Tech Biz Roundup: Microsoft Promises A GLITCH Fix, Yahoo STUNS The Tech World
Here are Tuesday’s top stories:
Microsoft Corporation (NASDAQ:MSFT) had promised to provide its users with a choice of Internet browsers, but says that a technical glitch is preventing it from doing so. The European Commission has launched an inquiry into the matter, and sanctions against the company are possible; Microsoft assures all that it is taking steps to fix the problem.
Don’t Miss: Microsoft’s Earnings SNEAK PEEK.
Splunk, Inc. (SPLK) reports that the lead bookrunner Morgan Stanley is releasing a share lock-up that applied to stocks held by company officers and directors. This release will run concurrently with the company’s secondary offering of shares announced earlier on Monday.
Shares of Yahoo!, Inc. (NASDAQ:YHOO) are all over the place (within a narrow band) at the news that Marissa Mayer, and not Ross Levinsohn, will be its new chief executive. The announcement has shocked the tech world, but it is not unwelcome to Silicon Valley and Dan Loeb, although Wall Street seemed just fine with the idea of Levinsohn as permanent chief. He is said to be leaving Yahoo, but the firm could certainly see several Google. Inc. (NASDAQ:GOOG) higher-ups follow Mayer in. Meanwhile, analysts are currently bombing away with their opinions: Larry Dignan is hoping that Mayer can repair the firm’s advertising technology infrastructure, Michael Arrington envisions the new chief as delivering a large boost to the company’s reputation, Matthew Ingram wonders aloud if she has the necessary media savvy to turn her new company around, and Jolie O’Dell blames Google for not offering Mayer a position that might have kept her there. So far, no one is asking publicly if she has a computer science degree.
Amazon.com, Inc. (NASDAQ:AMZN) wins a patent with the United States Patent and Trademark Office that covers bidding on multiple auctions. Chatter has it that the firm could begin to enter new markets and businesses, since it’s currently setting up new distribution centers across the country.
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