Reuters
IAC Split Will Occur August 21; ‘When-Issued’ Trading Begins Tomorrow
Ask.com parent company IAC announced last November that they would spin off four of their properties and become 5 separate companies. The other four companies will be HSN, Inc., Interval Leisure Group, Inc., Ticketmaster and Tree.com, Inc.
Now, Reuters is reporting the split will occur on August 21.
Meanwhile, the NASDAQ has advised IAC that ‘when-issued’ trading will begin for the five companies tomorrow at the opening bell. NASDAQ defines ‘when-issued’ trading as this:
“A trade is done on a “when-issued” basis because there are no physical certificates available evidencing the securities being traded, therefore a delivery date cannot be determined at the time of execution.”
IAC recently posted a 7% growth for the second quarter of 2008.
Google Updates Search Appliance, Now Holds 10 Million Documents
Google has released a new version of their hardware product, Search Appliance. The new version can hold up to 10 million documents in a single box, as much as a previouis version held in a 5 box rack.
The box holds Google software that powers search services and runs on Dell storage hardware.
Other new features in the updated version include greater encryption powers and notifications of new documents stored by colleagues.
via Reuters
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Google Teams Up with BearingPoint to Increase Sales of Search Appliances
Google Offers New Versions of Google Mini Search Appliance, Fast Search and NY Times Company Announce Deal
China’s Sohu.com Posts 600% Jump in Profit
Chinese internet portal Sohu.com has announced $40.2 million in second quarter profit, up 600% over the same quarter in 2007. The news comes in the wake of results posted by Chinese search engine Baidu, which saw profits rise 87% in Q2 2008. The big boost in profits for both companies come as the 2008 Beijing Olympics approach.
Check out this display ad from Lenovo on the Sohu.com.

“The growing momentum reflects the overall expansion of the China Internet market, increased shift in advertising budgets from offline to online, the robust pace of advertising spending leading up to the Beijing 2008 Olympic Games, as well as our significant traffic increase,” Belinda Wang, chief marketing officer of Sohu said in a statement.
via Reuters
Microsoft to (Finally) Acquire Powerset? Should Someone Tell Icahn?
Microsoft must have been putting on a good poker face a week ago when it said they weren’t looking at any internet-based acquisitions in the wake of failed talks with Yahoo. Venture Beat is now reporting that Microsoft is poised to acquire semantic search company Powerset in the neighborhood of $100 million.
Meanwhile, Carl Icahn is still living his proxy dreams. He’s calling on Microsoft to not make an alternative deal with Yahoo unless a $33 per share guarantee is in place, according to Reuters.
The question is: Which of Microsoft’s bluffs should we call? The one where they said they weren’t interested in acquisitions? Or the one where they’re buying Powerset (to once again put pressure on Yahoo)?
Call bluffs in the comments!
Icahn Goes Soft on Yahoo-Google Deal, Investor Urges Combo Board
Carl Icahn has gone soft in the wake of the Yahoo-Google deal, telling Reuters that the deal “might have some merit.” Icahn hasn’t made any actions (such as withdrawing his proxy board) or written any more letters.
Meanwhile, Yahoo investor Eric Jackson is urging other shareholders to vote on a board that would keep 5 of the existing board members while bringing in 4 of Carl Icahn’s proxy board, again according to Reuters. Jackson leads a group of 146 shareholders with a collective 3.2 million Yahoo shares.
Eric Jackson has been vocal in his disapproval of Yahoo’s failure to strike a deal with Microsoft. But his fears may have been exaggerated. Once the deal fell through, he expected Yahoo shares to fall back to their pre-Microsoft bid levels of $19-20 per share. While the stock fell, it never has returned to those lower levels, instead hovering in the $23-25 range.
Perhaps Mr. Jackson is softening just a bit as well?
Google’s Schmidt Talks Yahoo, Newspapers, ‘Don’t Be Evil’, and iPhone
Yesterday, Google’s CEO Eric Schmidt was interviewed by Ken Auletta on stage at a San Francisco event hosed by Syracuse University’s Newhouse School of Public Communications. Schmidt offered up insight on a variety of issues. Let’s dig in.
Yahoo
An independent Yahoo would be better for innovation and competition, in Schmidt’s opinion. He feels that Microsoft has delivered products such as Windows that limits the choice of consumers.
Newspapers
Schmidt said that Google has a ‘moral imperative’ to help newspapers, who’ve lost money in recent years to online publishers, who often provide their content for free. DoubleClick will be a part of the effort, though specific details were not revealed.
Of course, newspapers haven’t traditionally been Google’s biggest fan. A Belgian newspaper group has been going after Google for years for indexing their site.
‘Don’t be Evil’
The famous mantra is misunderstood, says Schmidt. Instead, the phrase was designed to facilitate internal conversations about corporate ethics, but most people interpret it as an absolute moral stance.
iPhone
Schmidt said that a “vast majority of searches” performed on Google via mobile phones are generated on iPhones. But since Google is preparing its own mobile platform, Schmidt has been excused from Apple board meetings a couple of times. He said that Android will “likely be quite different” from the iPhone.
via InfoWorld, USA Today, Reuters, and MarketWatch
Breaking: Microsoft Puts New Yahoo Deal on Table: Full Text

Microsoft (MSFT) released a statement on Sunday that it has made an alternative offer to Yahoo (YHOO) that wouldn’t entail a full acquisition. In the unexpected move, Microsoft would be acting as something of a white knight, saving Yahoo from fighting a proxy battle with billionaire investor Carl Icahn.
Microsoft Corp. today issued the following statement:
“In light of developments since the withdrawal of the Microsoft proposal to acquire Yahoo! Inc., Microsoft announced that it is continuing to explore and pursue its alternatives to improve and expand its online services and advertising business. Microsoft is considering and has raised with Yahoo! an alternative that would involve a transaction with Yahoo! but not an acquisition of all of Yahoo! Microsoft is not proposing to make a new bid to acquire all of Yahoo! at this time, but reserves the right to reconsider that alternative depending on future developments and discussions that may take place with Yahoo! or discussions with shareholders of Yahoo! or Microsoft or with other third parties.
“There of course can be no assurance that any transaction will result from these discussions.”
Although Microsoft isn’t making a new bid to buy Yahoo, the Redmond giant “reserves the right to reconsider that alternative” depending on discussions with Yahoo, shareholders of Yahoo or Microsoft, or other third parties.
Icahn on Thursday named an alternative board to replace Yahoo’s board with directors to reopen talks with Microsoft. In inimitable Icahn style, he claimed Yahoo had “acted irrationally” in refusing Microsoft’s $47.5 billion (24.3 billion pound) bid.
Reuters reported that Microsoft had not held discussions with Icahn about Yahoo.
The exact nature of the deal has not been revealed by either party.
Windows Live Search Offers Google News Alternative
Windows Live Search has added a News component, according to a report by CNet’s News.com blog. A meme tracker design has been employed for the front page of the news section. (If you don’t know what a meme tracker is, check out Techmeme.com or Megite.com).
Also on the front page is a search box and an aggregate of local news in a sidebar to the right. Scroll down just below the fold and you’ll find a row of news videos from mainstream media sites such as USA Today, AP Video, Reuters Video and Fox News.
When conducting a search, the results page loses its meme tracker feel. There’s a listing of headlines with the first paragraphs of the stories. Thumbnail photos with stories accompany the articles in the listings.
On the sidebar of search results are options to refine the search geographically or conduct recommended related searches.
Like Google news, there are no ads on either the home page or search results page.
There’s no official word yet from the Live Search blog. The feature comes a week after the release of updates to Live Search Maps and Virtual Earth 3D.


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