Billionaire investor opposes selling just a portion of the Internet pioneer because he believes the stock is undervalued.
Steven MusilNight Editor / News
Steven Musil is the night news editor at CNET News. He's been hooked on tech since learning BASIC in the late '70s. When not cleaning up after his daughter and son, Steven can be found pedaling around the San Francisco Bay Area. Before joining CNET in 2000, Steven spent 10 years at various Bay Area newspapers.
ExpertiseI have more than 30 years' experience in journalism in the heart of the Silicon Valley.
"Right now I would be against that and I pretty much told Jonathan that," Icahn said. "I think the stock is very undervalued."
He also said that while he had not spoken with others on the board about a partial sale, he thought they would agree with him.
In recent months, Yahoo shares have fallen, along with the rest of the stock market, and have been hovering around the $10 mark--a far cry from the $33 a share Microsoft offered in its takeover bid for the company earlier this year.
Icahn was also queried about who he thought would make a good chief executive for the search pioneer after the recent resignation of CEO Jerry Yang. Icahn said the company needed a CEO who is "a hard-nosed, cost-cutting kind of guy," but did not mention any candidates by name.
He also emphasized that he would still like to see a search deal worked out with Microsoft.
Yahoo has been under great financial pressure lately. In addition to Yang's resignation, there has been a parade of executives abandoning the troubled search company.