Virtualization Viewpoint:
Cloud Computing Casts
Shadow on Walled Gardens
Neil Mansilla wrote: I've
been working and
deploying applications on
the W...
May. 16, 2008 03:33 PM
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Yahoo That Demanded $37 From Microsoft, Sinks to $22.30
Ballmer: "While Yahoo! would have accelerated our strategy, I'm confident that we can continue to move forward toward our goals"
By: Search News Desk
May. 6, 2008 02:00 PM
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"The breakdown in the talks is likely to send Yahoo's shares plunging, and Mr. Yang and his team will have to decide how to placate investors," reported New York Time Sunday morning. Monday morning before the markets open Bloomberg reported "Yahoo, the Web company that spent three months fighting a takeover by Microsoft, tumbled $6.37 to $22.30. The software maker said this weekend it walked away when Yahoo demanded $37 a share. Microsoft had increased its $44.6 billion bid by about $5 billion to $33 a share. Microsoft shares added $1.27 to $30.51. " "I am disappointed that Yahoo! has not moved towards accepting our offer," wrote Microsoft CEO Steve Ballmer yesterday in what must be one of the great understatements of all time. "But clearly a deal is not to be." The words came in a letter sent to Yahoo!'s CEO and Chief Yahoo!, Jerry Yang. "We continue to believe that our proposed acquisition made sense for Microsoft, Yahoo! and the market as a whole," Ballmer noted, even as he announced that Microsoft has now officially withdrawn its proposal to acquire Yahoo! Inc. "Despite our best efforts, including raising our bid by roughly US$5 billion, Yahoo! has not moved toward accepting our offer. After careful consideration, we believe the economics demanded by Yahoo! do not make sense for us, and it is in the best interests of Microsoft stockholders, employees and other stakeholders to withdraw our proposal," wrote Ballmer. "We have a talented team in place and a compelling plan to grow our business through innovative new services and strategic transactions with other business partners. While Yahoo! would have accelerated our strategy, I am confident that we can continue to move forward toward our goals," Ballmer added. "We are investing heavily in new tools and Web experiences, we have dramatically improved our search performance and advertiser satisfaction, and we will continue to build our scale through organic growth and partnerships," said Kevin Johnson, Microsoft president for platforms and services, in an accompanying statement released by Microsoft.
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I took the advice of a
friend of mine and
steered clear of the
'normal' movie theaters
and went a little out of
the way to go to a DLP
movie theater. The
experience of comparing a
regular movie theater to
a DLP movie theater is
like comparing standard
def analog TV with a
1080i HDTV si
Verizon Wireless is
snubbing Google's
Linux-based Android
initiative to go with the
LiMo Foundation's mobile
Linux spec for its next
wave of mobile phones
expected next year. Along
with Verizon, Mozilla
signed up - giving the
consortium its first
major open source ISV -
and a key one f
From Application
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NYC June 23-24, 2008 by
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SYS-CON Events in The
Roosevelt Hotel, in
midtown 
Sun's mule train has
finally pulled into
Indiana after three years
on the road. Indiana is
the Linux-friendly
Fedora-like OpenSolaris
project meant to move the
Solaris-shy Linux
community off Linux and
on to Solaris tempted by
Solaris widgetry like the
highly scalable,
rollback-easy, 1
