Google's Chief Executive Eric Schmidt said Tuesday the economic situation is "pretty dire," adding that he does not expect to see improvement until 2010. "Everyone is assuming 2009 is a tough, tough year," he said during an appearance at the Morgan Stanley Technology Conference in San Francisco. Schmidt went on to say while Google and other Internet advertising giants may be better … [Read more...]
Is Microsoft Going “Live” With Kumo.com For Search
According to report by the Wall Street Journal, tonight, it appears Microsoft has been testing it new search platform named Kumo as a replacement to its current platform, live.com It also appears according to a report by theregister.co.uk, that the domain Kumo has recently changed hands from Dascar Samira Facendo of Venezuela, who is also owner of the edu.edu domain, which he's held since … [Read more...]
NY Governor Proposes Tax on All Downloads Including itunes and Porn
I warned last year that state governments desperately looking for new sources of revenue would look to place taxes on downloads including songs and videos from itunes. Today the Governor of New York David Patterson, announced he is proposing a tax on all on Internet downloads. The so-called "iPod tax", would levy a 4% tax on all music and video downloads, including porn. According to … [Read more...]
FaceBook Users Beware: All The Content You Put On FaceBook Belongs To Them, Forever!
Facebook.com's terms of service (TOS) was just updated less than 2 weeks ago. Before the update, the TOS, provided that when you closed an account on FaceBook.com, any original content you uploaded to your FaceBook profile would expire. No more. Now, anything you upload to Facebook can be used by Facebook in any way they deem fit, forever, no matter what you do later. If you close … [Read more...]
Deadly, Silent, Virus Maybe Stealing Your Financial Data
Experts warn that 8 Million Pc's are now effected with a new sleeper virus that allows hackers to steal financial and personal information The Downadup or Conficker worm exploits a bug in Microsoft Windows to infect mainly corporate networks, where, it potentially exposes infected PCs to hijack. Mikko Hypponen, chief research officer at anti-virus firm F-Secure, says while the purpose of the … [Read more...]
New Yahoo CEO Is Getting Paid
The new Chief Executive Officer of Yahoo, Carol Bartz, will receive a compensation package of about $19 million in 2009, in addition to a bonus and stock options, according to a regulatory filing on Thursday. Yahoo will pay Bartz an annual base salary of $1 million, as well as a $10 million equity-and-cash payment. She will also receive an annual equity grant, which in 2009 will be around $8 … [Read more...]
New Yahoo CEO: My Gut Tells Me Not To Sell
The Wall Street Journal is reporting that that during her first company meeting yesterday, new CEO Carol Bartz told employees, her "gut" was telling her not to sell Yahoo's search business to Microsoft. Moreover, according to the same report, Yahoo directors don't feel "there's any pressure at all," to get the Microsoft deal done soon. Yahoo's Shareholders "gut" feeling in reaction, has … [Read more...]