We can already hear the moans and groans, but nevertheless, a Yahoo investor has proposed a new deal today to sell the search company to Microsoft for $22 a share. That figure represents a 74 percent premium on the company's current stock price.
The proposal calls for Microsoft to "unload Yahoo's Asian assets and non-search businesses, extract $3 billion worth of cost savings, and receive $2.8 billion of tax benefits," Reuters reports. All tallied up, the deal would have Microsoft paying $10.3 billion for Yahoo's search business.
Mithras Capital, the investment fund who came up with the proposal, owns a 14 percent stake in Yahoo (1.9 million shares) and said in a press release that if approved, Microsoft would be buying Yahoo's search business for $2 billion less than what it offered in July.
Whether or not anything comes out of this remains to be seen, but it's worth noting that Yahoo today fell into the $12 per share range for the first time.
Those kooky hackers, what will they think of next? The latest fad sweeping the underground community involves a new type of attack (new in how it's being used, anyway) dubbed 'clickjacking,' whereby surfers click on seemingly harmless websites only to end up unknowingly forfeiting control of their webcam and microphone.
So far, clickjacking has been confirmed to affect Adobe's Flash player and for every major browser, such as Firefox, Internet Explorer, Opera, Safari, and yes, it affects Google's Chrome browser too.
"It is a very serious problem," said Giorgio Maone, author of the NoScript Firefox extension. "Clickjacking is a very simple attack to build, and now that the details are out, any script kid can try it successfully. There's no estimate to the number of trap sites."
Maone went on to warn that clickjacking is impervious to signature-based scanning. Adobe has recognized the threat as being "critical" and is instructing users on how to turn off Flash access to webcams and microphones. But is it a cure all? According to Robert Hansen, CEO of SecTheory, Flash clickjacking represents but a single variant of what could turn out to be a widespread threat, and that the only real fix will be in changing existing web standards, not the individual applications themselves.
Find out how the latest version of NoScript helps Firefox users fight back against clickjacking after the jump.
AMD earlier this week announced plans to split into separate design and manufacturing companies. As part of the split, AMD will retain 44.4 percent ownership in the spinoff of its manufacturing plant - temporarily called The Foundry - with the Abu Dhabi government-formed Advanced Technology Investment Company owning the rest.
Just hours after the announcement was made, Intel said it was investigating whether or not the new company violates a chip licensing agreement it has with AMD. Under terms of the original agreement, AMD has been allowed to use Intel's x86 chip instruction set in exchange for paying Intel a royalty. According to AMD, nothing has changed that would invalidate the cross-licensing.
"We are completely confident the structure of this transaction takes into account our cross-license agreements," Phil Hughes, and AMD spokesman, wrote in an email. "Rest assured - we plan to continue respecting Intel's intellectual property rights, just as we expect them to respect ours."
Not all financial experts agree with AMD's assessment. Hans Mosesmann, a financial analyst with Raymond James, believes AMD probably is violating the cross-license agreement, but doesn't necessarily believe Intel would turn it into a legal matter. Instead, Mosesmann writes that Intel may choose to use it as leverage to "entice AMD to drop the anti-trust suits against Intel in return for this altruistic gesture."
Cheap memory prices are taking a toll on chip manufacturers, with Micron last week reporting a $344 million fourth quarter loss, the seventh quarter in a row the company has been in the red. The fallout of another quarterly loss was to fall on the shoulders of executives, who Micron said would see a 20 percent pay cut. Now it appears it won't be enough.
In addition to the high level pay cuts, Micron now says it plans to reduce its global workforce by about 15 percent. The job reduction is part of a restructuring plan and will be rolled out over the next two years with most of the cuts taking place in Boise, Idaho.
"The combination of declining customer demand and product oversupply in the marketplace has driven selling prices for NAND flash memory significantly below manufacturing costs," Micron said in a statement.
Because of this, IM Flash Technologies (IMFT), which is a joint venture between Micron and Intel, will stop producing NAND flash memory from Micron's Boise facility, a move that will reduce IMFT's flash production by about 35,000 wafers per month.
Certain legislations like the Federal Rules of Civil Procedure have made e-mail archival very important for business enterprises. Furthermore, the whole business of e-mail retention is theoretically poised to benefit from the current financial crisis.
Google has announced that business users of its “Google Message Discovery” will now have the option of retaining their emails for up to 10 years for $45 per person per year – probably having sensed the boom. Hitherto, it only offered e-mail archival, retention for up to one year and charged $25 per user per year. The service is compatible with Microsoft’s Exchange and IBM’s Lotus Domino email systems.
Asustek has established itself as a major netbook manufacturer with its Eee PC range. However, due to the fierce competition on view in this vernal segment, Asus will have to constantly make useful additions to the Eee PC range to stay in command.
Hu promised that the company will begin shipping Eee PCs with dual-core Atom processors as soon as the processors arrive in the market. Also on the cards is a cheap SKU with a price tag of around $300.
“Beginning November 18th players across North America and Europe will journey with the dwarves deep into Middle-earth to reclaim the ancient kingdom of Khazad-dûm from the minions of Saruman,” said Jeffrey Steefel, executive producer of The Lord of the Rings Online.
And no, this isn't a loquacious announcement that LOTRO has slipped to November 18th, 2009 -- but that'd make far more sense than what Turbine is actually doing.
For the uninitiated (aka, those who don't read article titles), WoW: Wrath of the Lich King -- possibly the most-anticipated MMO expansion ever and one of the few 2008 PC releases that can challenge Spore to a bout of sales-fisticuffs and match the game blow-for-blow -- is crashing down the gates (and probably its own servers) on November 13th. Add to that the fact that LOTRO is basically WoW plus little big-footed people and minus about 9 million players, and you have a painstakingly composed financial suicide note ready to go.
Find out why Turbine chose to face the Lich King's wrath head-on after the break.
The largest and second largest PC manufacturers in the world, HP and Dell respectively, haven’t taken an instant liking to WiMax it seems. The launch of the first commercial WiMax network in Baltimore, earlier this month, inspired OEMs Acer, Aspire, Lenovo and Toshiba to launch WiMax-enabled notebooks. However, Dell and HP did not rush to take advantage of the launch.
Moving to the largest PC supplier HP, even though the company is testing WiMax it has no immediate plans of offering support for the technology in its notebooks. It has asked its customers to explore the option of purchasing WiMax enabled PC card, USB dongle or ExpressCard, if they are keen on using WiMax. Dell and HP want to wait until WiMax becomes available in other major cities.
Many of the modern soldiers are currently saddled with battery packs that can weigh upto 20 pounds. The batteries, of course, are used to power the wide gamut of equipment that a modern soldier carries with him. However, the soldiers can now heave a sigh of relief as a wearable power system is soon going to replace the heavy batteries.
The team of America’s DuPont and Germany’s SFC Smart Fuel CellSFC Smart Fuel Cell has won the $1 million Wearable Power Prize organized by the Pentagon with its M-25 fuel cell. The M-25 weighs only 3.71 kilograms and can provide 20 watts of average power for 96 hours. The wearable system includes a fuel cell and a battery. The army has already begun using the system, though in a limited way.
The Eye-Fi line of Wi-Fi enabled SD cards just keeps getting more social. The October update of the Eye-Fi Manager, in addition to adding à la carte support for geotagging, webshare, and hotspot access service updates, also adds support Twitter and RSS integration. You can use Twitter to tell your contacts when you have new photos posted on line, and RSS support enables you to publish pictures in real-time to your preferred RSS aggregator.
Eye-Fi now offers cards through its online store as well as at an ever-growing list of retailers.