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MSFT vs. YHOO

I had concluded early Sun. morning that I would sell my MSFT. I remained convinced that MSFT could spend $4 billion a year for the next ten years and take whatever market existed at that point from YHOO. So, in my view, an acquisition for $44 billion, a meaningless few thousand of which represents my MSFT stock position, was a giant waste.

I was pleasantly surprised - almost shocked really - to learn later on in the day than MSFT had called the whole thing off.

Steve B.: sometimes the best deals are the ones you don't make. This is one of those times.
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