Friday, April 3, 2009
IBM-Sun Day Monday?
Sun and IBM reportedly prepare for a Monday announcement. Plus, Stephen Colbert on Twitter, iPhone camera rumors, and YouTube’s 2009 losses. (April 3)
Sun and IBM reportedly prepare for a Monday announcement. Plus, Stephen Colbert on Twitter, iPhone camera rumors, and YouTube’s 2009 losses. (April 3)
Neither Sun nor IBM will confirm that the two companies are even in talks, but the two will reportedly announce their merger on Monday–not today as previously thought. And after the deal, then what? Massive layoffs, most likely.
To hear tell from the National Venture Capital Association, the VC landscape is as burned out and desolate as the ashen vistas of Cormac McCarthy’s “The Road.” According to its latest data, not a single venture-backed company went public in the first quarter of 2009 or the one that preceded it. That’s the first time the association has ever recorded two consecutive quarters with no issues.
If the Save Sirius coalition hopes to fulfill its eponymous mandate, it may have to do so by other than legal means. Because its lawsuit against Sirius XM has been dismissed.
Just because Microsoft acquired Danger doesn’t mean the company has its eye on Research in Motion, though some observers apparently feel otherwise. Noting the ugly decline in RIM’s share price in recent months and a financial crisis that’s already slowing the corporate IT spending that is its lifeblood, Canaccord Adams analyst Peter Misek speculates that the Blackberry peddler is a good takeover target for Microsoft.
No surprises here: The American Antitrust Institute won’t be endorsing Google’s proposed advertising partnership with Yahoo. In a white paper published Tuesday, the group decried the deal as one that “could end up as a black hole that swallows up Yahoo, despite Yahoo’s intentions to stay in the business.”
Is SanDisk out of its mind? On Tuesday the company rejected a $5.9 billion acquisition bid by Samsung Electronics. Apparently, it feels the $26-a-share cash offer–an 80 percent premium over its Monday close–undervalues the company.
The high-speed pursuit by Electronic Arts of Take-Two Interactive Software and the bounties of its Grand Theft Auto franchise has ended in a set of flat tires. On Sunday EA (ERTS) dropped its $2 billion tender offer for the rival videogame maker. The company didn’t say exactly what prompted it to end talks with its smaller rival, though presumably it had something to do with Take-Two’s bashing of EA’s $25.74-per-share bid as too low and the company’s acquisition strategy as “mystifying.”
This is the first major combination of an online company and a bricks-and-mortar media company. It’s the deal that everyone will have to follow.
Together, they represent an unprecedented powerhouse. If their mantra is content, this alliance is unbeatable. Now they have this great platform they can cross-fertilize with content and redistribute.”
– Ben Rogoff, manager of Aberdeen Asset Management and Bear Stearns analyst Scott Ehrens comment on the AOL-Time Warner merger, circa 2000
Rumors of renewed talks between Microsoft and Yahoo are as inevitable and persistent as Friday the13th sequels — and not nearly as entertaining. Shares of Yahoo spiked this afternoon on rumors that Yahoo is back in merger or partial acquisition talks with Microsoft.
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.
Best use of the Beeker “meee” ever.
While the technology behind the Telephone is new, the design is reassuringly old-fashioned, reminiscent of a phrenologist’s horn or ear-candle in form. We found the experience far more comfortable than the one we had with the Telegraph.
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!