Sun Microsystems on Tuesday announced preliminary fourth-quarter results that were higher than Wall Street's expectations, sending its shares up more than 11 percent in after-hours trading.
Shares of Sun climbed as high as $9.83 per share in after-hours trading, up from a close of $8.80 a share ...
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Despite a hectic past two months fighting off a proxy battle with investor Carl Icahn, Yahoo is rumored to be sending out buyout feelers for social-networks company Demand Media.
Yahoo's Hilary Schneider, who was recently promoted to oversee the company's U.S. go-to market operations, traveled to Demand ...
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Updated at 2:20 p.m. PDT, with details about an opinion piece by Yahoo board member Gary Wilson in The Wall Street Journal.
After taking a one-two punch from investor activist Carl Icahn and Microsoft on Monday, Yahoo CEO Jerry Yang threw a few punches of his own in ...
Comments (No responses yet)Yahoo's third largest investor offered up some advice Tuesday to dissident shareholder Carl Icahn on what it may take to swing investor votes his way in a proxy fight, according to a Reuters report.
Legg Mason portfolio manager Bill Miller had this observation to offer to Reuters, when queried ...
Comments (No responses yet)Intel and DreamWorks Animation on Tuesday announced a strategic alliance designed to power up the movie studio's 3D authoring tools.
Faced with increasing demand for 3D animated feature films, DreamWorks will receive access to Intel's latest and future high-performance chips, including those with multiple processing cores. Intel's ...
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(Credit: Apple)Apple's MobileMe service is primed to go into this week, ahead of the Friday launch of the iPhone 3G. That means subscribers to .Mac will find the service taken offline for a six-hour stretch as Apple makes the transition, according to a post in MacRumors.com.
The ...
Comments (No responses yet)Investor activist Carl Icahn needed a sign, a tangible sign, that Microsoft was still interested in buying Yahoo, or at a minimum, its search business, if he were to increase his chances of winning his proxy fight to unseat the company's entire board of directors.
On Monday, in a
... Comments (No responses yet)Wall Street is largely keeping a cautious eye on Yahoo, despite Microsoft's announcement on Monday that it is interested in negotiating a possible buyout of Yahoo's search assets, or potentially making a renewed bid for the entire company.
Analysts, overall, still have a "hold" recommendation on the stock, ...
Comments (No responses yet)Yahoo was hit with a one-two punch Monday--first a right jab from Carl Icahn, which is calling for the removal of Yahoo's entire board, and then a left hook from Microsoft, which confirmed its support for Icahn's proxy fight and said it's interested in negotiating a deal ...
Comments (No responses yet)Investor activist Carl Icahn on Monday announced that Microsoft is supporting his proxy battle efforts to unseat Yahoo's board, with the software giant indicating that it is willing to negotiate a potential deal to acquire the company or its search assets with a new board.
Although Icahn and Microsoft ...
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