'Yahoo'에 해당되는 글 15건

  1. 2009.05.26 How to Hack a Yahoo Mail Password by CEOinIRVINE
  2. 2009.04.22 Yahoo! Silent On Microsoft by CEOinIRVINE
  3. 2009.03.14 GM by CEOinIRVINE
  4. 2008.12.11 Advice For Yahoo!s, From Yahoo!s by CEOinIRVINE
  5. 2008.12.11 Yahoo investor urges search unit sale to Microsoft by CEOinIRVINE
  6. 2008.12.10 Better Off Without Yahoo! by CEOinIRVINE
  7. 2008.12.04 Rising royalties send Yahoo's Launchcast to CBS by CEOinIRVINE
  8. 2008.12.02 Why Carl Icahn Didn't Buy Enough Yahoo! by CEOinIRVINE
  9. 2008.11.26 The Market For Yahoo!'s CEO by CEOinIRVINE
  10. 2008.11.06 Google Ends Search Advertising Deal with Yahoo by CEOinIRVINE

Someone you know has a Yahoo account.. and you want the password. Whether you don’t trust your spouse or just looking to do some justice, i’m sure you have your reasons. Yahoo mail is estimated as the world’s largest email provider, and in February, 2008, a Yahoo executive claimed the company served 260 million email users which is very close to Hotmail’s numbers. With that many accounts, there is clearly a demand for hacking into these accounts. I don’t condone anything illegal, but I do believe that information should be freely available on the internet, no matter the subject, and that there are many situations and good reasons for doing so. I leave that up to you to decide.

When it comes to hacking email passwords like Yahoo, there are 2 foolproofmethods to do it. Spying and Phishing. They are both methods of social engineering, or in other words, the target unknowingly gives you their password. The only people that know the password are Yahoo and the target themselves, so who do you think it is easier to get from? While there are other ways to hack a yahoo password, the odds are so low it’s not even funny. If you want to know more about the other non-realistic ways to hack password and why they don’t work, read The Truth about Password Hacking/Cracking.

So, here is how you hack yahoo:

Spying (cost money)

Almost everyone logs into their yahoo account through a computer, usually their own. That means one of the people that DOES know the password is the computer it’s being entered on, but of course this information is not remembered by the computer unless Spy Software has snuck onto it. Getting spy software onto the computer is easy, especially if you have physical access to it. Can you count how many times your computer has gotten a virus or suspicious email? It’s the same thing.

So what’s the best spy software to use?

If you have physical access to the computer, you are practically guaranteed the password. A good program is completely stealthy with a host of features, which I recommend you get AceSpy. It’s an advanced spy software mainly for monitoring your kids or employees silently and discreetly. There are also some free keyloggers out there, but I was unable to find one that was stealthy and they are really feature limited. AceSpy has a host of features such as websites visited, instant messenger chat logs, email recording, and even stores screenshots and a unique surveillance mode feature which records a movie of their actions. This can often be better than just having the Yahoo mail password, as deleted emails and other information can be recovered from the screenshots when you otherwise couldn’t.

If you need to hack someone remotely via the internet, there’s a program from the same company called SniperSpy. The difference between the programs, and this is the really great thing, is that SniperSpy is remotely deployable. That means that you can send it’s module via email or file transfer and it will begin monitoring their computer! All of the data it gathers is stored online and can be accessed via their website which means you won’t have to worry about software that doesn’t install on your computer for some reason - all you need is a web browser and the internet to access the Spy Control Panel. This is the program I used on my girlfriend and I was able to get proof of what I suspected. It’s got the same features as AceSpy plus a ton more, and is so stealthy it bypasses firewalls and antivirus because it’s a commercial product.

