If you'd extended your query and searched for "yahoo 40 counter offer". Plenty of articles would have popped up.
The first results say nothing about a Yahoo! counter offer. The fifth one "'Yahoo Board To Microsoft: 'Raise Your Offer and We'll Talk.'" does not actually say Yahoo! made a counter offer to Microsoft, only "Yahoo has used the Journal to counter Microsoft's $31 offer with a price of $40 a share." Of the rest of the results on the first page, 10 total, one said page not found and another gave me a "Unable to connect" message. Plenty of articles but not one says Yahoo! actually countered MS's offer.
Not they aren't. Yahoo's board doesn't have the funds to take Yahoo private.
But it's Yahoo!'s board that turned the offer down.
They couldn't pay the $40/share price if Microsoft said no, so who is Microsoft really up against here? Who is going to step up and buy Yahoo if Microsoft does not raise its bid? No one.
Again, the board doesn't want to accept the offer, so all MS can do is take the offer to Yahoo! shareholders. And the biggest ones have said MS needs to raise the offer to at least $40.
First, the Week in Review article wouldn't carry the news since it would only be covering news that happened in the last 7 days (2/14 - 2/22). We're already established that new of the offer came much earlier.
When was this? You have not provided one link saying Yahoo!'s board made one counter offer to Microsoft.
Alley Insider is a reputable widely-read industry periodical. It does little good to criticize its journalistic integrity.
And where is it? Even adding "Alley Insider" to your search I still don't find a result on the first page saying the board actually made a counter offer to MS.
Look, I know you have an emotional attachment to this deal not going through at $31, but whether you like it or not it probably getting
You're arguing my point, every musical era has had bad music. I recall year ago when parents called rock n roll devil's music. Many adults call what their children listen to as bad music.
Entertainment is the last thing people make cuts on during economic downturns
From American Express: "We are less weighted toward the travel and entertainment sector and have a larger presence in everyday categories where consumers don't typically reduce their spending during economic downturns to the same extent as they do in T&E spending." "Entertainment is the #1 Largest Optional Spending Catagory." "Demand shocks - reflecting changes in the level and pattern of spending by consumers owing to 'social distancing', eg cuts to travel, tourism and entertainment spending". "Customers from the financial services industry have noticeably cut back on travel and entertainment spending, AmEx believes."
Why buy a CD when you can download it at the same quality?
Same quality? I doubt much downloaded music has the same quality as CDs. I doubt even iTune's higher bit rate and DRM free music sell more than the DRM'ed and lower quality music. And iTunes owns the music download space.
And without proper authorship ip protection of an idea my work can be used by anyone without paying a fee.
Have you ever heard of copyrights and Trade secrets? Software patents are not needed. Software was being written in the 1960s and '70s without patents. Tech Model Railroad Club members at MIT were writing, and leaving out so others could improve, software back then. When Microsoft was started most software was shared, Bill Gates was one of the first in demanding people not share his Altair BASIC interpretor. Before then, and now, a lot of software was and is being created without any patent protection.
Abstractions are result of human creativity (and often its method). As such they are original and useful science(to some they even art). Therefore, they pass the litmus test for patentability directly established by The Constitution.
Yes the thought of Congress re-evaluating Patents with the situation as it is, is a very scary thought to me. Imagine if Patents were extended to life time of inventor + 70 years.
There's one problem with this, as one of TFAs said among those threatened by software patents are banks, and they'd put up a lot of money to stop this.
drug X must get FDA approval which takes 2 years, but drug Generic-X can use the previous approval
Actually no they can't. An excellent example of this is Taxol. The National Cancer Institution, as part of the National Institutes of Health it's a government organization, did all the research into Taxol for chemotherapy in treating cancers such as breast cancer. After spending $183 million of US tax payer money the NCI sold all of the research including the data needed for FDA approval to Bristol-Myers Sqibb, BMS, for $43 million. No other pharmaceutical can use the date needed to win FDA approval.
