Back To MSFT Buying YHOO?

The WSJ MarketBeat page has a tidbit about Microsoft buying Yahoo. To be clear this is about the idea not actual news about a merger. The idea of Microsoft, Intel and Cisco going on buying sprees is concerning.

In general terms, finding tech companies to own has not been that easy. I have been underweight tech for several years, severely underweight now. I have no plans to buy any of the old-tech mega caps anytime soon. If some of the (for lack of a better description) good second tier names get bought out it leaves even slimmer pickings.

Someone is going to make a great name for himself timing the tech turnaround perfectly and publicly but it won't be me. The industry has a lot of serious issues and timing the turn around will be very difficult because the stocks will turn long before the fundamentals do.

To disclose, I own Yahoo for some clients.