Everything is so very, very digital

May 28, 2008

allthingsd.jpg The bigwigs of the digital world have descended on Carlsbad, California.

The D: All Things Digital conference always attracts the elite of the tech world and this year is no exception, with a lineup that includes Bill Gates, Steve Ballmer, Jerry Yang, Tom Glocer, Barry Diller, Jeffrey Bewkes, and Mark Zuckerberg, among others.

Fox: King of the world!

May 23, 2008

strike.jpgTV strike? What TV strike?

Seems that Fox survived the 14-week writers strike, and arguably thrived if you stack its prime-time ratings up against major broadcast networks. It has  finished the season as the undisputed ratings leader for the first time, thanks to a combination of the Super Bowl and that little talent show known as “American Idol.”

Anyone want some cash back?

May 22, 2008

dollars.jpgTake that Google!

Microsoft, in a bid to win share of the search market from Google and Yahoo, now plans to offer a new “cashback” service that provides a rebate when users buy something they found searching with Windows Live.

Microsoft searching for answers

May 20, 2008

microsoft.jpgThe secret is out: What Microsoft wants is Yahoo’s search business. Reuters has reported that the deal now under discussion would have…

Nokiahoo or Yahookia? Nah…

May 19, 2008

desert.jpg

With all the interest in Yahoo Inc these days, we took the opportunity to ask Nokia CFO Rick Simonson at the Reuters Global Technology, Media and Telecoms Summit if the world’s largest mobile phone maker would be interested in buying Yahoo. He laughed and joked that of all the questions we could have asked him, this was one he didn’t see coming. Then he goes on to say:

Yahoo, Microsoft may want to check with Icahn

May 19, 2008

yahoo.jpgSo Microsoft is now proposing a new deal: This one could be some sort of partnership or joint venture for search-related advertising to take on Google Inc, the New York Times reports.

Look out, Yahoo!

May 16, 2008

spider.jpgRemember those scary movie close-ups of a fly caught in a spider’s web, or some tourist who steps into quicksand, or another variation of the same? How with each twist and turn to get free, the captive enmeshes themselves deeper into the trap? 

Icahn to Yahoo: We’ve lost faith

May 15, 2008

carl-icahn.jpgBillionaire investor Carl Icahn fired a salvo at Yahoo on Thursday morning, threatening a proxy fight unless Yahoo gets Microsoft back to the negotiating table.******In a letter to Yahoo Chairman Roy Bostock he said Yahoo’s board had acted “irrationally” in turning away an offer that amounted to a 72 percent premium and warned Yahoo not to announce any “strategic alternatives” (such as a deal with AOL or Google) without a shareholder vote.***

I am perplexed by the board’s actions. It is irresponsible to hide behind management’s more than overly optimistic financial forecasts. It is unconscionable that you have not allowed your shareholders to choose to accept an offer that represented a 72% premium over Yahoo’s closing price of $19.18 on the day before the initial Microsoft offer. I and many of your shareholders strongly believe that a combination between Yahoo and Microsoft would form a dynamic company and more importantly would be a force strong enough to compete with Google on the Internet.

Icahn comes calling

May 14, 2008

icahn.jpgSomebody’s knocking on Yahoo’s door this week and it isn’t Steve Ballmer, yet. We wondered whether someone was building a position that helped keep Yahoo shares aloft since Microsoft pulled back from deal talks about a week and a half ago. 
    
It turns out that activist shareholder par excellence Carl Icahn has accumulated about 50 million shares in that time and will likely decide today whether to launch a proxy contest, before Yahoo’s deadline for board nominations expires on Thursday.
    
What may sway his decision is a sign from Microsoft that it is willing to come back to the table after Yahoo rebuffed a sweetened $47.5 billion offer. 
    
According to the Wall Street Journal, some other shareholder activists may be spoiling for a fight, including Firebrand Partners’ Scott Galloway, whose powers of persuasion won him a board seat at the New York Times earlier this year.
    
While all of this may not be good news for Yahoo CEO Jerry Yang, the action could well buoy shares in the meantime, at least until he reaches his own conclusions on how to proceed.
    
(Reuters) (WSJ)     

Microsoft-Yahoo: Google ‘hearts’ Yahoo’s search ads

May 9, 2008

schmidt.jpgAs the Microsoft-Yahoo will-they-won’t-they? saga drags on, Google’s role in any future talks becomes more apparent.