Wall Street JournalDon't Put HP Back in the Garage YetWall Street JournalBy SPENCER JAKAB During a week dominated by headlines about Silicon Valley's newest public company, spare a thought for its oldest one. Hewlett-Packard Co. is expected to …
Moneycontrol.comSilicon Valley takes Facebook IPO performance in strideEconomic TimesSAN FRANCISCO: Facebook's lackluster initial public offering performance is a black eye for many on Wall Street and could have ramifications for similar upcoming d…
GigaOMGoldman Sachs Spreads Tech Investments After FacebookBloombergGoldman Sachs Group Inc. (GS), the bank which last week doubled its money from a 2010 bet on Facebook Inc. (FB), is ramping up investments in Web startups, underscoring the allure of h…
msnbc.comWeddings and divorces expected after IPOFinancial TimesBy April Dembosky in San Francisco Divorce lawyers and wedding planners have been gearing up for the Facebook IPO, waiting for the influx of wealth in Silicon Valley to stir up drama in ro…
Los Angeles TimesIn Silicon Valley, they've got it but don't flaunt itSacramento BeeBy Somini Sengupta Fabulous home theaters are tucked into the basements of plain suburban houses. Custom jeans that start at $1200 can be detected only by a tin…
It’s no wonder Yahoo! Inc. (Nasdaq: YHOO) investors are pissed. I would be too if I owned Yahoo – but I don’t.
Why not?
Maybe it’s the four CEOs in five years, the botched sale to Microsoft in 2008, or a Chief Executive Officer who can’t be bothered to verify his own credentials in SEC filings.
Or maybe it’s the dysfunctional board of directors and the erosion of massive amounts of shareholder value over the years.
Add it all up and you have an unmitigated disaster on your hands.
Activist shareholder Daniel Loeb, who owns 5.8% of the company through his hedge fund, Third Point, LLC, has every right to be angry and vocal about it.
The way I see things, Yahoo is following what I call the Christopher Columbus School of Management: it has no idea where it’s going, has no idea where it’s been and has no idea what to do when it arrives.
The Search for an Identity at Yahoo (Nasdaq:YHOO)
Yahoo was ostensibly a search engine in the beginning. The latest outgoing CEO, Scott Thompson, had been trying to rebuild the beleaguered Silicon Valley company into one more reflection of his own strengths in data personalization as opposed to the bloated advertising-driven business it has become.
Whether or not Thompson would have succeeded is now a moot point. Incoming interim CEO Ross Levinsohn has an advertising background. Talk about a conundrum.
Here’s the thing…
SlashGearPinterest Raises $100 Million With $1.5 Billion ValuationWall Street JournalBy PUI-WING TAM Pinterest, the online scrapbooking website that has become a Silicon Valley darling because of its rapid user growth, has raised $100 million in a fina…
This is a repost of a post from Capitalstool.com by Sandy Beach. I know most of the members of this board are active technical traders…
Going broke fast is a very compelling problem. For ordinary people it tends to induce chicken-with-no-head syndrome – a mad burst of pointless locomotion ending in sudden collapse. If the US debt ceiling is raised – which I think is a 90 percent bet…
Wired
Although the unemployment rate in the Big Apple remains over 9 percent — roughly double what’s considered healthy — the demand for programmers and engineers to work in the city’s burgeoning internet startup scene is stronger than it�…
