Philip Greenspun draws the obvious conclusion from MS' bid for Yahoo: MS management has absolutely no confidence in the developers they have on staff:

Google unseated Yahoo at a cost of about $20 million in financing, simply by being effective software developers and tasteful interface designers. We can infer from this offer that Microsoft expects its own programmers to be only 1/2000th as effective, dollar for dollar, as Google’s. In comparing Vista to XP and dividing by the amount of coding effort that went into Vista, it would be tough to argue with this conclusion.

I wonder how many of MS' internal staff have connected those dots?

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