Buzz, not all cars use gasoline. Nor does diesel engines run only on petro diesel. The inventor of the diesel engine Rudolph Diesel designed and ran his engine on vegetable oil. He used peanut and hemp oil among others. At the 1900 Paris Expo he used peanut oil. At his Iron Mountain Estate Henry Ford grew hemp he used to construct a vehicle as well as made fuel from it for the car in the 1930s.
Except for the actual damages, which they paid, and the $3.4 billion in fines and cleanup costs, which they paid.
Do you have a link saying how much the fishermen were paid?
And the whole "3 weeks profit" statistic completely ignores inflation over the past 19 years, increases in oil and gasoline prices over the past 19 years
Yea, with inflation and record profits, it won't take as long to pay now.
Companies like Exxon can get away with murder by polluting an entire coastline and having only to pay 2 weeks worth of profit as a fine. This is not greed, this is not tort reform, this is justice gone wrong. Thanks to the tort reform in America Exxon has a punishment that does virtually nothing to a company which committed a criminal act. The amount they have to pay is a drop in the bucket compared to how much the citizens of Alaska have paid with their well-being. So perhaps it is the lack of a real punitive damage which is greedy!
Yea, even today Exxon is still fighting having to pay anyone who had their livelihoods destroyed by Valdez. Fishermen among others had their income damaged, hut has Exxon paid anyone? No.
Each download DOES NOT equal a missed sale and the falling numbers for each industry not only coincide with P2P popularity, they also coincide with a declination in quality work
Actually as someone else pointed out earlier this year the quality of music hasn't gone down, for instance I love the Classic Rock, Rock and Roll, and Southern Fried Rock from the '60s and '70s. But most of the music that came out then wasn't very good. For instance I love Gordon Lightfoot's "The Wreck Of The Edmund Fitzgerald" but there aren't many others of his songs that were that good. Or take Iron Butterfly, about the only song of theirs I love is the drum solo Inagodadavida. The same can be applied to many other artists.
No, I think a big reason music sales declined was because of the economy. When the RI/MPAA started complaining about drops in sales the economy was dropping overall and not just for entertainment. Hell entertainment is one of the first things people reduce spending on when money gets tight.
Using Google isn't resourceful? Then what's this all this about in making "google" a verb?
Why would they bid against themselves?
If MS were to big higher they'd be bidding against Yahoo!'s board not against themselves. As for whether Yahoo! made a counter offer, TFA you link to provides no details about any such offer. It says "team Microsoft sources scoff at Yahoo's $40 counter-offer" but offers no details such as when it was given. Looking at the date on your TFA it's dated 12 February 2008, however this one dated 14 February says "Yahoo Inc's second-biggest investor urged Microsoft Corp to raise its $42 billion bid for the Web pioneer and warned Yahoo it has few options left, raising the pressure on them to seal a deal." Week in review: Microsoft the magnanimous? dated 22 Feb'08 also says nothing about a counter offer.
Coal gets more subsidies than we of nuclear power do, not to mention "clean energy" initiatives.
According to TFA in Bush's energy proposal coal gets 21%n increase in federal funding and nuclear energy research gets a 40% increase, alternative and renewable resources on the other hand don't get as much. Wind for instance get 6%, a $3,000,000 increase. And "solar energy would decrease by $12 million, a 7 percent reduction from this year." Together for solar and wind that's $15 million yet the total proposal for climate change programs is $8.6 billion, so even if other alternative sources get another $70 million that's still only 1% of the total. Where's the other 99% going? I doubt coal and nuclear don't get more that 75% of the total. As compared to solar, wind, and others that sounds massive to me.
I'll note this new solar CSP plant they want to build in Arizona. It's noted here that this will cost somewhere in the 4 billion range and generate 280 megawatts, with a ground footprint of 1900 acres. Compare this to my plants, which generates nearly 2,000 megawatts with a ground footprint of maybe 20 acres.