Phishing (Fake Login Pages)

Phishing is mostly used on a wider scale to target a large amount of yahoo accounts. For example, the most common way of phishing is done by email where the target receives an email message that appears to have come from Yahoo themselves (it’s actually very easy to forge an email sender). In the message, there is always a story of an issue with your account and it asking you to verify your account at the link below - this is where the hacking happens. The person thinks the link is taking them to the official yahoo website, but most people don’t notice the URL is slightly or even completely different. The target is taken to a yahoo login page that looks authentic, and as soon as they enter their details and hit submit, the password is known to the hacker. Phishing is not legal in any circumstance because you are impersonating yahoo and copywriting their page by creating a fake login, but there is literally no enforcement of this and I know of no one being arrested or getting in trouble (if you do, feel free to comment). It is also limited to only giving you the password (unlike spying) and it is meant for those with above average computer skills to setup. If you are interested in doing it this way, access the instructions page here (a cell phone offer helps hide the instructions page from prying eyes. Enter a valid phone number and instructions page should appear immediately afterwards).

'Hacking' 카테고리의 다른 글

How to find Addresses in Gunz  (0) 2009.06.09
Lolhackerstic.dll (godmode)  (0) 2009.06.09
Debugging  (0) 2009.05.23
Basic 80x86 Architecture  (0) 2009.05.23
Game Cheat 101  (0) 2009.05.09
Posted by CEOinIRVINE
l

Yahoo! Silent On Microsoft

IT 2009. 4. 22. 12:15

The Internet portal didn't shed light on a possible deal with the software giant as it reported a loss and more job cuts.


BURLINGAME, Calif. -- Beleaguered Internet portal Yahoo! reported first-quarter earnings of $118 million, or 8 cents per share, a decrease of 78% from the year-ago period.

In an effort to cut costs further, the portal expects to lay off 600 to 700 people, 5% of global employees, in the next two weeks.


On a conference call with analysts, Yahoo! ( YHOO - news - people ) CEO Carol Bartz said the company would invest in businesses "that generate the majority of our traffic" and discontinue less-popular offerings, rather than simply making across-the-board staff cuts. Candidates for more investment include the Yahoo! home page and functions like e-mail and Web search, she said, as well as mobile-phone programming and specific Web-content areas like news, sports and entertainment.

Bartz said that "brand advertising is not going to go away," and Yahoo! wants to position itself to take advantage of the economic recovery when it eventually arrives. The recession has walloped most companies' ad budgets, which has hurt Yahoo!'s bottom line.

The company generated revenues of $1.58 million, a decrease of 13% from the first quarter of 2008. Without currency losses, revenue would have declined 8%. Marketing revenues declined to $872 million from $966 million, and were driven by a 3% decline in search-advertising revenue.

Revenues based on fees from online services, partnerships and music downloads decreased 20%. Net income per share was in line with Wall Street estimates, compared with 37 cents in the first quarter of 2008. Earnings in the year-ago quarter, however, were bolstered by a one-time, $401 million gain.

On the conference call, Bartz didn't shed light on whether she is actively pursuing a Web-search deal with Microsoft ( MSFT - news - people ), an alliance many analysts think would benefit both companies. She reiterated, however, that search is "absolutely critical to Yahoo! It's critical to our customers and partners."



Posted by CEOinIRVINE
l

GM

Business 2009. 3. 14. 14:53
General Motors is seeing a slight pullback after hours, following a huge run-up in regular trading. Shares closed up more than 24% after the company told U.S. officials it can survive without $2 billion in additional aid that it had requested to get through March. Stepped-up cost-cutting measures and holding off on some planned spending helped. Shares are down more than 6% in extended trading.

Shares of Lions Gate Entertainment (nyse: LGF - news - people ) also fell after hours, down more than 4% on the idea that billionaire Carl Icahn could gain control of the boutique movie company. Fitch analyst Jamie Rizzo told investors that if Icahn’s latest move to buy up the company’s convertible bonds succeeds, he'll have "effective control." 

Anadys Pharmaceuticals (nasdaq: ANDS - news - people ) is heading higher after hours. Shares are soaring, up nearly 8% in extended trading, on word the company is in late-stage partnership discussions about its experimental hepatitis C treatment. Anadys reports five companies have conducted formal due diligence and a couple more are scheduled.

