From CIBC:

“Yesterday after the close, Microsoft announced the acquisition of privately held Teleo, a provider of voice over Internet protocol (VoIP) technology.  Teleo’s technology was designed to enable users to make PC-to-PC, cell phone, and land line calls.  Through the acquisition, Microsoft plans to combine Teleo’s technology and expertise with its existing VoIP investments to further develop the product and service offerings of MSN.  Terms of the deal were not disclosed.  Internet content providers such as Yahoo!, Google and AOL (Time Warner) have moved aggressively to bolster their VoIP technologies as part of their service offerings.  While Microsoft already has an existing VoIP service with its MSN Messenger service, we believe this acquisition as another sign of Microsoft playing catch up with the ‘Net leaders. (BR)”