Microsoft shoots self in foot

From a Bloomberg on-line article:
Some Microsoft Corp. shareholders say the software maker's $44.6 billion bid for Yahoo! Inc. may backfire and reduce its ability to compete with Google Inc. in Internet consumer services and advertising. "This is a stupid deal, and I'm not happy," said Jane Snorek, who helps manage more than $70 billion in assets at First American Funds in Minneapolis. She said the firm began selling much of its Microsoft position yesterday, when the stock dropped 6.6 percent, the most since April 2006. "I'm expecting slow market-share erosion from Microsoft and Yahoo."
"Yahoo, based in Sunnyvale, California, also has failed to break Google's hold on the market, losing Internet search users and share of the online ad market. The stock had lost almost half its value in the past two years before the deal was announced."
"Microsoft doesn't have the experience to fix and combine Yahoo," said Jon Fisher, a portfolio manager at Fifth Third Asset Management in Minneapolis. "They never bought a fixer-upper before," said Fisher."

Rico is laughing up his virtual sleeve; couldn't happen to a nicer bunch of folks...