Category Archives: Google

The iTunes Word Game Hit Wordle is Now Available to Android devices

GeniusWave announces Wordle for Android. The word play anagram game, is now available in over 10 Android App Stores Worldwide. The highly popular iTunes app brings the exciting and fast pace game that you can play solo or with a team, in three or thirty minutes to Android devices. The new version also enhances the 3500 puzzles and built in dictionary, making it even easier to pickup, play and learn. A great family game for both kids and adults, this anagram game comes with different levels and is quick to learn and play. Kids and adults alike build vocabulary, improve spelling and have some competitive fun along the way. Watch out, the challenge can be so addictive. Simply combine six letters on a shelf to make as many words as a player can build in three minutes.

“With the growth in popular of Android devices, we have had a lot of requests to bring the popular app to Android,” says Greg Dierickse, Founder and CMO at GeniusWave. Greg also adds, “We love the early reaction from our Android users, especially ones where Moms and kids have commented that is a much better use of time, than playing games where you destroy zombies, bunnies or birds. “Not only did we bring it Android we want to put the app in multiple stores, including stores worldwide. A worldwide availability also helps kids and adults learning English as a second language have access to a fun way to improve their vocabulary”, says Erwin Chiong, Founder and CTO at GeniusWave.

The key features of the game that users have fallen in love with:

Building a vocabulary is fun:

• Play 3500 puzzles and tens of thousands of words to help you build your vocabulary

• View definitions of words you are not familiar with

• Play for 3 minutes, 30 minutes or whenever a player has a spare moment. Games are saved automatically upon exiting or receiving a call

Instant family game or high score competition:

• Team up and play a fast round where ever players are: in the car, at a restaurant, or waiting in line

• Compete against online high scores, or share scores with Facebook friends

• Mix it up – play games that exercises the brain, not just destroying things. Wordplay gives a mental workout, builds vocabulary and helps achieve learning goals. Kids can work on spelling lists or those learning English as a second language, can enhnce their studies.

A mobile challenge:

• Built for mobile wordplay, players can easily play on the go, uses 3 or 30 minutes

• For people who like Sudoko, Soltaire, or Scabble, you’ll love how easy it is to squeeze a game in

• Don’t leave home without it, “I’m addicted, there’s nothing quite like the speed and excitement of a good, frenetic round of Wordle. I don’t leave my house without it” Heather R, Danville, CA.

Via EPR Network

Dexetra already has 5 Apps on iOS, 8 on Android, 3 on BlackBerry and 2 Apps on the Windows Phone7 marketplace

Dexetra, a burgeoning new application developer focusing on mobile software solutions, has announced the end to a very special and successful first year on April 1, 2011. The company founded on the principle of creating products that adds value to its users’ life, has gone a long way in accomplishing the targets it had set for itself. Dexetra already has 5 Apps on iOS, 8 on Android, 3 on BlackBerry and 2 Apps on the Windows Phone7 marketplace.

“As with any new age company, we also do believe that the value being offered to the end users should be the highest priority. Unless the motive is to help people enhance their life experience, success would, inevitably, be an elusive virtue” says Narayan Babu, CEO & CTO, Dexetra.

The company has industry giants to thank for; Google & Microsoft through the Biz spark Initiative. It was the Google Developer Challenge that made a group of techies to come together and form a team to come up path breaking and revolutionary product to lay claim to the honors. It was not long before the young entrepreneurs knew what was going to be the “Winner” Product: Friday. The goal was to help users remember their lives forever. “We thought since your smartphone would be the gadget that spends most the time with you, why not tap into it, to mine information. The App would log the info with minimal manual efforts. And later, here comes the best part, the user could ask questions in English and ‘Friday’ would give them accurate results. Another way to look at it? ‘Google search of your life’. A way to honor our motivators” Quotes Mr.Babu. It was not long before the founders were convinced that the Friday needed more attention and subsequently Dexetra was incorporated.

On this very special day, Dexetra has come up with its own way to show its gratitude towards the SmartPhone users. Dexetra is offering all its Paid Apps on iPhone and BlackBerry for Free. The price for the Android Apps would be set at the lowest permissible limit for an Android App.

iOS Apps:

SpeedSense :

http://itunes.apple.com/us/app/speedsense/id410507294?mt=8

 

TryCube 2:

http://itunes.apple.com/us/app/trycube-2-0/id395890524?mt=8&

 

SecureKeys:

http://itunes.apple.com/app/securekeys/id400653039?mt=8

 

Android:

SpeedSense Pro:

http://market.android.com/details?id=com.dex.speedsensepro

SecureKeys:

http://market.android.com/details?id=com.dex.util.securekeys&feature=search_result

 

SmokeSense: Smokers’ Ticker:

http://market.android.com/details?id=com.dex.smokeapp&feature=search_result

 

BlackBerry:

SecureKeys:

https://appworld.blackberry.com/webstore/content/17964?lang=

 

SpeedSense:

https://appworld.blackberry.com/webstore/content/14833

 

SpeedSense Plus:

http://appworld.blackberry.com/webstore/content/18963?lang=en

In addition to this, Dexetra is also launching its latest offering for Android (Mobillionaire). Mobillionaire is multiplayer strategy game. The company would be introducing this to the iOS in the near future. The company hopes the support would continue to grow even further and would be a motivating factor for Dexetra come up with more innovative products.

Via EPR Network

BlooSee Brings Web 2.0 to Ocean Lovers

BlooSee.com, a new, free Internet service, brings Web 2.0 to ocean lovers by allowing people from all over the world to map and share information about the ocean.BlooSee It’s a bit like wikipedia, but uses Google Earth/Maps imagery and a very intuitive interface. Also, BlooSee is a social network and it’s linked to other networks such as Facebook and Twitter.

BlooSee.com assigns a URL to each ocean or coastal location—which allows users to share information via social networks. “If I want to blog, Tweet, or Facebook about a movie or a book, I can link to a website. But what if I want to blog, Tweet, or Facebook about a seal pod, a snorkeling spot, or a dangerous rip current? Or what if I want to have conversations about the ocean using social networks? Now I can do all of the above with BlooSee”, said Manuel Maqueda, VP of Community and Strategy of BlooSee.

On BlooSee user contributions are called “infopoints,” which are bits of information shown on precise geographical coordinates over satellite images of the world’s oceans and coasts.Right now users can create 110 different types of infopoints on BlooSee. Some infopoints are navigation-related (e.g., lighthouses, harbors, and Coastguard stations) while others are related to water sports (e.g., surfing and snorkeling spots, or underwater caves). Sixteen types ofinfopoints are dedicated to dangers such as rip currents, uncharted underwater rocks, or pirate attacks. Other Infopoints are dedicated to marine art and history, such as museums, monuments, and historical sites.

The ocean is the largest ecosystem on the planet, and BlooSee is also a place where users can find protected natural areas, sea turtle nesting beaches, whale watching spots, and more.In addition, BlooSee is a place to share and find practical information, such as fuel docks, chandlers, restaurants, bait shops, surfing schools, and restaurants. According to Manuel Maqueda, “In a sense, BlooSee is ‘the Yelp of the sea,’ because it allows sea lovers to find and rate the businesses and services they need.”

The BlooSee social network is synched with Twitter and Facebook, allowing Twitter followers and Facebook friends to experience the users’ activity on BlooSee. BlooSee users retain total control over how they want their BlooSee activity to be broadcast.

According to Manuel Maqueda, “BlooSee is like having Wikipedia, Google Maps, Facebook, and Yelp all in one place, focused on the enjoyment, knowledge, and conservation of the ocean.”

BlooSee is in public beta and open to all users for free.

Via EPR Network

New Way to Acquire National Advertisers – MediaBids’ Per-Inquiry Print Advertising Program

MediaBids.com, the Newspaper and Magazine Advertising Marketplace, announced today that its revolutionary response-based print advertising program continues to grow by offering a non-conventional revenue source to newspapers and magazines during these difficult times for the print industry. Mediabids’ Per-Inquiry Advertising program provides newspapers and magazines with a unique way to acquire print advertising revenue from new, national, direct-response advertisers who have traditionally devoted most of their budgets to online advertising.

Since 2003, MediaBids has been working to make buying and selling print advertising easier. Its website, www.mediabids.com, has provided a unique marketplace for publications and advertisers to interact, using online tools to buy and sell print advertising space. As a result of growing demand by advertisers for a print advertising system that combines an easier way to place ads with a results-driven payment structure, MediaBids developed its Per-Inquiry Print Advertising Program .

MediaBids’ Per-Inquiry (PI) Print Advertising Program enables newspapers and magazines to run ads from a select group of national advertisers simply by filling out a form on the MediaBids website. These advertisers pay for their print advertising on a Per-Inquiry basis – meaning there is a fixed dollar amount they will pay for each lead or sale generated from their ads placed in newspapers & magazines. Current advertisers available for publications to choose from include: Vonage, Dish Network, Walkfit, Allcare, Tronix Country, Moscow Ballet, Inches-A-Weigh, Associated Tax Relief and more – a full list can be seen here: http://marketing.mediabids.com/pi/AllAdvertisers.html

MediaBids delivers creative to the publication for the requested advertiser – each ad has a response-tracking mechanism in place and publications are provided with reporting information. Currently, MediaBids has over 1,300 publications nationwide placing advertisements on a per-response basis.

“I have been extremely pleased with the Per-Inquiry ad program offered by MediaBids . It’s a fantastic way to create advertising revenue, as well as give our newspaper a continuing stream of new advertisers that come from efforts outside the traditional methods we use,” says Dave Gwiazdon, Associate Publisher, The Sacramento Union .  

“We’ve worked with thousands of print advertisers over the years who have echoed the same sentiment – it’s not the medium, it’s the method. Our advertisers love print advertising, some just don’t love the conventional way of buying. That’s where we hope our Per-Inquiry Advertising Program will come in – providing advertisers with a program that pairs tracking capabilities and a results-based payment structure with a medium that can deliver a unique level of response, branding and engagement,” says Jedd Gould, President, MediaBids.com .

Publications and advertisers can learn more about MediaBids’ Per-Inquiry Advertising Program by visiting: http://marketing.mediabids.com/pi/

The company claims it has over 4,600 U.S. print publications registered on MediaBids to use their online processes to sell ad space in their print editions. Publications can sell ad space via two primary online methods – a straight-sales option and a reverse advertising auction. In the straight-sale format, publications can simply post available advertising inventory for sale in the MediaBids marketplace which is then immediately available for advertisers to purchase. The patented reverse-auction method allows advertisers to place their advertising dollars up for bid using a simple online RFP auction form, and publications can then bid using their ad space as currency.

The company is known to have started back in 2003 and for just 5 years they have enrolled an impressive number of newspapers and paper magazines. The company says it has over 12,000 businesses registered on MediaBids.com that purchase advertising. The online ad networks and ad exchanges are huge business but the space is lately becoming overcrowded and the competition is fierce there and perhaps we will witness some serious reorganization and consolidation within the industry the next few years.

This story has been picked up from EPR Network.

More

http://www.mediabids.com/
http://express-press-release.net/47/MediaBids.com%20Adds%20Over%20325%20Newspapers%20&%20Magazines%20to%20Print%20Advertising%20Marketplace.php
http://express-press-release.net/12/Mediabids,%20the%20Only%20Online%20Print%20Ad%20Space%20Marketplace,%20Saves%20Client,%20Green%20River%20Prescription%20Assistance,%2082%20Percent%20On%20Newspaper%20Advertising%20Costs.php
http://express-press-release.net/45/MediaBids.com%20Conducts%206,500th%20Print%20Advertising%20Auction.php
http://express-press-release.net/50/MediaBids%27%20Per-Inquiry%20Print%20Advertising%20Program%20Provides%20Newspapers%20&%20Magazines%20with%20a%20New%20Way%20to%20Acquire%20National%20Advertisers.php

Microsoft – Yahoo saga seems to be over!

Well, after 3 months of negotiations, speculations and rumors the saga between Microsoft and Yahoo seems to be over, for now. Microsoft has formally withdrawn their offer to buy Yahoo while the second publicly declared a victory for the Web at all. While there are clearly no winners in this virtual war here is what the people at Microsoft have told Yahoo today.

