Earlier quoted context omitted.
Exactly. I had LinkedIn on my list of undervalued tech stocks, and I think this bears that out. LinkedIn has absolutely no competition. LinkedIn is the world's biggest, virtually-complete graph of most enterprise organizational charts / structures. That alone will be valuable for Microsoft's enterprise business.
MS could, erm, look up those org charts on linkedin.com for $0 (indeed very useful at times.) What value is added by buying LinkedIn for $26G? How owning LinkedIn is going to add $1-1.5B/year (assuming eventually you want a P/E between, I dunno, 15 and 25), to MS's revenue? (I'm sure someone at MS has an answer to this, it's just that they haven't been tremendously successful in the past with their big acquisitions;…
1. Integrate Skype into LinkedIn 2. Add a shared chat screen (video group chat)
This will allow many Human Resources to perform interviews more efficiently (in return to subscription). I can imagine many other new attractive features MS could easily add (e.g. syntax highlighting in group chat).