You left a large use of land for nuclear, the mining. Then you have land needed for long term storage of the waste. As uranium mining is volume intensive, the concentration of uranium in the ore is so low, so it requires a lot of land. And it's environmentally destructive. The Navajo have basically been dumped on, uranium mining threatens their source of water, the aquifers under the land.
Call me prejudiced, but I'll stick to nuclear thanks.
Go ahead, and store it in your back yard too. You can also mine uranium from your back yard.
I agree, the board has to do due diligence on the offer, but you have to remember that by countering with a $40 counteroffer, the board has arguably put Yahoo up for sale
Did Yahoo!'s board make a counter offer? I haven't heard of it before. News googling yahoo microsoft "counter offer" I didn't see anything on the first page that said Yahoo! made a counter offer, but there were some that suggested Microsoft may make a counter offer.
over its lifespan there are very very few plants that aren't profitable at any scale and many much more profitable than originally thought, look at entrgy and exelon profits in the last few quarters.
Nuclear power only makes money because of subsidies but then again almost all if not every power plant gets subsidies. Nuclear power plants wouldn't be built if they had to rely on Wall Street and commercial banks to pay for their construction.
Honor, ethics, and good reputation are quaintly outmoded concepts, and those who cling to such silly traditions are in a race to be the last sucker.
While a lot of businesses may not operate this way some do, and they are doing well. One of the fastest growing grocery store chains is Whole Foods Market which does. Their mission statement, Declaration of Interdependence goes over what they work on.
I know this is only one example but there are others.
What I want to know is how much one could get per hour as a professional "warm butt"--and what sort of requirements for participation there may or may not be. Are you contractually obligated to applaud, shout, and carry on? Or can you just sit and read a book?
What if you speak out against those who pay you? "I'm here because Comcast paid me to be here, however I support net neutrality."
Sure I could sue, if I was a Yahoo! stockholder. If I would get vary far is a totally different matter but I could sue. Just listen to a bunch of businesses and industries screaming for tort reform.
As would I. Go to a bazaar and buyers and sellers will haggle over the price, it's called negotiation. Buyer offers a low price and the seller rejects it. Then if they are willing to talk about selling they ask for a higher price. In this case the board wasn't willing to talk about being bought.
started enacting poison pill measures
Which you do if you don't want to sell.
Now it might very well be that the board, management, and shareholders' interests can be all aligned, but the board has not made the case for this being so. And given Microsoft's offer and Yahoo's recent performance, it is in the boards bests interests to give such an explanation, because from the shareholder's perspective its much easier to see this stock going to $10 or $15 before it reaches the $31 of Microsoft's tender offer.
Agreed, but if the board has accepted the offer I bet other shareholders would have filed a lawsuit, I think if I was a big shareholder I would have myself.
You're right, I was tired and mixed up contractions and possessive pronouns. Actually English is a crazy language, and may be the hardest one to learn for non native speakers. But at least it doesn't have gender pronouns like French or German. Un and une. Or der, die, or das. Then again Chinese has 66,000 ideograms and Mongolian has 10,000 more. Also written Chinese has two main romanization styles, Wade Giles and pinyin.
Slashdot Mirror
If you'd extended your query and searched for "yahoo 40 counter offer". Plenty of articles would have popped up.
The first results say nothing about a Yahoo! counter offer. The fifth one "'Yahoo Board To Microsoft: 'Raise Your Offer and We'll Talk.'" does not actually say Yahoo! made a counter offer to Microsoft, only "Yahoo has used the Journal to counter Microsoft's $31 offer with a price of $40 a share." Of the rest of the results on the first page, 10 total, one said page not found and another gave me a "Unable to connect" message. Plenty of articles but not one says Yahoo! actually countered MS's offer.
Not they aren't. Yahoo's board doesn't have the funds to take Yahoo private.
But it's Yahoo!'s board that turned the offer down.
