Yang declares acquisition by Microsoft is the company's best option Maybe I’m missing something here, but it strikes me as just a bit out of touch for Jerry Yang to announce at the Web 2.0 Summit last week that Yahoo’s best option is to be acquired by Microsoft. In May, Yang turned down an offer from Microsoft at $31 per share. Now the stock is currently trading around $12 per share. Seems to me the time to sell would have been when the buyer was interested.No doubt there will be plenty of acquisitions in the tech market over the next year. As Fortune magazine has reported, it’s a buyer’s market for technology companies right now. Cisco, Apple, IBM, Google, Oracle, Microsoft, and others can take advantage of strong balance sheets to pick up quite a few bargains. But being acquired isn’t much of a strategy for a CEO.Yang should focus on defining a clear business strategy for the company. Yahoo is in lots of different businesses with no overall strategy and few winners. It’s been outgunned by nimbler companies who have been more focused and done a better job meeting customer needs. If Yahoo improves its execution, maybe it can get back in the game. But it seems unlikely to me that the folks who landed them in this mess will get them out of it. If Yang isn’t the guy to take dramatic actions, he better bring in some new talent. Open Source