Microsoft (MSFT) CEO Steve Ballmer says that his plan to buy Yahoo! (YHOO) was never strategic. It is hard to imagine spending $45 billion on an acquisition as being tactical, but Redmond has a lot of money.
The news is probably not good for Carl Icahn who wants control of Yahoo! so he can shop it back to Ballmer.
According to Reuters, Ballmer made the point that "We will spend money on some acquisitions. You can do a whole lot of things with 50 billion dollars."
None of those deals will be strategic either.
Douglas A. McIntyre