Shares of National Beverage Corporation (nasdaq: FIZZ - news - people ) jumped more than 6% after hours on an 11% rise in profits on higher sales in the third quarter. The company says consumers are focusing more on value today, which boosts demand for its Shasta, Everfresh and LaCroix drink brands.

And Comscore released its data on top search engines for February. No surprise. Google (nasdaq: GOOG - news - people ) is the No. 1 search engine--leading the U.S core search market last month with 63.3% of the searches conducted. Yahoo (nasdaq: YHOO - news - people ) was next with 20.6%, while Microsoft (nasdaq: MSFT - news - people ) held 8.2% of the market,

Ask Network--which has been tailoring its marketing toward the racing audience, with prominent ads during televised NASCAR races--is in fourth place with 4.1% of the searches. AOL rounds out the top five with 3.9%. Overall, Americans conducted 13.1 billion searches, down 3% from January.



'Business' 카테고리의 다른 글

Why Rick Wagoner Had To Go  (0) 2009.03.31
Statins Dethroned  (0) 2009.03.31
Microsoft vows openness for mobile app store  (0) 2009.03.12
Android sales to outstrip iPhone by '12?  (0) 2009.03.10
An Entrepreneur Stimulus Plan  (0) 2009.03.08
Posted by CEOinIRVINE
l
Advice For Yahoo!s, From Yahoo!s

There are two Yahoo!s in Silicon Valley.

There's the struggling Web portal. It's known for being bureaucratic, timid and indecisive. It laid off 1,500 employees Wednesday as it conducts a public--and very awkward--search for a new chief executive. This Yahoo!'s (nasdaq: YHOO - news - people ) shares are down more than 40% this year.

Are you a former Yahoo! employee with advice for recently laid off colleagues? Share your advice in the Reader Comments section, or send your thoughts to bcaulfield@forbes.net.

Then there's the other Yahoo! It's the network of former Yahoo! employees, or Yahoo!s, who have gone on to lead Web efforts at big companies such Microsoft (nasdaq: MSFT - news - people ). Others are using their Yahoo!-honed Web smarts to good use working as venture capitalists.

Then there are the scores of former Yahoo!s running fast-moving start-ups around Silicon Valley. Here are excerpts from interviews with former Yahoo!s with advice for those who have just left the company, or anyone pondering their next career move. [See "Meta Data: Jerry's Good-bye Note."]

On finding the right job: I would tell people what I have told dozens or hundreds of Yahoo! people I have talked to about leaving. You've got to think back on what you really do the best and love doing the most. Now [balance] that with the question: How will this particular opportunity you're interested in make money? I really do think it's a balance. Too many people have done the first and are thrilled about what they're doing, but over the long term it unravels. On the other hand, people who only chase things that could be super lucrative aren't really passionate about what they're doing and later wonder in retrospect if they ever were. --Elizabeth Blair, chief executive officer, Brand.net

On flexibility: Be open. Lift your head out of what you've done and realize it is a very big world out there, the only thing that makes it feel small is when you're not open to new things. If you've only worked at big companies, maybe you should consider small companies.

'Business' 카테고리의 다른 글

U.S. House approves $14-bln auto industry bailout  (0) 2008.12.11
Who Owns Christmas?  (0) 2008.12.11
Facebook's Developer Hug  (0) 2008.12.11
Jobs that make good party conversation  (0) 2008.12.11
Sony launches PlayStation virtual community  (0) 2008.12.11
Posted by CEOinIRVINE
l

One of Yahoo Inc.'s largest shareholders, Ivory Investment Management LP, is urging the Internet company to pursue a sale of its search unit to Microsoft.

In a letter to the company's board, the investment firm proposed a deal Wednesday in which Microsoft (nasdaq: MSFT - news - people ) would acquire Yahoo (nasdaq: YHOO - news - people )'s search engine and Yahoo would retain 80 percent of revenue generated by search queries on its own site.

