Now that Yahoo is trading at $12.63 in an economy that’s falling Homer Simpson-style down the long rocky slope of economic collapse, some of the company’s institutional investors are hoping to convince it to sell itself to Microsoft again.
With a Department of Justice ruling on Google’s advertising partnership with Yahoo expected by late next week, a key legislator is urging further scrutiny of the deal. In a letter to the DOJ, Sen. Herb Kohl of Wisconsin, chairman of the Senate Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights, encouraged it to monitor the Google-Yahoo deal, even if the agency signs off on it.
“I’ve never seen a tech company ramp up faster than they have in the last year or two,” tech lobbyist Ralph Hellmann said of Google last year. “They’re using all the tools in the lobbying tool kit.” And with some success, it would seem. With the Justice Department reviewing the company’s proposed online advertising partnership with Yahoo and its critics growing increasingly vocal, Google has managed to win the support of some California lawmakers.
When Google and Yahoo announced their advertising partnership back in June, the companies said they’d give the Justice Department three and one half months to review it. Which is more than enough time according to Google CEO Eric Schmidt, who said the companies will proceed with the deal in October, even if federal regulators haven’t yet approved it.
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!
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