Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in information technology and security. Presented by CIOs and other senior level executives, these invitation-only programs offer timely topics and strong networking. Learn More »
Social Responsibility's Strategic Benefits
December 15, 11:30 AM - 12:30 PM US/Eastern (GMT-5)
Join Ed Granger-Happ, CIO of Save the Children, for a discussion of how creating an organization that is socially responsible improves staffing, retention, leadership development and overall corporate health.
Working With and Communicating to Your Board of Directors
January 13, 2009, 4:00 PM - 5:00 PM US/Eastern (GMT-5)
CIO panelists who will share tips and experiences working with their boards: Twila Day of SYSCO; Jeff O'Hare, West Corp.; Marc West, formerly with H&R Block.
IT's Role in Growing Mid-Market Companies
January 14, 4:00 PM - 5:00 PM ET (GMT-5)
Mid-market Council members will share their companies' stories and challenges in driving or coping with growth. Panelists represent Veterinary Pet Insurance, Medicis Pharmaceutical, and Intrax Cultural Exchange.
Learn more about the CIO Executive Council »
Apply today for a FREE subscription to CIO Magazine!
April 06, 2008 — IDG News Service —
Microsoft Saturday threatened Yahoo's board of directors with a proxy battle if it won't agree to a buy-out in the next three weeks.
Breaking nearly two months of silence since Yahoo's board rejected Microsoft's US$44.6 billion bid, Microsoft's CEO Steve Ballmer sent an open letter Saturday to Yahoo saying it is prepared to take its offer directly to shareholders.
In blunt and harsh language, Ballmer reiterated Microsoft's opinion that its offer was "generous" and said the company had expected that a deal would be struck swiftly. "Despite this, the pace of the last two months has been anything but speedy," he wrote.
Ballmer also threatened to lower the price of Microsoft's offer if it is forced to mount a proxy battle.
"If we are forced to take an offer directly to your shareholders, that action will have an undesirable impact on the value of your company from our perspective which will be reflected in the terms of our proposal," he wrote.
Since it rejected Microsoft's offer Feb. 11, claiming it was too low, Yahoo has been holding out for a better offer from another company or the opportunity to strike up a partnership that would save it from agreeing to Microsoft's bid. However, Yahoo has so far been unable to negotiate another deal.
Ballmer used this leverage in the letter, telling Yahoo that Microsoft's offer is "the only alternative" to give its shareholders a fair return on their investment and input into the future of the company.
"By any fair measure, the large premium we offered in January is even more significant today," Ballmer said. "We believe that the majority of your shareholders share this assessment, even after reviewing your public disclosures relating to your future prospects."
He also accused Yahoo's executives of being unwilling to negotiate with Microsoft, and said Yahoo's stalling is wasting valuable time the combined company could be using to be more competitive in the Internet business.
Copyright © 2008 IDG News Service. All rights reserved. IDG News Service is a trademark of International Data Group, Inc.
Operational Excellence Is Key to Maximizing IT Investments
Learning from BPM Leaders
Optimizing Infrastructure Control
Putting Enterprise Communications on Autopilot
BlackBerry Enterprise Solution
Matching the BlackBerry with a Corporate PBX
The CIO's Guide To Harnessing Enterprise 2.0
What's Next? Real Answers for Tough Times
A crystal ball won't provide the answers you need.
Paving the Way for Trusted Collaboration
Gartner on Data Deduplication Cost Savings
Storage Virtualization: It's Not One Size Fits All!
The Power of Telepresence
Resource Alerts
Get instant email notifications by topic when white papers, webcasts, and case studies are added to our library.
New Microsoft Cashback Deal Follows Outage
High Court Narrows Penalty Against Qualcomm
Major E-Stores Malfunction on Black Friday and Cyber Monday
Clearwire, Sprint Close WiMax Deal
Netbooks: Small, Cheap -- and Fast?
Clearwire, Sprint Close WiMax Deal
'Social Mobile' Applications: the Missing Book
Vista SP2 Due Next April, Says Report
Fear of More Attacks Could Hurt Business in India
London Hospitals Almost Back Online After Worm Infection
Just the basics, please. Sometimes we all need a refresher or we need to make sure our team and our colleagues are all on the same page.
Over 25 tutorials on everything from business intelligence to virtualization.
- CIO|
- Computerworld|
- CSO|
- DEMO|
- Game Pro|
- Games.net|
- IDG|
- IDG UK|
- IDG Connect|
- IDG Tech Network |
- IDG World Expo|
- Industry Standard|
- InfoWorld|
- ITworld|
- JavaWorld|
- LinuxWorld|
- MacUser|
- Macworld|
- Network World|
- PC World|
- Playlist|
- CIO UK|
- CIO Germany|
- CIO China|
- CIO Sweden|
- CIO Australia|
- Other CIO Sites