They couldn't pay the $40/share price if Microsoft said no, so who is Microsoft really up against here? Who is going to step up and buy Yahoo if Microsoft does not raise its bid? No one.
Again, the board doesn't want to accept the offer, so all MS can do is take the offer to Yahoo! shareholders. And the biggest ones have said MS needs to raise the offer to at least $40.
First, the Week in Review article wouldn't carry the news since it would only be covering news that happened in the last 7 days (2/14 - 2/22). We're already established that new of the offer came much earlier.
When was this? You have not provided one link saying Yahoo!'s board made one counter offer to Microsoft.
Alley Insider is a reputable widely-read industry periodical. It does little good to criticize its journalistic integrity.
And where is it? Even adding "Alley Insider" to your search I still don't find a result on the first page saying the board actually made a counter offer to MS.
Look, I know you have an emotional attachment to this deal not going through at $31, but whether you like it or not it probably getting
WOW! You know what I think or feel. NOT!!!
FalconYou're arguing my point, every musical era has had bad music. I recall year ago when parents called rock n roll devil's music. Many adults call what their children listen to as bad music.
Entertainment is the last thing people make cuts on during economic downturns
From American Express: "We are less weighted toward the travel and entertainment sector and have a larger presence in everyday categories where consumers don't typically reduce their spending during economic downturns to the same extent as they do in T&E spending." "Entertainment is the #1 Largest Optional Spending Catagory." "Demand shocks - reflecting changes in the level and pattern of spending by consumers owing to 'social distancing', eg cuts to travel, tourism and entertainment spending". "Customers from the financial services industry have noticeably cut back on travel and entertainment spending, AmEx believes."
Why buy a CD when you can download it at the same quality?
Same quality? I doubt much downloaded music has the same quality as CDs. I doubt even iTune's higher bit rate and DRM free music sell more than the DRM'ed and lower quality music. And iTunes owns the music download space.
FalconAnd without proper authorship ip protection of an idea my work can be used by anyone without paying a fee.
Have you ever heard of copyrights and Trade secrets? Software patents are not needed. Software was being written in the 1960s and '70s without patents. Tech Model Railroad Club members at MIT were writing, and leaving out so others could improve, software back then. When Microsoft was started most software was shared, Bill Gates was one of the first in demanding people not share his Altair BASIC interpretor. Before then, and now, a lot of software was and is being created without any patent protection.
FalconAbstractions are result of human creativity (and often its method). As such they are original and useful science(to some they even art). Therefore, they pass the litmus test for patentability directly established by The Constitution.
Wrong, The Constitution of the USA says "To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries". Progress not useful. Software patents however stifle progress.
FalconYes the thought of Congress re-evaluating Patents with the situation as it is, is a very scary thought to me. Imagine if Patents were extended to life time of inventor + 70 years.
There's one problem with this, as one of TFAs said among those threatened by software patents are banks, and they'd put up a lot of money to stop this.
Falcondrug X must get FDA approval which takes 2 years, but drug Generic-X can use the previous approval
Actually no they can't. An excellent example of this is Taxol. The National Cancer Institution, as part of the National Institutes of Health it's a government organization, did all the research into Taxol for chemotherapy in treating cancers such as breast cancer. After spending $183 million of US tax payer money the NCI sold all of the research including the data needed for FDA approval to Bristol-Myers Sqibb, BMS, for $43 million. No other pharmaceutical can use the date needed to win FDA approval.
Falconpills
As one of TFA says though, there are no pharmaceutical patent trolls.
FalconSoftware is the new Hardware, so I don't think patents should be done away with as we move into this realm.
Hardware patents are one thing but software patents are totally different. Software is already protected by copyrights.
FalconWithout patents there only be copycats, like 80-90% of OSS right now, all clones of commercial software with very little innovation.
Much the same can be said of closed source proprietary software.
FalconWhere the fuck do you think gasoline comes from?
