As reported by various news sources today, a federal class action lawsuit was filed in California against Network Solutions for allegedly front running attempted domain registrations. As most of us are aware last month, it was widely reported that Network Solutions engaged in a practice whereby they would temporarily register any domain name that someone did a whois search for, to see if the … [Read more...]
Online Advertising Revenues Hit 21 Billion in 2007
According to a published report released today, online advertising revenues exceeded $21 billion for the first time in 2007, The Interactive Advertising Bureau estimates that ad revenues grew 25 percent last year from nearly $17 billion in 2006. The estimated gain was $4.2 billion, less than the 35 percent and $4.3 billion growth seen in 2006 over 2005. Analysts have said the growth … [Read more...]
Microsoft Lays Out it Plans for Yahoo
According to a report published by thestreet.com, Microsoft sent out an e-mail to its employees Friday, which they also made public, in which Kevin Johnson, president of Microsoft's platform and services business, laid out some of his thoughts on what Yahoo would look like after the merger. Once the deal is completed, Microsoft would keep Yahoo in Silicon Valley, but the current companies … [Read more...]
Yahoo Sued over Rejected Microsoft Offer
Yahoo and its board of directors have been sued by two Detroit pension funds saying they breached their duties to shareholders in not accepting Microsoft offer of $31 a share. The attorney's are also seeking class action status. Earlier this month, another shareholder, the Wayne County Employees' Retirement Systems, sued the Yahoo board. … [Read more...]
Microsoft Will Not Increase It’s Offer/ Proxy Battle Coming/ Yahoo Passes Severance Plan
According to reports published today, Microsoft will not increase its bid for Yahoo above the $31 a share offered two weeks ago. The same reports states that Microsoft will instead authorize a proxy battle for Yahoo. According to the report Microsoft would nominate a slate of directors by March 13, if Yahoo's board does not enter merger talks with Microsoft. It was estimated that a proxy fight … [Read more...]
Marchex Beat’s Street Estimate
Marchex Inc., one of the companies in our Domain Parking Stock Index, reported 4th adjusted earnings of $3.39 million, or 8 cents a share, above the 6-cent mean stret estimates. Adjusted earnings the prior-year quarter were $5.07 million, or 13 cents a share. In the quarter ended Dec. 31 the company swung to a net loss of $774,165, or 2 cents a share, versus $4.97 million, or a loss of a … [Read more...]
News Corp. and Yahoo in Talks
According to reports, News Corp. and Yahoo are in discussions about combining MySpace and other News Corp.owned online properties with Yahoo. Reportly News Corp. would get a stake in Yahoo, and a private equity firm to contribute cash to the deal. The deal would allow Yahoo to remain independent while giving News Corp. substantial control over a huge array of Internet properties and advertising … [Read more...]