In January we wrote a post asking "Will Microsoft Finally Buy Yahoo". The following week Microsoft made a $31 a share offer for Yahoo while Yahoo shares were trading at $21. Of course as we all know this lead to several months of negotiation, after which Microsoft simply walked away from the deal. On Friday Yahoo closed at just over $12. So now Microsoft could buy Yahoo for say $21 a … [Read more...]
Ok I’ll Ask: Are We Facing Another Great Depression?
The Dow suffered another 680 point drop today. The Dow has fallen 39% from the all-time high hit one year ago today. Shares of GM were down by 31%. Energy and financial stocks also booked deep losses. Morgan Stanley dropped by 26%. Exxon Mobil shares fell 12% The Chicago Board Options Exchange Volatility Index (VIX) surged 11% to 63.57 an all time high and up 10 points since Monday, which … [Read more...]
Did GoDaddy Lie?
A couple of days after Kentucky issued their seizure notice against 141 domain names, we reported that Godaddy had caved into kentucky by tuning over “registrar certificate” to the court in Kentucky, which gives the bearer exercises control of the domain name. The day we published that story we were at TRAFFIC NY. During lunch that same day Howard Neu was told by a Godaddy representative … [Read more...]
Washington Post Quotes The ICA
In an article published today by the Washington Post, concerning the Kentucky seizure of 141 domain names, the article quotes Michael Collins of the Internet Commerce Association. """""Michael Collins, executive director of the Internet Commerce Association, a trade group representing domain name investors and online advertisers. Collins said entire prospect of using the Internet -- not only … [Read more...]
No Wonder This Country is so F*cked Up
So the AIG story continues. Yesterday we learned about the $440K spending orgy held at the St. Regis Monarch Beach last week. We learned that executives from AIG, still employed only by the grace of the US taxpayers, had the balls to rack up $24,000 in spa service, $140K on rooms, $150K on food, $5K for drinks and $7K for golf. Oh yeah did I mention they gave less than $3K in gratuities, … [Read more...]
DomainConsultant.com Issues Buy Recommendation on Domains
DomainConsultant.com issued this press release today telling investors that domains names is the investment to beat this down economy. They tell the story that happened in spring of 2001, Inbox.com was listed on eBay at $4,000 with no reserve. The auction ended without any bids or bidders. After the auction, an astute DomainConsultant.com analyst emailed the seller and offered him $2,000 for … [Read more...]
PizzaHut Rebrands in the UK and Forgets to Register the Domains First
Pizza Hut is temporarily changing its name to Pasta Hut to highlight its eight new pasta dishes, with nine restaurants changing their signage immediately, in the UK It registered the domain Pastahut.co.uk. However it failed to register any other extension including the ..net or .org or .info Not suprising that Pastahut.net, Pastahut.info and Pastahut.org have been registered and the sites … [Read more...]