John Paczkowski

Recent Posts by John Paczkowski

Well, That Was $36 Million Well Spent …

$36 million. That’s what Yahoo spent in the first half of 2008 for outside counsel on Microsoft’s (MSFT) unsolicited takeover offer and the debacle that followed. “We incurred incremental costs of $36 million primarily for outside advisers related to Microsoft’s proposals to acquire all or a part of the Company, other strategic alternatives, the recently resolved proxy contest, and related litigation defense costs,” Yahoo disclosed in a recent filing with the Securities and Exchange Commission.

$36 million. That’s quite a sum, and one that doesn’t even begin to reflect costs in employee attrition, shareholder confidence and other intangibles–Carl Icahn voodoo dolls, company founder cognitive therapy, etc. $36 million to fumble a deal that would have put a premium of more than 62 percent on the share price of a floundering Internet pioneer. $36 million spent on advisory services for an acquisition deal that was well within reach, but never consummated.

$36 million to walk away from $47.5 billion. And we haven’t yet seen costs for July and Yahoo’s (YHOO) annual meeting. That should set the company back another million in uneaten pastry alone.

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