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	<title>AllThingsD &#187; regulatory filing</title>
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		<title>Motorola Mobility Shareholders Approve Acquisition by Google</title>
		<link>http://allthingsd.com/20111117/motorola-mobility-shareholders-approve-acquisition-by-google-regulatory-approval-last-hurdle/</link>
		<comments>http://allthingsd.com/20111117/motorola-mobility-shareholders-approve-acquisition-by-google-regulatory-approval-last-hurdle/#comments</comments>
		<pubDate>Fri, 18 Nov 2011 01:38:06 +0000</pubDate>
		<dc:creator>Ina Fried</dc:creator>
				<category><![CDATA[Mobile]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Android]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Motorola]]></category>
		<category><![CDATA[Motorola Mobility]]></category>
		<category><![CDATA[phones]]></category>
		<category><![CDATA[regulatory]]></category>
		<category><![CDATA[regulatory filing]]></category>
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		<guid isPermaLink="false">http://allthingsd.com/?p=145494</guid>
		<description><![CDATA[The company said it now expects the deal won't close before early next year, as it works to complete various regulatory requirements.]]></description>
			<content:encoded><![CDATA[<p>Motorola Mobility said late on Thursday that 99 percent of shares, voting at a special meeting earlier in the day, were in favor of the company&#8217;s deal to <a href="http://allthingsd.com/20110815/gulp-google-buying-motorola-mobility-for-12-5-billion/">be acquired by Google</a>.</p>
<p><a href="http://allthingsd.com/files/2011/11/Motorola-logo.png"><img src="http://allthingsd.com/files/2011/11/Motorola-logo-380x257.png" alt="" title="Motorola logo" width="380" height="257" class="alignright size-Medium380 wp-image-145496" /></a></p>
<p>The company said it is working quickly to complete the deal but, given regulatory filings and <a href="http://allthingsd.com/20110928/feds-taking-close-look-at-google-motorola-deal/">other approvals still needed</a>, it will probably be early 2012 before the deal can close. Motorola had said earlier that the deal should close late this year or early next year.</p>
<p>Google is paying $40 per share, or a total of $12.5 billion, for the company.</p>
<p>&#8220;We are pleased and gratified by the strong support we have received from our stockholders, with more than 99 percent of the voting shares voting in support of the transaction,&#8221; CEO Sanjay Jha said in a statement. &#8220;We look forward to working with Google to realize the significant value this combination will bring to our stockholders and all the new opportunities it will provide our dedicated employees, customers, and partners.&#8221;</p>
<p>Last month, the company said in a filing that it was <a href="http://allthingsd.com/20111031/motorola-mobility-sacks-800/">cutting 5 percent of its workforce</a>.</p>
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		<title>EU Objects to Oracle-Sun Deal</title>
		<link>http://allthingsd.com/20091109/eu-objects-to-oracle-sun-deal/</link>
		<comments>http://allthingsd.com/20091109/eu-objects-to-oracle-sun-deal/#comments</comments>
		<pubDate>Mon, 09 Nov 2009 22:43:06 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[acquisition]]></category>
		<category><![CDATA[Antitrust Division]]></category>
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		<category><![CDATA[database]]></category>
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		<category><![CDATA[EC]]></category>
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		<category><![CDATA[merger]]></category>
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		<category><![CDATA[MySQL]]></category>
		<category><![CDATA[open source]]></category>
		<category><![CDATA[Oracle]]></category>
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		<category><![CDATA[Statement of Objections]]></category>
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		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=28563</guid>
		<description><![CDATA[The European Commission today issued a so-called Statement of Objections over Oracle’s proposed acquisition of Sun Microsystems. Disclosed in a regulatory filing by Sun, the document gives formal voice to the EC’s concerns over the fate of Sun’s open-source MySQL database.]]></description>
			<content:encoded><![CDATA[<p>The European Commission today issued a so-called Statement of Objections over Oracle&#8217;s (ORCL) proposed acquisition of Sun Microsystems (JAVA). Disclosed in a regulatory filing by Sun, the document gives formal voice to the EC&#8217;s concerns over the fate of Sun&#8217;s open-source MySQL database. From Sun&#8217;s filing:</p>
<blockquote class="memo"><p>
On November 9, 2009, the European Commission issued a statement of objections relating to the acquisition of Sun by Oracle Corporation. The Statement of Objections sets out the Commission&#8217;s preliminary assessment regarding, and is limited to, the combination of Sun&#8217;s open source MySQL database product with Oracle&#8217;s enterprise database products and its potential negative effects on competition in the market for database products. The issuing of a Statement of Objections allows addressees to present arguments in response to the Commission&#8217;s preliminary assessment of the competitive effects of a notified transaction. A Statement of Objections is a preparatory document that does not prejudge the European Commission&#8217;s final decision. Any final decision by the European Commission is subject to appeal to the European Court of First Instance.
