I'm still reading through BusinessWeek's interview with Steve Ballmer, and still fascinated. Love him or hate him, Ballmer is a smart guy.
Ballmer refused to call the YouTube valuation ($1.65B) overvalued. He rightly said that it depends on a lot of factors (factors, incidentally, that I don't personally think add up, but I'm willing to be wrong):
You're clear as a bell on the YouTube valuation…
No. I'm not saying it is overvalued. I'm not trying to say that.
It depends on a set of factors. I'm not saying I wouldn't write a
check for that amount of money. I might.
Really, even though there's no identifiable business
model?
It is one of those things where you have to think. You can't punt
either way. If you're asking me if I would …