Word: yahoo
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Minnesotans are polite people who tend to deal with provocation by sidestepping it, ignoring it, chuckling at it, trying to find a charitable explanation. But the Governor, in plain English, is a Yahoo who has never confessed to a single regret or second thought and who struts around St. Paul, a big small town, with a retinue of bodyguards, emitting a great air of celebrity, scorning the local press while courting the national media. People do their best to grin and go along with it, but eventually you have to tell him to shut the hell...
...information and control dissent are not only counterproductive to a healthy economy and society, they are also, in the age of satellites and the Internet, futile. Among the most common sounds in Shanghai now is the chirping of cell phones. And last week I kept bumping into folks--from Yahoo's Jerry Yang and AOL's Steve Case to my dinner companion Liu Mingkang and Beijing Internet cafe founder Edward Zeng--who are launching digital-information services...
...January when the hot cable broadband company At Home announced that it was using its amped stock to merge with the Yahoo-wannabe Excite. The match was hailed as a commonsense combination of access and content -- "The Media Network of the Next Century" -- and the value of the two companies soared on the prospect of a broadband portal. Doerr's firm Kleiner Perkins was at the center of the deal, having helped launch both companies (which not so coincidentally were across the street from each other in Redwood City, California). More...
...mean to you? Be especially careful what funds you buy for the rest of the year. High-flying (and often fast-trading) Internet funds are ripe for large taxable distributions. Take Amerindo Technology Fund, up 389% the past 12 months. It just sold most of its huge stake in Yahoo, and says that this year it will have its first distribution since inception. Wait before buying. But if you already own, don't sell to avoid the distribution. You'd realize a huge taxable gain on your fund shares...
...half? Have fun in a 500-channel medium. Or 5,000. Or 5 million. "You'll be competing for people's attention whether you're a radio website, a TV site or my grandmother's birthday-party site," says Todd Wagner, CEO of Broadcast.com the online video site that Yahoo snapped up last summer for $5.7 billion...