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Latest Steve Ballmer Stories

2008-07-09 21:00:13

By Simon Wilson Microsoft threw its weight behind investor Carl Icahn's effort to dump Yahoo's board, saying 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. The unexpected endorsement gives Mr 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 on August 1. It marks the first...

2008-07-09 12:00:00

Microsoft partners meeting in Houston responded with resignation and some optimism Tuesday to the company's move toward more Internet-based software and services, despite worries that it could cut into some of their business. The company unveiled details of the plan during the annual meeting of thousands of partners that form the crucial link between Microsoft and its customers. About 7,500 partners and 2,500 Microsoft employees are attending the Worldwide Partner Conference at the George R....

2008-07-09 03:00:07

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. The unexpected endorsement gives Mr. Icahn a carrot to dangle before Yahoo shareholders as he wages an acrimonious campaign to replace Yahoo's nine directors at its annual meeting Aug. 1. It marks...

2008-07-09 00:00:06

By The Associated Press SAN FRANCISCO (AP) - 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. 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...

2008-07-08 12:00:32

By Benjamin J. Romano, The Seattle Times Jul. 8--Microsoft formally voiced support Monday for billionaire investor Carl Icahn's attempt to replace Yahoo's board of directors, saying it would be ready to discuss a major transaction immediately after Yahoo's upcoming annual shareholders meeting if a new board is installed. The company's statement, released shortly after another stinging rebuke of Yahoo by Icahn early Monday, presents Yahoo investors with a stark choice as they...

2008-07-08 12:00:08

Yahoo! investors hoping for a Microsoft (MSFT) buyout finally got cause for celebration. After losing one-third of its value since a February peak, Yahoo (YHOO) shares rallied on July 7 on news that Microsoft would return to the negotiating table, provided that Yahoo's board gets ousted [BusinessWeek.com, 7/7/08]. "We will be prepared to enter into discussions immediately after Yahoo's shareholder meeting if a new board is elected," Microsoft said in a statement. The stock leaped 12%, to...

2008-07-08 09:00:00

Microsoft said on Monday that it might renew talks to buy Yahoo's search technology or the entire company only after the Yahoo board and its Chief Executive Jerry Yang were ousted. Microsoft said in a statement that a buyout of Yahoo would depend on whether billionaire financier Carl Icahn succeeds in ousting the Yahoo board and Yang. The statement also cautioned: "We respect the right of Yahoo's shareholders to determine the destiny of their company, and we do not intend to engage in...

2008-07-08 09:00:07

By James Thompson Shares in Yahoo soared yesterday after Microsoft said it would reconsider a takeover bid for the company if the search engine specialist's board is replaced. Microsoft and Yahoo were unable to agree takeover terms earlier this year. The billionaire US activist Carl Icahn is trying to replace Yahoo's board at the group's annual meeting next month. The world's largest software company sought to acquire Yahoo to fight back against the search engine market leader Google....

2008-07-08 09:00:07

By Michael Liedtke Associated Press 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. 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...

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2008-07-08 07:50:00

Microsoft Corp. said on Monday that it is ready to reconsider multi-billion dollar buyout negotiations with Yahoo, on the condition that a new Yahoo board is selected. The announcement backs investor Carl Icahn's plan to take control of the board and make several promised changes. The recent development gives Icahn more lucrative bait to wave before Yahoo shareholders as he wages a battle to fire Yahoo's nine directors at the company's annual meeting Aug. 1. Microsoft broke off talks in...


Word of the Day
callithump
  • A somewhat riotous parade, accompanied with the blowing of tin horns, and other discordant noises; also, a burlesque serenade; a charivari.
'Callithump' is a back-formation of 'callithumpian,' a 'fanciful formation' according to the Oxford English Dictionary. However, the English Dialect Dictionary, says 'Gallithumpians' is a Dorset and Devon word from the 1790s that refers to 'a society of radical social reformers' or 'noisy disturbers of elections and meetings.'
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