News Posts matching "Business"

Return to Keyword Browsing

Yahoo Shareholders Infuriated Over Yahoo Rejecting Microsoft Offer; Stock to Plummet

It's becoming very apparent now that Yahoo has issued a press release refusing Microsoft's rather high bid for the company that there's more to the idea of a Yahoo acquisition than just a shift in management. The shareholders for Yahoo are simply livid over the fact that Yahoo is planning on going forward without Microsoft. Shareholders are already pretty angry over the fact that Yahoo has lost 40% stock value since last year. Microsoft, at this point, can do two things. They can up the bid, and risk making their own shareholders unsure. Or, they can leave Yahoo to suffer, and "spear-head an attack to oust Yahoo's board". Yahoo, however, is not without it's own options. Yahoo is expected to release a statement regarding exactly why they rejected Microsoft's offer. While some would claim the refusal was due to a personal spat between a few board members, Yahoo's investment banker confirms that Microsoft really didn't offer enough money. If Yahoo had accepted a $31-per-share buyout, Yahoo could very well have infuriated shareholders even more, and been accused of malfeasance.Source: The Inquirer

Indian IT Departments Riddled With Crippling Arthritis and Other Diseases

It's fairly obvious that most IT work is outsourced to places like India, where minimum wage and benefits are either not required or are much lower than they would be in America. However, there are huge problems with outsourcing to India, that was either overlooked or not considered at the time of outsourcing. Be it the fault of an utter lack of medical benefits, or a sheer volume of required tasks, IT departments in India are beginning to contract diseases relating to typing too much and/or too fast. Over 75% of the workers in Indian city Bangalore have been diagnosed with "musculoskeletal symptoms related to work". The most crippling, RSI, is known for putting victims through searing pain when doing even the most mundane tasks. Fortunately, only 20% of the workers with diseases suffer chronically, and with a little time off, the remaining 55% can probably function like normal. Whether or not big Western companies are willing to be humane and give said workers the mentioned time off is a different story.Source: The Inquirer

Yahoo to Initiate Talks with AOL Regarding Merging

While Yahoo "formal rejected" a complete buy-out by Microsoft, it would seem that they're still up for going at the great world of the internet with a partner. Since they can still be "swallowed" my Microsoft, Yahoo is looking into ways to increase their monetary value. While talks with Google and Disney are certainly under consideration, Yahoo executives currently think that merging with AOL would really bring the most benefit. And so, Yahoo executives are working on re-opening negotiations with AOL regarding a merger. Yahoo couldn't have picked a better time, considering that Time Warner recently began considering letting go of AOL.Source: The Times

Intel Advertising Campaign Boosts AMD Sales; AMD Begs Intel to Advertise More

In a hilarious and somewhat cruel twist of fate, market research has proven that AMD sells more when Intel really lays down the advertising. Stephen DiFranco, vice president of worldwide sales and marketing at AMD, had this to say in regards to Intel's advertising.
I wish they would advertise more. I beg them publicly, please advertise more. Create more demand. Some weeks in the United States there are more AMD desktops and notebooks sold than Intel.
Granted, DiFranco later admitted that most consumers hardly know the difference between AMD and Intel. However, going from a 5% retail market share to a 50% retail market share without spending any money on advertising is pretty hard to explain any other way.Source: The Inquirer

Dell 'Committed' to AMD Despite Prevalence of Intel Parts

Yesterday, we brought you the tragic news that Dell recently stopped selling computers based on AMD processors on their website. Today, Dell made a statement to attempt to clarify the situation. Dell explained that there is a delicate balancing act that must be done between retail, phone, and internet sales channels. Dell also assured that there will be ample supply of AMD-based computers coming through retail channels, and that Dell hasn't quite stopped selling AMD computers on their website just yet (Inspiron 531 is still available). Dell also clarified that Dell is still selling plenty of AMD-based computers online, just so long as the customers are business. To sum it up, Dell said this:
We are committed to the AMD product lines as a long-term partner to provide the maximum choice for our customers.
Source: Reg Hardware

Dell to Stop Selling AMD Based Computers Online

For years, users wanted Dell to include AMD processors in Dell builds. In May 2006, Dell was happy to announce that they were bringing AMD on board. Everything seemed to be working out, until now. Dell recently announced that they're discontinuing almost all AMD-based Dell computers. The few ones that are left cannot be purchased online, and are only found in stores like Best Buy and Circuit City. This is likely to be a huge blow for AMD, and could not have come at a worse time. AMD recently posted abysmal revenue/loss figures for Q4 2007, and is running a company (ATI) that is worth 30% less than it was at the time of initial purchase. Hopefully, AMD will find more people to sell their processors.Source: DailyTech

Yahoo! Shuts Down Yahoo! Unlimited Music Service

For a while, you could only get your legal music from three main music distributors: Napster, Real Rhapsody, URGE, and Yahoo. However, there have been a lot of changes. With restriction-free music gaining momentum, with distributors like Wal-Mart providing cheaper music, and distributors like Amazon simply offering more music, business is awful hard to come by for any of those distributors. Yahoo, which at one point offered more than two million songs, has been forced to shut down the Unlimited music service. Yahoo has officially sold the Unlimited music service to Real Rhapsody, and current subscribers of Yahoo will be given a migration notice very soon, if they haven't been already. Yahoo will still be in the music business, though, and is considering offering a very limited catalog of subsidized free music, much like competitor Spiral Frog.Source: DailyTech

Time Warner Considering Selling AOL for Cash

America Online, love it or hate it, has an incredible influence on the internet. While it was once a giant that everyone had to go through to get on the internet, it would seem as though times have changed. Time Warner, known for cable television/internet and for owning America Online, recently ran into some trouble. They also are noticing that AOL is not doing too well themselves. And so, what was once the internet industry leader is now going to be sold off to the highest bidder. At this point, AOL should be split into two departments. One department will run whatever AOL does involving sheer internet access. The other department, called the AOL Web Portal, includes a search engine and a lot of media.Source: DailyTech

Microsoft May Need Additional Funds to Purchase Yahoo; Yahoo Still Negotiating

Here's your update to the whole Microsoft-Yahoo situation: Microsoft may actually not have enough money on them to buy Yahoo outright. Or, even if they do, they somehow see a need to borrow a fair size of money to do this. The reason Microsoft sees the need to borrow money is the current state of negotiations. Yahoo, if they agree to be acquired, wants half the funds as a stock buy-out and half as cash. While Microsoft has $21 billion to spend on such a venture, Yahoo requires about $23 billion, and Microsoft doesn't feel like depleting the whole bank over a business deal.

However, while Microsoft works out loan terms, Microsoft may not need the money after all. Yahoo is seriously considering turning down the offer. Even if they accept any offer to be bought out, Yahoo has stated that they're more likely to accept an offer from Google...

We'll keep you posted as this whole debacle unfolds.Source: DailyTech

Google: Microsoft/Yahoo Merger Will 'Ruin The Internet'

As most of you know, Yahoo is seriously considering letting Microsoft buy them. However, we cannot forget that more than just Microsoft would benefit if Yahoo was to consider letting someone buy them. Google would also be pretty pleased if they could get Yahoo in their pocket, much like YouTube. However, instead of place a bid in, Google sent some nasty comments Microsoft's way.
Could Microsoft now attempt to exert the same sort of inappropriate and illegal influence over the Internet that it did with the PC? While the Internet rewards competitive innovation, Microsoft has frequently sought to establish proprietary monopolies—and then leverage its dominance into new, adjacent markets.
Please follow the source article for the full statement Google put out regarding this possible merger/purchase.Source: ARSTechnica
Return to Keyword Browsing