Microsoft Vs. Google-Don’t Leave Out AOL and Yahoo

In the noise associated with Teleo being acquired by MSN and Google rolling out Google Talk, which they think will be their sticky application (does that make it GooGoo) a lot of people seem to forget two other players who are squarely in the woods playing too. AOL and Yahoo.
I expect a lot from both of these companies later in the year, maybe as early as VON, but clearly more from them will happen. They can’t sit idle.
P.S. Acquisitions don’t count.