</p></blockquote>
<p>Indignant that the EC would dare to bring the $7 billion deal into question,  Oracle vowed to take it to the mat in <a href="http://www.oracle.com/us/corporate/press/039824">a harshly worded rebuttal</a>:</p>
<blockquote class="memo"><p>
Oracle’s acquisition of Sun is essential for competition in the high end server market, for revitalizing Sparc and Solaris and for strengthening the Java development platform. The transaction does not threaten to reduce competition in the slightest, including in the database market. The Commission’s Statement of Objections reveals a profound misunderstanding of both database competition and open source dynamics. It is well understood by those knowledgeable about open source software that because MySQL is open source, it cannot be controlled by anyone. That is the whole point of open source.</p>
<p>The database market is intensely competitive with at least eight strong players, including IBM, Microsoft, Sybase and three distinct open source vendors. Oracle and MySQL are very different database products. There is no basis in European law for objecting to a merger of two among eight firms selling differentiated products. Mergers like this occur regularly and have not been prohibited by United States or European regulators in decades.</p>
<p>The U.S. Department of Justice carefully reviewed the proposed acquisition during the normal Hart-Scott-Rodino review and considered it again when the European Commission initiated a second phase review. On both occasions the Justice Department came to the conclusion that there is nothing anticompetitive about the deal, including specifically Oracle’s acquisition of the MySQL database product. The U.S. Department of Justice approved the acquisition without conditions and terminated the waiting period under the Hart-Scott-Rodino Act on August 20, 2009.</p>
<p>Sun’s customers universally support this merger and do not benefit from the continued uncertainty and delay. Oracle plans to vigorously oppose the Commission’s Statement of Objections as the evidence against the Commission’s position is overwhelming. Given the lack of any credible theory or evidence of competitive harm, we are confident we will ultimately obtain unconditional clearance of the transaction.
</p></blockquote>
<p>And Oracle will evidently pursue its case with help from the U.S. Department of Justice’s Antitrust Division, which also issued <a href="http://www.justice.gov/opa/pr/2009/November/09-at-1210.html">a statement</a> on the EC&#8217;s move today:</p>
<blockquote class="memo"><p>
After conducting a careful investigation of the proposed transaction between Oracle and Sun, the Department’s Antitrust Division concluded that the merger is unlikely to be anticompetitive. This conclusion was based on the particular facts of the transaction and the Division’s prior investigations in the relevant industries. The investigation included gathering statements from a variety of industry participants and a review of the parties’ internal business documents. At this point in its process, it appears that the EC holds a different view. We remain hopeful that the parties and the EC will reach a speedy resolution that benefits consumers in the Commission’s jurisdiction.</p>
<p>Several factors led the Division to conclude that the proposed transaction is unlikely to be anticompetitive. There are many open-source and proprietary database competitors. The Division concluded, based on the specific facts at issue in the transaction, that consumer harm is unlikely because customers would continue to have choices from a variety of well established and widely accepted database products. The Department also concluded that there is a large community of developers and users of Sun’s open source database with significant expertise in maintaining and improving the software, and who could support a derivative version of it.</p>
<p>The Department and the European Commission have a strong and positive relationship on competition policy matters. The two competition authorities have enjoyed close and cooperative relations. The Antitrust Division will continue to work constructively with the EC and competition authorities in other jurisdictions to preserve sound antitrust enforcement policies that benefit consumers around the world.
