Archive for July 14th, 2008

Microsoft backs Icahn’s bid to oust Yahoo board

Monday, July 14th, 2008

Tue Jul 8

SAN FRANCISCO - Microsoft Corp. threw its weight behind investor Carl Icahn’s effort to dump Yahoo Inc.’s board, saying Monday that a successful shareholder rebellion would encourage the software maker to renew its bid to buy Yahoo’s Internet search engine or possibly the entire company.
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The unexpected endorsement gives Icahn a carrot to dangle before Yahoo shareholders as he wages an acrimonious campaign to replace Yahoo’s nine directors at the company’s annual meeting Aug. 1.

It marks the first time that Microsoft has publicly sided with Icahn since the billionaire investor launched his attempted coup nearly eight weeks ago.

The two sides decided they could work together after Icahn held “frequent” discussions with Microsoft Chief Executive Steve Ballmer and some of his top lieutenants during the past week, according to a letter that Icahn sent Monday to Yahoo shareholders.

Industry analysts said Icahn now has more credibility with Yahoo shareholders because he has been arguing that a purge of Yahoo’s board is the only way to salvage a deal with Microsoft.

“This breathes new life into Icahn’s proposal,” said Stanford Group analyst Clayton Moran. “It really pushes the power to Icahn and his board (nominees).”

The prospect that a changing of the guard at Yahoo might pave the way to a friendly deal with Microsoft lifted Yahoo shares $2.56, or 12 percent, to finish Monday at $23.91.

Echoing previous remarks in its battle with Icahn, Yahoo questioned Microsoft’s interest in buying the entire company.

“If Microsoft and Mr. Ballmer really want to purchase Yahoo, we again invite them to make a proposal immediately,” Yahoo said.

But Icahn said Microsoft doesn’t want to risk making a bid under Yahoo’s current regime, because the software maker fears Yahoo’s management would make more poor decisions during an antitrust review that would take at least nine months.

“If the current board and management team of Yahoo mismanage the company (and their recent track record is far from reassuring), Microsoft would be putting its money at risk and a great deal could be lost,” Icahn wrote in his letter to shareholders.

Microsoft’s willingness to work with Icahn undermines one of Yahoo’s chief arguments for re-electing its board.

Yahoo has maintained that it would be foolhardy to back Icahn’s slate of alternate nominees because Icahn had no concrete ideas besides selling the company to Microsoft — something that Yahoo has been depicting as a pipe dream since Microsoft withdrew a $47.5 billion offer in early May.

Microsoft reinforced that perception by refusing to revive its bid last month even after Yahoo’s board signaled its willingness to accept the earlier offer.

With Microsoft in Icahn’s corner, “the dynamic has changed,” Sanford C. Bernstein & Co. analyst Jeffrey Lindsay said. “There is now a rationale for voting for Icahn’s board because there now seems to be a real possibility for a deal again.”

Monday’s turn of events amplifies the pressure on Yahoo co-founder and CEO Jerry Yang, whose handling of the earlier negotiations with Microsoft infuriated many shareholders.

Yahoo’s stock price had plunged by more than 30 percent to fall below $20 during Yang’s first six months as CEO. Then, in January, Microsoft raised hopes for a quick windfall with its unsolicited takeover bid, only to be repeatedly rebuffed.

If he seizes control of the board, Icahn has promised to fire the 39-year-old Yang as CEO and replace him with a more seasoned leader.

Yang has been meeting with Yahoo’s major stockholders during the past week, hoping to persuade them to give him a chance to prove the Sunnyvale-based company is worth more than the $33 per share that Microsoft previously offered.

Ballmer withdrew that bid after Yang sought $37 per share — a height the stock hasn’t reached in 2 1/2 years.

In its Monday statement, Microsoft didn’t mention how much it thinks Yahoo is worth now.

Industry analysts estimated Microsoft would likely pay anywhere from $28 to $33 per share if it takes another stab at swallowing Yahoo whole.

“Microsoft is still asking Yahoo shareholders to make a big decision with incomplete information,” said Standard & Poor’s Internet analyst Scott Kessler. “I could still see a scenario where the Yahoo board is replaced and Microsoft comes in with a bid that is lower than people want. Then what do you do?”

Microsoft more recently has been trying to pry away Yahoo’s search engine for $1 billion, plus an additional $8 billion investment for a 16 percent stake in Yahoo’s remaining operations.

Yahoo instead opted for an online advertising partnership with rival Google Inc. that is supposed to boost its annual revenue by $800 million. That alliance faces an antitrust review by the U.S. Justice Department because Google and Yahoo combined control more than 80 percent of the U.S. search advertising market.

In its Monday statement, Yahoo asserted Microsoft is trying to use Icahn to engineer a purchase of Yahoo’s search engine in a deal that would hurt the company in the long run, by hindering its ability to compete in the Internet’s rapidly growing ad market.

Posted by Mahesh ( Tryangled )

Google now owns an SEO Company

Monday, July 14th, 2008

Google has acquired the search engine optimization Performics which is a subsidiary of the company Doubleclick that Google bought. You can’t help but wonder what Google is going to be doing with this company. What better company to have do your SEO work than a company that is owned by Google, right? Or not?

Would they make more money by implementing what they do with search? Or would they be secretive yet and not let the newly acquired company know it’s secrets? Or has there search algorithm grown to the point there simply is no secret to getting to the top of Google anymore?

My belief is that the last question is the true one and if it isn’t true now, it will be true in the near future. I’ve said it before and I will say it again. SEO (search engine optimization) is changing where it is becoming merged with SEM (search engine marketing) more and more everyday.

Posted by Mahesh ( Tryangled )

SVN integration into Visual Studio

Monday, July 14th, 2008

United SCC

You may ask what that stands for , Yes there is a immediate and quick answer , it says universal source control integration plugin.

This has a lot of advantages in it. We can integrate our csv in any of the tools like Access, PowerBuilder, Microsoft Visual Studio ,etc.,

This can be best for any one who can see aalternative for VSS

Now the SCC supports  CVS , SVN(Subversion), BZR (Bazaar) .

Advantages are Atomic commits support, native source control integration interface for many programs , File history viewer and comparison support.

They are having a free trial of 30 days. we can also try this for 30 days , so that we can train ourselves and get familiar with the software and how to work with that software. They are providing a chm , this is like a help manual foir the usage of this system and we can get used to it , so that we dont need to face any problem while integrating with the studio and getting confused . here is the link from where you can access all the software downloads and all the other help manual and other details about this site , There are also many advantages these can also be got in the site as below in the link.

Visual Studio SVN integration Thanks for spending your time useful in seeing how we can integrate the above mentioned things with the software.

Posted by Mahesh ( Tryangled )