Cramer: "Ballmer's Letter Should Boost Microsoft Shares
Enviado: 7/4/2008 14:04"Ballmer's Letter Should Boost Microsoft Shares"
By Jim Cramer
RealMoney.com Columnist
4/7/2008 6:52 AM EDT
"The big rap against Microsoft (MSFT - commentary - Cramer's Take) was that it would overpay to buy Yahoo! (YHOO - commentary - Cramer's Take).
A number of analysts have been quite vocal that Microsoft would end up paying $34 for this, and that's been a heavy lid on Mister Softee in what has been a darned good tech run, one that has led to many breakouts or near breakouts even though seasonality's a real problem.
This weekend's news that Steve Ballmer would rather walk away than pay up -- I think that's the succinct way to put it -- is great news for MSFT shareholders. Yahoo! is probably having a dog-awful quarter, especially if Google (GOOG - commentary - Cramer's Take) has seen a click slowdown. This, of course, is all self-inflicted, as I believe Yahoo!'s initiatives and personnel changes should have led to some growth or share take.
Either walking away or keeping the bid around here would drive MSFT higher, I believe, given that the stock was in the mid-$30s when it made its bid.
Seems like a good risk/reward."
(in www.realmoney.com)
By Jim Cramer
RealMoney.com Columnist
4/7/2008 6:52 AM EDT
"The big rap against Microsoft (MSFT - commentary - Cramer's Take) was that it would overpay to buy Yahoo! (YHOO - commentary - Cramer's Take).
A number of analysts have been quite vocal that Microsoft would end up paying $34 for this, and that's been a heavy lid on Mister Softee in what has been a darned good tech run, one that has led to many breakouts or near breakouts even though seasonality's a real problem.
This weekend's news that Steve Ballmer would rather walk away than pay up -- I think that's the succinct way to put it -- is great news for MSFT shareholders. Yahoo! is probably having a dog-awful quarter, especially if Google (GOOG - commentary - Cramer's Take) has seen a click slowdown. This, of course, is all self-inflicted, as I believe Yahoo!'s initiatives and personnel changes should have led to some growth or share take.
Either walking away or keeping the bid around here would drive MSFT higher, I believe, given that the stock was in the mid-$30s when it made its bid.
Seems like a good risk/reward."
(in www.realmoney.com)