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AT&T to supercharge wireless network

Wed, 14 May 2008 16:31:14 -0600

Even though actual speeds of AT&Ts soon-to-be upgraded network will be a fraction of its 20 Mbps theoretical maximum it will be enough to delight iPhone users and compete with SprintClearwires WiMax network.

Source: CNET News

Facebook pulls stalker list tool after Gawker exposes it

Tue, 13 May 2008 14:16:15 -0600

Some users of the popular social-networking site panicked when the media gossip blog claimed it would show a list of the five people who visited a given members profile most frequently.

Source: CNET News

Yahoo Responds To Icahn Youre Wrong Were Crystal Clear

Thu, 15 May 2008 17:31:22 -0600

The Yahoo NSDQ YHOO boards response to Carl Icahn just came over the transom in the form of a letter from Roy Bostock chairman of the board. The gist Icahns take is wrong on the events leading to Microsofts NSDQ MSFT withdrawal of its bid so he should not be allowed to take over the board.Bostock Unfortunately your letter reflects a significant misunderstanding of the facts about the Microsoft proposal and the diligence with which our board evaluated and responded to that proposal. A fair-minded review of the factual record leads to one conclusion that Yahoo!s ten-member board comprised of nine independent directors along with Yahoo! CEO Jerry Yang remains the best and most qualified group to maximize value for all Yahoo! stockholders. Conversely we do not believe it is in the best interests of Yahoo! stockholders to allow you and your hand-picked nominees to take control of Yahoo! for the express purpose of trying to force a sale of Yahoo! to a formerly interested buyer who has publicly stated that they have moved on.Bostock reminds Icahn there is no offer on the table but insists we have been crystal clear in our stance that we have been and remain willing to consider any proposal from any party including Microsoft if it offers our stockholders full and certain value. The full text which can be found after the jump details the Yahoo version of the bid saga and concludes with a line that runs a tad counter to the rest We look forward to a productive dialogue. Icahns letter is here.Full text May 15 2008Dear Mr. IcahnWe are in receipt of your letter with regard to your intention to seek control of Yahoo!s board of directors.Unfortunately your letter reflects a significant misunderstanding of the facts about the Microsoft proposal and the diligence with which our board evaluated and responded to that proposal. A fair-minded review of the factual record leads to one conclusion that Yahoo!s ten-member board comprised of nine independent directors along with Yahoo! CEO Jerry Yang remains the best and most qualified group to maximize value for all Yahoo! stockholders.Conversely we do not believe it is in the best interests of Yahoo! stockholders to allow you and your hand-picked nominees to take control of Yahoo! for the express purpose of trying to force a sale of Yahoo! to a formerly interested buyer who has publicly stated that they have moved on. Please may I remind you that there is currently no acquisition offer on the table from that company or any other party. That said we have been crystal clear in our stance that we have been and remain willing to consider any proposal from any party including Microsoft if it offers our stockholders full and certain value.From the beginning of the process with Microsoft Yahoo!s independent directors focused on one central goal how best to maximize stockholder value. At all times directing this process Yahoo!s independent directors carefully considered Microsofts initial unsolicited proposal which was at the time valued at $31 per share. After considering input from its financial advisers the board unanimously concluded that Microsofts proposal significantly undervalued Yahoo! and was therefore not in the best interests of the company or our stockholders. While we rejected this offer publicly on February 11 2008 we could not have been more clear in that communication and in every subsequent communication both public and private that we were and are willing to enter into any transaction that would maximize value for stockholders and provide them certainty of value.The record of our efforts to engage Microsoft in meaningful discussions is unequivocal. Following receipt of Microsofts proposal on January 31 our board of directors has met over twenty times to review Microsofts proposal and Yahoo!s other strategic alternatives. Throughout this process our board kept an open mind and an open ear. Our independent directors met with several of our largest stockholders to solicit their views and to make it clear that Yahoo!s independent board is fully committed to maximizing stockholder value. In addition at the direction of our board our management team met with many of our investors to provide insight into Yahoo!s strategy and views on value.Our boards openness also extended to Microsoft. Without reciting all of the contacts between us and between our advisers the senior-most management of Yahoo! and Microsoft and the companies respective financial advisers spoke on numerous occasions and met in person seven times. During those meetings Yahoo! discussed its strategic objectives in search and display advertising monetization its perspectives on operating strategy and integration in a transaction with Microsoft its perspectives on transaction synergies and other non-price deal terms. Because certainty of closing is a critical issue we sought to understand Microsofts thinking with r

Source: paidContent

Bits Dreaming of an iPhone Keyboard as Good as a BlackBerrys

Thu, 15 May 2008 15:01:32 -0600

This summer both Apple and Research in Motion are expected to introduce new 3G smart phones which while stylistically different will compete ear-to-ear.

Source: NYTimes - Technology

Icahn Confirms Stake And Proxy Fight Sends Letter to Yahoo Board Pushing For Microsoft

Thu, 15 May 2008 07:31:20 -0600

Game on Carl Icahn has confirmed a 59 million share stake in Yahoo NSDQ YHOO and he plans to push for the marriage of it and Microsoft NSDQ MSFT according to a letter sent to the Yahoo board. In arguing the need to replace all 10 directors Icahn stated the board of directors of Yahoo has acted irrationally and lost the faith of shareholders. He has also reportedly asked the FTC for clearance to buy up to $2.5 billion worth of Yahoo shares. More to come via MarketWatch

Source: paidContent

Facebook suspends participation in Googles Friend Connect

Thu, 15 May 2008 13:16:15 -0600

Citing a terms of service violation and concerns about user privacy Facebook has opted to pull out of the data portability project until further developments are in place.

Source: CNET News

Cramer on the China Quake

Wed, 14 May 2008 11:31:01 -0600

The devestation is tremendous and the rebuilding will be huge.

Source: TheStreet

The 35 largest U.S. private companies

Wed, 14 May 2008 06:02:02 -0600

Some of the biggest names in business operate outside the public markets. Heres a look at the top players.

Source: Fortune Magazine

FloDesigns jet engine-inspired wind turbine win prizes

Thu, 15 May 2008 12:31:32 -0600

A start-up says its shrouded wind turbine can produce three to four times more power than traditional blade turbines.

Source: CNET News

Google overtakes Yahoo as most popular site comScore says

Wed, 14 May 2008 16:16:00 -0600

Google Inc. long dominant in the Internet search market has overtaken rival Yahoo Inc. as the most popular Web destination in the U.S. according to forthcoming data from research firm comScore Inc.

Source: MarketWatch