Microsoft Celebrates If Yahoo Fumbles

Mirroring the Internal Revenue Service Vehicle Tax Credit Program , Bank of America, (BAC) announced expansion of its $3000 reimbursement program to employees purchasing new hybrid vehicles to cover the entire U.S. and more than 185,000 employees, due in part to the success of its pilot program (instituted last June in Boston, Los Angeles and Charlotte). Read the full story here, as well as Bank Of America's Press Release.

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Written by David Neubert

Eric Savitz asks, "What will Microsoft do if Yahoo Whiffs Q1?" My bet is that the market will think Microsoft (MSFT -$28.63) is paying too much for Yahoo (YHOO- $28.45) and perhaps will be hit and go down a buck or two. What SHOULD Microsoft do? CELEBRATE. Yahoo still has huge web traffic and a killer franchise with billions of eyeballs. The fact that they can't make good money off that AGAIN just means they need Mr. Softy more than ever. Microsoft should lower their bid and I would think that MSFT would rally on the fact that Yahoo just got cheaper.

Silicon Alley Insider, Henry Blodget's take on Yahoo Earnings Scenario.

Thomas Hawk on Why Microsoft should lower their bid.

Disclosure: I own MSFT. I am short March $31 calls against a 1/5 of my position. I do not own YHOO. I do own April and July $30 strike calls on YHOO. See why I sold all my Yahoo and bought calls?

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