May 12, 2008

What we missed!!

HTC launches The Diamond!! expected to be an iPhone killer.
Lately there's been lot of iPhone killer products that came out in market but none of them has live to come even close to challenge iPhone but The Diamond could just change that. Here's what you'll see in The Diamond:-

i) Windows Mobile 6.1
ii) VGA Screen
iii) Quad-band HSDPA 7.2
iv) One-touch navigation, single-finger dialing
v) The accelerometer rotates pictures as you rotate the phone
vi) One-touch music playback
vii) An animated weather forecast app
viii) Full web browser—Opera—with zoom-in
ix) Microsoft promises IE 6 coming soon
x) Youtube app
xi) Orange mobile TV

Expect more from The Diamond people. And I certainly hope iPhone won't keep silent. Start the competition people!!!

Microsoft pulling out from the takeover bid
When Yahoo just couldn't agree on $33 share and wanted $37 to 38$ share then that was enough for Steve Ballmer to quit the acquisition of Yahoo. The respond letter below:-

Dear Jerry:

After over three months, we have reached the conclusion of the process regarding a possible combination of Microsoft and Yahoo!.

I first want to convey my personal thanks to you, your management team, and Yahoo!'s Board of Directors for your consideration of our proposal. I appreciate the time and attention all of you have given to this matter, and I especially appreciate the time that you have invested personally. I feel that our discussions this week have been particularly useful, providing me for the first time with real clarity on what is and is not possible.
I am disappointed that Yahoo! has not moved towards accepting our offer. I first called you with our offer on January 31 because I believed that a combination of our two companies would have created real value for our respective shareholders and would have provided consumers, publishers, and advertisers with greater innovation and choice in the marketplace. Our decision to offer a 62 percent premium at that time reflected the strength of these convictions.

In our conversations this week, we conveyed our willingness to raise our offer to $33.00 per share, reflecting again our belief in this collective opportunity. This increase would have added approximately another $5 billion of value to your shareholders, compared to the current value of our initial offer. It also would have reflected a premium of over 70 percent compared to the price at which your stock closed on January 31. Yet it has proven insufficient, as your final position insisted on Microsoft paying yet another $5 billion or more, or at least another $4 per share above our $33.00 offer.

Also, after giving this week's conversations further thought, it is clear to me that it is not sensible for Microsoft to take our offer directly to your shareholders. This approach would necessarily involve a protracted proxy contest and eventually an exchange offer. Our discussions with you have led us to conclude that, in the interim, you would take steps that would make Yahoo! undesirable as an acquisition for Microsoft.

We regard with particular concern your apparent planning to respond to a "hostile" bid by pursuing a new arrangement that would involve or lead to the outsourcing to Google of key paid Internet search terms offered by Yahoo! today. In our view, such an arrangement with the dominant search provider would make an acquisition of Yahoo! undesirable to us for a number of reasons:

• First, it would fundamentally undermine Yahoo!'s own strategy and long-term viability by encouraging advertisers to use Google as opposed to your Panama paid search system. This would also fragment your search advertising and display advertising strategies and the ecosystem surrounding them. This would undermine the reliance on your display advertising business to fuel future growth.

• Given this, it would impair Yahoo's ability to retain the talented engineers working on advertising systems that are important to our interest in a combination of our companies.

• In addition, it would raise a host of regulatory and legal problems that no acquirer, including Microsoft, would want to inherit. Among other things, this would consolidate market share with the already-dominant paid search provider in a manner that would reduce competition and choice in the marketplace.

• This would also effectively enable Google to set the prices for key search terms on both their and your search platforms and, in the process, raise prices charged to advertisers on Yahoo. In addition to whatever resulting legal problems, this seems unwise from a business perspective unless in fact one simply wishes to use this as a vehicle to exit the paid search business in favor of Google.

• It could foreclose any chance of a combination with any other search provider that is not already relying on Google's search services.

Accordingly, your apparent plan to pursue such an arrangement in the event of a proxy contest or exchange offer leads me to the firm decision not to pursue such a path. Instead, I hereby formally withdraw Microsoft's proposal to acquire Yahoo!.

We will move forward and will continue to innovate and grow our business at Microsoft with the talented team we have in place and potentially through strategic transactions with other business partners.
I still believe even today that our offer remains the only alternative put forward that provides your stockholders full and fair value for their shares. By failing to reach an agreement with us, you and your stockholders have left significant value on the table.

But clearly a deal is not to be.

Thank you again for the time we have spent together discussing this.

Sincerely yours,

Steven A. Ballmer
Chief Executive Officer
Microsoft Corporation

Yahoo:- "Hey I didn't say we wanted to end the deal!!"
Confusion flying everywhere in Yahoo when Jerry Yang stated that they were ready to make the deal and Microsoft just walked out in blue. But the real question now is "Will Yang continue to be CEO of Yahoo?" because it was Bostock who issued the statement from Yahoo on May 3rd about $37 - $38 share not Yang, so is Yahoo prepared for making Bostock the CEO and start renegotitaing for the deal again?? Well till now there hasn't been any news on that but as we speak now the share market of Yahoo just keeps falling, there might be slight uprise of the share now and then but it tumbles down again. May God save Yahoo!!!

Microsoft giving a bonus
When there was a delay in the update of XP SP3 Microsoft just gave Windows user with not just the update on SP3 but also on Vista SP1. Finally a reason to be happy and that too coming from Microsoft!!

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