We've all been talking about how the deal economy was tanking. That's true from the financial sponsor point of view. But we've said all along that strategic deals may put a floor on merger activity. Indeed, we've recently seen Microsoft make a bid for Yahoo (a veritable gravy train for the bankers) and Oracle's move for BEA. Business Week Online notes that the big boys of the technology industry--which have amassed huge cash war chests--sense opportunity now that stock prices have fallen. With the private equity guys on the sidelines, this is a good time to pounce.     

For more:
- here's the Business Week Online article

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