God Bless Competition!
And bless also the corporate dominance of companies that not just can... BUT DO ! ! !
Say what anyone will about MS. They are the gorilla and they have eanred it.
MS made a remarkably FAIR bid for Yahoo (which has now become more synomous with the NOUN than the exclamatory!) and their provincial, non-shareholder value positioning, will/has squash/ed the value down to $25 a share. What a corporate mass of boobs! And they truly abandoned their fiduciary role on behalf of shareholders and health of the corporation. It may be that Yahoo will recover and someday become a heavy-weight once again, but business and competition DON'T WORK THAT-A-WAY! It's always about cost of capital... and if there is a management team with a competitive vision that is willing to PAY for something for a flailing company, then the MARKET SAYS, go for it. Do IT!
I hope MS washes Yahoo's collective boards' faces in it when they finally take over the company at perhaps an even more greatly reduced value point than $25.
Lou - Lighthouse/Watersone Consulting