Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
My Profile
Top News
Reuters top ten news stories delivered to your inbox each day.
Subscribe
You are here:
Home
>
News
>
Technology
>
Article
Home
Business & Finance
News
U.S.
Politics
International
Technology
Internet
Entertainment
Sports
Lifestyle
Oddly Enough
Health
Science
Special Coverage
Video
Pictures
Your View
The Great Debate
Blogs
Weather
Reader Feedback
Do More With Reuters
RSS
Widgets
Mobile
Podcasts
Newsletters
Your View
Make Reuters My Homepage
Partner Services
CareerBuilder
Affiliate Network
Professional Products
Support (Customer Zone)
Reuters Media
Financial Products
About Thomson Reuters
Yahoo CEO says no pressure for deal despite Bing
Wed Jun 3, 2009 3:34pm EDT
Email | Print |
Share
| Reprints | Single Page
[-]
Text
[+]
SAN FRANCISCO (Reuters) - Yahoo Inc CEO Carol Bartz elaborated on her views on a potential Internet search partnership with Microsoft Corp, even as she stressed that Yahoo was not under any pressure to do a deal and downplayed Microsoft's newly-released search engine.
"Yahoo doesn't have to do anything with Microsoft about anything," Bartz said at an investor conference.
"We are a damned big, important site," she added later speaking at the Bank of America U.S. Technology conference.
Bartz said that combining Yahoo's search technology with Microsoft could provide important benefits of scale, which could improve the company's monetization of its service. And she said a partnership could save Yahoo up to $700 million in costs -- a more conservative figure than some investors had in mind.
The speech was the second recent comment by Bartz regarding a potential deal. Bartz told the audience at the All Things Digital conference last week that any deal for its search assets would require a partner with a "boatload" of money and the right technology.
The comments also come as Yahoo continues to lose ground to Google Inc, which has more than 64 percent share of the U.S. search market, and as Microsoft releases a new version of its search engine, dubbed Bing.
Bartz said Bing will give Microsoft some "uplift" in the search market but will not fundamentally change the competitive dynamics there.
"They're not going to get scale through Bing. They're going to get some temporary interest," said Bartz.
Shares of Yahoo were off 51 cents or 3.1 percent at $16.11 in afternoon trade on Wednesday.
Bartz became chief executive officer of Yahoo in January, replacing co-founder Jerry Yang, whose tenure was marked by Yahoo's rejection of a $47.5 billion acquisition offer from Microsoft.
A priority for Yahoo will be reducing the infrastructure, Bartz said, citing inefficiencies in the development of its various Web sites and unnecessary hoops that advertisers must jump through to buy ads on its sites.
Asked about how much money Yahoo could save through a deal combining its search assets with Microsoft's, Bartz said the potential savings were "not much more" than $500 million to $700 million.
That's less than some of the previous figures that have been cited. A 2008 Microsoft deal proposal, brokered by activist investor Carl Icahn -- who now sits on Yahoo's board of directors -- and separate from the Microsoft acquisition offer for Yahoo, had pegged the annual cost savings of a search partnership at between $1.1 billion and $1.6 billion.
Yahoo responded at the time that no more than $750 million of direct cash costs would be achievable from a sale of Yahoo's search assets.
"People in the past have thrown around big numbers, but they didn't know what they were talking about. And by the way, there's been many cuts since then," Bartz said on Wednesday.
She also noted that any deal with Microsoft would be akin to Yahoo buying Microsoft's Office software, and noted, in response to a question, that she believed it might make sense for Yahoo to purchase Microsoft's money-losing Internet assets, instead of the other way around. Continued...
View article on single page
Share:
Del.icio.us
Digg
Mixx
Yahoo!
Facebook
LinkedIn
Next Article:
RPT-UPDATE 1-GM, Chrysler say dealer cuts crucial to turnaround
also on reuters
From porn to political chaos, UK expenses row spreads
Interview: Web changes exile for Tiananmen leader
Newspapers want government help, not bailout
More Technology News
BlackBerry maker warns on security vulnerability
Sony lifts curtain on new PSP
Palm's Pre: a star is born?
| Video
Opera releases first test version of new browser
Time on social networks almost doubles in a year
More Technology News...
Editor's Choice
Slideshow
A selection of our best photos from the past 24 hours. Slideshow
Most Popular on Reuters
Articles
Video
New Air France debris found, crash remains mystery | Video
Venezuela Chavez says "Comrade" Obama more left-wing
Brazil navy races to pull Air France wreck from sea
Double blast against Obama shows strain on Qaeda
Brazil navy races to pull Air France wreck from sea
Brazil navy races to Air France wreckage
Chinese machine maker's Hummer buy raises eyebrows
GM, Chrysler to face Senate scrutiny on dealers
Obama seeks Saudi king's advice before Cairo speech | Video
Geithner backs strong dlr, says China's assets safe
Most Popular Articles RSS Feed
Video
Air France searchers find debris
Airbus: hunt for black box recorders
Obama escorts Nancy Reagan
Iran prepares for June election
U.S. vet to receive French honor
Shooting in Jerusalem's Old City
Obama in Saudi Arabia
Greater U.S. airpower in Japan
Remembering Tiananmen
Vanished Airbus: search for wreckage
Most Popular Videos RSS Feed
the great debate
Bing just shows Microsoft still needs Yahoo
Eric Auchard
Microsoft's new Web search service Bing is a far cry from the general-purpose tool the company must build or buy to compete effectively with rival Google. Commentary
We want to hear from you
Join the Reuters Consumer Insight Panel and help us get to know you better
Please take a moment to complete our survey
Reuters.com:
Help and Contact Us |
Advertise With Us |
Mobile |
Newsletters |
RSS |
Labs |
Archive |
Site Index |
Video Index
Thomson Reuters Corporate:
Copyright |
Disclaimer |
Privacy |
Professional Products |
Professional Products Support |
About Thomson Reuters |
Careers
International Editions:
Africa |
Arabic |
Argentina |
Brazil |
Canada |
China |
France |
Germany |
India |
Italy |
Japan |
Latin America |
Mexico |
Russia |
Spain |
United Kingdom |
United States
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.