Gates: Microsoft Plans Standalone Strategy - TheStreet

Gates: Microsoft Plans Standalone Strategy

Shares of Microsoft have turned down for the day, and Yahoo! is down to $25.50.
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Updated from 12:45

Microsoft

(MSFT) - Get Report

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

Yahoo!

(YHOO)

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Steve Ballmer, the CEO of Microsoft, made similar remarks recently concerning the withdrawn offer, which was worth more than $40 billion.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

Google

(GOOG) - Get Report

.

"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

Bloomberg

report.

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,

Apple

(AAPL) - Get Report

was down 2.3%,

Intel

(INTC) - Get Report

was easing 0.55% and

IBM

(IBM) - Get Report

was rising 1.41%.

This article was written by a staff member of TheStreet.com.