Everybody is bashing Microsoft about their lack of strategy vs. Google & Yahoo. The FT is reporting that “Wall Street on Friday wiped more than $30bn from Microsoft’s stock market value after the software company revealed a dramatic shift in strategy to boost its investment in the internet and other new markets.” Ouch, that’s half Bill’s current fortune or some like that (funny, I just watched Kill Bill on DVD yesterday).

Meanwhile, Paul Kedrosky reports what he calls the Google line in Microsoft accounts, a $2 billion expense anticipated for next year to fight back its main competitor.