Ivory said Yahoo could get about $15 billion from Microsoft for the search platform alone, a deal it said would give shareholders a value of $24 to $29 per share, or more than double Yahoo stock's closing share price Tuesday of $12.19.

Yahoo shares rose 62 cents, 5.1 percent, to $12.81 in morning trading Wednesday.

Yahoo Chief Executive Jerry Yang said recently that he would resign, a response to shareholder discontent that brewed after Yahoo rebuffed a $47.5 billion takeover offer from Microsoft for the entire company. Before stepping down, Yang said he was still open to some kind of a deal with Microsoft, after antitrust concerns sank Yahoo's planned advertising partnership with Google Inc. (nasdaq: GOOG - news - people )

Microsoft CEO Steve Ballmer has said a takeover of Yahoo is off the table but has expressed interest in the company's search business.

In the letter Wednesday, Ivory took Yahoo's board to task for not seeking a deal with Microsoft more aggressively and accused the company of ignoring shareholder interests. The firm holds 21.4 million, or about 1.5 percent, of Yahoo's shares.

Posted by CEOinIRVINE
l

Better Off Without Yahoo!

Business 2008. 12. 10. 09:28

So, you just got laid off from the struggling portal. Congratulations.

Ten years from now Steve Jobs' iPhone will be just another obsolete gadget. Rob Bailey's vitamin vodka, however, will still refresh.

It never would have happened if Bailey hadn't left his business-development job at Yahoo! (nasdaq: YHOO - news - people ) in 2006 to pursue alcoholic immortality.

Two years later, Bailey has won awards from the San Francisco Wine and Spirits Festival and the Beverage Tasting Institute and signed deals that will put his Lotus vodka in outlets such as Safeway (nyse: SWY - news - people ) and Beverages and More. "Who would have thought," Bailey says. "I've scaled up from two people to eight and Citigroup has just laid off 55,000."

Or that Yahoo!, once king of the Web, would be cutting its workforce too. Insiders say the struggling Sunnyvale, Calif., Internet portal will layoff 1,500 employees Wednesday in an effort to become a leaner, more aggressive company that can compete with Google (nasdaq: GOOG - news - people ). Word is Yahoo!'s sales force will be chopped by roughly 30%. Even Yahoo!'s vaunted engineers will face cuts, with more than 5% losing their jobs.

All newly unemployed Yahoo's, however, will find plenty of support. "I'd like to tell them that this layoff probably has more to do with management mistakes," says Hongche Liu, chief information architect at people-search engine Spock and a Yahoo! veteran.

But while troubled Wall Street firms, car companies, and media companies may crank out products nobody wants, demand for the online services Yahoo! employees create remains high. Liu even urges Yahoo! workers to master the monetization skills that so often seemed to elude the company. "A downturn is the best time to latch onto the next big wave," Liu says.

Recruiters are already scouring Yahoo!'s ranks for engineers who are skilled at moving video around the Web, building big, stable Web services and making sites friendlier to search engines. Sales people who can drum up new business online while exploiting the contacts they developed at Yahoo! will also be highly sought after, recruiters say.

'Business' 카테고리의 다른 글

Dems, White House Near Deal on Auto Bailout  (0) 2008.12.10
EA Expects Low Profits, Job Losses  (0) 2008.12.10
Sony Slimming Down  (0) 2008.12.10
Employment  (0) 2008.12.10
How to prepare for February's digital-TV switchover  (0) 2008.12.10
Posted by CEOinIRVINE
l

Yahoo Inc. is plugging its Internet radio service into CBS Corp.'s webcasting network in a move driven by dramatically higher fees for airing music online.

Yahoo (nasdaq: YHOO - news - people )'s retreat from operating a standalone service, announced Wednesday, makes it the second major Web site this year to flee the rising royalty rates by hitching its radio operations to CBS (nyse: CBS - news - people ). AOL Radio, owned by Time Warner (nyse: TWX - news - people ) Inc., hooked up with CBS in June.

