I'm thinking the MSFT/YHOO news is the weekend catalyst...

just a hunch... very nicely timed... however... if it's absorbed w/out a large high vol sell off in the overall market on monday... well i think that'd be very very telling (i don't think we'll see this scenario though... )

Is this what YHOO's chart is gonna look like on Monday? Cause... well that would be kinda bad for the market... huh? ... i guess we'll see...

http://stockcharts.c...0629&r=2997.png

I wouldn't assume that. Right after the announcement of the buyout, the market tanked.. YHOO went up tho. Opposite may happen.

Yahoo tanks, of course, but why don't MSFT and especially GOOG trade higher?

MSFT should get the 7% decline back though which it lost when the offer was initially announced. This would push the DOW and NDX up in a decent manner. No matter what the outcome, the market is showing bullish posture now so any decent pullbacks are bound to get bot by lazy fund managers that have been falling asleep at the wheel and remain heavily invested in cash.

Yahoo! Issues Statement in Response to Microsoft SUNNYVALE, Calif.--(BUSINESS WIRE)--Roy Bostock, Chairman of Yahoo! Inc. (Nasdaq:YHOO), a leading global Internet company issued the following statement today in response to Microsoft Corporation's announcement that it has withdrawn its proposal to acquire Yahoo!:

"We remain focused on maximizing shareholder value and pursuing strategic opportunities that position Yahoo! for success and leadership in its markets. From the beginning of this process, our independent board and our management have been steadfast in our belief that Microsoft's offer undervalued the company and we are pleased that so many of our shareholders joined us in expressing that view. Yahoo! is profitable, growing, and executing well on its strategic plan to capture the large opportunities in the relatively young online advertising market. Our solid results for the first quarter of 2008 and increased full year 2008 operating cash flow outlook reflect the progress the company is making. Today, Yahoo! has:

a refined strategic focus to drive enhanced volume and yield;
reorganized to focus its efforts on its most promising products and services;
invested in innovations designed to revolutionize display advertising and facilitate closing the competitive gap in search;
and

• enhanced expense and resource management to support improved profitability."

Jerry Yang, co-founder and chief executive officer, Yahoo! Inc. added, "I am incredibly proud of the way our team has come together over the last three months. This process has underscored our unique and valuable strategic position. With the distraction of Microsoft's unsolicited proposal now behind us, we will be able to focus all of our energies on executing the most important transition in our history so that we can maximize our potential to the benefit of our shareholders, employees, partners and users."

Edited by SemiBizz, 04 May 2008 - 11:28 AM.