“We continue to believe that our proposed acquisition made sense for Microsoft, Yahoo! and the market as a whole. Our goal in pursuing a combination with Yahoo! was to provide greater choice and innovation in the marketplace and create real value for our respective stockholders and employees,” said Steve Ballmer, chief executive officer of Microsoft.

“Despite our best efforts, including raising our bid by roughly $5 billion, Yahoo! has not moved toward accepting our offer. After careful consideration, we believe the economics demanded by Yahoo! do not make sense for us, and it is in the best interests of Microsoft stockholders, employees and other stakeholders to withdraw our proposal,” said Ballmer.

“We have a talented team in place and a compelling plan to grow our business through innovative new services and strategic transactions with other business partners. While Yahoo! would have accelerated our strategy, I am confident that we can continue to move forward toward our goals,” Ballmer said.

“We are investing heavily in new tools and Web experiences, we have dramatically improved our search performance and advertiser satisfaction, and we will continue to build our scale through organic growth and partnerships,” said Kevin Johnson, Microsoft president for platforms and services.

On the other side here is Yahoo’s response to Microsoft

“We remain focused on maximizing shareholder value and pursuing strategic opportunities that position Yahoo! for success and leadership in its markets. From the beginning of this process, our independent board and our management have been steadfast in our belief that Microsoft’s offer undervalued the company and we are pleased that so many of our shareholders joined us in expressing that view. Yahoo! is profitable, growing, and executing well on its strategic plan to capture the large opportunities in the relatively young online advertising market. Our solid results for the first quarter of 2008 and increased full year 2008 operating cash flow outlook reflect the progress the company is making. Today, Yahoo! has:

– a refined strategic focus to drive enhanced volume and yield;

– reorganized to focus its efforts on its most promising products and services;

– invested in innovations designed to revolutionize display advertising and facilitate closing the competitive gap in search; and

– enhanced expense and resource management to support improved profitability.”

Jerry Yang, co-founder and chief executive officer, Yahoo! Inc. added, “I am incredibly proud of the way our team has come together over the last three months. This process has underscored our unique and valuable strategic position. With the distraction of Microsoft’s unsolicited proposal now behind us, we will be able to focus all of our energies on executing the most important transition in our history so that we can maximize our potential to the benefit of our shareholders, employees, partners and users.”

The simple truth is that Microsoft has definitely been hurt on its image and is walking out from this with serious dose of frustration. As to Yahoo they will surely take a serious hit by the stock market, their market capitalization will be big time hurt and they are probably going to become an easy pray to private equity players. There are all signs to believe that Microsoft will eventually return for Yahoo when time comes and the valuations are less. Rumors have it that Yahoo might eventually pursue a merger with AOL. Teaming up with Google is not an option. Aside having anti-trust implications it might also hurt their Panama advertising strategy on the long term run. 

Really more from MS/Yahoo’s saga

http://www.microsoft.com/presspass/press/2008/may08/05-03letter.mspx
http://yhoo.client.shareholder.com/press/releasedetail.cfm?ReleaseID=308131
http://webinsider.blogspot.com/2008/05/microsoft-cancelled-bid-for-yahoo-why.html
http://blog.pmarca.com/2008/05/examining-micro.html
http://www.techcrunch.com/2008/05/03/yahoos-tough-week-ahead/
http://www.techcrunch.com/2008/05/03/yahoo-responds/
http://www.techcrunch.com/2008/03/29/yahoos-new-rock-star-retention-program/
http://www.techcrunch.com/2008/05/03/breaking-microsoft-walks/
http://mashable.com/2008/05/03/breaking-microsoft-corporation-rescinds-offer-for-yahoo-inc/
http://venturebeat.com/2008/05/03/yahoo-breaks-the-wrist-microsoft-walks-away/
http://www.centernetworks.com/microsoft-yahoo-aol
http://web2innovations.com/money/2008/04/03/despite-rumors-microsoft-is-highly-unlikely-to-increase-its-bid-for-yahoo/
http://online.wsj.com/article/SB120701820580579519.html?mod=googlenews_wsj
http://web2innovations.com/money/2008/03/26/yahoo-shares-up-44-on-rumors-microsoft-will-increase-the-bid-to-34/
http://www.techcrunch.com/2008/03/25/citigroup-raises-yahoo-target-to-34-based-on-revised-microsoft-bid/
http://www.infoworld.com/article/08/03/25/Citigroup-says-Microsoft-likely-to-raise-bid-for-Yahoo_1.html
http://finance.yahoo.com/q?s=MSFT
http://finance.yahoo.com/q?s=yhoo
http://uk.reuters.com/article/technology-media-telco-SP/idUKN1819990520080219
http://news.zdnet.com/2100-9588_22-6231021.html
http://mashable.com/2008/02/18/bill-gates-were-not-raising-the-yahoo-bid/
http://web2innovations.com/money/2008/02/01/yes-we-were-right-yahoo-was-seriously-undervalued-microsoft-offers-446b-for-the-company-a-62-premium-over-their-value-from-yesterday/
http://web2innovations.com/money/2008/02/02/is-google-going-to-be-the-winner-from-the-microsoft-yahoo-deal/
http://web2innovations.com/money/2008/02/04/google%e2%80%99s-chief-legal-officer-vs-microsoft%e2%80%99s-general-counsel/
http://web2innovations.com/money/2008/02/08/one-after-another-the-potential-competitive-bidders-for-yahoo-drop-off-is-yahoo-going-to-surrender-to-microsoft/
http://web2innovations.com/money/2008/02/09/end-of-speculations-yahoo-rejected-microsoft%e2%80%99s-offer/
http://web2innovations.com/money/2008/02/11/yahoo%e2%80%99s-official-response-to-microsoft%e2%80%99s-offer-no/
http://web2innovations.com/money/2008/02/12/and-here-is-what-microsoft-has-to-tell-yahoo/
http://biz.yahoo.com/prnews/080211/aqm241.html
http://finance.yahoo.com/q?d=t&s=msft
http://money.cnn.com/2008/02/09/magazines/fortune/yahoo_rejects_bid_report.fortune/?postversion=2008020914
http://www.ft.com/cms/s/0/fffc1006-d5e8-11dc-bbb2-0000779fd2ac.html?nclick_check=1
http://blogs.barrons.com/techtraderdaily/2008/02/05/yahoo-the-five-scenario-analysis/
http://www.techcrunch.com/2008/02/08/yahoo-board-to-determine-fate-of-company-today/
http://www.techmeme.com/080201/p78#a080201p78
http://www.mercurynews.com/ci_8149194
http://www.businessweek.com/technology/content/feb2008/tc2008021_885192.htm?chan=rss_topStories_ssi_5
http://www.washingtonpost.com/wp-dyn/content/article/2008/02/02/AR2008020200568.html
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/02/02/MN8OUQGNB.DTL&type=tech
http://kara.allthingsd.com/20080201/microsoft-to-yahoo-two-days-to-respond-or-else/
http://www.alleyinsider.com/2008/02/hold-everything-we-may-get-another-yhoo-bidder.html
http://www.techcrunch.com/2008/02/01/what-would-a-combined-microsoft-yahoo-look-like/
http://www.techcrunch.com/2008/02/01/ballmers-internal-e-mail-to-the-troops-explaining-the-yahoo-acquisition/
http://www.techcrunch.com/2008/02/02/news-corp-scrambles-to-bid-for-yahoo/
http://www.alleyinsider.com/2008/02/microsoft-yahoo-combined-financials.html
http://www.informationweek.com/news/showArticle.jhtml?articleID=206107168
http://mashable.com/2008/02/10/yahoo-aol-merger/
http://www.techcrunch.com/2008/02/10/wait-yahoo-and-aol-i-was-looking-forward-to-something-moreintelligent/
http://www.techcrunch.com/2008/02/09/microsofts-80-billion-and-growing-yahoo-headache/
http://web2innovations.com/money/2008/02/09/end-of-speculations-yahoo-rejected-microsoft%e2%80%99s-offer

Despite rumors Microsoft is highly unlikely to increase its bid for Yahoo

When last week we wrote about Yahoo’s shares going up on rumors that Microsoft is going to increase their bid for the Internet giant it seems those rumors were not very accurate. This week Microsoft gave Yahoo a very strong signal it won’t happen.

Sources “close to the company” tell the Wall Street Journal that Microsoft is standing firm on its initial offer of $31 a share (which has now declined in value, in step with Microsoft’s stock price, from $44.6B to about $42B).

“There’s no reason to bid against ourselves,” one of these people said.

Microsoft’s strategists believe that time is on their side, the people close to the company say. The strategists argue that Yahoo’s recent roadshow failed to dazzle investors and nothing in its presentations will justify a higher price, the people say. In addition, the strategists argue that the worsening economic downturn and stock-market weakness make the original bid look even more generous.

The WSJ is also saying that Microsoft won’t reveal its alternate slate of directors until it has to—and that won’t be until ten days after Yahoo announces the date of its 2008 shareholders meeting, which it has yet to do.

Despite the fact those rumors were the reason behind Yahoo’s recent increase in their share price with 4.4% to $28.73 the company’s stock price did not fall much on today’s trade and remained close to $28 compared to the moment the rumors were broadcasted publicly.

Really more from MS/Yahoo’s saga

http://online.wsj.com/article/SB120701820580579519.html?mod=googlenews_wsj
http://web2innovations.com/money/2008/03/26/yahoo-shares-up-44-on-rumors-microsoft-will-increase-the-bid-to-34/
http://www.techcrunch.com/2008/03/25/citigroup-raises-yahoo-target-to-34-based-on-revised-microsoft-bid/
http://www.infoworld.com/article/08/03/25/Citigroup-says-Microsoft-likely-to-raise-bid-for-Yahoo_1.html
http://finance.yahoo.com/q?s=MSFT
http://finance.yahoo.com/q?s=yhoo
http://uk.reuters.com/article/technology-media-telco-SP/idUKN1819990520080219
http://news.zdnet.com/2100-9588_22-6231021.html
http://mashable.com/2008/02/18/bill-gates-were-not-raising-the-yahoo-bid/
http://web2innovations.com/money/2008/02/01/yes-we-were-right-yahoo-was-seriously-undervalued-microsoft-offers-446b-for-the-company-a-62-premium-over-their-value-from-yesterday/
http://web2innovations.com/money/2008/02/02/is-google-going-to-be-the-winner-from-the-microsoft-yahoo-deal/
http://web2innovations.com/money/2008/02/04/google%e2%80%99s-chief-legal-officer-vs-microsoft%e2%80%99s-general-counsel/
http://web2innovations.com/money/2008/02/08/one-after-another-the-potential-competitive-bidders-for-yahoo-drop-off-is-yahoo-going-to-surrender-to-microsoft/
http://web2innovations.com/money/2008/02/09/end-of-speculations-yahoo-rejected-microsoft%e2%80%99s-offer/
http://web2innovations.com/money/2008/02/11/yahoo%e2%80%99s-official-response-to-microsoft%e2%80%99s-offer-no/
http://web2innovations.com/money/2008/02/12/and-here-is-what-microsoft-has-to-tell-yahoo/
http://biz.yahoo.com/prnews/080211/aqm241.html
http://finance.yahoo.com/q?d=t&s=msft
http://money.cnn.com/2008/02/09/magazines/fortune/yahoo_rejects_bid_report.fortune/?postversion=2008020914
http://www.ft.com/cms/s/0/fffc1006-d5e8-11dc-bbb2-0000779fd2ac.html?nclick_check=1
http://blogs.barrons.com/techtraderdaily/2008/02/05/yahoo-the-five-scenario-analysis/
http://www.techcrunch.com/2008/02/08/yahoo-board-to-determine-fate-of-company-today/
http://www.techmeme.com/080201/p78#a080201p78
http://www.mercurynews.com/ci_8149194
http://www.businessweek.com/technology/content/feb2008/tc2008021_885192.htm?chan=rss_topStories_ssi_5
http://www.washingtonpost.com/wp-dyn/content/article/2008/02/02/AR2008020200568.html
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/02/02/MN8OUQGNB.DTL&type=tech
http://kara.allthingsd.com/20080201/microsoft-to-yahoo-two-days-to-respond-or-else/
http://www.alleyinsider.com/2008/02/hold-everything-we-may-get-another-yhoo-bidder.html
http://www.techcrunch.com/2008/02/01/what-would-a-combined-microsoft-yahoo-look-like/
http://www.techcrunch.com/2008/02/01/ballmers-internal-e-mail-to-the-troops-explaining-the-yahoo-acquisition/
http://www.techcrunch.com/2008/02/02/news-corp-scrambles-to-bid-for-yahoo/
http://www.alleyinsider.com/2008/02/microsoft-yahoo-combined-financials.html
http://www.informationweek.com/news/showArticle.jhtml?articleID=206107168
http://mashable.com/2008/02/10/yahoo-aol-merger/
http://www.techcrunch.com/2008/02/10/wait-yahoo-and-aol-i-was-looking-forward-to-something-moreintelligent/
http://www.techcrunch.com/2008/02/09/microsofts-80-billion-and-growing-yahoo-headache/
http://web2innovations.com/money/2008/02/09/end-of-speculations-yahoo-rejected-microsoft%e2%80%99s-offer
 

Yahoo shares up 4.4% on rumors Microsoft will increase the bid to $34

To make a long story short a Citigroup Investment Research analyst believes that rather than let the deal fall apart, Microsoft will increase its buyout offer for Yahoo. Citigroup has raised its Yahoo price target to $34 per share based on their belief that Microsoft will revise its takeover offer. The guy is named Mark Mahaney and he said “We believe that a Yahoo sale to Microsoft — at a price higher than the initial $31 bid is the most likely outcome”.

