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On the morning of February 1st 2008, Microsoft announced an unsolicited bid of $44.6B hostile for Yahoo!, and by the end of the day, Microsoft had lost $20B in market capitalization. Where does this leave Microsoft's open source strategy and the analysis thereof? Yahoo! was a pioneering "internet company", one of the first to really create and capture value of a world newly web-enabled. And like many of these so-called internet companies (Google was another), Yahoo! built it infrastructure on open source technologies. Why? Better, faster, cheaper: Dave Filo and Jerry Yang were still poor college students back in the day, but smart. (As were Sergey Brin and Larry Page, but that's another story.)

Yahoo Widgets Version 4.5, which delivers an updated widget platform for developers and a new Widget Gallery for consumers, said Scott Derringer, director of product management at Yahoo. Widgets are mini-applications that live on a desktop and deliver personalized, up-to-date information to help users.

Microsoft has offered to buy the search engine company Yahoo for $44.6 billion (£22.4 bn) in cash and shares. The offer is 62 percent above Yahoo's closing share price on Thursday

A group of large technology companies is proposing a competing set of formats, and has formed an alliance to confuse the market, and at least double the work of any developer who might want to support their products (with almost no installed base) alongside Microsoft's (with a monopolistic dominant installed base). It's not surprising that the group is lead by the detritus of the last generation of tech companies. The thriving companies, Google, Yahoo and others have the good sense to sit this time and money-waster out.