Jan 29/2008:
SAN FRANCISCO — Yahoo said that it would cut 1,000 jobs from its 14,300-member work force by mid-February in an effort to cut costs and focus on its most important businesses.
Yahoo said its fourth-quarter net income fell to $206 million, a 23-percent decline from $269 million in the same quarter a year ago, as the company continued to struggle to compete with Google and others.
http://www.nytimes.com/2008/01/29/technology/29cnd-yahoo.html?ex=1359349200&en=
2e2f7dd96529340c&ei=5088&partner=rssnyt&emc=rss
Feb 1 /2008:
Microsoft has proposed to acquire Yahoo! through an open letter sent by Steve Ballmer to Yahoo’s board of Directors. The deal will be valued at $44.6 billion in cash and stock. This deal breaks down to $31 per stock, providing a 62% premium to the current trading price of Yahoo’s stock ($19.18 as on thursday).
"We have great respect for Yahoo, and together we can offer an increasingly exciting set of solutions for consumers, publishers and advertisers while becoming better positioned to compete in the online services market," said Microsoft's chief executive officer Steve Ballmer.
"We believe our combination will deliver superior value to our respective shareholders and better choice and innovation to our customers and industry partners," Balmer said.
Words of a YAHOO employee.
"Everyone sees Microsoft as the big octopus from 20,000 Leagues under the Sea that wants to swallow everybody up"
http://www.ibnlive.com/news/will-microsoft-kill-the-fun-at-yodelling-yahoo/57996-7.html
Similarities between all three companies are Free email,Instant Messaging, Blogging, Portals, Photos, Social Networking.
Major difference is OS. But Google is building one. Following are believed to be screenshots of Google OS.
Most good pictures can be found at this site www.youritronics.com/2007/12/03/google-os- screenshots-or-just-a-big-joke/
Anyways i am waiting for Google OS release!!!!
Anyways i am waiting for Google OS release!!!!
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