On those rumors and others Yahoo shares closed at $28.73 Tuesday, which is up 4.4%.

Mahaney also said Microsoft is yet to make significant inroads in the area of online advertising, especially against market leader Google, despite efforts to do so for the past three to four years. The only way Microsoft could compete with Google would be to acquire Yahoo, the analyst said.

It was also said Yahoo keeps on aggressively pursuing other alternatives to Microsoft’s unsolicited takeover bid, although there are no any other competing bidders for the company at this time. Rumored possibility is Time Warner, but analysts are saying it is more likely to force Microsoft increase its bid rather than ending up in a deal with Yahoo.

Really more

http://www.techcrunch.com/2008/03/25/citigroup-raises-yahoo-target-to-34-based-on-revised-microsoft-bid/
http://www.infoworld.com/article/08/03/25/Citigroup-says-Microsoft-likely-to-raise-bid-for-Yahoo_1.html
http://finance.yahoo.com/q?s=MSFT
http://finance.yahoo.com/q?s=yhoo
http://uk.reuters.com/article/technology-media-telco-SP/idUKN1819990520080219
http://news.zdnet.com/2100-9588_22-6231021.html
http://mashable.com/2008/02/18/bill-gates-were-not-raising-the-yahoo-bid/
http://web2innovations.com/money/2008/02/01/yes-we-were-right-yahoo-was-seriously-undervalued-microsoft-offers-446b-for-the-company-a-62-premium-over-their-value-from-yesterday/
http://web2innovations.com/money/2008/02/02/is-google-going-to-be-the-winner-from-the-microsoft-yahoo-deal/
http://web2innovations.com/money/2008/02/04/google%e2%80%99s-chief-legal-officer-vs-microsoft%e2%80%99s-general-counsel/
http://web2innovations.com/money/2008/02/08/one-after-another-the-potential-competitive-bidders-for-yahoo-drop-off-is-yahoo-going-to-surrender-to-microsoft/
http://web2innovations.com/money/2008/02/09/end-of-speculations-yahoo-rejected-microsoft%e2%80%99s-offer/
http://web2innovations.com/money/2008/02/11/yahoo%e2%80%99s-official-response-to-microsoft%e2%80%99s-offer-no/
http://web2innovations.com/money/2008/02/12/and-here-is-what-microsoft-has-to-tell-yahoo/
http://biz.yahoo.com/prnews/080211/aqm241.html
http://finance.yahoo.com/q?d=t&s=msft
http://money.cnn.com/2008/02/09/magazines/fortune/yahoo_rejects_bid_report.fortune/?postversion=2008020914
http://www.ft.com/cms/s/0/fffc1006-d5e8-11dc-bbb2-0000779fd2ac.html?nclick_check=1
http://blogs.barrons.com/techtraderdaily/2008/02/05/yahoo-the-five-scenario-analysis/
http://www.techcrunch.com/2008/02/08/yahoo-board-to-determine-fate-of-company-today/
http://www.techmeme.com/080201/p78#a080201p78
http://www.mercurynews.com/ci_8149194
http://www.businessweek.com/technology/content/feb2008/tc2008021_885192.htm?chan=rss_topStories_ssi_5
http://www.washingtonpost.com/wp-dyn/content/article/2008/02/02/AR2008020200568.html
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/02/02/MN8OUQGNB.DTL&type=tech
http://kara.allthingsd.com/20080201/microsoft-to-yahoo-two-days-to-respond-or-else/
http://www.alleyinsider.com/2008/02/hold-everything-we-may-get-another-yhoo-bidder.html
http://www.techcrunch.com/2008/02/01/what-would-a-combined-microsoft-yahoo-look-like/
http://www.techcrunch.com/2008/02/01/ballmers-internal-e-mail-to-the-troops-explaining-the-yahoo-acquisition/
http://www.techcrunch.com/2008/02/02/news-corp-scrambles-to-bid-for-yahoo/
http://www.alleyinsider.com/2008/02/microsoft-yahoo-combined-financials.html
http://www.informationweek.com/news/showArticle.jhtml?articleID=206107168
http://mashable.com/2008/02/10/yahoo-aol-merger/
http://www.techcrunch.com/2008/02/10/wait-yahoo-and-aol-i-was-looking-forward-to-something-moreintelligent/
http://www.techcrunch.com/2008/02/09/microsofts-80-billion-and-growing-yahoo-headache/
http://web2innovations.com/money/2008/02/09/end-of-speculations-yahoo-rejected-microsoft%e2%80%99s-offer

The modern Boo.com and pets.com

Just like their ancestors Boo.com and pets.com during the dot com boom times companies like Geosign and Capazoo have also spent huge amounts of money in no time and reached nothing but grand failures. But unlike those dot com stars from the past, which at least had serious business models, their modern equivalents from the web 2.0 times can barely be called real businesses.

Under no doubt the most prominent case from the past days is the $160M funding GeoSign took last year and spent in less than a year going belly up. The major lesson learned here is that the click/search arbitrage is dead. If you don’t believe us take a look at GeoSign today. Let’s put it that way Google killed them, and for reason. Given the amount of money flowing to Google, most in Geosign thought the search engine would turn a blind eye, but as it turned out Google is more concerned for its legitimate advertisers and that users would lose interest and faith in the online ad system, if more practices like the one GeoSign kept on exploiting spread across the web than earning several millions of companies like GeoSign.

The media and the bloggers called it that way: “A record $160-million VC investment. A rich Web strategy. A quirky founder. For a few weeks last spring, Guelph, Ont.’s Geosign had it all. Then mighty Google stirred. And it was over.” Now one understands why this company was so quiet over the past year despite the fact it took what is called the biggest ever venture capital funding for a technology company based in Canada.

What is anyway click/search arbitrage?

Essentially, search arbitrage involves an individual or company buying Internet traffic through the acquisition of keywords from Google, then sending viewers who click on the ad links to a site (“landing page” in Google terminology) that appears to have content, but is actually just full of online advertising linked to the original search term. Anyone clicking an ad link there makes money for the keyword holder. For example, a company might bid for the Google rights to the phrase “small town car sales” and send traffic to a website it controls, filled with more car advertisements, called “Alltheautomotive.com.” The keyword cost only 20¢, while a click on the advertising on the website might yield $1.50 return. According to Niki Scevak, an analyst at Jupiter Research in New York, the majority of those initially involved in search arbitrage were small players. “These were guys running search arbitrage out of their basements, making maybe $20,000 a month,” he says.

One of them, it seems, was Geosign. Former Geosign insiders who spoke on the condition of anonymity confirm that the possibility of a big payoff in search arbitrage caught Nye’s attention after he created Geosign. What’s more, he envisioned a network of thousands of websites all automated by software linking keywords to pages filled with ads, returning millions in cash in the process.

By 2005 that was exactly what was happening. Nye crafted a maze of Internet sites that included tens of thousands of Web pages and bought up even more keywords from Google. By connecting the keywords and the websites, Geosign was indeed generating more than $100 million in annual revenue and was extremely profitable. To put a value on the company at this time, analyst Scevak points to Marchex Inc., a publicly traded company in Seattle, Wash., with a comparable business model. At its peak in 2006, Marchex had a market capitalization of US$500 million.

The change in atmosphere had everything to do with measures that Google was taking to rein in those doing search arbitrage. This action was a response to two main concerns. First, that the practice was becoming so widespread, it was hurting legitimate advertisers by artificially inflating keyword prices. And second, that if too many keyword-targeted ad links only took users to pages filled with other ads, that users would lose interest and faith in the online ad system. Obviously, with advertising revenue being the key to Google’s finances, it had to respond. It did so by expanding the terms of service for its AdSense program (published on its website) to place greater restrictions on the way links could be used and by spelling out detailed landing page and site quality guidelines. A top priority there: relevant and original content. By these standards, a landing page full of ads is inadequate – as this text in its current guideline explains: “Provide substantial information. If your ad does link to a page consisting mostly of ads or general search results (such as a directory or catalog page), provide additional, unique content.” Since most companies doing search arbitrage bought both their keywords and landing page ads through Google, it was easy for the company to isolate and monitor them. Non-compliant parties risked being banned from the AdSense program. A simpler tactic, however, saw Google target those abusing the process, raising their fees and making it too costly to continue.

The end came suddenly, well before GeoSign to change the direction of its business. Google had started to look more closely at companies like Geosign, which were buying keywords from Google and ad links from Yahoo! or another provider. And soon Geosign got word that Google would now begin penalizing its Web pages that had “a low landing page quality score” – that is, lots of ads and little or no original content. While Google won’t comment specifically about Geosign, sources say it raised the prices it charged Geosign for keywords overnight. “When Google ‘shuts you down,’ that isn’t exactly what they do,” explains Jupiter’s Scevak. “Instead, what they do is start charging you $50 for what they were charging 10¢ for previously. They make the model financially unfeasible.”

GeoSign’s website is already taken down and is no longer publicly accessible.

The second popular crash down case from the last week is the one of Capazoo.

Capazoo is also based in Canada and is labeled a social networking site. The site has taken $25M in several rounds to date, which as it seems, have also been spent over the past 12 months before the company’s failure. But this is not the only interesting thing  in the story. After firing most of its staff leaving only one sysadmin to keep the site alive and put its offices up for rent some more horrible stories from ex-employees appeared publicly.

It seems that the brothers Michel Verville and Luc Verville (the company’s founders) have had fighting in court for control over the company. Another rumor goes that that the brothers embezzled money from the company. Simply put the guys were taking commissions in the 10% range from all money invested in their company. Capazoo’s $25 million was initially listed as only being “private funding” but more recently National Lampoon became an investor.

Techcrunch has some insider information as listed below:

They did the first round ($8 million) at $72 million pre-money from a bunch of athletes and non-sophisticated angels at $100k-$200k chunks. Most of them didn’t know that management was taking 10% commission themselves (despite owning all the common shares) for all funds raised.

They then raised another $5-10 million (conflicting rumors) at a $132 million pre-money, while still taking commissions. The two brothers took almost $2 million out of the company before reaching more then 10K users and ballooned the staff to 130 staff before starting to do layoffs.

Capazoo’s site is still alive as we last checked it out but for how long one sysadmin can keep it that way?

Well, compared to the 2 cases from above the next one seems relatively small, yet it worth mentioning due to the fact that it seems the founder of that company Lee Wilkins did not pay his employees from Bulgarian, Romania and Russia.

The company name is MyKinda and was a blog network focused on the Eastern European market covering various topics like politics, entertainment, business, among other topics. 

