Monday, February 11, 2008

MSFT offered $35?

So, Microsoft's previous offer for Yahoo was $35. Or so says Henry Blodget. This would explain why YHOO is up more than 2% so far ($29.82). The Nasdaq is up 13 points (0.56%) and 19 of my Top 25 are in the green. I expected Yahoo to be down today after its board rejected MSFT's offer and countered with a $40 demand.

>> Yahoo's "AOL Talks"--More Smart Smoke From Yahoo's Advisors

The "smokescreeen" talk may or may not be helping. Something's helping. MSFT is down 1.6% to 28.08.

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