Darrell Proctor is a publishing industry veteran with more than 30 years' experience writing about business, technology and sports. He spent more than a decade at the St. Petersburg Times and later the Rocky Mountain News, where he authored the Mile High Tech blog and was noted for his reviews of consumer electronics and technology. Questions for Darrell? Drop him a line at techexaminer@gmail.com.

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Showing entries for Category: Yahoo

Yahoo finds a way to increase its shares - CEO stepping down

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November 18, 7:15 AM

by Darrell Proctor, Business Examiner

Yahoo investors have been clamoring for changes in the company, and it appears they've gotten at least one of their wishes. CEO Jerry Yang says he'll leave his post as soon as a replacement is found.

That immediately sent the company's shares rising, on the hope Yang's departure will increase the chances of a partnership (or acquisition) deal with Microsoft or someone else.

Yang, one of Yahoo's co-founders, is not leaving the company - he'll go back to his former role focusing on strategy and technology. But he no longer will be an impediment to deals that could help the company solve some of its economic woes. Yahoo shares are down 65 percent from their highs in February after a possible deal with Microsoft was announced.

That Microsoft deal to buy Yahoo for $47.5 billion didn't work out. An advertising partnership with search rival Google recently died as well.

Yang has said he would sell the company for the right price - something most investors have cheered - but it hasn't happened.

Now comes the search for a successor. Expect investor Carl Icahn, a Yahoo board memeber who often swoops in on distressed companies, to have lots of input. The company's chairman, Roy Bostock, will be in charge of finding a replacement.

Executive search firm Heidrick & Struggles has been hired to look for candidates. Analysts say the list could include Jon Miller, former head of AOL; Peter Chernin of News Corp.; Meg Whitman, former CEO of eBay; Dan Rosensweig, former Yahoo COO; and Sue Decker, the company's president.

Topics: Yahoo

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Microsoft goes piecemeal for bigger slice of Web pie

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July 29, 4:43 PM

The deal for Yahoo is unlikely to get done, so Microsoft apparently has decided it will pick up bits and pieces of other Internet properties - and forge alliances with other companies - to increase its Web presence.The latest is a deal to power Web searches... Read More
Topics: Microsoft , Yahoo , Google , Facebook

Yahoo Trying To Again Reassure Investors

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June 26, 12:28 PM

When your stock price is at $22, and that's a third less than another company offered per share, and people perceive that your brand is getting overrun by the competition ... well, you've got to do something to reassure your investors.That's what Yahoo... Read More
Topics: Microsoft , Yahoo

The Art Of The Deal - More Tech Companies Expected To Consolidate

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May 27, 12:33 PM

A conference in New York last week confirmed what many in the technology industry already knew - more companies are making deals, but they're not as big as in previous years.According to a story from Reuters, researcher Dealogic reports that 1,991... Read More
Topics: Microsoft , Yahoo , Google

Microsoft-Yahoo, Round 2

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May 19, 9:33 AM

As predicted, once billionaire Carl Icahn got involved, it was only a matter of time before Microsoft revived its effort to buy Yahoo.Microsoft said in a statement the new deal - in play after MSFT withdrew an earlier $47.5 billion offer - would not... Read More
Topics: Microsoft , Yahoo , Internet

Tech Community Waiting For Microsoft's Next Move

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May 5, 9:54 PM

The news that Microsoft was dropping its bid for Yahoo! has provided plenty of water-cooler talk about what Microsoft CEO Steve Ballmer will do now in his attempt to keep up with Internet rival Google.According to researcher ComScore Inc. of Reston,... Read More
Topics: Microsoft , Yahoo , Google