The big discussion today on Techmeme of course, is the news of Microsoft officially withdrawing it's offer for Yahoo! over the weekend (and Yahoo!'s official response). The bid-ask at the point of break-down of the talks was apparently $33-$37, with some large Yahoo! shareholders rooting for a result at least in the middle.
Fred Wilson has a post with a survey question on where Yahoo! might close Monday afternoon, which is an interesting short-term exercise.
More critical for longer-term shareholders is whether a future without Microsoft promises higher or lower returns in a reasonable time-frame. Unquestionably the Microsoft bid has instilled a higher urgency in Yahoo! management and board to prove this to be the case.
Now we go from one waiting game to another.
Disclosure: I'm a long-time Yahoo! investor.