After writing my piece on Microsoft, they announced their $44.6 billion bid for Yahoo!
Right or wrong choice?
As I said in December, they should buy into the future and hence Facebook or
something less over-valued in the Web 2.0+ world. Nearly $45 billion
seems a bit much for a website that’s struggling to compete in this new
world. Mind you, Microsoft may have competition in their $45 billion bid to buy Yahoo.
There’s a good analysis here from The Times though, if you want the real low-down, and an interesting view from Forbes that says it’s the wrong choice. Meanwhile, the New York Times appears to have read my December column
and concurs that Microsoft is repeating IBM’s lifecycle of the new
thing, the monopoly, the has-been, the renewal and the rebirth (maybe
another column here).