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Brier Dudley offers a critical look at technology and business issues affecting the Northwest.

July 24, 2008 at 3:26 PM

Microsoft CFO to Wall Street: What gives? And forget about a Yahoo deal

If Microsoft CEO Steve Ballmer and CFO Chris Liddell weren’t already bald, they would be from scratching their heads, trying to figure out why their stock is doing so poorly. Especially given the company’s recent performance, including 12 percent average growth in Microsoft’s core businesses since 2005.

Not to mention Microsoft’s 18 percent growth over the last fiscal year.

“Those are fabulous numbers. Those are fabulous numbers for any company of any size,” Liddell said to analysts.

And you may as well forget about Yahoo, he said, basically. Chances of a deal are now “neglible.”

“A full acquisition, certainly in the time frame and sort of economics that we’d previous thought, essentially makes no sense.”

Never say never, but a search deal seems unlikely as well.

Pay attention instead to numbers like these, Liddell seemed to be saying, in a speech highlighting slides like this one:

liddelll2.JPG

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