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|Microsoft's Ballmer Says Yahoo Buy Not a Strategy In Itself|
| 4:04 pm on May 23, 2008 (gmt 0)|
Microsoft's Ballmer Says Yahoo Buy Not a Strategy In Itself [reuters.com]
|Microsoft Corp Chief Executive Steve Ballmer said on Friday that buying Yahoo was not a strategy in itself, and dropping the bid meant it now had $50 billion to spend on other acquisitions. |
"Yahoo was never the strategy we were pursuing, it was a way to accelerate our online advertising business," he told a packed hall at a technology conference in Moscow.
"We will spend money on some acquisitions. You can do a whole lot of things with 50 billion dollars," he said.
| 5:36 pm on May 23, 2008 (gmt 0)|
He's only digging his grave a bit deeper trying to weasel out of his bad calls in the past.
| 5:45 pm on May 23, 2008 (gmt 0)|
I like to do some of those "bad calls" if that's going to give me $50 BILLION to spend in acquisitions.
I guess buying Yahoo's search business would be a much less expensive deal.
Microsoft seems to have the negotiation scenario pretty much under control.
Money talks, 'reality distortion' walks...
| 7:12 pm on May 23, 2008 (gmt 0)|
Memo to Steve Ballmer:
Put some of that money into developing a world class cutting edge search engine that will make more people actually want to USE IT!
| 7:33 pm on May 23, 2008 (gmt 0)|
Offer $10 million each to to Yahoo's top engineers.
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