Should his dissident slate of directors gain control of Yahoo's board,
But Jerry Yang wouldn't be banished from Yahoo, should Icahn's dissident slate succeed in unseating Yahoo's current board at the August 1 shareholders meeting. Icahn is willing to let Yang hold onto his employee identification key as "chief Yahoo," though his current CEO title would have to go, according to
Also Friday, making his first public statement on a specific purchase price for Yahoo, Icahn told Bostock to offer up Yahoo to Microsoft
The company issued a response Friday to Icahn's latest letter: "His suggestion that we put out a price publicly to see if Microsoft will alter its stated position is ill-advised. As we have stated numerous times publicly and privately, we are open to any transaction including a sale to Microsoft if it is in the best interests of shareholders."
Yahoo had sought to keep the details of the shareholders suit from being made public, but a Delaware Chancery Court judge unsealed the information on Monday.
Among the juicy details is the revelation that Microsoft proposed buying Yahoo in January 2007, it was willing to pay "about $40 per share," according to the suit. The suit charges that Yahoo's directors breached their fiduciary duties by their actions, including failing to negotiate a deal with Microsoft and enacting the compensation plan. It seeks invalidation of the compensation program as well as an injunction barring the directors from engaging in actions contrary to increasing shareholder value.
Under Yahoo's employee severance plans, full-time employees are eligible for severance if they are terminated, wish to resign for a "good" reason, or have their jobs and duties substantially changed within two years after Yahoo undergoes a change in control.
On Wednesday, in
Apple CEO Steve Jobs will
Anyone with even a passing interest in consumer electronics is probably aware that
A source at a software company that has been working on a native iPhone application tells us the company is
Apple is also expected to provide developers with an early version of Mac OS X 10.6 during the conference. The new OS is also rumored to be Intel-only. Users of older Macs running PowerPC chips were able to upgrade to Leopard, but this would mean that Apple will drop PowerPC support with the next release.
Another part of the presentation could involve Apple's .Mac service. One interesting thing to watch for concerning any new version of .Mac is how much of the service Apple keeps in-house, as opposed to bringing a Web-savvy partner like Google into the mix.
News.com will have a live blog up and running during the keynote, which is expected to run from about 10 a.m. PDT on Monday to about 11:30 a.m., so make sure to come back and read about what's actually rolled out, as it happens.
On the green
Car battery company EnerDel predicts that consumers will start
He said EnerDel intends to have a manufacturing line operating in 2010 that is capable of making 300,000 car batteries a year for hybrid electric vehicles that run partially on a battery and partially on an internal combustion engine.