Laughing off recent concerns about his health, a skinny–but energetic–Steve Jobs uncrated Apple’s latest hardware and software offerings this morning. Among them: iTunes 8 with HD, firmware updates for the iPod Touch and iPhone and a revamped line of iPods–including a new oval-shaped nano that is the thinnest iPod Apple has ever made.
So after months of negotiations and posturing, Microsoft has given up its efforts to buy Yahoo. And according to Yahoo CEO Jerry Yang, that’s good news.
Indeed, people close to Yahoo said that Yang and Co. greeted the withdrawal of Microsoft’s bid as a victory, with a celebratory exchange of high-fives.
Yahoo Inc. said today its fiscal fourth-quarter profit fell compared to the same period a year earlier, amid an ongoing reorganization.
Shares in the company tanked in after-hours trading as CEO Jerry Yang predicted a tough 2008. Said Yang, “While we will continue to face headwinds this year, we believe that the moves we are making will help us exit 2008 stronger and more competitive and return to higher levels of operating cash flow growth in 2009.”
Now how does Yahoo CEO Jerry Yang expect to create that “stronger culture of winning” that Yahoo so desperately needs with sad-sack pronouncements like those he made during a company conference in Half Moon Bay, Calif., yesterday? Being chief executive of Yahoo is “a lonely job,” said Yang. “It is a lonely job in the sense that you have to make some of the tough calls.”
We need to invest in areas that are most critical to our success and de-emphasize those that are underperforming or don’t match up with our priorities. There will be no sacred cows.”
–Yahoo CEO Jerry Yang, July 17
Jerry Yang’s abattoir slaughtered enough scared cows in Yahoo’s latest quarter to treat investors to a nice steak dinner. [...]
Sanford C. Bernstein analyst Jeffrey Lindsay appears to have finished Yahoo CEO Jerry Yang’s 100-day strategic review of the company for him. In a research report issued today, Lindsay suggested Yahoo divide itself into three businesses–display advertising, Web search and subscriptions–to bolster its valuation.
Split up in such a way, Yahoo would be worth nearly $39 [...]
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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