TechAddress http://www.techaddress.com Providing the Latest User-Generated and Aggregate Technology News Fri, 28 Nov 2008 12:22:22 +0000 http://wordpress.org/?v=2.0.5 en Icahn Settles For Three Seats on Yahoo’s Board http://www.techaddress.com/2008/07/21/icahn-settles-for-three-seats-on-yahoo%e2%80%99s-board/ http://www.techaddress.com/2008/07/21/icahn-settles-for-three-seats-on-yahoo%e2%80%99s-board/#comments Mon, 21 Jul 2008 13:02:22 +0000 web 2.0 web yahoo icahn http://www.techaddress.com/2008/07/21/icahn-settles-for-three-seats-on-yahoo%e2%80%99s-board/ Source:Mashable!

Yahoo! reached an agreement with Carl Icahn: eight members of Yahoo’s current board of directors will stand for re-election; the board will be expanded to 11 members, Icahn will take one, and the other two will be chosen based on his recommendation.

Yahoo! co-founder and CEO Jerry Yang said this of the agreement:

“This agreement will not only allow Yahoo! to put the distraction of the proxy contest behind us, it will allow the Company to continue pursuing its strategy of being the starting point for Internet users and a must buy for advertiser.”

Icahn’s statement is more revealing: “I am very pleased that this settlement will allow me to work in partnership with Yahoo!’s Board and management team to help the Company achieve its full potential. While I continue to believe that the sale of the whole Company or the sale of its Search business in the right transaction must be given full consideration, I share the view that Yahoo!’s valuable collection of assets positions it well to continue expanding its online leadership and enhancing returns to stockholders.”

Bascially, Icahn backed down in exchange for three seats on the board; and will not be pushing for the sale of Yahoo or its search business…for a while. Does it mean that the Microhoo soap opera is finally at an end? Far from it: this is just one little (costly) victory for Yahoo. If there is a clear “winner” in this story when the dust settles in the end, I bet it will be a Pyrrhic victory.

Read the official statement by Yahoo here.

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]]> http://www.techaddress.com/2008/07/21/icahn-settles-for-three-seats-on-yahoo%e2%80%99s-board/feed/ Yahoo To Icahn: Let’s Not Talk Numbers Out Here http://www.techaddress.com/2008/06/06/yahoo-to-icahn-let%e2%80%99s-not-talk-numbers-out-here/ http://www.techaddress.com/2008/06/06/yahoo-to-icahn-let%e2%80%99s-not-talk-numbers-out-here/#comments Fri, 06 Jun 2008 19:00:52 +0000 News search microsoft yahoo Microshoo Microsoft Yahoo icahn http://www.techaddress.com/2008/06/06/yahoo-to-icahn-let%e2%80%99s-not-talk-numbers-out-here/ Source:Mashable!
When a service as big as Amazon is unavailable, you expect at least a message along the lines of “something is technically wrong.” However, currently Amazon is as dead as it can be, with Amazon.com producing a mere “Http/1.1 Service Unavailable” error message.
We’re usually cautious about writing reports on sites being down because they have […]SHARETHIS.addEntry({ title: “Amazon Is Down. Very Down.”, url: “http://mashable.com/2008/06/06/amazon-is-down/” });

Source:Mashable!
Platform-A has announced its European expansion today, aligning with the AOL advertising operations that are already in existence in Europe, including Advertising.com, Adtech and buy.at. Having been built on the success of AOL’s existing advertising programs, as well as a way to incorporate the recently acquired Tacoda and Third Screen Media, Platform-A was created […]SHARETHIS.addEntry({ title: “AOL’s Platform-A Expands to Europe”, url: “http://mashable.com/2008/06/06/aol-platform-a-europe/” });

Source:Mashable!
Only several hours have passed since Carl Icahn delivered his latest set of stipulations to Yahoo in an effort to facilitate a Microsoft takeover, and already Yahoo has sent back a response. The company said quite succinctly:
“Leaving aside Mr. Icahn’s inaccurate interpretation of our retention plan, we again note that he has no credible plan […]SHARETHIS.addEntry({ title: “Yahoo To Icahn: Let’s Not Talk Numbers Out Here”, url: “http://mashable.com/2008/06/06/yahoo-icahn-reply/” });

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]]> http://www.techaddress.com/2008/06/06/yahoo-to-icahn-let%e2%80%99s-not-talk-numbers-out-here/feed/ Microsoft Considering Alternative Transaction With Yahoo http://www.techaddress.com/2008/05/18/microsoft-considering-alternative-transaction-with-yahoo/ http://www.techaddress.com/2008/05/18/microsoft-considering-alternative-transaction-with-yahoo/#comments Mon, 19 May 2008 00:30:10 +0000 News microsoft web yahoo Microshoo Microsoft Yahoo icahn http://www.techaddress.com/2008/05/18/microsoft-considering-alternative-transaction-with-yahoo/ Source:Mashable!
Kevin Johnson, president of Microsoft’s Platforms and Services Division (a.k.a., Windows and Windows Live), in a letter (published by CNET) to Microsoft employees following the company’s release of a memo delineated its active consideration of “new alternatives for a transactions with Yahoo,” today offered some insight into what observers might expect hear in […]SHARETHIS.addEntry({ title: “Microsoft President Previews Week’s Talking Points”, url: “http://mashable.com/2008/05/18/microsoft-week/” });

Source:Mashable!
After a spending several days following Carl Icahn’s proxy threat sitting silently with no substantive comment regarding its decision earlier this month to abandon pursuit of Yahoo ownership, Microsoft today issued a statement regarding last week’s developments:
In light of developments since the withdrawal of the Microsoft proposal to acquire Yahoo! Inc., Microsoft announced that it […]SHARETHIS.addEntry({ title: “Microsoft Considering Alternative Transaction With Yahoo”, url: “http://mashable.com/2008/05/18/microsoft-yahoo-2/” });

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