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Microsoft Issues Statement Regarding Yahoo!

Posted by admin on May 19th, 2008

In light of developments since the withdrawal of the Microsoft proposal to acquire Yahoo! Inc., Microsoft announced that it is continuing to explore and pursue its alternatives to improve and expand its online services and advertising business. Microsoft is considering and has raised with Yahoo! an alternative that would involve a transaction with Yahoo! but not an acquisition of all of Yahoo! Microsoft is not proposing to make a new bid to acquire all of Yahoo! at this time, but reserves the right to reconsider that alternative depending on future developments and discussions that may take place with Yahoo! or discussions with shareholders of Yahoo! or Microsoft or with other third parties.

There of course can be no assurance that any transaction will result from these discussions.

Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential

[Source MIcrosoft Press Pass]

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Zune Expands Beyond Music to Deliver Integrated All-in-One Entertainment Experience

Posted by admin on May 6th, 2008

Microsoft Corp. today announced that Zune, the company’s all-in-one digital entertainment brand, is adding new software features and content to the Zune online store, music community and Zune Pass monthly subscription service. Zune is expanding its video store to include downloads of popular television shows from COMEDY CENTRAL, FUNimation® Entertainment, MTV, NBC Universal, Nickelodeon, Starz Media (including Manga Entertainment), Turner Broadcasting, Ultimate Fighting Championship® (UFC) and VH1 that consumers can sync to their device and enjoy on the go. In addition, by further integrating the Zune music community into the core experience, the new software makes it easier for people to find and listen to the music they want, share it with friends, and take it with them wherever they go — whether they choose a Zune Pass or a la carte MP3 downloads. Zune Pass subscribers can now set up automatic, real-time feeds of the music their friends are listening to and add those songs to their collection or Zune device.

Starting today, consumers can choose from more than 800 episodes of popular television series to download and watch on their computer or their Zune, including COMEDY CENTRAL’s “South Park,” FUNimation’s “Afro Samurai” and “Witchblade,” MTV’s “The Hills,” NBC’s “The Office,” “Heroes” and “30 Rock,” Nickelodeon’s “SpongeBob SquarePants,” SCI FI Channel’s “Battlestar Galactica” and “Eureka,” Starz’s “Ghost in the Shell” and “Street Fighter,” Turner Broadcasting’s “Metalocalypse” and “Robot Chicken,” UFC’s “The Ultimate Fighter®” and “Fight Night™,” and VH1’s “Rock of Love” with Bret Michaels. Each television show will be priced at 160 Microsoft Points per episode (approximately $1.99) at launch. With more than 3.5 million tracks, two-thirds of which are available in pure MP3 format, 800 television shows, 4,800 music videos and 3,500 audio and video podcasts, the Zune online store is a great place for consumers to find the entertainment content they want. In addition, the bright, full-color screen on every Zune portable media player delivers a high-quality video experience on the go.

(more…)

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Microsoft Withdraws Proposal to Acquire Yahoo!

Posted by admin on May 4th, 2008

After many failed meetings and Raising Share Prices ,Microsoft has now finally decided to withdraw its proposal to acquire Yahoo.In a letter to Yahoo! CEO Jerry Yang ,Steve Ballmer took out his frustation and disappointment by saying

“I am disappointed that Yahoo! has not moved towards accepting our offer. I first called you with our offer on January 31 because I believed that a combination of our two companies would have created real value for our respective shareholders and would have provided consumers, publishers, and advertisers with greater innovation and choice in the marketplace. Our decision to offer a 62 percent premium at that time reflected the strength of these convictions. ”

Ballmer also thanked him and Yahoo! for consedering their offer and giving them time.

Microsoft chief executive officer ,Steve Ballmer said :-

We continue to believe that our proposed acquisition made sense for Microsoft, Yahoo! and the market as a whole. Our goal in pursuing a combination with Yahoo! was to provide greater choice and innovation in the marketplace and create real value for our respective stockholders and employees

Ballmer Added:-

Despite our best efforts, including raising our bid by roughly $5 billion, Yahoo! has not moved toward accepting our offer. After careful consideration, we believe the economics demanded by Yahoo! do not make sense for us, and it is in the best interests of Microsoft stockholders, employees and other stakeholders to withdraw our proposal.

We have a talented team in place and a compelling plan to grow our business through innovative new services and strategic transactions with other business partners. While Yahoo! would have accelerated our strategy, I am confident that we can continue to move forward toward our goals

Yahoo In reply Yahoo’s Roy Bostock, Chairman of Yahoo! said that offer proposed by Microsoft was less and not in the favour of the company and its stockholders.His comment was :-

We remain focused on maximizing shareholder value and pursuing strategic opportunities that position Yahoo! for success and leadership in its markets. From the beginning of this process, our independent board and our management have been steadfast in our belief that Microsoft’s offer undervalued the company and we are pleased that so many of our shareholders joined us in expressing that view.

Yahoo! is profitable, growing, and executing well on its strategic plan to capture the large opportunities in the relatively young online advertising market. Our solid results for the first quarter of 2008 and increased full year 2008 operating cash flow outlook reflect the progress the company is making.

You can read more about the deals on the press releases :-
Microsoft Press Release
Yahoo Press Release

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Microsoft Raises Yahoo’s Bid to 33$/share

Posted by admin on May 3rd, 2008

Yahoo Microsoft is order to acquire Yahoo is trying all the measures it can to take hold of the company.Recently they met up again to decide on the matter but ended in a no decision state.

Microsoft now has reluctantly agreed to raise its stock and cash offer of $31 a share for Yahoo to about $33, though Yahoo is holding out for $37, sources have told CNBC. The current bid is worth about $42.4 billion.

The dicussions have heated up despite Microsoft Chief Executive Steve Ballmer’s comment on Thursday that walking away from a deal with Yahoo was one of three options the company is weighing.The Wall Street Journal also has reported that Microsoft appeared to be leaning toward initiating a hostile takeover of Yahoo.

Microsoft has promised this would be the week that it spells out its next moves if Yahoo allowed a deadline set for last Saturday to expire on its three-month-old offer to buy Yahoo.

[via CNBC]

Have a Nice Day & Enjoy !

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Windows XP Support not to end on 30th June

Posted by admin on May 3rd, 2008

Microsoft has announced that it wont be finishing it support for WIndows XP on 30th June .

Concerned that customers are confusing the impending end of Windows XP retail availability with the end of support, Microsoft has reminded users that the aged operating system will be supported until early April 2014.

Jared Proudfoot, a manager in Microsoft’s support life cycle group, reiterated the final support dates for Windows XP in a post to a company blog.

“Recently, there have been a number of posts in the blogosphere about Windows XP and the upcoming end of direct OEM and retail license availability,” said Proudfoot. “Some people are interpreting this as the end of support for Windows XP.”

Not so, Proudfoot said. Windows XP will remain in what Microsoft calls “mainstream support” to April 14, 2009, and continue in “extended support” though April 8, 2014, he added. The former delivers free fixes — for both security patches and other bug fixes — to everyone. During the latter, all users receive security updates, but nonsecurity hot fixes are given only to companies that have signed support contracts with Microsoft.

Those are not new dates, Proudfoot reminded customers last week. In early 2007, for instance, Microsoft extended support for Windows XP Home and XP Media Center to the 2009 and 2014 dates to match those already set for Windows XP Professional.

[via Bink.nu]

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