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Microsoft, the sleeping giant, wakes again
Yahoo's board of directors has decided to reject the offer, a person familiar with the matter said Saturday. The person, who is close to Yahoo management, said the company planned to tell Microsoft in a letter Monday that the deal undervalues the Internet company and fails to offset its risk if regulators were to overturn the merger.
Although Yahoo doesn't want to sell to Microsoft, it has few alternatives. Many analysts expect Microsoft to sweeten its offer, and Yahoo to accept it.
If it wins Yahoo, the Redmond, Wash.-based software giant will have pulled off by far the largest acquisition in its 33-year history to try to keep Google from getting further ahead.
"Microsoft tends to be a reactive company," said Mark Anderson, an entrepreneur and author of an industry newsletter that counts Gates and Microsoft Chief Executive Steve Ballmer among its subscribers.
Kay Scarpetta knifed by Agent Lesbian
LIKE all the best romances, it began with a smouldering glance and "electricity in the air". It ended with a bungled kidnapping, attempted murder and salacious accounts of lesbian hanky panky. More than a decade after Patricia Cornwell, the bestselling crime novelist, was unwittingly thrust into an explosive tabloid saga involving revenge, obsession and scantily clad FBI agents, one of the leading characters has decided to tell her story. In Twisted Triangle, a book to be published in April, Cornwell’s brief lesbian dalliance with an FBI instructor named Margo Bennett is subjected to excruciating scrutiny - not to mention excruciating prose of the "As their eyes met . . ." variety. Bennett’s decision to tell her story to a professional ghost-writer has reopened a painful but mostly farcical episode of seduction, betrayal and bullet-proof vests.
Mr. Rogers' Neighborhood: Phinney on Phinney
Taylor Phinney's pursuit win at the UCI World Cup in Los Angeles over the weekend sure makes us look smart for putting him and Danny Summerhill on our awards-issue cover. Thanks, Taylor. We gave the 17-year-old Phinney and 18-year-old Summerhill our “juniors of the year" award for their 2007 accomplishments, which included Summerhill's silver medal at the world junior cyclocross championship and Phinney's gold at the world junior time trial championship — the first-ever gold in that discipline for an American junior man. Phinney had begun his second season of racing with a virtual tie for the overall win in the Category 2 Tour of the Gila, racing against men twice his age. He next took the overall win at July's Tour l'Abitibi, then shocked the cycling community in October by winning the national pursuit title at his first-ever velodrome competition.
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