Earnings Show Microsoft Needs Yahoo

Lackluster quarterly results reinforce the software maker's need for growth through acquisitions and suggest it ought to raise a rebuffed takeover bid
Microsoft CEO Steve Ballmer speaks at a press conference on Mar. 3, 2008, in Hanover, Germany Sean Gallup/Getty Images

During a speech in Milan Apr. 23, Microsoft CEO Steve Ballmer said he's prepared to walk away from the company's takeover offer for Yahoo!, which has rebuffed the advances. Not so fast, Microsoft. Quarterly results reported the following day reinforce why Microsoft (MSFT) could use the growth Yahoo (YHOO) would provide.

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