Major IT News: The VCF Project considering buying Yahoo.

DATELINE APRIL 28, 2008

April 28, 2008 (The Internet) - A source high up at Yahoo! reports that tentative talks have commenced between Yahoo! executives and members of the VCF Project. The source claimed that the Yahoo! executives were enthusiastic about the bid, which came from nowhere, and felt it was a much more appropriate valuation of the company. Rumors suggest that the VCF Project will be making an offer of $56 per share, making this substantially sweeter deal for Yahoo!.

When asked about the validity of the rumors, VCF Project's PR spokesperson, Ms Jameson, would only offer a "No comment", and a mysterious smile, at the brief press conference held in New York this morning. Yahoo's stock began an equally mysterious rise shortly after the 10:00 AM (EST) conference closed. If accepted the offer represents a 100% premium over Yahoo's current stock price.

Initial reaction to the news was of complete shock by the financial community, Goldman Sachs analyst Stephen Schweinstein said "this certainly is a bit of a surprise, but it's the kind of bold, aggressive move that we at Goldman Sachs like to see. At first glance it certainly seems a better fit than a merger with Microsoft."

Piper Jaffray analyst Gene Munster also was caught off guard, but also felt the two companies would be able to work together more efficiently and quickly be able to bring their core competencies to bear. "These are both innovative companies, and Microsoft has completely dropped the ball. If there was a better time to buy Yahoo stock, then I don't know when it will be."

Microsoft's CEO Steve Ballmer called on the U.S. DOJ to look into possible anti-trust violations, and claimed that ultimately his companies offer was far better for the Yahoo! shareholders, "I hope the Yahoo! guys know what they're doing. In the end it's kind of like they're the high school cheerleader - she can sleep with the big popular jock, or the nerdy underdog, and I think we all know how that pans out."