</p></blockquote>
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		<title>So Much for SamDisk</title>
		<link>http://allthingsd.com/20090904/samsung-sans-sandisk-bid/</link>
		<comments>http://allthingsd.com/20090904/samsung-sans-sandisk-bid/#comments</comments>
		<pubDate>Fri, 04 Sep 2009 12:57:34 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[acquisition]]></category>
		<category><![CDATA[digital]]></category>
		<category><![CDATA[Flash]]></category>
		<category><![CDATA[hardware]]></category>
		<category><![CDATA[John Paczkowski]]></category>
		<category><![CDATA[Korea Exchange]]></category>
		<category><![CDATA[license agreement]]></category>
		<category><![CDATA[memory]]></category>
		<category><![CDATA[NAND]]></category>
		<category><![CDATA[offer]]></category>
		<category><![CDATA[regulatory filing]]></category>
		<category><![CDATA[royalty]]></category>
		<category><![CDATA[Samsung]]></category>
		<category><![CDATA[SanDisk]]></category>
		<category><![CDATA[SNDK]]></category>

		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=24094</guid>
		<description><![CDATA[It was fun while it lasted, but Samsung has abandoned its bid to buy SanDisk. In a regulatory filing made nearly a year after its $5.85 billion offer for SanDisk was rejected as too low, Samsung officially called off the effort, which, had it been successful, would have combined two of the largest flash memory producers into a single NAND monstrosity.]]></description>
			<content:encoded><![CDATA[<p><img src="http://digitaldaily.allthingsd.com/files/2009/09/samdisk.jpg" alt="samdisk" title="samdisk" width="350" height="116" class="aligncenter size-full wp-image-24099" />It was fun while it lasted, but Samsung has <a href="http://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSSEO24953220090903">abandoned its bid to buy SanDisk</a>. In a regulatory filing made nearly a year after its $5.85 billion offer for SanDisk (SNDK) was rejected as too low, Samsung officially called off the effort, which, had it been successful, would have combined two of the largest flash memory producers into a single NAND monstrosity that would have dominated the industry.</p>
<p>&#8220;We are no longer planning to pursue the acquisition as there has been no progress since we withdrew our offer as of Oct. 22, 2008,&#8221; the company said in a filing with the Korea Exchange. The announcement comes after the two companies inked a new seven-year NAND flash-memory license agreement, one that will see Samsung paying about half the royalty amount it paid previously.</p>
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		<title>Skype Actually a &quot;Voice Over IP Litigation&quot; Service</title>
		<link>http://allthingsd.com/20090731/skype-actually-a-voice-over-ip-litigation-service/</link>
		<comments>http://allthingsd.com/20090731/skype-actually-a-voice-over-ip-litigation-service/#comments</comments>
		<pubDate>Fri, 31 Jul 2009 12:35:34 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[10-Q]]></category>
		<category><![CDATA[asset impairment]]></category>
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		<category><![CDATA[Janus Friis]]></category>
		<category><![CDATA[John Paczkowski]]></category>
		<category><![CDATA[Joltid]]></category>
		<category><![CDATA[legal dispute]]></category>
		<category><![CDATA[litigation]]></category>
		<category><![CDATA[negotiation]]></category>
		<category><![CDATA[Niklas Zennstrom]]></category>
		<category><![CDATA[purchase price]]></category>
		<category><![CDATA[regulatory filing]]></category>
		<category><![CDATA[Skype]]></category>
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		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=22542</guid>
		<description><![CDATA[What a costly blunder Skype has proven to be for eBay. A $2.6 billion purchase price. A $1.4 billion asset impairment charge. Missed financial targets. And now this: eBay’s plans to spin off Skype next year are being threatened by a legal dispute over the telephony service’s underlying technology.]]></description>
			<content:encoded><![CDATA[<p><img src="http://digitaldaily.allthingsd.com/files/2009/07/skypeerror.jpg" alt="skypeerror" title="skypeerror" width="142" height="142" class="alignright size-full wp-image-22547" />What a costly blunder Skype has proven to be for eBay. A $2.6 billion purchase price. A $1.4 billion asset-impairment charge. Missed financial targets.</p>
<p>And now this: eBay’s plans to spin off Skype next year are being threatened by a legal dispute over the telephony service’s underlying technology.</p>
<p>In a <a href="http://www.sec.gov/Archives/edgar/data/1065088/000119312509157212/d10q.htm">10-Q regulatory filing</a> Thursday, the online auctioneer said it is developing an alternative to that technology, which it licenses from Joltid, a company run by Skype co-founders Niklas Zennstrom and Janus Friis, but there is no guarantee of success. And if it fails in that effort and its legal dispute with Joltid drags on, <a href="http://www.bloomberg.com/apps/news?pid=newsarchive&#038;sid=aY840DkfmyKY">eBay could be forced to shutter Skype</a>.</p>
