Valleywag

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Microsoft, Yahoo

stocks

Microsoft to Congress: Please get it together, you're making us nervous

Turns out the tech industry is not immune from the Wall Street meltdown. Apple stock dropped 16 percent yesterday. RIM, Google, Nokia and Yahoo share prices also saw double-digit drops. Yahoo shares hit a five-year low, down 10.8 percent to $16.88. Microsoft shares stayed less than five percent below the markets open until Congress failed to pass a bailout plan. The closed at $25.01, down 8.7 percent. The drop seems to have panicked Microsoft a bit, which did the only thing it could do when there was nothing for it to do: issue a statement. "Microsoft strongly urges members of the U.S. House of Representatives to reconsider and to support legislation that will re-instill confidence and stability in the financial markets," said Brad Smith, Microsoft's top lawyer. "This legislation is vitally important to the health and preservation of jobs in all sectors of the economy of Washington State and the nation, and we urge Congress to act swiftly." If it would help, we're certain Mr. Smith is willing to promise a cherry on top.

rumormonger

Microsoft-Yahoo-AOL threesome just a sad, sad fantasy

The fantasy that someone will buy AOL from Time Warner in a complicated deal is getting even AOL CEO Randy Falco hot and bothered. A tipster told Silicon Alley Insider that Falco recently fumed, "When is New York going to sell us?" And to whom? "Sources close to AOL" told VentureBeat's Matt Marshall that Microsoft plans to aquire both Yahoo and AOL after those companies merge. We planned to give you a 100-word version of Marshall's story, but seven paragraphs in, we realized it made no sense. More »

stocks

Forget Yahoo, Microsoft buys more Microsoft

Microsoft wanted to buy Yahoo for around $40 billion. That didn't work. Microsoft now plans to spend that much buying back stock, while it also increases its shareholder dividend by 18 percent. The company will take on as much as $6 billion in debt to pay for the buyback, which seems to rule out any major acquisition in the near term. Conveniently, the buyback also helps Microsoft founder Bill Gates with one of his biggest problems: selling his $20.3 billion stake in Microsoft in order to fund his nonprofit without killing the company's stock price. More »

hires

You don't have to be crazy to join Yahoo right now -- it just helps

Earlier this year, MSN exec Jeff Dossett climbed to the summit of Mount Everest in order to bring attention to the problem of AIDS and HIV in Africa. But now he's doing something really crazy. Dossett quit Microsoft last week and likely plans to join Yahoo, BoomTown reports. BoomTown's Kara Swisher notes that Dossett might be going because he's an old friend of fellow ex-Microsoft exec and new Yahoo exec Joanne Bradford. It's unclear what Dossett will do at Yahoo. At MSN, Dossett's job description labeled him as "the lead for audience, content and programming strategy and execution in the U.S," but apparently that was just his latest gig in a long line of online sales and strategy positions.Update: Dossett is not actually leaving Microsoft at all, Valleywag has now learned. That'd be crazy.

email

Yahoo dominates Sarah Palin's email contact list

Sometimes I hear people ask: "Who uses Yahoo Mail anymore?" The answer, of course, is just about everybody. ComScore puts the number at around 260 million people — far more than Google's 90 million. But statistics can feel abstract. Now that a 4chan reprobate has hacked into Alaska governor and "average hockey mom" Sarah Palin's private Yahoo email account and discovered, among other things, her contact list, we have a more concrete demonstration of Yahoo's dominance of Palin's decidedly down-home demographic. Here is a list contains six Yahoo addresses, an AOL address, a Hotmail address and exactly zero Gmail addresses. More »

rumormonger

Top Yahoo brain snubs Facebook for Microsoft

Qi Lu, Yahoo's top search scientist, has been rumored to be leaving the company since June. But he's only just recently disappeared from Yahoo's list of top executives. We hear he's taking a job at Microsoft. Microsoft, the land where Web talent goes to die? More »

search

The search engine wars in rhythm and rhyme

Pantless Knights Productions, the folks who brought you last year's sketch rap hit "Mac or PC," have released a new project — the Search Engine Rap Battle. Think Eminem's 8 Mile but with MC avatars for Microsoft, Yahoo and Google. Some of the rhymes, like MSN's takedown of Google at the end of the clip after the jump, are actually hilarious: "You might have users, but they'll soon be leavin ya / Cuz your search results say search Wikipedia." Even better are the costumes: Live Search in a skintight butterfly unitard, the Google propellerhead on a Segway and a rootin', tootin' cowboy from Yahoo. Instead of bribing people to use and promote Live Search or spending $300 million on meaningless television ads to "start a new kind of conversation," Microsoft should just hire these kids. More »

acquisitions

Electronic Arts gives Take-Two shareholders the Yahoo flu

Take-Two Interactive, the marketer of Grand Theft Auto and various sports videogames, has watched its stock price plummet to $16.99 on the news that Electronic Arts has decided to quit trying to buy the company for $26 a share. Much like Yahoo's drop after Microsoft took an offer off the table, Take-Two's shares are headed south of where they were when EA initially made an offer. I'm counting the days until a third company meets the same fate and I get to write the obligatory trend piece.

stocks

10 tech stocks to watch as Lehman disappears and AIG totters

When it became obvious over the weekend that investment bank Lehman Brothers would finally fail and that no one was going to rescue it, Merrill Lynch CEO John Thain realized the market's reaction today would tank his company as well. So Thain met with Kenneth Lewis, CEO of Bank of America, and the pair reached a deal to sell Merrill Lynch to Bank of America for $44 billion. Which is, you might recall, around the price Microsoft wanted to pay for Yahoo. Of course, that kind of offer won't be coming for Yahoo again any time soon. While not so severely or directly, Lehman Brothers' collapse and insurance giant AIG's tottering on the brink will affect your tech portfolio today. Before this morning's open the company's stock was already down 3.83 percent on premarket trading. Watch Yahoo and nine other tech stock's continuing destruction or — dare you hope? — miraculous resilience on live stock charts below. More »

antitrust

Microsoft is pushing reporters, ad agencies, and lawmakers on Google-Yahoo deal

The U.S. Justice Department has agreed to share documents with California attorney general Jerry Brown's office regarding a possible antitrust suit against Google. Both federal and state lawyers are targeting Google over its deal to sell some of Yahoo's search ads. California's investigation comes at the behest of state assemblyman Joel Anderson, who wrote in a letter to Brown's office: "We're talking about giving (Google and Yahoo) over 90 percent market share — nobody else on the Web has a database like that. Who can compete?" If Anderson's concern sounds familiar, its because in recent days big advertisers, small advertisers and federal lawyers have expressed similar concerns with similar wording. That's because it's all coming from the same source: Microsoft and its CEO Steve Ballmer, who's still bitter about Google blocking its Yahoo acquisition. Says one trade reporter also subject to the Seattle company's lobbying efforts: More »