Microsoft - Yahoo: Combined Financials

In response to todays' news of the potential Microsoft-Yahoo merger/buyout/takeover [I'm not sure which] Henry Blodget at the Silicon Alley Insider has created a spreadsheet detailing the combined financials for what some are calling Micro-Hoo. You can actually view their calculations here in Google Docs - ironic isn't it.

From the article: Microsoft - Yahoo: Combined Financials:

Microsoft expects the combination to yield $1 billion in cost synergies. We have run two scenarios, one with any cost synergies, the other with the expected $1 billion:

MICRO-HOO: No Cost Synergy

Revenue:
2007: $9.8 billion, up 12%
2008E: $11.4 billion, up 16%
2009E: $13.1 billion, up 15%

Operating Profit:
2007: - $250 million, -2.5% margin
2008E: $200 million, 2% margin
2009E: $1.6 billion, 12% margin

MICRO-HOO: $1 Billion Cost Synergy

Revenue:
2007: $9.8 billion, up 12%
2008E: $11.4 billion, up 16%
2009E: $13.1 billion, up 15%

Operating Profit:
2007: - $250 million, -2.5% margin
2008E: $200 million, 2% margin
2009E: $1.1 billion, 9% margin