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[Ulisses Pereira]

"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)