<p>&#8220;Although Skype is confident of its legal position, as with any litigation, there is the possibility of an adverse result if the matter is not resolved through negotiation,&#8221; the company said. &#8220;Skype has begun to develop alternative software to that licensed through Joltid. However, such software development may not be successful, may result in loss of functionality or customers even if successful, and will in any event be expensive. If Skype was to lose the right to use the Joltid software as the result of the litigation, and if alternative software was not available, Skype would be severely and adversely affected and the continued operation of Skype&#8217;s business as currently conducted would likely not be possible.&#8221;</p>
<p>That doesn’t bode well for eBay’s plans to take Skype public in the first half of 2010. Though <a href="http://www.reuters.com/article/technologyNews/idUSTRE56U03D20090731">the company insists its plans to separate the telephony service have not changed</a>, it’s clear that eBay (EBAY) must resolve these issues before moving ahead.</p>
<p>Certainly, it will be difficult to gin up investor interest in an IPO for a disabled service run by a company that spent billions of dollars to purchase it and failed to secure its underlying technology.</p>
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		<title>Skype Actually a "Voice Over IP Litigation" Service</title>
		<link>http://allthingsd.com/20090731/skype-actually-a-voice-over-ip-litigation-service-2/</link>
		<comments>http://allthingsd.com/20090731/skype-actually-a-voice-over-ip-litigation-service-2/#comments</comments>
		<pubDate>Fri, 31 Jul 2009 12:35:34 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[News]]></category>
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		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=22542</guid>
		<description><![CDATA[What a costly blunder Skype has proven to be for eBay. A $2.6 billion purchase price. A $1.4 billion asset impairment charge. Missed financial targets. And now this: eBay’s plans to spin off Skype next year are being threatened by a legal dispute over the telephony service’s underlying technology.]]></description>
			<content:encoded><![CDATA[<p><img src="http://digitaldaily.allthingsd.com/files/2009/07/skypeerror.jpg" alt="skypeerror" title="skypeerror" width="142" height="142" class="alignright size-full wp-image-22547" />What a costly blunder Skype has proven to be for eBay. A $2.6 billion purchase price. A $1.4 billion asset-impairment charge. Missed financial targets. </p>
<p>And now this: eBay’s plans to spin off Skype next year are being threatened by a legal dispute over the telephony service’s underlying technology.  </p>
<p>In a <a href="http://www.sec.gov/Archives/edgar/data/1065088/000119312509157212/d10q.htm">10-Q regulatory filing</a> Thursday, the online auctioneer said it is developing an alternative to that technology, which it licenses from Joltid, a company run by Skype co-founders Niklas Zennstrom and Janus Friis, but there is no guarantee of success. And if it fails in that effort and its legal dispute with Joltid drags on, <a href="http://www.bloomberg.com/apps/news?pid=newsarchive&#038;sid=aY840DkfmyKY">eBay could be forced to shutter Skype</a>. </p>
<p>&#8220;Although Skype is confident of its legal position, as with any litigation, there is the possibility of an adverse result if the matter is not resolved through negotiation,&#8221; the company said. &#8220;Skype has begun to develop alternative software to that licensed through Joltid. However, such software development may not be successful, may result in loss of functionality or customers even if successful, and will in any event be expensive. If Skype was to lose the right to use the Joltid software as the result of the litigation, and if alternative software was not available, Skype would be severely and adversely affected and the continued operation of Skype&#8217;s business as currently conducted would likely not be possible.&#8221;</p>
<p>That doesn’t bode well for eBay’s plans to take Skype public in the first half of 2010. Though <a href="http://www.reuters.com/article/technologyNews/idUSTRE56U03D20090731">the company insists its plans to separate the telephony service have not changed</a>, it’s clear that eBay (EBAY) must resolve these issues before moving ahead. </p>
<p>Certainly, it will be difficult to gin up investor interest in an IPO for a disabled service run by a company that spent billions of dollars to purchase it and failed to secure its underlying technology.</p>
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		<title>LOL @ AOL</title>
		<link>http://allthingsd.com/20090728/lol-aol/</link>
		<comments>http://allthingsd.com/20090728/lol-aol/#comments</comments>
		<pubDate>Tue, 28 Jul 2009 18:00:12 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[Mobile]]></category>
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		<description><![CDATA[[ See post to watch video ]]]></description>
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		<title>No Worries, Sergey. We Can Make It Back in a Week on Mesothelioma Ads.</title>
		<link>http://allthingsd.com/20090727/google-got-fail/</link>
		<comments>http://allthingsd.com/20090727/google-got-fail/#comments</comments>
		<pubDate>Mon, 27 Jul 2009 23:08:21 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[AOL]]></category>
		<category><![CDATA[digital]]></category>
		<category><![CDATA[financial]]></category>
		<category><![CDATA[GOOG]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[partnership]]></category>
