SAN FRANCISCO Yahoo Inc. spurned Microsoft Corp.'s USD44.6 billion takeover bid as inadequate Monday, betting that it can elicit a higher offer from the world's largest software maker or find another way to deliver a comparable payoff to its shareholders.
The rebuff by the slumping Internet pioneer had been widely anticipated after word of Yahoo's intention was leaked during the weekend.
In its formal response, Yahoo said its board had concluded Microsoft's unsolicited offer "substantially undervalues" the Sunnyvale-based company.
Yahoo indicated it could be lured to the negotiating table if Microsoft ups the ante, without mentioning the price it has in mind.
"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," Yahoo said in a statement.
Investors appeared confident that Microsoft wants Yahoo badly enough to raise the stakes. Yahoo shares rose 34 cents to USD29.54 in Monday's morning trading while Microsoft shares fell 46 cents to USD 28.10.
If Microsoft doesn't raise its offer, Yahoo Chief Executive Jerry Yang assured employees in a Monday e-mail that the company is poised to rebound on its own and become a "must buy" in the $45 billion online advertising market.
"We have accomplished a great deal in a very short time," wrote Yang, a company co-founder who promised things would get better after he became CEO eight months ago. "Yahoo is a faster-moving, better organized, more nimble company well on its way to transforming the experiences of its users, advertisers, publishers and developers."
Just two days before Microsoft made its bid, Yang had warned Yahoo faced "headwinds" that made it unlikely the company's performance would improve significantly until 2009.
Yahoo's stock price had dropped by more than 40 percent in the three months leading to Microsoft's bid, valued at USD 31 per share when it was announced Feb. 1. The offer was 62 percent above Yahoo's market value at the time.
Many analysts believe Redmond, Wash.-based Microsoft will eventually raise its bid to USD 35 toUSD 40 per share, sweetening the pot by USD5 billion to USD 12 billion in an effort to negotiate an amicable sale.
Microsoft was prepared to pay at least USD 40 per share for Yahoo a year ago, according to a person familiar with the talks between the two companies a year ago. Yahoo wasn't interested then because it was confident in its own strategy, said the person, who didn't want to be identified because Microsoft's 2007 offer was never publicly disclosed.
But a higher bid now could hurt Microsoft's own stock price, which has been slipping amid concerns that a Yahoo takeover could be more trouble than its worth. Microsoft's market value has plunged by more than USD 40 billion, or 14 percent, since the bid was made public.
Microsoft representatives didn't immediately respond to requests for comment Monday morning.
RBC Capital Markets analyst Jordan Rohan predicted Yahoo's board will have little choice but to sell the company if Microsoft raises its bid to USD 35 or USD 36 per share. "Yahoo management has already exhausted the patience of its largest, longest-suffering shareholders," Rohan wrote in a Monday note.
If it doesn't want to pay more money, Microsoft could take its original bid directly to Yahoo's shareholders. Microsoft's management began preparing for that possibility last week by meeting with some of Yahoo's major shareholders to rally support for its offer.
In a more extreme tactic, Microsoft could try to override Yahoo's board by trying to oust the current directors later this year — a risky maneuver that would likely create hard feelings that would make it more difficult to cobble the two businesses together if a deal were consummated.
Yahoo also could fend off Microsoft by exercising an antitakeover device, known as a "poison pill," that would issue more company shares to make a buyout too expensive to pull off.
Although its profits have been dwindling during the past two years, Yahoo still possesses one of the Internet's biggest audiences and most valuable franchises. Microsoft believes it can build on those assets to become a more formidable competitor to Google Inc., which now holds a commanding lead in the lucrative online search and advertising markets.
Yahoo has reportedly been exploring an advertising partnership with Google as one way to boost its profits and remain independent. The company also has been looking for other suitors that might be interested in countering Microsoft's bid, but so far no one has stepped forward.
By rejecting Microsoft's initial offer, Yahoo's board is running the risk that the company's stock will plunge below USD 20 per share again if its suitor decides to walk away.
That scenario would probably unleash a flood of shareholder lawsuits, intensifying the pressure on Yahoo's management team to deliver on a long-awaited turnaround that has been in the works for the past 18 months.
Source:Yahoo news-AP
Monday, February 11, 2008
Monday, January 21, 2008
Video tutorial collection
Video Tutorial Collection ,update every dayIn this site you can found some video tutorial ,more aplication like adobe photoshop,flash video tutorial,after effect video tutorial and more application. Updated everyday please visit this site
Tuesday, January 15, 2008
Domain Strategies - Taking Advantage Of An Unknown Marketing Resource
Have you heard that all the great domains are taken? The secret is out! Thousands of great domain names expire every day.
Your domain is your website address, a.k.a. URL or universal resource locator.