Buzz, not all cars use gasoline. Nor does diesel engines run only on petro diesel. The inventor of the diesel engine Rudolph Diesel designed and ran his engine on vegetable oil. He used peanut and hemp oil among others. At the 1900 Paris Expo he used peanut oil. At his Iron Mountain Estate Henry Ford grew hemp he used to construct a vehicle as well as made fuel from it for the car in the 1930s.
I guess they did the impossible, or they didn't do it. However the fact is is Ford And Deisel Never Intended Cars To Use Gasoline".
FalconExcept for the actual damages, which they paid, and the $3.4 billion in fines and cleanup costs, which they paid.
Do you have a link saying how much the fishermen were paid?
And the whole "3 weeks profit" statistic completely ignores inflation over the past 19 years, increases in oil and gasoline prices over the past 19 years
Yea, with inflation and record profits, it won't take as long to pay now.
FalconThe people of Alaska knew that if they drove a car oil had to be transported, they knew the risks too.
Not all Alaskans drive cars, nor does all cars use petroleum oil.
FalconCompanies like Exxon can get away with murder by polluting an entire coastline and having only to pay 2 weeks worth of profit as a fine. This is not greed, this is not tort reform, this is justice gone wrong. Thanks to the tort reform in America Exxon has a punishment that does virtually nothing to a company which committed a criminal act. The amount they have to pay is a drop in the bucket compared to how much the citizens of Alaska have paid with their well-being. So perhaps it is the lack of a real punitive damage which is greedy!
Yea, even today Exxon is still fighting having to pay anyone who had their livelihoods destroyed by Valdez. Fishermen among others had their income damaged, hut has Exxon paid anyone? No.
FalconEach download DOES NOT equal a missed sale and the falling numbers for each industry not only coincide with P2P popularity, they also coincide with a declination in quality work
Actually as someone else pointed out earlier this year the quality of music hasn't gone down, for instance I love the Classic Rock, Rock and Roll, and Southern Fried Rock from the '60s and '70s. But most of the music that came out then wasn't very good. For instance I love Gordon Lightfoot's "The Wreck Of The Edmund Fitzgerald" but there aren't many others of his songs that were that good. Or take Iron Butterfly, about the only song of theirs I love is the drum solo Inagodadavida. The same can be applied to many other artists.
No, I think a big reason music sales declined was because of the economy. When the RI/MPAA started complaining about drops in sales the economy was dropping overall and not just for entertainment. Hell entertainment is one of the first things people reduce spending on when money gets tight.
FalconUsing Google isn't resourceful? Then what's this all this about in making "google" a verb?
Why would they bid against themselves?
If MS were to big higher they'd be bidding against Yahoo!'s board not against themselves. As for whether Yahoo! made a counter offer, TFA you link to provides no details about any such offer. It says "team Microsoft sources scoff at Yahoo's $40 counter-offer" but offers no details such as when it was given. Looking at the date on your TFA it's dated 12 February 2008, however this one dated 14 February says "Yahoo Inc's second-biggest investor urged Microsoft Corp to raise its $42 billion bid for the Web pioneer and warned Yahoo it has few options left, raising the pressure on them to seal a deal." Week in review: Microsoft the magnanimous? dated 22 Feb'08 also says nothing about a counter offer.
FalconI would hardly hold up Whole Foods as an example in Ethics
I hadn't seen that before, thanks.
FalconCoal gets more subsidies than we of nuclear power do, not to mention "clean energy" initiatives.
According to TFA in Bush's energy proposal coal gets 21%n increase in federal funding and nuclear energy research gets a 40% increase, alternative and renewable resources on the other hand don't get as much. Wind for instance get 6%, a $3,000,000 increase. And "solar energy would decrease by $12 million, a 7 percent reduction from this year." Together for solar and wind that's $15 million yet the total proposal for climate change programs is $8.6 billion, so even if other alternative sources get another $70 million that's still only 1% of the total. Where's the other 99% going? I doubt coal and nuclear don't get more that 75% of the total. As compared to solar, wind, and others that sounds massive to me.