Yahoo's radio channel, called Launchcast, will combine with CBS beginning in February.

The shift broadens Yahoo's retrenchment from online music. The company closed a music downloading service and transferred its music subscription service to RealNetworks Inc. (nasdaq: RNWK - news - people )'s Rhapsody earlier this year.

Under the latest arrangement, Yahoo will depend on CBS Radio to power Launchcast and sell all the ads on the service. Yahoo employees will still oversee the programming for Launchcast's roughly 150 stations, drawing from CBS Radio's content.

In return for the helping hand, Yahoo's highly trafficked news and sports sections will feature some of CBS's top-rated radio stations, including WFAN in New York and KNX-AM in Los Angeles.

The combination also will widen Launchcast's audience by enabling users to listen to the service through the Firefox and Safari Web browsers for the first time. Launchcast's player has worked only with Microsoft Corp. (nasdaq: MSFT - news - people )'s Internet Explorer.



'Business' 카테고리의 다른 글

Penetration Tester  (0) 2008.12.04
Apple's Security Paradox  (0) 2008.12.04
Apple iPod sales surprise analyst  (0) 2008.12.04
Apple iPod sales surprise analyst  (0) 2008.12.04
The Big Three's Stalemate  (0) 2008.12.04
Posted by CEOinIRVINE
l

Yang is heading out, the stock is crazy cheap and the company is profitable. What gives, Carl?

You can say a lot of bad things about Yahoo!. The boys at Google stole the Internet out from under them. Chief Executive Jerry Yang choked when presented with a rich buyout offer from Microsoft. Its psychedelic corporate color scheme--yellow and purple--may cause seizures.

Don't dismiss the Sunnyvale, Calif.-based Web portal as worthless, though. Wall Street has self-destructed. The U.S. auto industry's business model makes no sense. Yahoo! (nasdaq: YHOO - news - people ), however, remains a cash-spewing machine.

Article Controls

imageemail

imageprint

imagereprint

imagenewsletter

imagecomments

imageshare

Yahoo! Buzz

So when corporate raider and Yahoo! board member Carl Icahn doubled down on Yahoo! in a Thanksgiving-week frenzy, after watching his previous investment lose $1 billion since buying 69 million shares of Yahoo! for $25 a share early this year, the question shouldn't be "Is he crazy?" The right question is: Has Icahn lost his nerve?

That's because Yahoo is overdue for a trip to the corporate chop shop. And while All Things Digital's Kara Swisher debunked a report over the weekend in the Times of London that Microsoft (nasdaq: MSFT - news - people ) would buy Yahoo!'s search business in a complex $20 billion deal that would place former AOL chief Jon Miller and former President of Fox Interactive Media Ross Levinsohn in charge of Yahoo!, some sort of deal seems inevitable.

That's in large part thanks to Icahn, who manage to scrap his way onto Yahoo!'s board this year and is only growing more aggressive by the day. Icahn spent $67 million for 6.8 million shares of Yahoo! stock in late November, according to the U.S. Securities and Exchange Commission. The move follows last month's announcement that Yahoo! is searching for a successor to Yang and boosts Icahn's stake in Yahoo! to roughly 5.5% of the company.

Who do you think is a leading contender for the Yahoo! CEO job? Check out what the market says (right).

Related Quotes

YHOO $10.74 -0.77
GOOG $265.99 -26.97
MSFT $18.61 -1.61
Get Quotes:

Yang basically lost his post after losing his nerve. First he dithered when Microsoft Chief Executive Steve Ballmer offered $31 a share for Yahoo!, at a time when its shares were going for $19.18 each. Then, after a series of halfhearted negotiations, Yahoo! ditched Microsoft for an ad partnership with Google (nasdaq: GOOG - news - people ). That partnership fell apart as well last month after U.S. antitrust authorities raised legal questions about the deal.

