WASHINGTON: US Internet company Yahoo on Monday rejected software giant Microsoft’s three-week ultimatum to accept its takeover offer. Yahoo is responding to a three-week deadline issued by Microsoft Chief Executive Steve Ballmer in a letter
After much internal debate and industry speculation, Yahoo today agreed to be acquired by Microsoft, adding $2.6 billion to Redmond’s original offer of $44.6 billion on Jan. 31 The agreement was reached near midnight last
This Blog Entry is Requested by my friend Kunal Kaushal and is moderated by Payal Jain
dollar.jpg A market based exchange rate will change whenever the values of either of the two component currencies change. A currency will tend to become more valuable whenever demand for it is greater than the available supply. It will become less valuable whenever demand is less than available supply (this does not mean people no longer want money, it just means they prefer holding their wealth in some other form, possibly another currency).
Increased demand for a currency is due to either an increased transaction demand for money, or an increased speculative demand for money. The transaction demand for money is highly correlated to the country’s level of business activity, gross domestic product (GDP), and employment levels. The more people there are out of work, the less the public as a whole will spend on goods and services. Central banks typically have little difficulty adjusting the available money supply to accommodate changes in the demand for money due to business transactions.
NEW YORK: Technology giant Microsoft Corp said on Friday that it had offered to acquire Internet media company Yahoo Inc for USD 44.6 billion in cash and stock.
Microsoft said it had offered to buy Yahoo for USD 31 per share, which it said represented a 62 per cent premium above the company’s closing stock price on Nasdaq on Thursday.
“We have great respect for Yahoo, and together we can offer an increasingly exciting set of solutions for consumers, publishers and advertisers while becoming better positioned to compete in the online services market,” Microsoft Chief Executive Steve Ballmer said in a statement.
Yahoo was not immediately available for comment. Microsoft said it had identified four areas that would generate at least USD 1 billion in annual synergies for the combined entity.
Yahoo shares rose 56 per cent to $29.95 in pre-market trading on Friday following the announcement. US stock index futures also jumped after the news was released.
Yeah, the word computer gives a sense of automation and comfort or a source of entertainment to few, but i was really astonished to see the scene at the local market here in New Delhi. The place is known to be “Nehru Place” and guys trust me its the first time in my life (though its not so long) where i have seen such crazy people for computers. Every single shop out there is selling stuff not in hundreds but in thousands. The market has so much to sell, that some roadside temporary shops are also setup in the middle of nowhere and they are selling second hand RAMs, HDD etc
They repair it and even give warranties at their own. Yeah its the new world the new computer world. I was amazed with the fact that softwares of any company or kind is available there and they were selling it like tea bags … shouting along “software – software” … I was energized to ascertain the situation,mannn everything was so wonderful and I felt i was in a world of my own, just the way i want. Computers all around, geek talks, magazines, CDs etc etc
The scene was pretty bedlam and people were roaming here & there to search the best deal for their computer needs. The local vendors got cut throat competition there and this gives benefit to the end user. The computer hardware is pretty cheap out there, with original warranty and bill.
Jaguar and Land Rover, two iconic auto brands in the United Kingdom, are set to see a change of ownership in the new year, with their current American parent Ford Motor looking to finalise a