Some folks appear to be under the impression that Microsoft’s freeing of its potential Yahoo (YHOO) director nominees from their Microsoft obligation is a sign that Microsoft (MSFT) really has walked away from Yahoo. Please.
There’s no meaningful news here. Micrososoft is not going to “go hostile”–and neither is anyone else. If a Yahoo deal happens, it will happen because Yahoo approaches Microsoft and agrees to sell for $33-$34. Microsoft made clear in its see-ya letter that it wasn’t going to go hostile. The freeing of the board slate is just a formality.