I find it illogical to make a case that it's better to be diversified when search is growing so much faster online.
We do get a sense that search advertising has picked up since mid-August and that this recovery will continue in the fall and the fourth quarter.
The story that's coming out of their quarter include weakness in search and the indication that upgrades to the Yahoo search technology that should help improve momentum are not likely to become visible until 2007.
Microsoft is much further along than people anticipated and it's clear that it will rely on its own search technology rather than acquiring.