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Though Yahoo rejected its “undervalued” bid, Microsoft’s part-time chairman Bill Gates said the show must go on and the software giant will continue to invest heavily on Web search to snatch sizeable share away from Google.

Gates boasts Microsoft has enough resources to invest in engineering and marketing. However, he also admitted that Yahoo’s superior engineering technology and manpower will help fast track development. But the whole Microhoo deal may not be over yet. Many analysts expect Microsoft to sweeten the deal and open negotiations with a bid of $35 per share. Although Gates reiterated that the offer was “full and fair”, he did not elaborate further on the next steps of this acquisition talks. Going solo may not be the best move for Microsoft, considering the dominant leadership and know-how of Google. Without Yahoo, it will be very difficult or even hopeless to advance.

Good luck with that, Microsoft. If your plans don’t work out, you can always change the Wikipedia entry and say it did.

Read [Reuters]