Posts Tagged Yahoo

Monday news roundup 7/28

Icahn gets 3 seats on Yahoo’s board. We’ll see if what happens at the shareholder meeting on Friday.  Check your tech RSS feeds during the day on Friday to see if there is any news.

We talked about a couple of gender-related items.  A study in Science (the journal) found that the difference in math scores between girls and boys had disappeared. Interesting. Let’s see if that translates to more women in mathematical, tech, and computer science careers. And a NY Times piece on the Blogher conference dealt with the glass ceiling that exist for women bloggers to rise to the top blogger lists. Good discussion about these issues in class. Students had good insight into the cultural and social factors that can create gender disparity.

Another NY Times piece dealt with literacy. How are our Internet activities affecting literacy?  For better or worse. The article was balanced, showing the naysayers who think that Internet and mobile communications are ruining language, and those who are excited about the new ways that young people are using technology to communicate.

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Is this a Social Revolution?

Great post on Social Media Today by Brian Solis entitled The Social Revolution is our Industrial Revolution.  We need to start thinking about things differently and our direction with the social usage of the Web is a major shift.

This NY Times piece discussed some of the legal implications of blogging, subpeona’s being delivered to blogging platforms to release information on anonymous posters.Very significant in terms of our understanding free speech online.

And, also by NY Times, a pretty fascinating read from the Allen & Company conference.  Billionaires comment (sometimes anonymously) on the Yahoo/Microsoft saga.

And a piece from Web Strategy: Dell let’s the community create green advertisements; and

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Lively, iPhone and Congress on Twitter

The Silicon Valley Insider details the differences between Google’s Lively and Second Life.  Mainly, no sex in Lively.  It’s the PG virtual world.

This Yahoo/Microsoft/Icahn just won’t go away, and it gets uglier by the minute.

NY Times had two views of Apple on the same page. One was very complimentary about the efficiency of the apps for the small screen of the iPhone. The other talked about the companies problem with back-dating options. There are lawsuits.  Still unsure as to how it will be settled and the exact damages. This occurred between 1997-2001, prior to Apple’s current reigning status.

And, finally, there’s an argument in Congress about Representatives ability to use tools like YouTube and Twitter. Supposedly, a Democratic contingent wants to limit usage of commercial sites that generate ads.  A proposal for guidelines was made by Michael Capuano that “intended to prevent members from using public money to communicate on outside Web sites featuring commercial and political advertisements.”  John Culberson of Texas thinks it would limit free speech, and is worried that it will apply to things beyond YouTube, like blogs and other Web sites.  Culberson uses Twitter.  When Congress starts using these things, you know it’s hit the mainstream.

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Icahn Letter and Yahoo rebuttal

See Carl Icahn’s 5-point plan for assuming leadership at Yahoo, should he be successful in ousting their board. I agree with Yahoo’s rebuttal. I don’t see anything long-term in Icahn’s proposal. Very vague on the “talented and experienced CEO” thing.

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Yahoo Round 2

Looks like Carl Icahn was not happy with the way things turned out for Yahoo in regard to the failed Microsoft acquisition. Apparently, he sent a letter yesterday to Yahoo’s Chairman, identifying “irresponsible and unconscionable actions” that led Microsoft to withdraw their offer. Apparently, he is going to snap up some additional shares of Yahoo and wage a proxy battle for an alternate board of directors. Geesh, doesn’t he have enough money? I didn’t really consider this option before. Perhaps Ballmer at Microsoft, rather than making himself look like the evil one mounting a hostile takeover, has convinced someone else to do it.

And, in other merger/acquisition news, CBS will buy CNET for $1.8 billion. CNET’s an online news and information provider, been around for a long time, the article calls them “an early pioneer in the Internet.” Let’s see how long it takes the old, behemoth media company to ruin them.

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WSJ Blog interprets Ballmer letter

I knew it was just a matter of time before someone tried to read between the lines. This WSJ Blog post does a great job.

I was definitely getting the “thanks for nothing” vibe, imagining Ballmer gritting his teeth as he wrote it.

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Microsoft Withdraws Bid for Yahoo

Talks broke down between Microsoft and Yahoo today. Microsoft, after increasing their bid to $33 per share or $47.5 billion and still being rejected, decided to withdraw the offer. Read the TechCrunch coverage, press release, and letter from Steve Ballmer to Jerry Yang. It appears that Yahoo wanted something more like $37/share.

And, it looks like things won’t go hostile either. In his letter, Ballmer points to the measures that Yahoo apparently threatened in making themselves undesirable in the interim of a proxy fight, mainly a proposed partnership with Google.

So, as I predicted on May 1, the best strategy for Microsoft in this case at this time was to walk away. Give it a quarter or two, things will be more bleak for Yahoo, and then swoop in with a lower offer. Microsoft will end up looking like the sly dealmakers and Yahoo will look naive. I have a feeling we haven’t heard the end of this, but it may take some time, time that I do not think either of them has.

Updated on 5/4:  Here’s Yahoo’s Press Release:

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