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Monday, October 5, 2009

New Yorker: Bezos’ Initial Google Investment Was $250K in 1998 Because “I Just Fell in Love With Larry and Sergey”

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Considering the ongoing skirmishes going on right now between Amazon and Google over digital book publishing, it’s more than ironic that Amazon CEO and founder Jeff Bezos was one of only a few initial investors in the search giant.

But–in one of the many interesting details in New Yorker author Ken Auletta’s new book, “Googled: The End Of The World As We Know It”–it was indeed Bezos who invested $250,000 in the start-up in 1998 at four cents a share.

Not that there’s anything wrong with that!

There’s a great excerpt in the New Yorker this week.

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Tuesday, August 4, 2009

Microsoft’s Point Man on Search–Satya Nadella–Speaks: “It’s a Game of Scale”

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Meet Satya Nadella, the man in charge of search technology for the just-struck partnership with Yahoo.

How the search business of Microsoft evolves, improves and, most of all, out-innovates–especially in the face of heretofore withering competition from search behemoth Google–is going to be a big factor in the success of the deal with Yahoo.

In fact, Yahoo has essentially put its search technology eggs in Microsoft’s work-in-progress basket, which must make a series of innovative leaps, or else.

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Monday, April 6, 2009

Raise the Yangtanic Again! Sun/IBM Gets New Tech Metaphor Thrown at It (Also Not So Currie-licious?)

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BoomTown is not going to go all servers and Solaris on you, as I am leaving the complicated details of the collapsed IBM bid for Sun Microsystems to Digital Daily’s John Paczkowski to sort out.

But I wonder if every failed tech merger with a squabblefest and a board in chaos will now be accused of blowing it, as most think Yahoo co-founder and former CEO Jerry Yang did in rejecting the $41 billion buyout offer from Microsoft.

And former Netscape CFO Peter Currie certainly has his hands full–he is on the Sun board and also just signed up to be the financial adviser to Facebook, after it abruptly parted ways with its former CFO.

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Wednesday, April 1, 2009

Meet Peter Currie, Facebook’s New Money Man (For Now)

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Back in the heyday, Peter Currie was the money man to see in Silicon Valley.

As CFO of Netscape Communications, he led the famed browser start-up into history, as the first great Internet rocket ship, when it went public on Aug. 9, 1995.

Rising to insane levels, the stock was ground zero of the Internet gold rush, despite the fact that it had no profits to speak of. But it did have a 23-year-old co-founder and tech wunderkind in Marc Andreessen and a growth trajectory that was astounding.

If you think it sounds somewhat similar to Facebook today–where Currie will now help out as temporary financial adviser after the social-networking site parted ways with its CFO, Gideon Yu, yesterday–you are correct.

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Tuesday, March 31, 2009

Former Netscape CFO Peter Currie Will Be New Facebook Financial Adviser, Until New CFO Is Found

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In a back-to-the-future move, former Netscape CFO Peter Currie will be the key adviser to Facebook about financial matters, until a new CFO is found, sources said.

The temporary move puts a well-known and well-liked Silicon Valley figure in place at the social-networking company at what is surely a tumultuous moment. Currie has most recently been a venture investor.

Today, Facebook parted ways with its CFO, Gideon Yu, saying it was prepping for an eventual IPO. But other sources said the departure was due to increasing tension with Facebook CEO and founder Mark Zuckerberg.

Perhaps most interestingly, Currie is close with Facebook board member and Netscape Communications co-founder Marc Andreessen.

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Wednesday, March 18, 2009

IBM Is Indeed Eyeing Sun (Finally!)

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About three weeks ago, BoomTown surmised that the they’re-practically-giving-them-away prices for some prime but distressed tech companies–combined with cash hordes by stronger players–would eventually result in some acquisition activity sooner than later.

One combination I flagged most prominently, based on several sources, was that IBM would try to grab Sun Microsystems.

And today, The Wall Street Journal reported that that was indeed the case. Such a deal has been long rumored in Silicon Valley, so I wasn’t the first to suggest such an obvious move, and these talks come as a surprise to very few, which would rescue the long-declining Sun and give heft to IBM’s Internet aims.

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Thursday, February 26, 2009

One Last Yahoo Reorg Missive: Bartz Tells Employees What She Already Said. Again.

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Goodness gracious, make it stop!

You must know by now how much BoomTown loves internal Yahoo memos. But this is getting ridiculous.

It’s been like a flash flood after a long drought at Sunnyvale HQ today, as Yahoo CEO Carol Bartz turns on the firehose of a whole lot of communicating.

“I know you guys have reorg fatigue,” wrote Bartz in the latest email to employees about the management reorganization finally announced this morning.

Also memo fatigue at All Things Digital HQ, if you can believe it.

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Buying Spree, The Sequel: Why Not IBM/Sun, Google/Twitter, Microsoft/Anyone?

