ICAHN: I MEAN, IT WOULD BE A DEAL FOR CASH AND FOR STOCK OF A COMBINED COMPANY, YOU KNOW, WHETHER I WOULD OWN THE STOCK OR NOT WOULD BE SOMETHING TO BE SEEN. I'M NOT GENERALLY A FUND THAT JUST HAS POSITIONS. WE'RE AN ACTIVIST FUND, BASICALLY.

BUT I DO THINK IT WOULD BE A VERY POWERFUL COMPANY.WELL, MICROSOFT IS POWERFUL TO BEGIN WITH.

RATIGAN: SURE.

ICAHN: BUT I THINK THIS WOULD MAKE THEM A LOT MORE POWERFUL. JERRY YANG HAS SAID IT WOULD BE A POWERFUL THING.

RATIGAN: IS THERE A MINIMUM PRICE AT WHICH YOU FEEL YOU WOULD NEED TO SEE IN A TRANSACTION IN ORDER TO FEEL COMFORTABLE WITH THE SALE?

ICAHN: YOU KNOW, I'M NOT GOING TO NEGOTIATE ON TELEVISION.BUT I THINK THAT THEY PRETTY WELL TALKED ABOUT THE PRICE THAT -- YOU KNOW, WHERE IT WOULD END UP, YOU KNOW.

RATIGAN: MEANING THAT --

ICAHN: SOMEWHERE IN THE MID-30s AREA, YOU KNOW.

FINERMAN: OH, COME ON, CARL.NEGOTIATE ON TELEVISION.I'M JUST KIDDING.

ICAHN: KAREN, YOU'RE TOO TOUGH. I CAN'T NEGOTIATE WITH YOU.

RATIGAN: USING OUR SECRET WEAPON. WE THOUGHT IF ANYBODY COULD GET IT OUT OF YOU, CARL, IT WOULD BE KAREN. THANKS FOR SPENDING TIME WITH US ON THE PHONE. OKAY. CARL ICAHN ON YAHOO! WE'LL TAKE A BREAK. BACK AFTER THIS.

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