The network is said to have launched just last September and today they are already out of business. Lee Wilkins said the shutdown is temporary to ensure that money due to writers doesn’t continue to add up. The sites will remain down until, he says, “we redefine a more profitable sustainable business model.” The company had total expenses of about €319,000, with no advertising revenue to offset it. Lee Wilkins capitalized the company with €175,000, leaving €144,000 or so in unpaid debts.

Today was the first day in several years where the failure stories were more than the funding deals. In fact we bookmarked 3 funding deals for today so it appears the number is equal.

More

http://www.geosign.com/
http://www.capazoo.com/
http://www.mykinda.com/
http://www.techcrunch.com/2008/03/18/how-geosign-blew-160-million/
http://www.financialpost.com/magazine/story.html?id=324817
http://seoblackhat.com/2008/03/18/they-were-flyin-high-then-google-stirred/
http://www.techcrunch.com/2008/03/19/capazoo-blows-25-million-heading-to-the-deadpool/
http://www.techcrunch.com/2008/02/29/blog-network-mykinda-to-shut-down-today/
http://www.techcrunch.com/2007/12/18/national-lampoon-takes-stake-in-capazoo/
http://www.techcrunch.com/2007/12/10/capazoo-wants-to-pay-you-for-your-social-networking-time/
http://www.canada.com/montrealgazette/news/business/story.html?id=474dae19-551c-4460-9359-328c570fc36c
http://montrealtechwatch.com/2008/03/19/capazoo-lays-off-60-shops-itself/
http://communities.canada.com/MONTREALGAZETTE/blogs/tech/archive/2008/03/18/r-i-p-capazoo.aspx
http://www.techcrunch.com/2007/11/05/mykinda-blog-network-for-eastern-europe-launches-amid-serious-drama/

A new way to build your Google Maps

These days we came across a tiny French based company called Click2Map that is providing an interesting editor for creating mash-ups with Google Maps. You can there create fully customizable interactive professional online maps from existing data and the editor also offers database and template functionalities. They have just added a powerful template system coupled with a highly versatile database engine that allows professional users to store data and use it wherever they need to in fully customizable templates.

The Metz, France based Click2Map is a powerful online mapping application published by the Click2Map company. Click2Map puts all the power of Web 2.0 at the service of its users: its familiar point-and-click interface makes creating and sharing interactive online maps a snap. Everyone can now create rich and customized online maps without writing a single line of code!

Click2Map’s editor allows users to create markers and POIs using a familiar application environment and provides convenient access to existing markers. Advanced users appreciate the possibility to create an unlimited number of maps including unlimited numbers of markers and optional groups.

Importing groups and markers now takes another dimension with the possibility to use variables extensively: all the information stored in your personal database can now be inserted wherever needed in each and every marker thanks to Click2Map’s dynamic variable engine! No matter how many personal data categories and fields, Click2Map automatically generates the corresponding variables that you can instantly use: creating large quantities of personalized markers has never been easier!

Click2Map’s enhanced import/export system provides an efficient means to integrate existing data into online maps and to exchange information with third party applications. The recent addition of an exclusive statistic engine helps professionals track their maps’ consultations and the way they’re used by visitors: the popularity of each map and marker can now be tracked in real time.

By allowing companies to create fully customized online Google Maps based on their existing data, Click2Map provides them with unprecedented means of promoting their business online.

Click2Map SARL is a leading French provider of GeoWeb Solutions. Click2Map is its flagship product, an easy to use online application to create, manage and publish online professional maps without any knowledge of programming. Click2Map SARL also provides full technical support and customization of its Click2Map Editor and Maps Generator.

Story was picked up from EPR Network.

More

http://www.click2map.com/
http://blog.click2map.com/
http://wiki.click2map.com/
http://express-press-release.com/47/Click2Map%20Adds%20Template%20and%20Database%20Features%20to%20Google%20Maps.php

Is MediaBids.com an alternative of Google’s AdWords?

MediaBids.com, the Newspaper and Magazine Advertising Marketplace, has recently announced the addition of over 325 new newspapers and magazines to its print advertising marketplace so far in 2008, which much or less attracted out attention.

The company claims it has over 4,600 U.S. print publications registered on MediaBids to use their online processes to sell ad space in their print editions. Publications can sell ad space via two primary online methods – a straight-sales option and a reverse advertising auction. In the straight-sale format, publications can simply post available advertising inventory for sale in the MediaBids marketplace which is then immediately available for advertisers to purchase. The patented reverse-auction method allows advertisers to place their advertising dollars up for bid using a simple online RFP auction form, and publications can then bid using their ad space as currency.

The company is known to have started back in 2003 and for just 5 years they have enrolled an impressive number of newspapers and paper magazines. One may ask is this marketplace represents an alternative of the contextual ads Google offers through its AdWords program? Google is the ultimate online ads monopoly so it might be good there are such alternatives beyond the web ads. The company says it has over 12,000 businesses registered on MediaBids.com that purchase advertising, which is still a fraction from what Google AdWords has as a number of unique advertisers but MediaBids takes a different direction and that might be their major differentiator from the competition to distinguish themselves in the ad business. The online ad networks and ad exchanges are huge business but the space is lately becoming overcrowded and the competition is fierce there and perhaps we will witness some serious reorganization and consolidation within the industry this and next year.

MediaBids has no charge associated with registering a publication, posting ad space for sale or bidding on auctions.

“It’s exciting to see publications embrace MediaBids’ advertising marketplace, with the addition of more than 325 publications in the first two months of 2008. We hope to continue this rapid rate of growth throughout the remainder of the year.” said June Peterson, Director of Media Relations at MediaBids.com.

More about MediaBids

MediaBids.com is the premier marketplace for buying and selling print advertising. Advertisers and publications can interact to buy and sell advertising in a wide-variety of print media (newspapers, magazines, journals, directories, shoppers, newsletters, trade magazines, college newspapers and direct mail) using patented online tools.

Available Print Buying & Selling Tools
Advertiser Auctions – Advertiser auctions provide a platform from which advertisers can initiate a RFP (Request for Proposal) outlining their print advertising needs. Publications can place “bids” of ad space on the advertiser auction, which advertisers can then purchase. Insertion orders are issued to both parties after a transaction has occurred. The identities of advertisers and publications are known only to participating parties.

Ad Space Offers – Ad-space offers are advertising opportunities posted by publications on MediaBids.com that are available for immediate purchase. Offers can include rate-card pricing, last-minute remnant opportunities, added-value incentives or significant discounts. Advertisers can create a list of “Favorite Publications” from which they can choose to receive e-mail alerts notifying them of new advertising opportunities.

Traditional Media Buying – MediaBids works with publications both online and offline to ensure advertisers create and execute print advertising campaigns in the right publications at the right price.

How We Started
MediaBids, The Newspaper and Magazine Advertising Marketplace, was founded in Winsted, CT in 1999 to allow print publications to broaden their market reach in a cost effective way while giving advertisers a web-based system to purchase advertising in a competitive environment.

Since its online launch in 2003, MediaBids.com has become the leading online print advertising marketplace, bringing together more than 4,500 publications and 12,000 businesses on its web site. MediaBids’ easy-to-use platform has attracted a wide range of users, from small sole proprietorships to large national corporations.

Mission & Vision
MediaBids aims to simplify and streamline the print advertising process by providing a website that both centralizes relevant publication information and provides tools that enable both buyers and sellers of ad space to conduct transactions more efficiently. MediaBids’ vision is that with these tools, advertisers will increasingly view newspapers and magazines as a choice medium to promote their products and services – thus allowing newspapers and magazines to continue to be a viable information and social resource for our communities.

This story has been picked up from EPR Network.

More

http://www.mediabids.com/
http://express-press-release.net/47/MediaBids.com%20Adds%20Over%20325%20Newspapers%20&%20Magazines%20to%20Print%20Advertising%20Marketplace.php
http://express-press-release.net/12/Mediabids,%20the%20Only%20Online%20Print%20Ad%20Space%20Marketplace,%20Saves%20Client,%20Green%20River%20Prescription%20Assistance,%2082%20Percent%20On%20Newspaper%20Advertising%20Costs.php
http://express-press-release.net/45/MediaBids.com%20Conducts%206,500th%20Print%20Advertising%20Auction.php

Are Digg’s users the real reason nobody buys them?

While reading over our daily dose of web 2.0 news and stories across our favorite technology blogs, we came across a very interesting theory being discussed on a few of these blogs.

Based on what we have read, and understood, it might turn out that Digg has a track record of surrendering to the mob when things get really bad. Giving control of its users to what shows up on their home page as a story or news is perhaps what made Digg popular but ironically it plays, with the same degree, a very negative role in Digg’s attempt to sell itself out. While the rumors are spreading around Web that potential buyer of Digg might be Microsoft (although they decline that) angry digg users are taking on the site with the promise they never return to it if the Redmond’s giant gets its hands on the popular user generated news site. We have speculated a lot over the past months as to what might be the reason why such a mainstream-like popular site does not get its long-waited exit despite all of its attempts it seems what is attracting potential suitors to Digg (its massive number of users) is what might be scaring them away.

Here is an extraction, as found on Techrunch, of the comments on Digg’s page under the news that Microsoft might be the potential buyer of Digg. 

  • Don’t sell Digg Kevin! Digg this story he needs to know how we feel!
  • Why not sell digg when you don’t care about the community. Sell it and we will be happy.
  • Somehow i think if Microsoft manages to buy digg a larger revolt than 09 F9 11… will happen, at least i know what i will do
  • I would have to see how things went afterward. If Google tried to shoehorn their “style” in to Digg’s interfaces (see: Jotspot), or if Microsoft tried to turn it in to a Windows program, I would switch to Reddit. I like Digg more, but either of those scenarios would kill Digg for me.
  • If MS is in, I’m out.
  • OK guys, Kevin doesn’t give half a shit about you. He cares about what all americans care about: $500,000,000 in his pocket. Good old capitalism, eh?
  • Goodbye Digg… Its been good knowing you… too bad you were gobbled up by corporate america. I remember back in the day when you were a bastion of free speech and unfettered entertainment, but no longer. I guess I will have to revert back to the “best of” section of Craigslist. Don’t sell your soul.
  • As long as they lets us delete our accounts
  • I am new to digg.com and I really like it. If Microsoft were to buy it that would be it for me. I will remove it from my favorites and never come back.
  • Dude. If Microsoft gets its fucking hands on this site then you will definitely have one less viewer. Those fuckers taint everything they touch.
  • Is this for real come on Kevin don’t give up to digg to these huge companies. What makes digg so special and fun is that it’s independent this is not a good idea.
  • If Microsoft purchases this site, go ahead and make your last act to institute a ‘delete your account’ function.
    This is terrible news. Lets see if we can have yet another viable outlet bought up by huge conglomerates which try to feed us what we are allowed to think and censor our beliefs. I tell you what. If digg is sold, I’m not coming here anymore! Kevin please don’t let this happen. Tell us this is about more than money.

Digg’s saga continues.

More

http://blog.digg.com/?p=114
http://digg.com/tech_news/Google_Microsoft_Bidding_For_Digg
http://digg.com/
http://www.techcrunch.com/2008/03/09/digg-users-are-doing-their-best-to-kill-an-acquisition/
http://www.techcrunch.com/2007/05/01/digg-surrenders-to-mob/
http://www.techcrunch.com/2008/03/07/google-microsoft-bidding-for-digg/
http://web2innovations.com/money/2007/12/19/digg-guys-are-up-for-sale-again-quietly/
http://www.quantcast.com/digg.com
http://www.techcrunch.com/2007/12/17/for-sale-used-social-voting-site-asking-price-300-million-goes-by-the-name-of-digg/
http://www.hoovers.com/allen-&-company/–ID__51026–/free-co-factsheet.xhtml
http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/
http://www.techcrunch.com/2007/11/07/just-sell-digg-already-jay/
http://nextnetnews.blogspot.com/2006/12/why-nobody-buys-diggcom.html
http://venturebeat.com/2007/12/17/source-digg-hires-bank-hoping-to-sell-for-300-million-or-more/
http://nextnetnews.blogspot.com/2007/02/diggcom-fights-spam-scam-games.html
http://www.pronetadvertising.com/articles/latest-digg-payola-exposed.html
http://valleywag.com/tech/rumormonger/digg-close-to-a-300-million-sale-320145.php
http://valleywag.com/tech/sun-valley/whos-selling-whos-buying-at-the-allen-confab-276716.php
http://money.cnn.com/magazines/fortune/fortune_archive/2004/06/28/374371/index.htm

Digg is likely to make a nice exit soon

Digg, the user generated news site, has been pretty serious on getting itself sold for quite long time now. Just late last year they have hired Allen & Company to shop the site for what rumors claim to be anything in the $300 million range. There were literally millions of speculations around the blogosphere why Digg cannot sell so far, some of them summarized can be read over here.

