Now I hear from multiple sources. Many people believe AAPL needs YHOO to compete with GOOG and MSFT. AAPL might not really need YHOO but definitely does not want YHOO to be bought by MSFT or GOOG. It is like chess game. You want to block your opponents path. I believe GOOG cannot buy YHOO because of anti-trust issues. Disclaimer: I am all in YHOO and have strong belief that something good will happen very soon.