Yammer agrees to Microsoft's $1 billion acquisition offer
"Sledgehammer spending" really bugs me.  It says "we didn't exercise any brain cells to figure out what our purchase is actually worth, we're just throwing money at the wall because we think we can".Investors should scream at stuff like this.  How many things could millions of extra dollars buy?  For one thing, maybe they could have acquired 4 or 5 additional companies, patents or other IP.  If there was any chance that they could have done this for $500 million or $400 million or $50 million, that matters and should have been investigated thoroughly.  Those saved millions of dollars can also be used to employ a bunch of people on projects for years (heck, sometimes entire applications are written by one or two people inside a company, and they might build something really cool that can be sold).Microsoft has lots of money, sure.  But this kind of spending isn't thinking long-term.  Are they guaranteed to have this kind of money in a few years, even?  There may be a time when they're completely incapable of making a key future acquisition because they overspent on crap like this.