Friday, May 9, 2008, 9:33AM ET - U.S. Markets close in 6 hours and 27 minutes.
Peter Burrows wrote a popular and, as always with Apple, controversial BusinessWeek cover story about Apple's gains in the corporate world. Never mind, its utter lack of trying. He joined me to talk about the story, how this plays in the Mac's overall market share gains and what it could mean for Apple's already strong financials.
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From All Things Digital, May 3, 2008:
After a months-long standoff, Microsoft has abandoned its bid for Yahoo, people involved in the discussions said today.
Microsoft confirmed to BoomTown that talks between the two companies, which have been taking place all week, collapsed Saturday when they could not agree on a price.
According to sources close to Microsoft, the talks broke down this afternoon after a face-to-face meeting in the Seattle area that included Microsoft CEO Steve Ballmer, Kevin Johnson, president of Microsoft's Platforms & Services Division and Yahoo Co-Founders Jerry Yang and David Filo.
According to sources, Microsoft offered $33 a share, and Yahoo countered with $37 a share. The talks went nowhere from there.
Microsoft was also concerned with the lack of friendly integration and other major strategic problems, including...» More
A funny thing is happening amid all the recession talk: Most big tech companies are reporting spectacular earnings and revenue growth, especially those with significant overseas business.
"There's no economic slowdown that's effecting most tech companies," says David Kirkpatrick, senior editor of Internet and technology at Fortune. "Tech stocks are down because the conventional wisdom is 'we're in a recession or heading into one' -- but that's clearly wrong for most tech companies [which] are powering ahead."
Kirkpatrick's comments come in the wake of stronger-than-expected results from IBM, Intel, Google, and EMC in recent weeks, and Amazon.com and Apple last night.
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