Digital Daily » Silicon Valley Insider http://digitaldaily.allthingsd.com by John Paczkowski Sun, 22 Nov 2009 22:11:09 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 http://allthingsd.com/theme/images/logo-rss.jpg All Things Digital http://allthingsd.com/ 144 22 Publisher of Jobs Obituary Outs Jobs Heart Attack Rumor Writer http://digitaldaily.allthingsd.com/20081024/source-of-jobs-obituary-fingers-source-of-jobs-heart-attack-report/ http://digitaldaily.allthingsd.com/20081024/source-of-jobs-obituary-fingers-source-of-jobs-heart-attack-report/#comments Fri, 24 Oct 2008 14:15:41 +0000 John Paczkowski http://digitaldaily.allthingsd.com/?p=7344 So that fraudulent “citizen journalism” report claiming Apple CEO Steve Jobs had been rushed to the hospital with severe chest pains and shortness of breath? The one that allegedly shaved about $4.8 billion off Apple’s market value after Silicon Alley Insider picked it up and published without verifying it? Securities and Exchange Commission investigators have tracked down its author and it’s not the short seller many had expected. It’s an 18-year-old with no clear motive, according to Bloomberg (ironically, the source of the Jobs obituary accidentally posted to news wires in late August). Which means the SEC may not have a case. “If the posting wasn’t directly related to the purchase or sale of a security, it’s questionable the SEC would have jurisdiction,” Michael Missal, a former enforcement lawyer told Bloomberg. “That’s not to say some other agency of the U.S. government couldn’t take action if it felt a law was violated.”

]]> http://digitaldaily.allthingsd.com/20081024/source-of-jobs-obituary-fingers-source-of-jobs-heart-attack-report/feed/ 0 Jerry Yang: Throne of Blood http://digitaldaily.allthingsd.com/20081016/jerry-yang-throne-of-blood/ http://digitaldaily.allthingsd.com/20081016/jerry-yang-throne-of-blood/#comments Thu, 16 Oct 2008 15:11:08 +0000 John Paczkowski http://digitaldaily.allthingsd.com/?p=6870 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, a little more than a third of Microsoft’s (MSFT) $31-per-share offer, which Yahoo CEO Jerry Yang claimed “massively undervalued” it, and almost a quarter of the $40-a-share valuation Yahoo believed it deserved.

Appalling. At $11.51, Yahoo’s (YHOO) stock price at this very moment, the company is trading at well below replacement value. “Spend $15 billion, and you could not build a new Yahoo today–not one with this global reach and brand,” Henry Blodget notes over at Silicon Alley Insider. “Wringing compelling upside out of the stock at $12 is not rocket science. At this price, it’s not even basic arithmetic. So we say again: Yahoo at $12 is ridiculous.”

Ridiculous, indeed. Perhaps the government will come along and offer Yahoo a nice $31-per-share bailout–you know, just to bolster investor confidence.

]]> http://digitaldaily.allthingsd.com/20081016/jerry-yang-throne-of-blood/feed/ 3