ON A YAHOO! VICTORY OR DEFEAT

BINARY OUTCOMES

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.

Quizzes by Quibblo.com

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.