There's good news on the technology scene today.

Yahoo!, at one time the Google of the technology world during the 90's, has rejected Microsoft's bid to buy it. The deal, valued at $42 billion, was deemed bad by Yahoo's board, considering its "global brand, large worldwide audience, significant recent investments in advertising platforms and future growth prospects, free cash flow and earnings potential, as well as our substantial unconsolidated investments."

It's good news because technology and media need less consolidation, not more, in order for users to reap the benefits of competition, which leads to innovation.

Microsoft, a company that talks about innovation but does a bad job turning talk into action, has tried repeatedly to corner markets by introducing proprietary technologies, which in effect closes off innovation. I continue to hope that Yahoo! will not give in to Microsoft's takeover overtures.