Today we are reading they are about to finally make their long waited exit. Rumored bidders are, of course, Google and Microsoft, among a couple of media type of companies, no names quoted. This time however the price is being said to be way below the price tag of $300M Digg has put on its site last year – in the $200-$225 million range.

According to Quantcast, which we believe is very accurate, Digg.com is hugely popular site and is already reaching more than 25 million unique visitors per month. Just like a couple of months ago, here we again think Digg does worth more than $300M at the very current moment, with or without steady revenues, simply because of its popularity, leadership, reach and target audience. 25 Million unique visitors per month is almost a mainstream site and we have seen sites with less that traffic getting acquired in the 10 digit range.

Taking into consideration the fact that in case Microsoft does not buy the site they are likely to terminate the ad agreement they have with Digg, it seems that other bidders are not including the Microsoft revenues in Digg’s valuation.

More about Allen & Company

Investment bank Allen & Company has been involved in a number of high profile mergers and acquisitions in the past. Interesting for the Allen & Company is the privacy the investment firm seems to be working in as argument for which is the absence of even a basic site for the company on Web. Perhaps they don’t like publicity. Yet, we have found the firm’s contact details, which can be found among the other links on the end of the story’s page.

For Allen & Company, there’s no business like financing show business. The investment bank serves variously as investor, underwriter, and broker to some of the biggest names in entertainment, technology, and information. Viewed as something of a secret society, the firm has had a quiet hand in such hookups as Seagram (now part of Vivendi) and Universal Studios, Hasbro and Galoob Toys, and Disney and Capital Cities/ABC. The firm’s famous annual retreat in Sun Valley, Idaho, attracts more moguls than a double-black ski run (Warren Buffet, Bill Gates, and eBay CEO Meg Whitman have attended). Brothers Herbert and Charles Allen founded the company in 1922.

Key people and executives for Allen & Company LLC are as follows:

  • Non-Executive Chairman Donald R. (Don) Keough
  • President, CEO, and Director Herbert A. (Herb) Allen
  • Managing Director and CFO Kim M. Wieland

More

http://digg.com/
http://www.techcrunch.com/2008/03/07/google-microsoft-bidding-for-digg/
http://web2innovations.com/money/2007/12/19/digg-guys-are-up-for-sale-again-quietly/
http://www.quantcast.com/digg.com
http://www.techcrunch.com/2007/12/17/for-sale-used-social-voting-site-asking-price-300-million-goes-by-the-name-of-digg/
http://www.hoovers.com/allen-&-company/–ID__51026–/free-co-factsheet.xhtml
http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/
http://www.techcrunch.com/2007/11/07/just-sell-digg-already-jay/
http://nextnetnews.blogspot.com/2006/12/why-nobody-buys-diggcom.html
http://venturebeat.com/2007/12/17/source-digg-hires-bank-hoping-to-sell-for-300-million-or-more/
http://nextnetnews.blogspot.com/2007/02/diggcom-fights-spam-scam-games.html
http://www.pronetadvertising.com/articles/latest-digg-payola-exposed.html
http://valleywag.com/tech/rumormonger/digg-close-to-a-300-million-sale-320145.php
http://valleywag.com/tech/sun-valley/whos-selling-whos-buying-at-the-allen-confab-276716.php
http://money.cnn.com/magazines/fortune/fortune_archive/2004/06/28/374371/index.htm

Google invests more in DNA projects

After having spent almost $4M on 23andMe, which plans to make the human genome searchable and whose founder is the wife of Google’s Sergey Brin, last year and is in heavy preparation for the launch of the Google Health, Google has now financially backed a project from a Harvard University scientist to unlock the secrets of common diseases by decoding the DNA of 100,000 people.

The project is said will be the largest human genome sequencing project in the world, and may lead to new cures for disease. Under the public information available it is a Harvard University scientist and OrbiMed Advisors LLC that plan to unlock the secrets of common diseases by decoding the DNA.

Harvard’s George Church plans to spend $1 billion to tie DNA information to each person’s health history, creating a database for finding new medicines. The U.S., U.K., China and Sweden this year began working together to decipher the genetic makeup of 1,000 people at a cost of $50 million.

Google, owner of the most popular Internet search engine, is looking for ways to give people greater control over their medical data. The amount of money donated to the Church by Google is not disclosed publicly. Google also said last week that it would work with the Cleveland Clinic to better organize health records.

Church’s plan “would be the largest human genome sequencing project in the world,” Stephen Elledge, a geneticist at Harvard Medical School in Boston, said in a telephone interview with Bloomberg. “The genetic variations are what make people different, and we need to understand the connections to human disease. They’ll get a tremendous amount of information from this,” said Elledge, who isn’t involved in the project.

Church, who helped develop the first direct genomic sequencing method in 1984, said that while he plans to enroll 100,000 participants, he may not end it there – the plan might be to go for 1 million.

If we can expand the project, we’ll probably go for a million genomes, Church said. Since 1984, Church has advised 22 companies including Helicos Biosciences Inc., which recently began selling high-speed gene sequencers, and 23andMe.

The current project may ideally fit with the overall strategy of Google Health, which is in launching stage now. Google Health plans to help people manage their medical records and test results so they can be shared safely and privately with various specialists. Genomic data may eventually be included, said Marissa Mayer, vice president for search products.

The further involvement of Google into the DNA space has very negative impact on the public markets for some of the current players such as Helicos Biosciences Inc., Illumina, Applied Biosystems and Danaher, which all have their stock declined after the announcement and have lost part of their market capitalization.

Church has already partially sequenced genomes from 10 people, and the jump to 100,000 is under review by a Harvard ethics panel.

About George Church

George Church is Professor of Genetics at Harvard Medical School and Director of the Center for Computational Genetics. His 1984 Harvard PhD included the first direct genomic sequencing method. He co-initiated the Human Genome Project a few months later as a postdoctoral fellow at Biogen & UCSF. Innovations include molecular multiplexing & tags, homologous recombination methods, array DNA synthesizers & automated sequencing & software (used at Genome Therapeutics Corp. for the first commercial genome sequence — human pathogen, H. pylori, 1994). Current research focuses on the Personal Genome Project & synthetic biology.

More

http://arep.med.harvard.edu/gmc/
http://www.google.com/
http://www.orbimed.com/
http://www.bloomberg.com/apps/news?pid=20601082&sid=a9FTNggspOLs&refer=canada
http://www.techcrunch.com/2008/02/29/google-invests-in-dna-sequencing-project/
http://www.crunchbase.com/company/23andme
http://23andme.com/press.html

Yahoo’s official response to Microsoft’s offer: NO!

After we reported the strong NO of Yahoo! to Microsoft over the weekend (Saturday) here is the official response of the Yahoo!’s board of directors.

Yahoo! Board of Directors Says Microsoft’s Proposal Substantially Undervalues Yahoo!

SUNNYVALE, Calif., Feb 11, 2008 — Yahoo! Inc. (Nasdaq:YHOO), a leading global Internet company, today said the Yahoo! Board of Directors has carefully reviewed Microsoft’s unsolicited proposal with Yahoo!’s management team and financial and legal advisors and has unanimously concluded that the proposal is not in the best interests of Yahoo! and our stockholders.

After careful evaluation, the Board believes that Microsoft’s proposal substantially undervalues Yahoo! including our global brand, large worldwide audience, significant recent investments in advertising platforms and future growth prospects, free cash flow and earnings potential, as well as our substantial unconsolidated investments. The Board of Directors is continually evaluating all of its strategic options in the context of the rapidly evolving industry environment and we remain committed to pursuing initiatives that maximize value for all stockholders.

Goldman, Sachs & Co., Lehman Brothers and Moelis & Company are acting as financial advisors to Yahoo!. Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal advisor to Yahoo!, and Munger Tolles & Olson LLP is acting as counsel to the outside directors of Yahoo!.

About Yahoo! Inc.

Yahoo! Inc. is a leading global Internet brand and one of the most trafficked Internet destinations worldwide. Yahoo! is focused on powering its communities of users, advertisers, publishers, and developers by creating indispensable experiences built on trust. Yahoo! is headquartered in Sunnyvale, California. For more information, visit pressroom.yahoo.com.

Yahoo! and the Yahoo! logos are trademarks and/or registered trademarks of Yahoo! Inc. All other names are trademarks and/or registered trademarks of their respective owners.

Meanwhile speculations and rumors about potential major merger between Yahoo! and AOL emerged today. This appears to us to be more as incentive for Microsoft to increase its offer for Yahoo! rather than anything real behind. We see little to no synergies between Yahoo! and AOL, aside a few such as instant messaging or the combined eyeballs and the potential deal does not address the major problem of Yahoo!, which is Google.

More

http://money.cnn.com/2008/02/09/magazines/fortune/yahoo_rejects_bid_report.fortune/?postversion=2008020914
http://www.ft.com/cms/s/0/fffc1006-d5e8-11dc-bbb2-0000779fd2ac.html?nclick_check=1
http://blogs.barrons.com/techtraderdaily/2008/02/05/yahoo-the-five-scenario-analysis/
http://www.techcrunch.com/2008/02/08/yahoo-board-to-determine-fate-of-company-today/
http://web2innovations.com/money/2008/02/02/is-google-going-to-be-the-winner-from-the-microsoft-yahoo-deal/
http://web2innovations.com/money/2008/02/04/google%e2%80%99s-chief-legal-officer-vs-microsoft%e2%80%99s-general-counsel/
http://web2innovations.com/money/2008/02/01/yes-we-were-right-yahoo-was-seriously-undervalued-microsoft-offers-446b-for-the-company-a-62-premium-over-their-value-from-yesterday/
http://www.techmeme.com/080201/p78#a080201p78
http://www.mercurynews.com/ci_8149194
http://www.businessweek.com/technology/content/feb2008/tc2008021_885192.htm?chan=rss_topStories_ssi_5
http://www.washingtonpost.com/wp-dyn/content/article/2008/02/02/AR2008020200568.html
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/02/02/MN8OUQGNB.DTL&type=tech
http://kara.allthingsd.com/20080201/microsoft-to-yahoo-two-days-to-respond-or-else/
http://www.alleyinsider.com/2008/02/hold-everything-we-may-get-another-yhoo-bidder.html
http://www.techcrunch.com/2008/02/01/what-would-a-combined-microsoft-yahoo-look-like/
http://www.techcrunch.com/2008/02/01/ballmers-internal-e-mail-to-the-troops-explaining-the-yahoo-acquisition/
http://www.techcrunch.com/2008/02/02/news-corp-scrambles-to-bid-for-yahoo/
http://www.alleyinsider.com/2008/02/microsoft-yahoo-combined-financials.html
http://web2innovations.com/money/2008/02/08/one-after-another-the-potential-competitive-bidders-for-yahoo-drop-off-is-yahoo-going-to-surrender-to-microsoft/
http://www.informationweek.com/news/showArticle.jhtml?articleID=206107168
http://mashable.com/2008/02/10/yahoo-aol-merger/
http://www.techcrunch.com/2008/02/10/wait-yahoo-and-aol-i-was-looking-forward-to-something-moreintelligent/
http://www.techcrunch.com/2008/02/09/microsofts-80-billion-and-growing-yahoo-headache/
http://web2innovations.com/money/2008/02/09/end-of-speculations-yahoo-rejected-microsoft%e2%80%99s-offer

End of speculations: Yahoo rejected Microsoft’s offer

Internet giant Yahoo’s board has decided to reject Microsoft’s takeover bid, saying its 44.6 billion dollar offer “massively undervalues” Yahoo, the Wall Street Journal reported earlier today.

