Technoworld
A New World of Computers

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

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

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 !

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]

Today google has declared the launch of new integrated Google experience for the iPhone and iPod Touch in 33 new markets and 16 new languages, from Argentina to New Zealand, from Swedish to Chinese.

                                                  Google on the iPhone is a great way to access your most used Google services. Some of its benefits include

•  Fast and fluid search with one-tap access to News, image, local, or web results and search query suggestions when you start typing
• Automatic delivery of Gmail messages (no need to refresh your browser!), and auto-completion of email addresses when typing
• A combined month-and-current-day view of your always-in-sync Google Calendar, and the ability to share pictures with friends and family using Google Photos

                                                  A special Google News edition for the iPhone. Browse the front page or search for results straight from the home page. Enjoy the full catalog of Google News sources and even watch associated YouTube content.

                                                  To try the new edition just point your iPhone or iPod Touch web browser to www.google.com.

                                                  if you use Google Apps ,then you can use your domain name on the iPhone as well. Just bookmark http://www.google.com/m/a/YOURDOMAIN for fast one-click access to Google. Please make sure to replace YOURDOMAIN with your actual domain name.

Have a Nice Day and Enjoy!