Google CEO Eric Schimdt was not the only web company figure to deliver a commencement address yesterday. Yahoo Co-founder Jerry Yang spoke at the University of Hawaii at Hilo.
Yang's speech had a different tone that Schmidt's. Whereas Schmidt discussed everything from cheesesteak to the meaning of life, Yang jumped in with a tone suggesting that things aren't as bad as they seem.
Yahoo's search for a new CEO appears to be over. Carol Bartz, an outsider who wasn't even mentioned on most of the early lists of possible contenders, has won the spot according to several fresh reports.
It seems that people really want Yahoo and Microsoft to get a deal done. Almost every other day it seems, rumors surface and are just as quickly shot down regarding the two companies and a possible transaction that could put a thorn in Google's side.
Even the harshest critics of Steve Ballmer will have to admit one thing: in regards to not buying Yahoo, he's been consistent for a long time now. At a shareholder meeting today, Ballmer said that he still has no interest in a total acquisition, and Yahoo's stock has taken a nosedive of around 20.9 percent as a result.
If you haven't heard the news from another source, you probably could have guessed it by watching Yahoo's stock price. Shares have risen about 12.6 percent in pre-market trading on the official announcement that the search for a new CEO is underway.
In 1974, Sam Peckinpah directed the film Bring Me the head of Alfredo Garcia, the story of a bounty hunter who set out to avenge family dishonor (through rape and abandonment) by bringing back the aforementioned anatomical appendage.
Jerry Yang seems to have learned how to bluff at the (unattached) feet of Monty Python's Black Knight. Yahoo's CEO claimed at a conference last night, "To this day the best thing for Microsoft to do is buy Yahoo."
Yesterday's election was a pretty straightforward process - no riots, no recounts, not even the threat of a lawsuit. So, as if to make up for it, a couple of questionable reports plagued the search industry today, and we'll try to straighten out the situation here.
If Jerry Yang is to be believed, Yahoo's experienced a genuine "eureka" moment. The company has launched a new digital advertising platform, and its CEO is comparing the platform's importance to that of radio, television, and the Internet.
Yahoo was almost ready to put its recent problems behind it; the company had fought off Microsoft, brought Carl Icahn onboard, and survived the annual meeting with its board intact. Only now it turns out that the shareholder vote didn't go nearly so well as was first reported.