The New York Post is reporting that Bill Gates (MSFT) wants Yahoo (YHOO)! This is a rumor that had been out of there on the fringes in recent weeks. New York Post: Bill's Hard Drive. Anything is possible these days and $50 bln is quite possible for Mr. Softee. YHOO is surging by 20% this morning, while MSFT is (one of my longs) is down 1%. Google, on potential new competition, is down $6 or a little more than 1%.
Here's Henry Blodget's insightful take on the situation: http://www.internetoutsider.com/2007/05/microsoft_to_bu.html
Week's ago something big in YHOO shares was telegraphed by options activity which OptionPundit picked up on: http://www.optionpundit.net/daily-report/unusual-as-usual
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