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About 10 days ago, BoomTown posted a piece titled, “With a King’s Ransom in Cash, Why Is There Still No Buying Spree in the Tech Space Yet?”

Noting the big cash hordes being held by a plethora of giant tech and Internet companies and their strong cash flows too, even in the midst of the economic meltdown–I wondered when the mergers and acquisitions would ever begin.

With no hooking up as yet–which feels about as annoying as the persistently unconsummated flirtation of Chuck and Blair on “Gossip Girl”–that just won’t do!

So, here are a few suggestions to get this party started.

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Wednesday, February 25, 2009

Connected Life Head Marco Boerries to Leave Yahoo

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Yahoo’s top mobile exec, Marco Boerries, is departing Yahoo, according to an internal email obtained by BoomTown that he sent to some staffers on Sunday.

I have also since confirmed Boerries’s departure with company insiders familiar with the situation.

In a post on Monday on a restructuring at Yahoo that new CEO Carol Bartz is likely to unveil to the company this week–sources tell me it is now set to be announced internally tomorrow–I noted that Boerries was one of the more likely high-level execs to go.

“With a very heavy heart I have to tell you, that I will be leaving Yahoo!,” Boerries wrote, attributing his departure in an email titled “Personal Update,” to issues related to his family.

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Tuesday, February 24, 2009

How It Feels to Be Fired Carol Bartz-Style: “Amazing”

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A few weeks ago, BoomTown got a rather compelling email from Marion Vermazen, who once worked at Sun Microsystems with new Yahoo CEO Carol Bartz–and where Bartz actually fired Vermazen.

Her take on the experience?

“Amazing,” said Vermazen, given how Bartz handled it herself–driving 30 minutes to Vermazen’s office–in a very straightforward way.

In other words, a kinder, classier Donald Trump “Apprentice” style, but without the cameras and bad hair.

It’s instructive now, given that Bartz is likely to have to give several big Yahoo execs the heave-ho in the days ahead as she unveils her new management structure soon.

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Monday, February 16, 2009

“You Have Zero Privacy Anyway. Get Over It”–That Goes Double on Social Networks

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When Sun Microsystems Gadfly-in-Chief Scott McNealy made his infamous statement about online privacy online in 1999, there was a horrified hubbub at the time that he had the audacity to say such a thing.

You know, that he actually uttered such a terrible thing as the truth.

What a shock then that everyone is now in yet another tizzy about Facebook changes to its Terms of Service, which pretty much state the obvious again by noting that Facebook archives info you posted, even if you quit the service.

As in: You cannot take it back, if you have shared with 476 of your closest “friends,” your bikini shots from Cabo.

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Tuesday, January 13, 2009

Bartz to Be Named Yahoo CEO: Now What’s Next?

It looks like Carol Bartz will be taking on the thankless role as new Yahoo CEO.

Sources close to the situation told BoomTown–which had first named the former Autodesk CEO the top pick for the top job at the troubled Internet company last week–that Bartz has been approved for the job by the Yahoo board and has accepted it.

The Wall Street Journal is also reporting the move.

But can the experienced tech exec turn Yahoo around?

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Thursday, January 8, 2009

The Entire Internal Microsoft Memo on New Dell and Verizon Deal

BoomTown loves a good memo and here’s one that two of Microsoft’s top online execs, Yusuf Mehdi and Satya Nadella, sent out about the deal the tech giant signed with Dell and Verizon to distribute its search and other products.

Microsoft is opening its fat wallet to do such deal and try to best archrival Google.

Here’s the memo.

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Wednesday, January 7, 2009

New Prospect for Yahoo CEO: Carol Bartz

How did BoomTown forget former Autodesk exec Carol Bartz for Yahoo CEO?

Yahoo certainly hasn’t. According to several sources familiar with Yahoo’s search for a new leader to replace Co-founder Jerry Yang, the company is looking hard at the longtime and high-profile Silicon Valley executive.

Bartz is certainly an experienced tech exec and was chairman, president and CEO for 14 years of a company that makes design software. She also serves on the board of Cisco with Yang and on the board of Intel with Yahoo President Sue Decker.

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Friday, November 14, 2008

Yahoo Layoffs Set for December 10 (And, No, Jerry Yang Is Not Leaving Too)

While they’re not as significant as the potentially 6,000 layoffs at Sun Microsystems, several sources at Yahoo said that the previously announced layoffs at the Internet giant are set to take effect on Dec. 10.

On Oct. 21, as part of its third-quarter earnings call, Yahoo CEO confirmed it would cut its workforce by “at least” 10 percent of its global workforce–or about 1,400 to 1,500.

But, as much as some critics would like it, Yahoo CEO Jerry Yang is not leaving.

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About Kara

Kara Swisher started covering digital issues for The Wall Street Journal's San Francisco bureau in 1997 and also wrote the BoomTown column about the sector. With Walt Mossberg, she co-produces and co-hosts D: All Things Digital, a major high-tech and media conference. Read more »

Ethics Statement

Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.

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