The government's bill to tap into the $2.4 billion Communications Fund to help pay for the national broadband network was passed this morning after a divided opposition backed down from its blocking stance.
Yahoo announced on Saturday night that it rejected a joint-buyout proposal that Microsoft and investor activist Carl Icahn offered the night before, which called for a "complex restructuring" and sale of Yahoo's search business to Microsoft.
Investor activist Carl Icahn and Microsoft on Monday asked Yahoo investors to oust Yahoo's board and in its place elect Icahn's dissident slate, potentially paving the way for a purchase of the internet company in its entirety or just its search assets.
In a move to add more grist to the mill, an attorney representing Yahoo shareholders brought forth more material to support a call for a speedy hearing date on the company's controversial employee severance plans, according to a letter sent on Wednesday morning to the judge overseeing the shareholders lawsuit.
Yahoo has yet to get a large investor to step forward and defend the search giant, but on Tuesday, it scored a reconfirmation of an endorsement from Legg Mason, its second-largest shareholder, according to a report in The Wall Street Journal.
In Washington and Silicon Valley circles, betting has already begun on who will be the nation's first chief technology officer.
Compaq Computer shareholders have voted 9-to-1 in favour of a deal which may see Hewlett-Packard acquire Compaq, however, the struggle is not over, with the Hewlett family continuing to campaign vigorously against any merger.
HP believes that retaining executive talent is what will make the Compaq merger succeed. But history shows that heroes with lofty resumes aren't always enough to turn things around.
No, not the company -- just ancillary products. This file-sharing craze has definitely moved out of the limelight and into the microwave; counterculture youths are cooking up more than their share of freeze-dried Napster yum-yums. Are you a true supporter?
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Sun shining on Ajnaware
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Chapman's rough end of the pineapple
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