Apparently, fear of a deepening recession alone isn’t enough to maintain tech worker loyalty these days–mounting job losses be damned. This week, Google repriced millions of employee stock options that had gone underwater as the company’s share price declined. Now eBay hopes to do the same. The reason: employee retention.
If Google shares drop any further, the company may have to reprice its employees’ underwater stock options a second time. Google shares slipped below $300 on Friday and remain there today, trading at $292 as I write. That’s less than half their 52-week high of $602.45.
Who said the M&A market is dead? Sun Microsystems said this morning that it has acquired Q-layer, a company that automates cloud computing deployments. Meanwhile, Sun shares have been trading higher for a few days now, inexplicably up about 20 percent vs. Nasdaq, which isn’t doing nearly as well.
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.
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.
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.
Spectacular in the bellowing Russian sailor sense of the word …
“If you spell something wrong on your insurance claim, do you really deserve surgery? I don’t think so …”
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