Rumor became reality on Monday, as Yahoo said that Microsoft’s proposal, even at $44.6 billion, significantly under cuts what the company is really worth — and so on those grounds Yahoo rejected Microsoft’s bid. What’s more, Yahoo’s board said it would consider other options, including potentially buying AOL, according to some reports. Our own Robert X. Cringely, meanwhile, weighs in and asks, Microsoft + Yahoo: What’s love got to do with it? Evoking an old George Bernard Shaw scene, Cringe explains that Yahoo is declining Microsoft, “not because Yahoo is determined to remain chaste and in charge of its own future, but because the bid was too low. In other words, we’ve established what Yahoo is; now we’re just haggling over the price.” Wait, here comes Hunter S. Thompson talking about old whores and the giggling they no longer do. Technology Industry