Yahoo’s board also believes the Microsoft offer, at 31 dollars per share, does not account for risks facing Yahoo if it pursues a deal that might be ultimately blocked by government regulators.

“Yahoo’s board believes that Microsoft’s is trying to take advantage of the recent weakness in the company’s share price to ‘steal’ the company,” the board further said.

“Yahoo’s board appears to be betting that Microsoft doesn’t want to ‘go hostile’ and try to acquire the company against the wishes of management and the board,” it also said.

Reports today lacked some facts, but they are not totally off mark. A couple of days ago we were researching online for information and commentaries on the scenarios most possible for the outcome of the Microsoft/Yahoo deal and Citigroup’s Mark Mahaney has speculated with several possible roads for Yahoo to take. Aside other speculative scenarios he played with 40% (the highest) weight was given for the chance Yahoo rejecting the Microsoft’s offer with the only mission to have the offer increased with a few dollars per share, which according to him is the most likely outcome. He was right but is he also right for the reason Yahoo is today rejecting the Microsoft’s bid.

Is there any chance for Microsoft to increase its offer?

On February 1 Microsoft unveiled its 44.6 billion dollar offer to take over Yahoo, in an effort to merge the world’s biggest software company with a major Internet player to take on search and advertising juggernaut Google.

Microsoft proposed 31 dollars per share to Yahoo’s board, a 62 percent premium above its closing price the previous day.

Microsoft said a combination of the companies would lead to cost savings of a billion dollars per year.

But Yahoo chief executive Jerry Yang sent a message to employees on Wednesday, assuring them the firm’s leaders were exploring ways to avoid a Microsoft takeover.

“Our board is thoughtfully evaluating a wide range of potential strategic alternatives in what is a complex and evolving landscape,” Yang wrote in the email.

“What’s become clear in the past few days is how much people care about this company. I’ve heard from many of you, and from other friends and colleagues from around Silicon Valley and across the globe, that we need to do what’s best for Yahoo and our shareholders.”

Google earlier condemned Microsoft’s effort as an attack on the very independence of the Internet.

“Microsoft’s hostile bid for Yahoo raises troubling questions,” said David Drummond, Google’s senior vice president for corporate development and chief legal officer, in a statement Sunday.

“This is about more than simply a financial transaction, one company taking over another. It’s about preserving the underlying principles of the Internet: openness and innovation.”

Update: A few people asked us why the logo of Microsoft/Google appears on the story and not a combined one of Microsoft/Yahoo? Because it is all about the battle between Microsoft and Google and Yahoo! appears to be an instrument. Congrats to Yahoo! though for firmly opposing the MS’s hostile bid!

 

More

http://money.cnn.com/2008/02/09/magazines/fortune/yahoo_rejects_bid_report.fortune/?postversion=2008020914
http://www.ft.com/cms/s/0/fffc1006-d5e8-11dc-bbb2-0000779fd2ac.html?nclick_check=1
http://blogs.barrons.com/techtraderdaily/2008/02/05/yahoo-the-five-scenario-analysis/
http://www.techcrunch.com/2008/02/08/yahoo-board-to-determine-fate-of-company-today/
http://web2innovations.com/money/2008/02/02/is-google-going-to-be-the-winner-from-the-microsoft-yahoo-deal/
http://web2innovations.com/money/2008/02/04/google%e2%80%99s-chief-legal-officer-vs-microsoft%e2%80%99s-general-counsel/
http://web2innovations.com/money/2008/02/01/yes-we-were-right-yahoo-was-seriously-undervalued-microsoft-offers-446b-for-the-company-a-62-premium-over-their-value-from-yesterday/
http://www.techmeme.com/080201/p78#a080201p78
http://www.mercurynews.com/ci_8149194
http://www.businessweek.com/technology/content/feb2008/tc2008021_885192.htm?chan=rss_topStories_ssi_5
http://www.washingtonpost.com/wp-dyn/content/article/2008/02/02/AR2008020200568.html
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/02/02/MN8OUQGNB.DTL&type=tech
http://kara.allthingsd.com/20080201/microsoft-to-yahoo-two-days-to-respond-or-else/
http://www.alleyinsider.com/2008/02/hold-everything-we-may-get-another-yhoo-bidder.html
http://www.techcrunch.com/2008/02/01/what-would-a-combined-microsoft-yahoo-look-like/
http://www.techcrunch.com/2008/02/01/ballmers-internal-e-mail-to-the-troops-explaining-the-yahoo-acquisition/
http://www.techcrunch.com/2008/02/02/news-corp-scrambles-to-bid-for-yahoo/
http://www.alleyinsider.com/2008/02/microsoft-yahoo-combined-financials.html
http://web2innovations.com/money/2008/02/08/one-after-another-the-potential-competitive-bidders-for-yahoo-drop-off-is-yahoo-going-to-surrender-to-microsoft/
http://www.informationweek.com/news/showArticle.jhtml?articleID=206107168


 

One after another the potential competitive bidders for Yahoo drop off; is Yahoo going to surrender to Microsoft?

A few days ago we were trying to analyze who is going to eventually make a counter offer to match or outbid the Microsoft’s $46B offer for Yahoo!.

By that time multiple sources were reporting counter offers are in preparation by competitive bidders trying to snatch Yahoo! before Microsoft does it. We then exclude Google from the list of potential bidders for Yahoo! because some experts cited a 75 percent market share in the paid-search advertising market worldwide if Google/Yahoo deal happens and therefore Google is prevented by antitrust laws from buying Yahoo.

Another rumor was that a big private equity firm from New York is going to enter the bidding war for Yahoo!. No more news for that mystical white knight from New York has ever appeared publicly, so we put that aside. 

Another potential bidder being rumored on a few blogs was the New York-based Quadrangle Partners. Yahoo’s former president, Dan Rosensweig recently joined the firm to open the Silicon Valley office and Quadrangle also has deep media expertise. Yahoo! is after all more like a major media company with Internet nuance rather than pure technology company like, for example, Google.

Nothing happened here and we can clearly erase that bidder from the list too.

Other sources were reporting that News Corp is also frantically trying to put together a competing bid, with the help of private equity firms. This makes sense, given News Corp’s previous interest in trading MySpace for a big Yahoo equity stake. News Corp can’t afford to do the whole deal, but it could certainly provide some funding in exchange for some equity.

Nothing happened here too so we do assume News Corp has given up to fight for Yahoo! – Microsoft has simply put the price tag too high and is effectively preventing other players from offering anything even nearly close to their bid.

Today we learn that Softbank, the Japanese telecommunications and internet group, yesterday said it had no intention of selling its 41 per cent stake in Yahoo Japan after Microsoft’s bid for Yahoo. They also stated they have no intention of selling our Yahoo Japan stake. Mr. Masayoshi Son also said that Softbank, which owns 3.9 per cent of Yahoo, had no plans to take part in a counter-bid for the US company, which owns 33 per cent of Yahoo Japan.

Japan, by the way, is one of the few markets in which Yahoo remains the dominant search engine. Yahoo Japan also operates the country’s leading auction site Ebay.

Clearly Softbank is out of the game too. Anyone else? We hear and read nobody is proposing any counter bid for Yahoo!, so we have only Microsoft left in the game. A few days ago Citigroup’s Mark Mahaney has speculated with several possible roads for Yahoo to take. Aside other speculative scenarios he played with 40% (the highest) weight was given for the chance Yahoo rejecting the Microsoft’s offer with the only mission to have the offer increased with a few dollars per share, which according to him is the most likely outcome.

We have read over a few blogs that Yahoo has scheduled a special board of directors meeting on Friday, which we guess is to finally decide on what the company’s course is going to be. After a though week of dramatic events and speculations, it’s clear that no one is going to step in with a competing acquisition so we are getting nearer to witness a major deal between Microsoft and Yahoo!.  We guess we all learn more in the next few days.

Update: A few people asked us why the logo of Microsoft/Google appears on the story and not a combined one of Microsoft/Yahoo? Because it is all about the battle between Microsoft and Google and Yahoo! appears to be an instrument. Congrats to Yahoo! though for firmly opposing the MS’s hostile bid!

 

More

http://www.ft.com/cms/s/0/fffc1006-d5e8-11dc-bbb2-0000779fd2ac.html?nclick_check=1
http://blogs.barrons.com/techtraderdaily/2008/02/05/yahoo-the-five-scenario-analysis/
http://www.techcrunch.com/2008/02/08/yahoo-board-to-determine-fate-of-company-today/
http://web2innovations.com/money/2008/02/02/is-google-going-to-be-the-winner-from-the-microsoft-yahoo-deal/
http://web2innovations.com/money/2008/02/04/google%e2%80%99s-chief-legal-officer-vs-microsoft%e2%80%99s-general-counsel/
http://web2innovations.com/money/2008/02/01/yes-we-were-right-yahoo-was-seriously-undervalued-microsoft-offers-446b-for-the-company-a-62-premium-over-their-value-from-yesterday/
http://www.techmeme.com/080201/p78#a080201p78
http://www.mercurynews.com/ci_8149194
http://www.businessweek.com/technology/content/feb2008/tc2008021_885192.htm?chan=rss_topStories_ssi_5
http://www.washingtonpost.com/wp-dyn/content/article/2008/02/02/AR2008020200568.html
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/02/02/MN8OUQGNB.DTL&type=tech
http://kara.allthingsd.com/20080201/microsoft-to-yahoo-two-days-to-respond-or-else/
http://www.alleyinsider.com/2008/02/hold-everything-we-may-get-another-yhoo-bidder.html
http://www.techcrunch.com/2008/02/01/what-would-a-combined-microsoft-yahoo-look-like/
http://www.techcrunch.com/2008/02/01/ballmers-internal-e-mail-to-the-troops-explaining-the-yahoo-acquisition/
http://www.techcrunch.com/2008/02/02/news-corp-scrambles-to-bid-for-yahoo/
http://www.alleyinsider.com/2008/02/microsoft-yahoo-combined-financials.html

Google’s Chief Legal Officer vs. Microsoft’s General Counsel

An interesting virtual war is taking place on Web right now caused by the Microsoft’s bid for Yahoo!. It appears Google cannot (or they don’t want to) enter the bidding war for Yahoo! due to many reasons; one of them seems to be the antitrust law complications that might arise from potential market dominance in the search market. Another reason could be that Google does not need Yahoo but does not want to let Microsoft own it. Yet it did not stop David Drummond, Senior Vice President, Corporate Development and Chief Legal Officer to attack Microsoft about openness and the competition on Internet. David pointed out that the combined entity is going to have a dominant role on the IM and the email markets in US. By contrast, Microsoft has replied that deal between Microsoft and Yahoo is going to create competition since Google is the dominant player on both the search and web advertising markets. From the two statements below it becomes clear enough that it is all about Microsoft vs. Google and Yahoo is just a company to be used by Microsoft in their on going battle with Google for the leading position on Internet. Both companies seem right and not really the same time. Google barking at Microsoft about openness and compositeness is quite strange taking into consideration their unprecedented dominancy on the search and advertising market online. The same time Microsoft talking about openness, innovation, and the protection of privacy on the Internet sounds quite the same to me – unserious. Read below and decide for yourself who is right and who is wrong. 

Below is what Google said on their official blog.

The openness of the Internet is what made Google — and Yahoo! — possible. A good idea that users find useful spreads quickly. Businesses can be created around the idea. Users benefit from constant innovation. It’s what makes the Internet such an exciting place.

So Microsoft’s hostile bid for Yahoo! raises troubling questions. This is about more than simply a financial transaction, one company taking over another. It’s about preserving the underlying principles of the Internet: openness and innovation.

Could Microsoft now attempt to exert the same sort of inappropriate and illegal influence over the Internet that it did with the PC? While the Internet rewards competitive innovation, Microsoft has frequently sought to establish proprietary monopolies — and then leverage its dominance into new, adjacent markets.

