hack Spree
03/15/201718:41:00Yahoo Hacking Charges Cast New Light on Ties Between Russia's...
03/15/201718:27:00Alleged Yahoo Hacker Karim Baratov Flaunted Wealth Online
03/15/201717:11:01Statement of Changes in Beneficial Ownership (4)
03/15/201717:06:00Yahoo Hack: Are You Still at Risk?
03/15/201713:35:00Two Russian Spies Charged in Massive Yahoo Data Breach -- 2nd...
03/15/201713:21:00Two Russian Spies Charged in Massive Yahoo Data Breach -- Update
03/15/201712:17:00Four Men Charged in Connection with Yahoo Breach
03/15/201709:15:00Slam Dunk! Top Brands Score with Basketball Fans in New Campaigns...
03/15/201703:02:00U.S. Plans Charges In Breach At Yahoo -- WSJ
03/14/201723:45:00U.S. Officials Plan to Unveil Charges Tied to Yahoo Hack
03/14/201722:24:00U.S. Officials Plan to Unveil Charges Tied to Yahoo Hack

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