We’re sorry for all the dirty jokes we’ve made lately, but they’re WAY too easy to make. Anyway, Stanley plans to buy Black & Decker in an all-stock deal for $3.5 billion. They’ve been trying to share the same tool belt for a while now, but they only pulled it off today. We’re going to stop writing now, just so we can avoid making another tool pun.source
Somehow, Apple outdid themselves again. More people than ever are buying Macs, with sales up 17 percent from a year ago. And the stock, as you can see, is reacting positively to the fact that the company has $1.67 billion in profits this quarter. It hit a record high today. The cult of Steve is stronger than ever.source
Yahoo gets 88% of the search revenue they have today. They have 0% cost of goods sold against 88% revenue and they have no [research and development] expense and no ongoing [capital expenditure].
Microsoft CEO Steve Ballmer • Explaining the benefit Yahoo gets for agreeing to letting Microsoft’s Bing power their searches. Some were disappointed that Yahoo didn’t get an upfront payment as part of the agreement, causing Yahoo’s stock to tumble while the rest of the market is doing relatively well. Ballmer explains that the benefit for Yahoo will be down the line when they don’t have to invest in search development. • source