Yahoo has the same amount of cash as Google and they threw in the towel on that Dog. Yahoo went up $1.50 (4%) when they walked.
Microsoft could by AOL with the interest on their cash so if Google "wins" this bid they will be overpaying, overextending and overdistracting.
It will be a disaster and the end of a nice run and that’s what’s keeping the stock down at the moment.
AOL brought TWX to it’s knees from an $80 to a $20 stock in 3 years after the purchase.
Google has an amazing new thing coming down the pike with this classified system, should be good for another Billion or so…
Once Google is out of this bidding process (early next week) the stock will fly again but, mark my words, if they buy AOL they will fall off a cliff!!!
ps – Google up 4% = $15 so look out shorties…