What domain name you choose is an important part of your overall marketing plan. It should be relevant to your business and easy to remember. Keep in mind that your domain name is your internet identity, so choose wisely.
A domain name is much easier to remember then a bunch of numbers or letters, think of it as the text name that relates to your IP address. When your domain is typed into a browser the name server associates it with an IP address and your website is displayed by the browser.
So what domain name should you pick?
Some things to take into consideration are:
1. Is it easy to remember? Can someone type it in from memory?2. It should be easy to spell and should not contain more then 3 words.3. If possible, use keywords in your domain. Your domain name should relate to your business.4. Do not use numbers or hyphens.5. Stick with a .com extension if possible.
Keep it simple.
A well planned domain name is the first step to a successful marketing campaign. Three basic steps that you can take to make sure your domain is marketable are:
Step 1: Make a list of words that relate to your business. Then remove any words that are longer then 10 characters. You can also use phrases if they are short and easy to remember. There should be no spaces in the phrases. Once you have your list check to see if your possible domains are available.
Step 2: Go to any domain registrar and search for the domains on your list to see if they are available. GoDaddy is an excellent place to begin. A list of alternatives will appear for those domains that are not available. Go through all the names on your list and once done you will then have a list of possible domains for your business.
TIP: For business websites try and find relevant domain names with an extension of .com only. This extension is well known and is considered the default extension that people use if they do not know the correct one. Try not to overdue it and buy every known extension for your domain. When you are just beginning remember that domain fees are yearly so consider the lifelong cost of a good domain. For most of us one domain is enough.
Step 3: Once you know which names are available go to GoDaddy and register the domain names of your choosing.
TIP: Do not pay for hosting of your domains if you already have a website set up! Forward them.
Here is the cheapest ($10/year) and easiest way to set up forwarding of a domain name:
- Go to GoDaddy and register a domain name of your choosing. This is an easy step-by-step process. Just make sure you do not sign up for any extras that they offer you. The final price should be about $10.19.
- Once you have registered the domain (you will receive an email with your information), sign in to your GoDaddy account and go to "My Domain Names" under the "Domains" tab.
- Next click "Domain Forwarding" and then click on your domain name.
- Select "Enable" and then enter the URL of your existing website in the box. Click OK.
That is it! Very easy to do and now you can use your own domain for all your advertising!
Copyright 2008 Joe Rispoli
Your domain is your website address, a.k.a. URL or universal resource locator.
What domain name you choose is an important part of your overall marketing plan. It should be relevant to your business and easy to remember. Keep in mind that your domain name is your internet identity, so choose wisely.
A domain name is much easier to remember then a bunch of numbers or letters, think of it as the text name that relates to your IP address. When your domain is typed into a browser the name server associates it with an IP address and your website is displayed by the browser.
So what domain name should you pick?
Some things to take into consideration are:
1. Is it easy to remember? Can someone type it in from memory?2. It should be easy to spell and should not contain more then 3 words.3. If possible, use keywords in your domain. Your domain name should relate to your business.4. Do not use numbers or hyphens.5. Stick with a .com extension if possible.
Keep it simple.
A well planned domain name is the first step to a successful marketing campaign. Three basic steps that you can take to make sure your domain is marketable are:
Step 1: Make a list of words that relate to your business. Then remove any words that are longer then 10 characters. You can also use phrases if they are short and easy to remember. There should be no spaces in the phrases. Once you have your list check to see if your possible domains are available.
Step 2: Go to any domain registrar and search for the domains on your list to see if they are available. GoDaddy is an excellent place to begin. A list of alternatives will appear for those domains that are not available. Go through all the names on your list and once done you will then have a list of possible domains for your business.
TIP: For business websites try and find relevant domain names with an extension of .com only. This extension is well known and is considered the default extension that people use if they do not know the correct one. Try not to overdue it and buy every known extension for your domain. When you are just beginning remember that domain fees are yearly so consider the lifelong cost of a good domain. For most of us one domain is enough.
Step 3: Once you know which names are available go to GoDaddy and register the domain names of your choosing.
TIP: Do not pay for hosting of your domains if you already have a website set up! Forward them.
Here is the cheapest ($10/year) and easiest way to set up forwarding of a domain name:
- Go to GoDaddy and register a domain name of your choosing. This is an easy step-by-step process. Just make sure you do not sign up for any extras that they offer you. The final price should be about $10.19.
- Once you have registered the domain (you will receive an email with your information), sign in to your GoDaddy account and go to "My Domain Names" under the "Domains" tab.
- Next click "Domain Forwarding" and then click on your domain name.
- Select "Enable" and then enter the URL of your existing website in the box. Click OK.
That is it! Very easy to do and now you can use your own domain for all your advertising!
Copyright 2008 Joe Rispoli
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