5/4/08

Stevie B backs down!!!

It's already been an amazing day, Microsoft backed down from their attempted takeover of Yahoo! It started with a buyout bid that undervalued them, then threats of a hostile takeover, then threatening to oust their board and cut their offer (despite a Microsoft stock downward spiral and Yahoo gaining value), and now ends with Stevie B backing away with his tail between his legs. Even if they had acquired Yahoo they would be far from able to compete with Google in any arena. Vista is being labeled the biggest mistake for Microsoft in their history, they're losing customers at an alarming rate (for them). Now this is making them look even weaker. It will be interesting to see where the next couple years takes the tech world.

http://news.bbc.co.uk/2/hi/business/7382665.stm

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