Enter Icahn. Yahoo! is a complex welter of businesses that has long added up to less than the sum of its parts. Last year Sanford Bernstein estimated Yahoo! was worth $54.3 billion, or $38 a share, when you add up Yahoo!'s cash position, stakes in Yahoo! Japan and China's Alibaba, and Yahoo!'s search, subscription and display advertising businesses. While that value has surely fallen, with Yahoo!'s market capitalization now at just $16 billion, chopping up Yahoo! is now a more attractive option than ever.

To top it all off, Yahoo! is still cranking out cash, reporting net income of $54 million on revenues of $1.79 billion for the quarter ending in September. While the figure is well below the $151 million in earnings it reported during the year-ago quarter, that is still pretty sweet compared with anything you'll see out of Detroit.

Making money on Yahoo! stock, however, could take some work. The recession will surely hurt Yahoo!'s earnings. Wall Street's chaos will make it tough to find buyers for chunks of the company, even if Icahn installs a management team willing to chop Yahoo! into bits. Laying off 1,200 full-time employees this month represents a first step. That will lop off more than $100 million in annual expenses in a hurry.

But let's face it, Icahn has a talent for making money on some pretty terrible businesses. He's picked over scruffy companies ranging from airline TWA to American Can. Maybe that's the problem. At Yahoo!, Icahn is sitting on a collection of franchises with a real future. It must be an unfamiliar sensation.

Posted by CEOinIRVINE
l

The Market For Yahoo!'s CEO

Elizabeth Corcoran

Who do you think will get the top job? Intrade and Forbes.com want to hear from you.




The stakes for picking the next chief executive of Yahoo! are beginning to mount--quite literally.

Online market-predictions firm Intrade, in conjunction with Forbes.com, is opening a market for people to speculate on the next chief executive of Yahoo! (nasdaq: YHOO - news - people ). Intrade created the market.

Forbes pulled together a list of candidates for the job. (See "In Pictures: Candidates For Yahoo!'s CEO.") And we want to hear your opinions, too.

Silicon Valley has been rife with ideas about who could lead the Internet pioneer since co-founder Jerry Yang said he would step down. Such speculation, much like picking the Cabinet members for the upcoming Barack Obama administration, spurred Intrade and Forbes to start a market that lets people put down their predictions about who might become Yahoo!'s next CEO. Intrade delivers not just the wisdom of the crowd but the attitudes of those who care enough about an issue to put a little something at risk.


Intrade, which launched its marketplace in 2001, has some 200,000 registered members. The number of active users is in the tens of thousands, says John Delaney, chief executive of Intrade, which is based in Dublin, Ireland.

Related Quotes

YHOO $9.91 -0.30
YHOO $9.91 -0.30
GOOG $277.34 +19.90
MSFT $19.88 -0.81
Get Quotes:

Any one transaction is relatively small, on average about $25 apiece. (Intrade charges 5 cents per transaction.) But those stakes add up: Trading on contracts about whether John McCain or Barack Obama would win the U.S. presidency totaled $28 million. Pundits all across the political spectrum, from the Cato Institute to AEI Brookings, as well as the U.S. Federal Reserve, the European Central Bank, the Bank of Japan and the political candidates themselves have gotten data from Intrade, says Delaney.

"The markets we list for trading that fascinate people the most are highly correlated to current events," Delaney observes. Until the election, political questions drove activity on Intrade. Now attention has shifted to the economy, he says.

Here's how it works. Intrade opens a market, say, by listing the candidates for Yahoo!'s chief executive spot. Members then take a position on a "contract" that corresponds to the probability that they think the event will take place.

Each single contract, like a share, has a maximum value of $10. Winning trades close at 100 points (or $10). Losers get 0. Say you think that candidate A has a 10% chance of getting the Yahoo! top job, you would buy shares in that candidate at $1. If you're right, you will be rewarded with $9 per share you bought.

Precisely who gets picked to run Yahoo! is attracting intense interest, particularly in technology circles. Although the Internet pioneer has been perceived to be adrift, it still boasts some of the highest traffic of any site on the Web. Many--including the U.S. Federal Trade Commission--continue to see Yahoo! as a significant competitor to Google (nasdaq: GOOG - news - people ) in the increasingly important area of online advertising.

