Tech Town, NC

Fred Wilson nailed this with “You had to see this coming.” Just after Yahoo disappointed everyone with its earnings and the stock dipped a good 8% I thought to myself, “now might be a good time to buy some YHOO.” Turns out I was right, as the stock is now worth about 50% more than that. I, of course, did not follow my own advice, primarily because I have no money with which to purchase said stock. Oh well.

A lot of people looked the Yahoo shares 2 days ago, saw the Market Capitalization around 28 Billion and knew the sharks were circling. Microsoft, the biggest shark out there, made the big offer and is quietly pinching itself at its good luck. The world’s largest internet company (by rough eyeball-count) has to be worth more than 28 B, and now it will have a chance to realize that value. The combination of search share, ad platforms, and general traffic should boost the bottom line of both units. There’s LOTS of work to be done, but I see this as a smart move for both sides.

Meanwhile in Google Land shares are down 230 points from their high…

Here’s an idea – Maybe it’s time to buy some GOOG. Oh, nevermind, I still don’t have any money