New York - Despite speculation to the contrary, Microsoft (NASD: MSFT) told the Financial Times on Friday that it won't attempt to make up for its failed bid for Yahoo (NASD: YHOO) by pursuing other acquisition targets such as AOL and Facebook. "People don't understand what they're talking about," Steve Ballmer, the CEO of Microsoft, told the paper. "At the end of the day, this is about the ad platform. This is not about just any one of the applications."

Rumors have swirled in recent months about the potential sale of AOL by parent Time Warner (NYSE: TWX).

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http://snipurl.com/2lvvg (Financial Times)