Posts Tagged ‘jerry yang’

2008 – After battle upon battle between Microsoft, Google and shareholders (including Carl Icahn), Jerry Yang finally announced to all he was stepping down. The previous days, Yahoo had hit it’s lowest share price, $8. With that, the failed Google affiliation (due to antitrust issues), and a very despondent group of investors, Jerry felt it best to step back in his roll.

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Other Historical Events in Technology

• USB 3.0 Specification is released
• Apple vs. Carl Sagan
• Veronica is released

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1949 -An Wang files a patent for magnetic ferrite core memory. It was entitled “pulse transfer controlling devices.” This was the first sign and the rise of Wang industries – a company that would be a dominant computer to IBM until it’s fall in 1992.

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Other Historical Tech for the Day

• the Electronic Communications Privacy Act goes into Law
• Windows NT 4 SP4 is released
• Jerry Yang send email to employees and 1,400 cuts

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This was a pivitol week on the Yahoo Proxy battle as everything was approved to go. Carl Icahn was given the green light to lobby shareholders and possibly win control to ready for a new Yahoo. The previous week, we saw all the reports of Carl Icahn making the statement: Jerry Yang must go. This week was no different.

In the meantime, Microsoft made one more offer. This time it wasn’t for the whole company – it was only for the search engine. $35 a share for Yahoo Search. This was significant because this was the same bid Microsoft did back in February for the whole company.

Other great items in the Week in Tech History Quickcast – TI/99 restructures, Jacques Cousteau was born. We also saw Commodore, new Intel and AMD processors and the Ruputer was introduced. All this on the Geekazine Quickcast.

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It was an interesting week of poising as Yahoo and Carl Icahn butted heads over the impending proxy battle for sale of Yahoo to Microsoft. Yahoo was doing everything in it’s power while Icahn made some general statements about CEO Jerry Yang. As the week went on, the mud started to fly.

Yahoo started the volley – but not by Yahoo’s choice. A court document was unsealed in where it outlined the plans for Yahoo to create a plan to pay workers if a takeover happens. Yahoo was going to provide “100 percent equity acceleration for everyone.” A claim that Yahoo might not be able to cover, depending on how the proceedings went.

In the meantime, Carl Icahn stepped up his campaign by making public his plans for Yahoo. It included a reorganization of the Board of Directors, but up until then, it was just a general statement. This week he basically said that CEO Jerry Yang needed to step down.

Yahoo made a statement later in the day and set their Shareholders’ meeting for August 1st, 2008. This would give both parties to wheel and deal for a happy medium.

This was one of many events in the Week in Tech history. Check out all the events in the podcast.

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It was a year ago Sunday that started what I called the soap opera “As the MicroYugo turns”. Microsoft put on a bid for Yahoo of $31 a share – 44.6 Billion in cash and stock. Of course the news went on til August as Yahoo said no, then Carl Icahn stepped up, Yahoo gave him a board seat, Jerry Yang stepped down as CEO and finally in January of 2009 Yahoo replaced him with Carol Bartz. However, did you know that the day before the announcement, former CEO Terry Semel broke all ties with Yahoo?

Some other items of note you’ll hear on the Podcast – It’s Timothy McVey day! The LaMaccia Loophole, Craigslist hitman and Yahoo buys Geocities. The first version of Tetris is released, Commodore 264 and 364 – and Microsoft Vista is released to the General public.

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Tonights show was another great one! We had a lot of friends show up and a bunch of new ones! Brokenshovel was getting a new motherboard, so we talked about the i7 that just came out. We also talked about Apple’s cores and AMD’s struggles.

Someone came on the show concerned they were hacked. We talked about what an IP address does and what the person should do to be more secure.

Finally, in hour #2 we found out that Jerry Yang, CEO of Yahoo! has decided to step down. We talked about who the successor should be. Larry Ellison from Oracle was suggested. I think the best person for the role is Martin Sargent. He has a lot of contacts and can make Yugo a young company again.

All this and a lot more on the LIVE Show.

Hour 1
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No Explanation needed for this one.

So is it Googhoo? Yahoogle? GoogleY? However you want to say it, Yahoo seems to continue to drive the stake in their hearts. Either Jerry Yang has hit a Yahoo midlife crisis or he basically said “If I can’t have it, no one can!”.

This mess ain’t over, either. Just because Microsoft has said they don’t want Yahoo anymore doesn’t mean Carl Icahn is going to back down. Yahoo is falling apart. The rats are leaving the ship. All the trees are still. Pick your metaphor.

First – is the Yahoo Google deal going to hurt or help Yahoo. Right now it’s hurting. Yahoo stock dropped 15% after the deal was made. Yahoo is choosing a bed to sleep in, instead of saying “I’ll take anything”. Being exclusive is nice, but if Google wants to drop Yahoo like a bad habit, they will.

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This week we sit down with Steve Ballmer and Jerry Yang to try and resolve this merger issue. Dr. Eric Schmidt also joins the group. Select the picture to enlarge.

Today Microsoft laid an “Unsolicited” offer of 44.6 billion to acquire Yahoo. According to Steve Ballmer, they can offer Microsoft customers better solutions with the acquisition while also becoming “better positioned” in the online services market. But are we ready for a big takeover like that?

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