Could the acquisition of Yahoo! allow Microsoft — despite its legacy of serious legal and regulatory offenses — to extend unfair practices from browsers and operating systems to the Internet? In addition, Microsoft plus Yahoo! equals an overwhelming share of instant messaging and web email accounts. And between them, the two companies operate the two most heavily trafficked portals on the Internet. Could a combination of the two take advantage of a PC software monopoly to unfairly limit the ability of consumers to freely access competitors’ email, IM, and web-based services? Policymakers around the world need to ask these questions — and consumers deserve satisfying answers.

This hostile bid was announced on Friday, so there is plenty of time for these questions to be thoroughly addressed. We take Internet openness, choice and innovation seriously. They are the core of our culture. We believe that the interests of Internet users come first — and should come first — as the merits of this proposed acquisition are examined and alternatives explored.

Statement from Brad Smith, General Counsel, Microsoft

The combination of Microsoft and Yahoo! will create a more competitive marketplace by establishing a compelling number two competitor for Internet search and online advertising. The alternative scenarios only lead to less competition on the Internet.

Today, Google is the dominant search engine and advertising company on the Web. Google has amassed about 75 percent of paid search revenues worldwide and its share continues to grow. According to published reports, Google currently has more than 65 percent search query share in the U.S. and more than 85 percent in Europe. Microsoft and Yahoo! on the other hand have roughly 30 percent combined in the U.S. and approximately 10 percent combined in Europe.

Microsoft is committed to openness, innovation, and the protection of privacy on the Internet. We believe that the combination of Microsoft and Yahoo! will advance these goals.

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. In connection with the proposed transaction, Microsoft Corp. plans to file with the SEC a registration statement on Form S-4 containing a proxy statement/prospectus and other documents regarding the proposed transaction. The definitive proxy statement/prospectus will be mailed to shareholders of Yahoo! Inc. INVESTORS AND SECURITY HOLDERS OF YAHOO! INC. ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.

Investors and security holders will be able to obtain free copies of the registration statement and the proxy statement/prospectus (when available) and other documents filed with the SEC by Microsoft Corp. through the Web site maintained by the SEC at sec.gov. Free copies of the registration statement and the proxy statement/prospectus (when available) and other documents filed with the SEC can also be obtained by directing a request to Investor Relations Department, Microsoft Corp., One Microsoft Way, Redmond, Wash. 98052-6399.

Microsoft Corp. and its directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding Microsoft Corp.’s directors and executive officers is available in its Annual Report on Form 10-K for the year ended June 30, 2007, which was filed with the SEC on Aug. 8, 2007, and its proxy statement for its 2007 annual meeting of shareholders, which was filed with the SEC on Sept. 29, 2007. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC when they become available.

Who is David C. Drummond?

David C. Drummond is Senior Vice President, Corporate Development and Chief Legal Officer

David Drummond joined Google in 2002, initially as vice president of corporate development. Today as senior vice president and chief legal officer, he leads Google’s global teams for legal, government relations, corporate development (M&A and investment projects) and new business development (strategic partnerships and licensing opportunities).

David was first introduced to Google in 1998 as a partner in the corporate transactions group at Wilson Sonsini Goodrich and Rosati, one of the nation’s leading law firms representing technology businesses. He served as Google’s first outside counsel and worked with Larry Page and Sergey Brin to incorporate the company and secure its initial rounds of financing. During his tenure at Wilson Sonsini, David worked with a wide variety of technology companies to help them manage complex transactions such as mergers, acquisitions and initial public offerings.

David earned his bachelor’s degree in history from Santa Clara University and his JD from Stanford Law School.

Who is Brad Smith?

Brad Smith is Microsoft’s Senior Vice President, General Counsel and Corporate Secretary. He leads the company’s Department of Legal and Corporate Affairs, which is responsible for all legal work and for government, industry and community affairs activities.

Smith has played a leading role at Microsoft on intellectual property, competition law, and other Internet legal and public policy issues. He is also the company’s chief compliance officer. Since becoming general counsel in 2002, he has overseen numerous negotiations with governments and other companies, including Microsoft’s 2002 antitrust settlement with state attorneys general, its 2002 data privacy negotiations with the Federal Trade Commission and European Commission, and agreements to address antitrust or IP issues with Time Warner, Sun Microsystems, RealNetworks, IBM and Novell.

Smith is responsible for Microsoft’s intellectual property work, including all of its IP portfolio, licensing and public policy activities. He has helped spearhead the growth in the company’s patent portfolio and the launch of global campaigns to bring enforcement actions against those engaged in software piracy and counterfeiting and against viruses, spyware and other threats to Internet safety. He is also responsible for the expansion of Microsoft’s citizenship and philanthropic activities, work to revise its contracts to make them more customer-friendly, and the strengthening of legal compliance programs, issuing Standards of Business Conduct for all Microsoft employees and creating an Office of Legal Compliance.

Smith previously worked for five years as Deputy General Counsel for Worldwide Sales, and before that, he spent three years managing the company’s European Law and Corporate Affairs group, based in Paris. Before joining Microsoft, he was a partner at Covington & Burling, having worked in the firm’s Washington, D.C. and London offices and represented a number of companies in the computing industry.

Smith graduated summa cum laude from Princeton University, where he received the Class of 1901 Medal, the Dewitt Clinton Poole Memorial Prize, and the Harold Willis Dodds Achievement Award, the highest award given to a graduating senior at commencement. He was a Harlan Fiske Stone Scholar at the Columbia University School of Law, where he received the David M. Berger Memorial Award. He also studied international law and economics at the Graduate Institute of International Studies in Geneva, Switzerland.

He has written numerous articles regarding international intellectual property and electronic commerce issues, and has served as a lecturer at the Hague Academy of International Law.

More

http://googleblog.blogspot.com/2008/02/yahoo-and-future-of-internet.html
http://www.microsoft.com/presspass/press/2008/feb08/02-03Statement.mspx?rss_fdn=Press%20Releases
http://www.google.com/corporate/execs.html
http://www.microsoft.com/presspass/exec/bradsmith/default.mspx
http://www.techcrunch.com/2008/02/03/google-cries-wolf-on-microsoft-yahoo-deal-irony-comes-up-blank-in-google-search/
http://www.techcrunch.com/2008/02/03/can-google-still-claim-to-be-david-to-microsofts-goliath-no/
 

Wall Street plunged but does it affect the Web 2.0

Wall Street plunged at the opening of trading Tuesday, propelling the Dow Jones industrials down about 300 points after an interest rate cut by the Federal Reserve failed to assuage investors fearing a recession in the United States.

U.S. markets joined stock exchanges around the world that have fallen precipitously in recent days amid concerns that a downturn might spread around the world. U.S. bonds were mixed, with investors seeking safer investments as stocks plummeted. The oil price, by contrast, fell amid expectations that a downturn would depress demand for energy.

The Fed’s decision to cut its federal funds rate to 3.50% and the discount rate, the interest it charges to lend directly to banks, came a week before the central bank’s regularly scheduled meeting, a sign that the Fed recognized the seriousness of the world financial situation. But there were already fears in the markets before the Fed move that an interest rate wouldn’t be enough to prevent a recession. The cut was the biggest one-day rate move by the Fed since it lowered rates by a full percentage point in December 1991, when the country was trying to emerge from recession.

In the first hour of trading, the Dow was down 293.70, or 2.43 percent, at 11,805.60. The Dow was last below 12,000 in March 2007. The broader Standard & Poor’s 500 index was off 32.49, or 2.45 percent, at 1,292.70, while the Nasdaq composite index fell 66.82, or 2.86 percent, to 2,273.20.

It was the first time the Fed altered the target federal funds rate between scheduled meetings since the markets reopened after the Sept. 11, 2001 terrorist attacks.

It’s been a black year so far for stocks. The SP 500 index, the broadest measure of the stock market, has suffered its worst annual start ever, giving up about 13 percent in just three weeks. The Dow is down about 12 percent since the beginning of the year, and the Nasdaq is down approximately 15 percent.

On the other side the government bond prices surged as stocks fell and investors fled to safer securities. The yield on the benchmark 10-year Treasury note, which moves opposite its price, sank to 3.53 percent from 3.63 percent late Friday.

Both Asian and European markets have also fallen seriously where the Asian market was hit harder. Japan’s Nikkei stock average closed down 5.65 percent — its biggest percentage drop in nearly a decade. The German’s DAX for instance fell to the level of mid 2007, yet higher than the levels of January 2007.

Did the crisis affect the major Internet players anyway?

Below is a quick outlook of some of the more important Internet players and how their stocks performed for today. Clearly everything was colored in red.

Company / Stock Symbol / Last Trade / Change / Mkt Cap

  • Microsoft Corporation  MSFT  32.05   -0.96 ( -2.91% )  299.84B
  • Google Inc.  GOOG  590.14   -10.11 ( -1.68% )   184.62B
  • News Corporation  NWS.A  18.59   -0.10 ( -0.54% )  58.05B
  • Time Warner Inc.  TWX  15.07   -0.47 ( -3.02% )  54.62B
  • eBay Inc.  EBAY  27.13   -1.20 ( -4.24% )  36.68B
  • Amazon.com, Inc.  AMZN  77.62   -2.14 ( -2.68% )  32.31B
  • Yahoo! Inc.  YHOO  20.02   -0.76 ( -3.66% )  26.78B
  • Baidu.com, Inc. (ADR)  BIDU  270.40   -2.64 ( -0.97% )  9.12B
  • IAC/InterActiveCorp  IACI  24.14   +0.02 ( 0.08% )  6.85B
  • SINA Corporation (USA)  SINA  38.95   -0.26 ( -0.66% )  2.13B
  • Sohu.com Inc.  SOHU  39.99   -2.06 ( -4.90% )  1.49B
  • CNET Networks, Inc.  CNET  7.78   -0.38 ( -4.66% )  1.18B 

Alibaba.com Corp., yet another major Internet player, which is traded on the Honk Kong stock market, has today lost 8.91% from its market capitalization.

From all the companies we took a look at only IAC seems to be the winner for today (at the moment we checked them out) – having its stock price colored green.

The big loser could be Answers Corporation which got its stock smashed on Friday, dropping more than 23%. Answers’ plunge jeopardizes Lexico acquisition, which they were hoping to buy for $100M, a deal we have reported a few weeks ago. It is hard to believe that answers.com is attracting more than 34M unique visitors per month and the entire company is today worth less than $30M. The company once was over $140M worth when its stock was close to $18.

The venture capital market

Reporters went public today on the venture capital market released from PricewaterhouseCoopers and the National Venture Capital Association. Total venture funding for the year were up 10.8 percent to $29.4 billion, and up 11.5 percent for the fourth quarter of 2007 to $7 billion. That makes it the fourth straight quarter where VC deals were above the $7 billion mark, and the highest yearly total since 2001. 2007 was a year of steady gains for VC investing, the highest since the $40.6 billion invested in 2001 (and still well-below the $105 billion in 2000).

What about the new entrants from the web 2.0 age?

Facebook the most buzzed web 2.0 company seems to be rethinking the perfect time for their IPO and rumors are they are going to postpone it to at least 2009 or even 2010 if markets recover. Digg, yet another popular web site from the web 2.0 age, is trying to shop itself for months now at the $300M range but we hear no any news for potential acquisition of the social news site.

Despite all talks for possible recession in US and despite all huge losses the major banks in US have incurred, the web 2.0 deals appear to be more than ever before. For example only today [January 22, 2008] we have read about 10 deals at least where the average funding figures where close to $15M. Over the past 30 days, no matter we were in holiday season we have written down to report later more than 100 VC deals for web 2.0 companies, most of them start-up, and at least 20 acquisition and buy out deals with in the sector. Almost half of the deals reported on that particular day were acquisitions. Also today a major VC player has raised $577M late stage growth fund for. The web 2.0 market is going crazier from day to day and the peak seems not reached yet. Based on what we are witnessing the major credit and financial crisis in the states is not affecting the relatively small web 2.0 sector. All the VC activity within the sector gives no signals about crisis or any major slow down in the web 2.0 market, at least for now.
More

http://biz.yahoo.com/ap/080122/wall_street.html
http://www.nyse.com 
http://www.nasdaq.com
http://www.techcrunch.com/2008/01/21/venture-fundings-hit-294-billion-in-2007-the-year-in-charts/
http://finance.google.com/finance?q=GOOG
http://stocks.us.reuters.com/stocks/overview.asp?symbol=1688.HK
http://finance.google.com/finance?q=ANSW
http://www.bloggingstocks.com/2008/01/20/dilution-is-not-the-answers-com/
http://www.globes.co.il/serveen/globes/docview.asp?did=1000299719&fid=942

Can Google lead amid its ever growing infrastructure and computation expenditures?

