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Gates: Microsoft Plans Standalone Strategy

Shares of Microsoft have turned down for the day, and Yahoo! is down to $25.50.

Updated from 12:45


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is planning to pursue a standalone strategy now that its bid to acquire



has fallen apart, Chairman Bill Gates said at a press conference in Tokyo.

Steve Ballmer, the CEO of Microsoft, made similar remarks recently concerning the withdrawn offer, which was worth more than $40 billion. Some analysts believe Microsoft could return with a new acquisition attempt, but the remarks of Gates and Ballmer indicate that such a move isn't imminent.

Microsoft originally said it would pay $31 a share for Yahoo!, then sweetened the offer by $2. However, Yahoo! still wanted more, and Microsoft decided to end the takeover effort, which it had proposed in order to better compete with the Internet dominance of


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"We put a lot of effort in talking with Yahoo! and the conclusion was reached that we should pursue our independent paths," Gates said at the press conference, according to a

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Shares of Microsoft have turned negative on the day, at a recent $29.67, and Yahoo! was recently trading at $25.50. Google was adding 23 cents.

Elsewhere among widely held technology stocks,


(AAPL) - Get Apple Inc. Report

was down 2.3%,


(INTC) - Get Intel Corporation Report

was easing 0.55% and


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was rising 1.41%.

This article was written by a staff member of