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[Ulisses Pereira]

"Yahoo!'s Achilles Heel Is at the Top"

By Jim Cramer
RealMoney.com Columnist
10/20/2006 10:32 AM EDT

"Yahoo!'s (YHOO - commentary - Cramer's Take - Rating) getting there. My $21-$22 price target is becoming a reality. But, and this is a big caveat, if you don't read that current management is about to get the hook, it's going to fall back to $18. This group is that bad. That smug. That incompetent. That arrogant. That stupid. Do you think I would trash them every night if they were sweet, hands-on guys who showed remorse?

I own this stock for my charitable trust, Action Alerts PLUS, so I am more aggrieved than ever about this one. Furious.

I am beginning to believe that there is no board of directors there. The buyback's basically a joke, they aren't for real. Their plans are nonexistent. And now that we have seen what Google's (GOOG - commentary - Cramer's Take - Rating) capable of doing, we know that Yahoo! is simply a checked-out outfit until it gets some management.

I mean it. There's no management. None. We saw this at IAC/InterActiveCorp (IACI - commentary - Cramer's Take - Rating) until it got Doug Lebda in there. Where's Yahoo!'s Doug Lebda? Heck, why doesn't Yahoo! hire Doug Lebda?!?

This one's going down some more, at least a dollar and a half more, before it finds a bottom -- unless we get a change. "

At the time of publication, Cramer was long Yahoo!.

(in www.realmoney.com)