I'll note this new solar CSP plant they want to build in Arizona. It's noted here that this will cost somewhere in the 4 billion range and generate 280 megawatts, with a ground footprint of 1900 acres. Compare this to my plants, which generates nearly 2,000 megawatts with a ground footprint of maybe 20 acres.
You left a large use of land for nuclear, the mining. Then you have land needed for long term storage of the waste. As uranium mining is volume intensive, the concentration of uranium in the ore is so low, so it requires a lot of land. And it's environmentally destructive. The Navajo have basically been dumped on, uranium mining threatens their source of water, the aquifers under the land.
Call me prejudiced, but I'll stick to nuclear thanks.
Go ahead, and store it in your back yard too. You can also mine uranium from your back yard.
FalconI agree, the board has to do due diligence on the offer, but you have to remember that by countering with a $40 counteroffer, the board has arguably put Yahoo up for sale
Did Yahoo!'s board make a counter offer? I haven't heard of it before. News googling yahoo microsoft "counter offer" I didn't see anything on the first page that said Yahoo! made a counter offer, but there were some that suggested Microsoft may make a counter offer.
Falconover its lifespan there are very very few plants that aren't profitable at any scale and many much more profitable than originally thought, look at entrgy and exelon profits in the last few quarters.
Nuclear power only makes money because of subsidies but then again almost all if not every power plant gets subsidies. Nuclear power plants wouldn't be built if they had to rely on Wall Street and commercial banks to pay for their construction.
FalconHonor, ethics, and good reputation are quaintly outmoded concepts, and those who cling to such silly traditions are in a race to be the last sucker.
While a lot of businesses may not operate this way some do, and they are doing well. One of the fastest growing grocery store chains is Whole Foods Market which does. Their mission statement, Declaration of Interdependence goes over what they work on.
I know this is only one example but there are others.
FalconWhat I want to know is how much one could get per hour as a professional "warm butt"--and what sort of requirements for participation there may or may not be. Are you contractually obligated to applaud, shout, and carry on? Or can you just sit and read a book?
What if you speak out against those who pay you? "I'm here because Comcast paid me to be here, however I support net neutrality."
FalconSure I could sue, if I was a Yahoo! stockholder. If I would get vary far is a totally different matter but I could sue. Just listen to a bunch of businesses and industries screaming for tort reform.
FalconAs would I. Go to a bazaar and buyers and sellers will haggle over the price, it's called negotiation. Buyer offers a low price and the seller rejects it. Then if they are willing to talk about selling they ask for a higher price. In this case the board wasn't willing to talk about being bought.
started enacting poison pill measures
Which you do if you don't want to sell.
Now it might very well be that the board, management, and shareholders' interests can be all aligned, but the board has not made the case for this being so. And given Microsoft's offer and Yahoo's recent performance, it is in the boards bests interests to give such an explanation, because from the shareholder's perspective its much easier to see this stock going to $10 or $15 before it reaches the $31 of Microsoft's tender offer.
Agreed, but if the board has accepted the offer I bet other shareholders would have filed a lawsuit, I think if I was a big shareholder I would have myself.
FalconUh, no, GGP said that all corporations are incorporated in Delaware. Try reading for comprehension.
Perhaps you can improve your comprehension, he did say Delaware is friendly to corporations. Here's what he said: "Yahoo is incorporated in Delaware, which is very corporation friendly".
FalconYou're right, I was tired and mixed up contractions and possessive pronouns. Actually English is a crazy language, and may be the hardest one to learn for non native speakers. But at least it doesn't have gender pronouns like French or German. Un and une. Or der, die, or das. Then again Chinese has 66,000 ideograms and Mongolian has 10,000 more. Also written Chinese has two main romanization styles, Wade Giles and pinyin.
Falcon