internet posts on CNET - Page 182


Internet Week New York: Men in expensive suits and women in, um, very little

NEW YORK--Thus far, my experience with the Internet Week New York party scene has one of dichotomies. On Wednesday I went from a lively dance floor to a room full of awkward male Kevin Rose groupies. Then, on Thursday, the social agenda involved one event that was impeccably classy and one that was so consciously puerile that it could only have come from CollegeHumor.

The earlier gathering was the latest installment of Founders Club, a series of quarterly events that pull together a bunch of local A-list entrepreneurs with the VCs who fund them and the big-media folks who want … Read more

Yahoo's Yang issues letter to the company troops

As the proxy fight heats up, Yahoo CEO Jerry Yang issued a letter to employees to address the mechanics of a proxy contest and what to expect.

Yang's letter comes as Yahoo and billionaire investor Carl Icahn have exchanged several rounds of proxy fight letters over the past few days. The fevered pitch between the two parties is expected to further accelerate in the coming weeks leading up Yahoo's August 1 annual shareholders' meeting.

Icahn is seeking to unseat Yahoo's board of directors with his own dissident slate, while Yahoo is working to persuade investors to re-elect … Read more

Icahn sets price tag for Yahoo

This post was updated at 1:38 p.m. PDT, with Yahoo's closing price.

Making his first public statement on a specific purchase price for Yahoo, billionaire investor Carl Icahn on Friday told the company's chairman to offer up Yahoo to Microsoft for $34.375 a share.

The topic of price, which Icahn was coy about during his interview on CNBC earlier this week, was one of two interesting nuggets in his saber-rattling letter to Yahoo's chairman Roy Bostock. That letter was one of several Icahn has sent to Yahoo since launching his proxy fight.

The second … Read more

Carl Icahn lays out 5-point game plan for Yahoo

This post was updated at 9:59 a.m. PDT with Yahoo's response.

After a one-day lull in the Yahoo-Icahn war of words, billionaire investor Carl Icahn on Friday listed his five-step game plan for the company, should his dissident slate of directors succeed in unseating Yahoo's current board at the August 1 shareholder meeting.

In a letter to Yahoo chairman Roy Bostock, Icahn states:

You asked, "What exactly would happen to our company if you and your nominees were to take control of Yahoo?" I will give you my perspective on that.

First, I would … Read more

Next up, Yahoo's dog-and-pony investor show

Yahoo investors got a taste Wednesday of the Yahoo-Carl Icahn dog fight. Next up--the dog-and-pony show.

Billionaire investor Carl Icahn and Yahoo, embroiled in a proxy fight, will be taking their respective fix-it strategy messages on the investor road show circuit once they file their definitive proxies with the Securities and Exchange Commission. These investor road shows will be crucial, as both parties seek to woo investors to vote for their opposing slate of Yahoo board members.

Yahoo declined to comment on when it will be filing its finalized proxy, and Icahn did not return calls for comment. But proxy … Read more

Microsoft to release seven bulletins on Tuesday

Microsoft is planning seven security bulletins for its Patch Tuesday this month, the company announced Thursday.

Three of the bulletins are deemed critical by Microsoft, and cover Bluetooth, Internet Explorer, and DirectX. The Internet Explorer bulletin is expected to be cumulative and might include some remediation for the Safari for Windows vulnerability disclosed last month by Nitesh Dhanjani.

Three of the bulletins are termed important, and cover WINS, Active Directory, and PGM. One of the bulletins is considered moderate and covers kill bits.

The bulletins will be released on Tuesday.

Who's afraid of online video? Not Michael Eisner

NEW YORK--As head of Web video studio Vuguru, longtime entertainment exec Michael Eisner has been on a sort of tent-revival tour for the past few years, preaching the gospel of Internet video. On Thursday, his audience was the ad industry, and he was there to tell them not to be fazed by disappointing revenues on Web video.

"I'm seeding what I think will be a future business," Eisner explained. He's been vocal in admitting that online video isn't a profitable business yet. But it will be, he emphasized, and he wanted to position himself to … Read more

Internet Week New York's party scene off to a testosterone-fueled start

NEW YORK--Predatory women of the Samantha Jones variety would've done well to hightail it to Brooklyn on Wednesday night. Social news site Digg took over the massive Studio B nightclub for an Internet Week New York party and live taping of the Diggnation video podcast, and the place was filled almost exclusively with men under the age of 30. There were more getting turned away at the door. Ladies, I'm sure they could've used some hugs.

It was an event that the Silicon Alley Insider's Dan Frommer described as "two thousand sweaty dudes in a … Read more

Icahn in dilemma over Yahoo severance plans

Billionaire investor Carl Icahn is in a bit of a conundrum.

On Wednesday, in a letter sent to Yahoo's chairman, Icahn called on Yahoo's board of directors to rescind the company's controversial employee severance plans, fearing it was an impediment to a Microsoft buyout deal.

But as reported Tuesday, Icahn's proxy fight is what's keeping the controversial severance plans in play.

Icahn's proxy fight is considered a "potential change in control," which means Yahoo's board can't voluntarily remove the severance plans, attorneys say.

So, what are his options?

A. Give … Read more

Icahn to Yahoo: Nix the poison pill, now

Editor's note: Updated on June 4, Wednesday, at 3:06 p.m. PDT with comments from Carl Icahn during an interview on CNBC.

Billionaire investor Carl Icahn, who is waging a proxy fight with Yahoo, sent a letter to Yahoo Chairman Roy Bostock on Wednesday. Here's his letter in its entirety:

Roy Bostock Chairman Yahoo! Inc. 701 First Avenue Sunnyvale, CA 94089

Dear Mr. Bostock:

I have long been cynical about the effectiveness of many of the boards and CEOs in this country and as a result the inability of our companies to compete. I have constantly complained … Read more