Filed under: Deals, Google (GOOG), Microsoft (MSFT), Yahoo! (YHOO), Apple Inc (AAPL), Market matters, New York Times’A’ (NYT), IAC/InterActiveCorp (IACI), Corning Inc (GLW), EMC Corp (EMC), Cramer on BloggingStocks, Technology

TheStreet.com’s Jim Cramer says Microsoft’s $31-per-share offer will wake up the Web sector.

Oh, doctor! Just when you thought there was no reason to own tech whatsoever, when everything was slowing and awful, Microsoft (NASDAQ: MSFT) (Cramer’s Take) decides to change the game and become the biggest online player there is.

This is huge. It is a giant liquidity event and a reminder that there is value, that there is a floor in a tech group that has gone from bad to worse this year, from totally unownable to ridiculously unownable.

Until now.

This is a huge premium bid. It will wake everyone up, from Interactive (NASDAQ: IACI) (Cramer’s Take) to New York Times (NYSE: NYT) (Cramer’s Take) stock (About.com will now become bigger than people think). It will put a premium on what was a discount.

And we needed it.

After the brutal lack of gains from the EMCs (NYSE: EMC) (Cramer’s Take) and the Cornings (NYSE: GLW) (Cramer’s Take) after their great quarters, and from the shellacking of the Googles (NASDAQ: GOOG) (Cramer’s Take) and Apples (NASDAQ: AAPL) (Cramer’s Take) we needed this bad to keep tech in the game.

BooYahoo!!

RELATED LINKS:

• Saving for Your Kid’s College: Start Here, and Start Now
• Ten Things to Do With Your Tax Rebate

At the time of publication, Cramer was long EMC and Corning.

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