Archive for June, 2009

The $7.7 million sale of The Pirate Bay spells its end as a file sharing maverick.




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amazon generic tbiWhat do residents of North Carolina, Rhode Island and now Hawaii have in common?

They are all unable to earn money from Amazon’s Associates program.

Amazon has for years run a program that pays website operators who advertise or link to Amazon products, rewarding them with a commission on any sales.

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Yahoo's boardAfter failing to close the Microsoft merger or a search deal with Google, on June 25, Yahoo’s directors finally got what they had coming to them: stock options, and lots of them.

As part of their annual compensation, Yahoo (YHOO) awarded each of its directors the option to buy 15,000 shares at a price of $15.53 on June 25, 2016.

By then, Yahoo’s shares should (hopefully) be worth much more than $15.53, and selling grant stock, the directors will get to keep the difference.

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In a recent poll, a majority of Americans surveyed said they wanted health care reform to include some kind of public medical plan that would compete with private insurers to hold down costs. Somehow, the respondents felt, adding a government-sponsored option would discipline the marketplace and keep costs in line.
The only way that will happen, however, is if government reverses course after nearly half a century in which it has been one of the biggest drivers of health care expenditures in the country. The public sector already pays half of all health care bills and has been subject to…

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A Texas carpet shop changes its controversial name, but the haggling goes on and on. Now the store is advertising ‘total liquidations.’

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YouTube co-founder Steve ChenYouTube cofounder Steve Chen is no longer CTO — and hasn’t been for months.

Peter Kafka at AllThingsD reports that Chen left the post sometime, “last fall” and hasn’t been replaced.

He’s still with Google, where he’s been since the company acquired YouTube in 2006, but no one knows what Chen is spending his time on these days.

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There are thousands of stocks and practically an infinite number of inputs that can potentially move the market. But John Roque, managing director of WJB Capital Group, believes there are just six bellwethers that can tell you pretty much all you need to

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stevejobs gesturing tbiAs a visionary, Steve Jobs gets an A, but as a manager he fails, writes Prof. William C. Taylor on his Harvard Business blog.

We’re disinclined to believe it matters what kind of “manager” Jobs is so long as Apple continues to revolutionaize the industry and all.

But the prof. has a contrary take and we like those, so here’s the bullet-point version of his argument:

  • Jobs’ approach to leadership is “unappetizing and downright retro.”
  • Jobs follows the “Great Man Theory of Leadership — a CEO-centric model of executive power that is outmoded, unsustainable, and, for most of us mere mortals, ineffective in a world of non-stop change.” (Here Taylor talks about how Jobs’ frequently parks his Mercedes in handicapped spots because he believes regular rules don’t apply to him.)
  • Jobs suffers from “smartest-guy-in-the-room syndrome,” which is a recipe for failure because “nobody alone is as smart as everybody together.”
  • Jobs has ambition rather than “humbition.” Humbition is “the subtle blend of humility and ambition that drives the most successful leaders.”

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Cisco LogoCisco wants to challenge Microsoft Office and Google Apps–even though it must know it can’t beat them.

Cisco VP Doug Dennerline told reporters, the company is “thinking about” adding document drafting and sharing to WebEx, which already features instant messaging, online meeting and email services.

The networking company, which bought WebEx in 2007 for $3.2 billion, is pushing the service hard towards businesses of all shapes and sizes. In that context, developing document sharing tools makes sense.

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From The Business Insider, June 30, 2009: Every politician (except Michael Dukakis) has campaigned on some
version of “no new taxes” and most ended up breaking that promise.
It’s how we do things in America, and as voters we’ve come to accept

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joost.jpegJoost, one of the most overhyped startups since the last bubble burst, will restructure itself to focus on providing back-end services to other video players, says AllthingsD.

CEO Mike Volpi, who last year spearheaded the company’s last reinvention, has been let go, and SVP of engineering Matt Selesko will replace him. Around 100 employees will be laid off.

It was reported in April 209 that Joost was trying to sell itself, with Time Warner expressing interest in the company. But that didn’t work out. And no surprise. As we said then, “While Time Warner Cable probably doesn’t need Joost’s technology, content deals, mediocre traffic, or crappy brand, they’re all better than nothing if the price is right.”

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The stock market slumped midday Tuesday but the S&P 500 is still on track for its best second-quarter since 1998, up about 15%. The question, of course, is what the rest of the year looks like.John Roque, managing director of

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From The Business Insider, June 30, 2009: The new hallucination for most strapped McMansion owners is that they’ll “rent the house for a year and then sell when the market comes back. …

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aol03AOL is shopping for blogs.

Having founded a magazine for IDG and starting a newspaper in Boston, CEO Tim Armstrong has fully embraced plans to turn the company into the Time Inc. of the 21st century.

He sees there’s money in it.

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ipod touchesDell is working on an iPod Touch-sized Internet tapping device, reports the WSJ. The device will play music, videos and have Internet connectivity, but no phone service.

The web device will work on Google’s Android OS, and might be out later this year. The WSJ adds that its source also said that “the plan could be delayed or scrapped entirely.”

That can happen when you’re always running three years behind the competition.

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