Friday, February 01, 2008


Scared stiff of Google, they are. And they should be. You can upload a Word document or an Excel spreadsheet to your Google account, and work with it online. Just like MSOffice. From anywhere on the internets. For free. AP (02.01.08):
"Microsoft Corp. has pounced on slumping Internet icon Yahoo Inc. with an unsolicited takeover offer of $44.6 billion in its boldest bid yet to challenge Google Inc.'s dominance of the lucrative online search and advertising markets.

The surprise offer of $31 per share, made late Thursday and announced Friday, comes with Sunnyvale-based Yahoo in a vulnerable position."

Microsoft Offers $44.6B for Yahoo

Wall Street went apeshit. "The announcement sent Yahoo's share price up 60 percent in premarket trading [ed. - at one it was up $11.50 a share], while Google fell 8 percent."

Microsoft tried to buy 'em a year ago, but was rejected by the old CEO, Terry Semel, the same guy who was forced to quit as CEO last June, and who yesterday resigned from Yahoo's Board of Directors. The current CEO, one of the original founders, said Terry had been "'a tremendously valuable resource in recent months, as our new management team developed and began to execute our strategic growth plans.'"

Which is a very nice way of telling Terry to not let the door hit him in the ass on his way out.



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