With the economy continuing to sour and consumer tech spending slowing, speculation is running rampant that Microsoft may soon join the sad conga line of tech companies announcing layoffs. According to an unsubstantiated, poorly sourced report currently making the rounds, Redmond is steeling itself for a massive staff reduction.
Yahoo is certainly embracing its new market underperform rating, isn’t it? With rumors of December layoffs in the wind, shares in the company are trading in the $11 range today, after dipping below $12 Wednesday to yet another new 52-week low. That’s about half the price that Mithras Capital Partners suggested Yahoo sell itself to Microsoft last week.
Well what do you know: the media buzz around Facebook doesn’t quite correlate with the site’s usage metrics. According to September comScore data, Zuckerburbia suffered a noticeable decline in unique visitors and page views both. Uniques are down 9.3%, page views 3.8%–this during a back-to-school month in which we should have seen both numbers spike.
What’s [...]
Bear Stearns Internet analyst Robert Peck is apparently taking the same cold medicines former Wall Street analyst Henry Blodget favors, just not in the same massive quantities.
Earlier this week Blodget–who in 2006 was laying out scenarios for a massive contraction in Google’s price–suggested the company’s shares might someday trade at $2,000. “Remember a couple years [...]
So former analyst Henry Blodget says Microsoft is rumored to be planning to buy Facebook for $6 billion. An intriguing rumor. Bunch of suits from Redmond, Wash., flying down to Silicon Valley carrying Timbuk2 bags overflowing with cash for a smokin’-hot social-networking outfit with appalling ad click-throughs.
That’s right–appalling ad click-throughs. “Facebook’s members appear indifferent even [...]
His proclivity for placing “buy” recommendations on stocks that he privately derided as “POS” (”pieces of s—”) aside, who better than former Merrill Lynch analyst Henry Blodget to comment on the Amazon run-up today?
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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