The news on the street this morning is all about the reply letter from Yahoo's board. Indeed this gives them a 2nd chance to jump on the box and make it clear once and for all that the angel which is Microsoft was not as solid in this deal as it hoped to make everyone feel. The bottom line here is that Microsoft realized that this was not the best venue into the web arena. It would have damaged both products and the decision to back of and use Yahoo's board as a scape goat was a brilliant move.
All that useless BS aside though, we are left with YHOO the stock. These two companies are not coming back to the table (YOU HEARD IT HERE FIRST). Eventhough I do believe that yahoo has a decent product which can eventually pull some rabbits out of a hat and blow up like AAPL did when it was in the teens. However this is not the time and if you want a multi year investment then you are in the right place. Should you be looking for a few solid points in the short term then I suggest going short !!!
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