Cramer on BloggingStocks: Microsoft’s Yahoo! bid’s a game-changer
Posted by: in Latest NewsFiled under: Deals, Google (GOOG), Microsoft (MSFT), Yahoo! (YHOO), Apple Inc (AAPL), Market matters, New York Times’A’ (NYT), IAC/InterActiveCorp (IACI), Corning Inc (GLW), EMC Corp (EMC), Cramer on BloggingStocks, Technology
TheStreet.com’s Jim Cramer states Microsoft’s $31-per-share offer will wake up the Web sector.
Oh, physician! Just when you thought there was no reason to own tech whatsoever, when everything was slowing and awful, Microsoft (NASDAQ: MSFT) (Cramer’s Take) decides to change the game and become the biggest on the internet player there’s.
This is big. It is a giant liquidity event and a reminder that there is value, that there is a floor in a tech group that has gone from bad to worse this year, from absolutely unownable to ridiculously unownable.
Until now.
This is a massive premium bid. It will wake everyone up, from Interactive (NASDAQ: IACI) (Cramer’s Take) to New York Times (NYSE: NYT) (Cramer’s Take) stock (About.com will now become larger than people think). It will put a premium on what was a discount.
And we needed it.
After the brutal lack of gains from the EMCs (NYSE: EMC) (Cramer’s Take) and the Cornings (NYSE: GLW) (Cramer’s Take) after their great quarters, and from the shellacking of the Googles (NASDAQ: GOOG) (Cramer’s Take) and Apples (NASDAQ: AAPL) (Cramer’s Take) we needed this bad to keep tech in the game.
BooYahoo!!
RELATED LINKS:
At the time of publication, Cramer was long EMC and Corning.
Entries (RSS)