A report in the Times of London in which Microsoft would buy Yahoo’s search business in a convoluted $20 billion deal that would include well-known Internet execs Jon Miller and Ross Levinsohn, is–in the words of one key player–”total fiction.” Actually, that’s Levinsohn speaking, on the record. But that’s also the essential word from all key players regarding the Times’ report. BoomTown has spoken to top sources at Yahoo (YHOO) and Microsoft (MSFT) too and all scoff at such a deal now taking place or that either side has been in any such discussions of late. Yahoo’s entire market...
One of the things I've been saying recently on this blog is that the Dow is full of tired companies and tired stocks. I think the Nasdaq is much more representative of the current american economy than the Dow. And when I came across this chart on Andrew Finkle's blog this morning it got me thinking. This shows the Dow from 1924 to 1939 and the Nasdaq from 1995 to September 2008 (two months ago). It's too bad that the red line doesn't go all the way to this week because it would be even more striking. That's because the...
Note: This post was written in exchange for a crappy spider drawing. Send me a crappy spider drawing along with a subject for a post and I’ll write it, no questions asked. Now that the stock market is hitting new lows and layoffs are on the rise, it’s understandable people are getting a bit bummed out. I’m not exactly a pillar of happy happy joy joy but I’ve managed to maintain an aura of stability, partly because I went through a similarly crappy time at the tail end of the .com crash and harbor an unfortunate love for 1970...