Microsoft In The News
Microsoft's bid for Yahoo took on the air of inevitability Monday, even as the Sunnyvale search firm's board of directors officially rejected the offer.
That decision, first reported during the weekend, was widely viewed on Wall Street as an effort to get Microsoft to raise its $44.6 billion, or $31 a share, proposal - or at the very least give Yahoo time to look at other options. Yahoo's stock rose 2 percent in regular trading to close at $29.87, up 67 cents.
"It's good negotiating tactics to try to get a higher price from Microsoft," said Laura Martin of Soleil Securities Group. "But if they really reject the offer, they are going to have a litany of shareholder lawsuits. It's clear there are no other bidders for anything close to this price."
In the coming weeks, Microsoft will try to raise the pressure on Yahoo. It has indicated it is prepared for a nasty takeover battle that could include nominating its own slate to Yahoo's board of directors or making its offer directly to Yahoo's shareholders.
Microsoft has confirmed that it is talking to Nokia about offering the Windows Mobile operating system on its mobile phones, just don't expect anything soon.
"There are a lot of discussions happening with Nokia", Pieter Knook, senior vice president, Mobile Communications Business for Microsoft said to journalists at the company's press conference in Barcelona, Spain. "But before we move on to other operators, lets celebrate Sony Ericsson coming onboard first." Sony Ericsson has used Microsoft's latest mobile operating system in its newest handset announced on Sunday. The Xperia handset will be heavily customised, but uses Mobile 6 at its core.
BARCELONA -(Dow Jones)- Sony Ericsson, the world's fourth-largest mobile phone maker by sales, Sunday unveiled a range of new phones, including its first phone using Microsoft Corp. (MSFT) software and a rival to Apple Inc.'s (AAPL) iPhone.
The handset maker, a joint-venture between Japan's Sony Corp. (SNE) and Telefon AB LM Ericsson (ERIC) of Sweden, launched 7 new phones, including the Xperia phone brand targeting the business market with the Microsoft Windows Mobile operating platform. The Xperia X1 phone, with a 3-inch touchscreen and stylus, is the first phone the company has launched using Microsoft's software, joining rivals Samsung Electronics Co. (005930.SE) and Motorola Inc. (MOT), which already use the technology.