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I want to applaud Yahoo! for the way it has handled this merger announcement. All disclosure is being made with equal access to all investors. Not too suprising considering that the merger involves the company (broadcast.com) that makes such public disclosure easy and economical. Nevertheless, I'm happy to see Yahoo! setting the standard for the way all conference calls and analyst meetings should be handled. Congrats Yahoo!

I'm listening to the merger announcement right now, and it's so funny to hear these analysts so worried about the exact moment when this deal becomes accretive. C'mon guys. The value in this deal isn't in near-term earnings implications, but in the long-term strategic value. If this deal enhances Yahoo!'s ability to be the dominant Internet media company for years to come, then the deal is a good one.

Also, one interesting point from this call is that Yahoo! has repeatedly mentioned long-term operating margin goals in the range of 30 - 36%. That'll do.

Here's a link to the merger press release:

http://webevents.broadcast.com/yahoo/pressconference0499/yhoobcst.htm

There will be an analyst conference call today at noon (eastern) available on broadcast.com (Yahoo for that!). Here's the link:

http://webevents.broadcast.com/yahoo/mediabriefing0499/
Fool on!
-Matt
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