While reading our daily dose of news, stories and events from the web sector we came across an interesting fact worth reading and mentioning further. Google seems to be processing huge amounts of data per day in their daily routines – 20 Petabytes per day (20,000 Terabytes, 20M GBs).

The average MapReduce job is said to run across a $1 million hardware cluster, not including bandwidth fees, datacenter costs, or staffing. The January 2008 MapReduce paper provides new insights into Google’s hardware and software crunching processing tens of petabytes of data per day.

In September 2007, for example, the white paper document shows Googlers have made 2217 MapReduce jobs crunching approximately 11,000 machine years in a single month. Breaking these numbers further down shows that 11,081 machine years / (2217 job.s x 395 sec = .0278 years) implies 399,000 machines. Since this is believed to double about every 6 months one may guess Google are up to about 600,000 machines by now.

Google converted its search indexing systems to the MapReduce system in 2003, and currently processes over 20 terabytes of raw web data.

Google is known to run on hundreds of thousands of servers – by one estimate, in excess of 450,000 (data as of 2006, today more likely 600,000) – racked up in thousands of clusters in dozens of data centers around the world. It has data centers in Dublin, Ireland; in Virginia; and in California, where it just acquired the million-square-foot headquarters it had been leasing. It recently opened a new center in Atlanta, and is currently building two football-field-sized centers in The Dalles, Ore.

Microsoft, by contrast, made about a $1.5 billion capital investment in server and data structure infrastructure in 2006. Google is known to have spent at least as much to maintain its lead, following a $838 million investment in 2005. We estimate 2008’s Google IT expenditures to be in the $2B range. 

Google buys, rather than leases, computer equipment for maximum control over its infrastructure. Google chief executive officer Eric Schmidt defended that strategy once in a call conference with financial analysts. “We believe we get tremendous competitive advantage by essentially building our own infrastructures,” he said.

In general, Google has a split personality when it comes to questions about its back-end systems. To the media, its answer is, “Sorry, we don’t talk about our infrastructure.” Yet, Google engineers crack the door open wider when addressing computer science audiences, such as rooms full of graduate students whom it is interested in recruiting.

Among other things, Google has developed the capability to rapidly deploy prefabricated data centers anywhere in the world by packing them into standard 20- or 40-foot shipping containers.

Interesting fact from the Google’s history can be found back in 2003 when, in a paper, Google noted that power requirements of a densely packed server rack could range from 400 to 700 watts per square foot, yet most commercial data centers could support no more than 150 watts per square foot. In response, Google was investigating more power-efficient hardware, and reportedly switched from Intel to AMD processors for this reason. Google has not confirmed the choice of AMD, which was reported two years later by Morgan Stanley analyst Mark Edelstone.

Basically Google is mainly relying on its own internally developed software for data and network management and has a reputation for being skeptical of “not invented here” technologies, so relatively few vendors can claim it as a customer.

Google is being rumored that they would eventually start to build their own servers, storage systems, Internet switches and perhaps, sometime in the future, even optical transport systems.

Other rumors claim Google to be a big buyer of dark fiber to connect its data centers, which helps explain why the company spent nearly $3.8 billion over the past seven quarters on capital expenditures.

That’s tremendous amount of information and IT operations and based on our basic calculations, as far as we are correct in our human computation, it turns out that Google is facing IT expenditures in the $2B range per year, including for their data centers and the people.

Even though Google’s completive advantage is not only because of its infrastructure but also employees (Google has what is arguable the brightest group of people ever assembled for a publicly held company), proprietary software, global brand awareness, huge market capitalization and revenues of more than $10B per year, we think $2B burn rate per year on computing needs alone is “walking on thin ice” strategy at breakneck pace. Companies like Guill, who are claiming to have invented a technology 10 times cheaper than Google’s in terms of indexing and storing the information, Powerset working in hadoop/hbase environment, IBM, Microsoft and Yahoo! could potentially take an advantage over Google as Web grows further, so the Google’s computing expenses too.

Btw, we have also found on Web that Google processes its data on a standard machine cluster node consisting two 2 GHz Intel Xeon processors with Hyper-Threading enabled, 4 GB of memory, two 160 GB IDE hard drives and a gigabit Ethernet link.

Yahoo! and Powerset are known to use Hadoop while Microsoft’s equivalent is called Dryad. Dryad and Hadoop are the competing equivalent to Google’s GFS, MapReduce and the BigTable.

More about MapReduce

MapReduce is a programming model and an associated implementation for processing and generating large data sets. Users specify a map function that processes a key/value pair to generate a set of intermediate key/value pairs, and a reduce function that merges all intermediate values associated with the same intermediate key.

Programs written in this functional style are automatically parallelized and executed on a large cluster of commodity machines. The run-time system takes care of the details of partitioning the input data, scheduling the program’s execution across a set of machines, handling machine failures, and managing the required inter-machine communication. This allows programmers without any experience with parallel and distributed systems to easily utilize the resources of a large distributed system.

Google’s implementation of MapReduce runs on a large cluster of commodity machines and is highly scalable: a typical MapReduce computation processes many terabytes of data on thousands of machines. Programmers find the system easy to use: hundreds of MapReduce programs have been implemented and upwards of one thousand MapReduce jobs are executed on Google’s clusters every day.

More about Hadoop

Hadoop is an interesting software platform that lets one easily write and run applications that process vast amounts of data. Here’s what makes Hadoop especially useful:

Scalable: Hadoop can reliably store and process petabytes.

Economical: It distributes the data and processing across clusters of commonly available computers. These clusters can number into the thousands of nodes.

Efficient: By distributing the data, Hadoop can process it in parallel on the nodes where the data is located. This makes it extremely rapid.

Reliable: Hadoop automatically maintains multiple copies of data and automatically redeploys computing tasks based on failures.

Hadoop implements MapReduce, using the Hadoop Distributed File System (HDFS). MapReduce divides applications into many small blocks of work. HDFS creates multiple replicas of data blocks for reliability, placing them on compute nodes around the cluster. MapReduce can then process the data where it is located. Hadoop has been demonstrated on clusters with 2000 nodes. The current design target is 10,000 node clusters. Hadoop is a Lucene sub-project that contains the distributed computing platform that was formerly a part of Nutch.

More about Dryad

Dryad is an infrastructure which allows a programmer to use the resources of a computer cluster or a data center for running data parallel programs. A Dryad programmer can use thousands of machines, each of them with multiple processors or cores, without knowing anything about concurrent programming.

The Structure of Dryad Jobs
 
A Dryad programmer writes several sequential programs and connects them using one-way channels. The computation is structured as a directed graph: programs are graph vertices, while the channels are graph edges. A Dryad job is a graph generator which can synthesize any directed acyclic graph. These graphs can even change during execution, in response to important events in the computation.

Dryad is quite expressive. It completely subsumes other computation frameworks, such as Google’s map-reduce, or the relational algebra. Moreover, Dryad handles job creation and management, resource management, job monitoring and visualization, fault tolerance, re-execution, scheduling, and accounting.

More

http://doi.acm.org/10.1145/1327452.1327492
http://www.niallkennedy.com/blog/2008/01/google-mapreduce-stats.html
http://labs.google.com/papers/mapreduce.html
http://research.google.com/people/jeff/
http://research.google.com/people/sanjay/
http://research.microsoft.com/research/sv/dryad/
http://lucene.apache.org/hadoop/
http://labs.google.com/papers/gfs.html
http://labs.google.com/papers/bigtable.html
http://research.microsoft.com/research/sv/dryad/
http://www.techcrunch.com/2008/01/09/google-processing-20000-terabytes-a-day-and-growing/
http://feedblog.org/2008/01/06/mapreduce-simplified-data-processing-on-large-clusters/
http://en.wikipedia.org/wiki/MapReduce#Uses
http://open.blogs.nytimes.com/tag/hadoop/
http://www.baselinemag.com/print_article2/0,1217,a=182560,00.asp
http://www.stanford.edu/services/websearch/Google/
http://gigaom.com/2007/12/04/google-infrastructure/
http://gigaom.com/2005/09/19/google-asks-for-googlenet-bids/

Google bought Jaiku, instead of Twitter

Finnish short messaging and microblogging service Jaiku has been acquired by Google. 
Notable fact here is the fact that Google bought Jaiku instead of its competitor Twitter, a service founded by Blogger founder Evan Williams.

We think a possible reason of that situation could be the current overvaluation of Titter.  Jaiku may also be better on the mobile platform than Twitter.

Technology has made staying in touch with your friends and family both easier and harder: living a fast-paced, on-the-go lifestyle is easier (and a lot of fun), but it’s more difficult to keep track of everyone when they’re running around at warp speed.

That’s why, Google said, we’re excited to announce that we’ve acquired Jaiku, a company that’s been hard at work developing useful and innovative applications for staying in touch with the people you care about most — regardless of whether you’re at a computer or on a mobile phone.

Google has lately been rolling out a number of very young mobile services. Interesting fact from the past of Google is yet another acquisition of very similar company called Dodgeball that went literally no where. 

RedMonk analyst James Governor, who has blogged extensively about the business value of Jaiku competitor Twitter has some interesting thoughts on the news. Governor says he’d like to see RIM buy Twitter but thinks Yahoo! is much more likely. He says the Jaiku mobile download could be a key addition to the Google Phone kernel but fears that all the leading microblogging services will be quickly overrun with commercial messages. Perhaps that is the commercial future of the microblogging services.

At the time of the deal took place Twitter was full with conversation on the acquisition, according the tracking service Twitterverse, the hottest word across Twitter in the last hour is Jaiku.

With easy group creation, RSS import and threaded conversation, amongst other features, Jaiku is probably a superior service to Twitter. Creation of new accounts have been stopped at Jaiku with news of the announcement.

More about Jaiku

Jaiku’s main goal is to bring people closer together by enabling them to share their activity streams. An activity stream is a log of everyday things as they happen: your status messages, recommendations, events you’re attending, photos you’ve taken – anything you post directly to Jaiku or add using Web feeds. We offer a way to connect with the people you care about by sharing your activities with them on the Web, IM, and SMS – as well as through a slew of cool third-party applications built by other developers using our API.

The most powerful instrument of social peripheral vision is your mobile phone. We’ve put in a special effort to create Jaiku Mobile, a live phonebook that displays the activity streams, availability, and location of your Jaiku contacts right in your phone contact list. We modestly believe it is the best solution out there for seeing what your friends are up to. Currently Jaiku Mobile is available for phones based on the Nokia S60 software platform.

To learn more about Jaiku, this video interview may be found insightful and interesting. It is done by the new European outfit Intruders.tv with company founder Jyri Engestrom, trained as a sociologist and formerly from Nokia.

Jaiku’s founders have commented on the home page of their site on the acquisition.

While it’s too soon to comment on specific plans, we look forward to working with our new friends at Google over the coming months to expand in ways we hope you’ll find interesting and useful. Our engineers are excited to be working together and enthusiastic developers lead to great innovation. We look forward to accomplishing great things together. In order to focus on innovation instead of scaling, we have decided to close new user sign-ups for now.

But fear not, all our Jaiku services will stay running the way you are used to and you will be able to invite your friends to Jaiku.

More

http://jaiku.com/
http://jaiku.com/blog
http://google.com/
http://www.jaiku.com/blog/2007/10/09/were-joining-google/
http://www.readwriteweb.com/archives/google_acquires_jaiku.php
http://googleblog.blogspot.com/2007/10/reach-out-and-message-someone.html
http://jaiku.com/help/google
http://us.intruders.tv/Essential-Web-07-Interview-with-Jaiku-co-founder-Jyri-Engestrom_a93.html
http://twitterverse.com/