In tough economic times such as these, even the biggest businesses get the urge to restructure, re-=org and reshuffle. Kara reported on several big breakups (of the tech variety), including the separation of AOL from Time Warner. Even ICQ got into the mix.
Now this is odd: Yahoo CEO Carol Bartz has canceled plans to deliver a keynote at the Consumer Electronics Show in Las Vegas in January. This not a month after the Consumer Electronics Association boasted of her participation in a press release. The reason for the cancellation: A scheduling conflict.
Much has changed at Yahoo since May 17, 2006, the last time the company held an investor day gathering. In May 2006, Yahoo’s shares traded at about $30 and the company claimed 28.98 percent of the U.S. search market. Today, its stock is worth a little over $16 and its share of the search market has fallen to 18.8 percent. Ugly declines, both of them. Fitting then, that Yahoo CEO Carol Bartz, speaking at the company’s first investor day gathering in three-and-a-half years, would describe Yahoo’s future as “a journey back to respect.”
We knew it had to happen. There was no way the great white (and blue, and whatever color Yahoo is) search engine sharks could resist the fire hoses full of text chum Twitter produces 24/7. Heck, Twitter even chops its textual fish heads into lovely bite-sized chunks.
Carol Bartz, Yahoo’s all caps CEO has been tapped to deliver a keynote address at the 2010 Consumer Electronics Show.
What’s Yahoo got to tout at a consumer electronics showcase? Could be an update to Connected TV, the same Internet-to-television platform the company debuted at CES last year.
Kara was half James Bond, half Indiana Jones in the cities and jungles of BoomTown this week. She jet-setted, jet-lagged and still managed to report on a genuine cougar fight.
“I’d be very surprised if Google did not hit $500 by the end of the year.” Citigroup analyst Mark Mahaney said that just last week, and as it happens he has already been proven right. Earlier today, Google saw its shares cross the $500 threshold, setting a new 52-week high.
“Well, sure. You think I’m stupid?”
– Yahoo CEO Carol Bartz answers the question, “Would you have taken the Microsoft deal that Yahoo turned down a year ago?”
Online ad spending in the Middle East is expected to increase between 35 and 45 percent this year. Little wonder then that Yahoo is pushing hard into the market there. This morning, the company said it is acquiring Maktoob.com, an Arabic online portal that boasts some 16 million users.
Wall Street is finally having its say about the newly announced Microsoft-Yahoo deal, and while opinions are mixed, there is some consensus on who got the better end of the deal: Microsoft. Seems the Street would have much preferred the “boatloads of money” Yahoo CEO Carol Bartz once said she’d demand for a search deal than the “boatloads of value” she claims to have given them this morning. After the jump, a roundup of analysts’ notes issued about the deal.
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
12:58 AM: Breakfast: Two schools of fish from Tokyo Bay. Calories: 782,000. How I was feeling when I ate this: confused, irradiated, hating my size.
11:37 AM: Exercise: “Taxi Stomp” (alternating legs, for 30 blocks). Calories burned: 148,900,183.
1983. The Beatles announce their first tour in thirteen years, but likewise announce that Michael Jackson will be going on tour with them as a one gigantic mega-concert event.
Best video mashup ever.
A Facebook Memorial
Wow.
Worth it for the Rickrolling photo alone.
Excellent.
Flughumor!
… you vacuous, toffee-nosed, malodorous perverts
Stephen Fry and zoologist Mark Carwardine meet the kakapo — a fat, flightless and very randy rare parrot.
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