Tech Companies are Dumb

(Except for Cisco of course! :)

Yahoo kindly saved Microsoft from shooting itself in the foot today by rejecting its buyout offer, underlining how dumb both companies are in the process.  Now there appears to be a third stooge, AOL, on stage.  If all three companies merged it would create so much inverse synergy a black hole would form.  Yahoo’s stock promptly ramped on speculation that Microsoft will offer more for this turkey.  We will see, corporate debt is getting a lot more expensive these days…

RIMM proceeded to drop service for every single one of its subscribers.  Last time this happened all the messages sent during the outage were sucked into oblivion (I was one of the subscribers back then).

It’s not a tech company, but GM announces earnings tomorrow, which promise to be underwhelming.

Might use the opportunity to pick up some in the money Q puts tomorrow morning in anticipation of a really bad day led by RIMM.

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