John Paczkowski

Recent Posts by John Paczkowski

Slim Pickens

T. Boone Pickens has apparently reconsidered his opinion of Carl Icahn. Back in May, the legendary Texas oil and gas entrepreneur bought up 10 million shares of Yahoo (YHOO), confident that Icahn would facilitate the company’s acquisition by Microsoft. “Carl Icahn is a smart guy,” Pickens said at the time. “He does great things for shareholders and now I’m a shareholder. When I saw what he did, I jumped in behind him. … The only thing I know about Yahoo is what [CNBC Host] David [Faber] just told me, and that Carl Icahn is a big shareholder.”

Today Pickens is wishing he’d known a bit more. Outraged over the company’s bungling of the Microsoft (MSFT) bid, the investor has sold his entire stake in Yahoo. At a loss. Said Pickens, “I think that Yahoo management was pathetic.”

Harsh words, and ones that will no doubt still be ringing in investors’ ears at Yahoo’s annual shareholder meeting for Friday.


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work