"It is a very big opportunity. Yahoo! is an extraordinary asset," notes John Battelle, chairman of Federated Media Publishing. Battelle conducted an onstage interview with Yang in early November at the Web 2.0 conference in San Francisco, less than three weeks before Yang said he would relinquish the CEO spot.

The question is inextricably bound up in what direction the board feels the company should take. In his conversation with Battelle at Web 2.0, Yang set off a fresh round of speculation by asserting that "today I'd say the best thing for Microsoft to do is to buy Yahoo!."

"Intrade is about providing transparency about what might happen tomorrow," Delaney asserts. And so far, Intrade's results are looking pretty good.




'Business' 카테고리의 다른 글

Wall Street pulls back after big 2-day rally  (0) 2008.11.26
Disaster-Proofing The Cloud  (0) 2008.11.26
BHP Bails On Rio Tinto  (0) 2008.11.26
Fed And Treasury To The Rescue. Again.  (0) 2008.11.26
Hollywood's Top-Earning Couples  (0) 2008.11.26
Posted by CEOinIRVINE
l

After four months of wrangling with the Justice Department, Google has ditched its search advertising deal with Yahoo. The move, announced unilaterally by Google, had been widely expected in recent days, despite last-minute concessions by the two companies this week to mollify the concerns of antitrust regulators. They reportedly proposed a shorter term and a cap on revenue for the deal, under which Yahoo would run Google ads on some of its pages.

But advertisers, publishers, and other players, notably rival Microsoft, continued to fear that the combined efforts of Google, the dominant force in search ads, with No. 2 Yahoo would stifle competition and lead to higher ad prices. Google executives decided they weren’t going to win this one, and they opted not to engage in a legal battle for what was, after all, a small amount of money for Google. “After four months of review, including discussions of various possible changes to the agreement, it’s clear that government regulators and some advertisers continue to have concerns about the agreement,” said Google Chief Legal Officer David Drummond. “Pressing ahead risked not only a protracted legal battle but also damage to relationships with valued partners. That wouldn’t have been in the long term interests of Google or our users, so we have decided to end the agreement.” He added that the prospect of a lengthy legal battle “would be like trying to drive down the road of innovation with the parking brake on.”

Update: In a press release, Justice actually says it informed the companies it would file an antitrust lawsuit to block the deal. So it’s quite understandable Google decided to bail, especially since such a threat was one of the outs provided for in its Yahoo deal. So Google not only avoids a bruising fight with regulators, but a cash settlement with Yahoo for exiting the deal.

For Yahoo, however, this is a huge blow, since it has said it expected to earn up to $450 million in operating cash flow annually from the deal. In its statement, in full after the jump, Yahoo said it was “disappointed that Google has elected to withdraw from the agreement rather than defend it in court.”

Oddly enough, its stock is up about 4% in early trading, likely on the expectation of Microsoft returning with a new deal. Several analysts have suggested that if the deal failed, Yahoo would be forced to go back to Microsoft, which had initially made an offer to buy all of Yahoo and then to buy its search ad operations, both rejected by Yahoo. Today, Yahoo’s stock stands at under $14 a share, far below the $31 a share Microsoft originally offered and a sweetened $33 a share offer.

The stock spiked briefly as much as 10% after a rumor circulated by a broker claimed that Yahoo cofounder and CEO Jerry Yang would leave and Microsoft would make another offer to buy all of Yahoo. But people close to the companies deny both claims, and say there are no current talks.

'Business' 카테고리의 다른 글

Apple Laptops: The Hits Keep Coming  (0) 2008.11.06
Barack Obama's Victory: Three Lessons for Business  (0) 2008.11.06
Stock Price DOWN!  (1) 2008.11.06
Measured Response To Financial Crisis Sealed the Election  (0) 2008.11.06
Blu-ray Holiday Primer  (0) 2008.11.05
Posted by CEOinIRVINE
l