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Yahoo (Nasdaq: YHOO) and Microsoft (Nasdaq: MSFT) scrapped their deal, but Google (Nasdaq: GOOG) might bank on this failure for years.
Chart Courtesy of StockCharts.com
When deals fo sour, the repercussions are predictably unpredictable. And this failed deal is no different.
For one thing, Yahoo and Microsoft might have given Google some decent competition. Now, they won't, which means that Google will be unimpeded in its quest to own the biggest chunk of the heart of the Net, search and related advertising and other products.
And more interesting are the reports that Microsoft CEO Steve Ballmer may lose his job over the failed coup, not to mention what might happen to Yahoo's Yang in a few weeks when the dust from all this settles.
For the stocks of each company, it looks as if Google may be the winner. If GOOG can close well above 600, it might be off to the races.
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