Author Archives: yiwyn
  • Recount shows big protest vote against Yahoo CEO

    By Yi-Wyn Yen

    Yahoo (YHOO) on Tuesday disclosed that CEO Jerry Yang and other directors were re-elected last week to its board with far fewer votes than previously thought.

    On Tuesday, Yahoo said it learned that Broadridge Financial Services, a proxy accounting firm that handles submitting votes for major shareholders, forgot to include millions of votes in its tally. Five of Yahoo's nine incumbents received a much lower margin of approval after MORE

    - Aug 5, 2008 9:04 PM ET
  • Time Warner says ex-exec can't join Yahoo's board

    By Yi-Wyn Yen

    SAN JOSE, Calif. - Yahoo's shareholder meeting on Friday was pretty dull, but that didn't stop things from getting ugly for the troubled Internet portal as both Time Warner and Microsoft signaled their dissatisfaction with the company.

    Time Warner (TWX) (Fortune's parent company) said that ex-AOL chief executive Jonathan Miller cannot join Yahoo's board because of a non-compete agreement, although Yahoo (YHOO) announced the nomination last week. Meanwhile, Microsoft MORE

    - Aug 1, 2008 7:40 PM ET
  • Yahoo shareholders still angry about Microsoft deal

    By Yi-Wyn Yen

    SAN JOSE, Calif. –Carl Icahn made the right choice not to fly out west to attend the Yahoo shareholder meeting Friday.

    The billionaire activist who is the newest Yahoo director wasn't the only one that didn't show up to the  gathering. Judging by the number of shareholders who did attend, interest in the annual meeting was fairly low. But there were still some fireworks from shareholders who remain disgruntled MORE

    - Aug 1, 2008 5:25 PM ET
  • Billionaire T. Boone Pickens loses millions on Yahoo gamble

    By Yi-Wyn Yen

    Oil billionaire T. Boone Pickens has decided he is not going to follow activist billionaire Carl Icahn to the ends of the earth.

    Pickens told the San Francisco Chronicle that he has sold his 10 million shares of Yahoo (YHOO) for a loss because he doesn't believe a sale to Microsoft (MSFT) is happening.

    Pickens bought the shares in the hopes that Icahn would succeed in getting Yahoo's board to MORE

    - Jul 29, 2008 1:39 PM ET
  • Cuil not a Google killer - yet

    By Yi-Wyn Yen

    Within hours of being launched Monday, Cuil - a new search engine created by former top Google engineers - was already being touted in the blogosphere as the next Google killer. But unless Cuil (pronounced 'cool') can develop an ad platform to rival Google's, the startup will have a difficult time challenging the search giant.

    The comparisons to Google (GOOG) were inevitable. Cuil was founded by several lead engineers MORE

    - Jul 28, 2008 10:15 PM ET
  • Microsoft's "circular conundrum"

    By Yi-Wyn Yen

    To compete with Google (GOOG), Microsoft must get more search traffic so it can sell more advertising.

    An analyst kicked off the Q&A session that wrapped up Microsoft's (MSFT) daylong meeting with Wall Street on Thursday by asking CEO Steve Ballmer how he plans to both increase search queries and relevant ads at the same time. Earlier in the day Ballmer referred to the situation as a circular conundrum MORE

    - Jul 24, 2008 9:53 PM ET
  • Schmidt: iPhone good for Google

    By Yi-Wyn Yen

    HALF MOON BAY, Calif. - Google chief executive Eric Schmidt passed by the Apple store in downtown Palo Alto Tuesday night and saw a line of people waiting outside. Schmidt joked that perhaps Apple (AAPL) fans just like hanging out at the store, but he assumed they were waiting for the next shipment of the iPhone 3G to arrive.

    The success of the new iPhone has the Google (GOOG) MORE

    - Jul 23, 2008 4:06 PM ET
  • Yahoo's not-so-awful quarter

    By Yi-Wyn Yen

    Yahoo's quarterly earnings weren't as bad as everyone thought.

    After both Google (GOOG) and Microsoft (MSFT) last week reported weakness in the online ad sector, investors feared the Internet portal would be in far worse shape. Yahoo's second quarter profits slid 19% to $131 million and its earnings per share fell a penny short of Wall Street's estimates of 11 cents, excluding one-time charges. But company executives remain confident MORE

    - Jul 22, 2008 8:59 PM ET
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  • Are your Facebook friends really your friends?

    By Yi-Wyn Yen

    HALF MOON BAY, Calif. - If you're reading this post, you probably have a Facebook account and you might have encountered a phenomenon on Facebook known as friend deflation.

    Thanks to the popularity of Facebook, some users are getting lots of "friend requests"  - including some from people they don't consider friends. Fortune Brainstorm organizer David Kirkpatrick held a fireside chat with Facebook's chief operating officer Sheryl Sandberg, who was asked how MORE

    - Jul 22, 2008 5:18 PM ET
  • Verizon CEO: Better wireless networking coming

    Tech titans Philippe Dauman (left) and Ivan Seidenberg discuss the future of Viacom and Verizon respectively. Image: Russ Curtis

    By Yi-Wyn Yen

    HALF MOON BAY, Calif. – A common beef among U.S. business travelers is that wireless networks are often much faster and more reliable overseas. Verizon CEO Ivan Seidenberg acknowledged Tuesday that broadband coverage isn't ideal today in the States, but he defended U.S. networks as the drivers of wireless innovation.

    During MORE

    - Jul 22, 2008 2:35 PM ET
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