		<category><![CDATA[regulatory filing]]></category>
		<category><![CDATA[revenue]]></category>
		<category><![CDATA[search]]></category>
		<category><![CDATA[share]]></category>
		<category><![CDATA[Tim Armstrong]]></category>
		<category><![CDATA[Time Warner]]></category>
		<category><![CDATA[TWX]]></category>
		<category><![CDATA[value]]></category>

		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=22229</guid>
		<description><![CDATA[When Google took a five percent stake in AOL for $1 billion in 2005, it valued the company at about $20 billion. Last year the search giant wrote down $726 million of that investment. And now, according to a regulatory filing, Google has gone and sold its share back to Time Warner for $283 million, about a quarter of what it originally paid for it.]]></description>
			<content:encoded><![CDATA[<p><img src="http://digitaldaily.allthingsd.com/files/2009/07/ygf.jpg" alt="ygf" title="ygf" width="200" height="200" class="alignright size-full wp-image-22230" />When Google took a five percent stake in AOL for $1 billion in 2005, it valued the company at about $20 billion. Last year the search giant wrote down $726 million of that investment.</p>
<p>Now, <a href="http://sec.gov/Archives/edgar/data/1468516/000095015709000443/ex99-1.htm">according to a regulatory filing</a>, Google (GOOG) has gone and sold its share back to Time Warner (TWX) for $283 million, about a quarter of what it originally paid. Which means that in four years, AOL’s value has declined from an estimated $20 billion to an estimated $5.7 billion.</p>
<p>What an amazing loss of value.</p>
<p>According to the filing, AOL, which will be spun off by Time Warner later this year, made $678 million of the $2 billion in advertising revenue it collected in 2008 from its search advertising partnership with Google. Quite a chunk. AOL CEO Tim Armstrong best hope he&#8217;s able to renew that partnership when it expires at the end of 2010.</p>
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		<title>eBay Plans Options Water Safety Course</title>
		<link>http://allthingsd.com/20090311/ebay-options-not-drowning-waving/</link>
		<comments>http://allthingsd.com/20090311/ebay-options-not-drowning-waving/#comments</comments>
		<pubDate>Wed, 11 Mar 2009 19:00:32 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[eBay]]></category>
		<category><![CDATA[econalypse]]></category>
		<category><![CDATA[economic]]></category>
		<category><![CDATA[employee]]></category>
		<category><![CDATA[financial]]></category>
		<category><![CDATA[GOOG]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[job losses]]></category>
		<category><![CDATA[John Paczkowski]]></category>
		<category><![CDATA[options]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[regulatory filing]]></category>
		<category><![CDATA[restricted stock]]></category>
		<category><![CDATA[retention]]></category>
		<category><![CDATA[share price]]></category>
		<category><![CDATA[stock options]]></category>
		<category><![CDATA[tech]]></category>
		<category><![CDATA[underwater]]></category>

		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=14691</guid>
		<description><![CDATA[Apparently, fear of a deepening recession alone isn’t enough to maintain tech worker loyalty these days--mounting job losses be damned. This week, Google repriced millions of employee stock options that had gone underwater as the company’s share price declined. Now eBay hopes to do the same. The reason: employee retention.]]></description>
			<content:encoded><![CDATA[<p><img src="http://digitaldaily.allthingsd.com/files/2009/03/no_drowningjpg.jpeg" alt="no_drowningjpg" title="no_drowningjpg" width="183" height="180" class="alignright size-full wp-image-14694" />Apparently, fear of a deepening recession alone isn&#8217;t enough to maintain tech worker loyalty these days&#8211;mounting job losses be damned. This week, <a href="http://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSN1054489220090310"> Google (GOOG) repriced millions of employee stock options</a> that had gone underwater as the company&#8217;s share price declined. Now eBay (EBAY) hopes to do the same. The reason: employee retention.</p>
<p> In <a href="http://idea.sec.gov/Archives/edgar/data/1065088/000089161809000075/f51788a1defa14a.htm">a regulatory filing</a> today, the company said it has asked shareholders to approve a plan to offer employees the opportunity to swap underwater stock options for restricted stock. “Like many companies, we have experienced a significant decline in our stock price over the last year in light of the current global financial and economic crisis,” eBay explained in its argument for implementing the plan. &#8220;Because of the continued challenging economic environment and the uncertain impact of our efforts to change our business, we believe these underwater stock options are no longer effective as incentives to motivate and retain our employees.&#8221;</p>
<p>And this may well be the case. That said, you&#8217;d think that <a href="http://digitaldaily.allthingsd.com/20090127/econalypto-redux/">the widespread and fast-mounting job losses in the tech sector</a> would be enough to keep most folks still collecting paychecks coming in to work.  Nice gesture, though.</p>
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