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Microsoft gives Yahoo three weeks to do a deal

Microsoft on Saturday issued an ultimatum to Yahoo, giving the Internet search pioneer three weeks to enter formal merger negotiations and conclude a deal.
The software giant threatened to launch a proxy fight to unseat Yahoo’s board of directors, as well as take its case straight to Yahoo investors should no deal be reached in that period.
And as a further cattle prod in getting a deal consummated, Microsoft threatened to lower its existing bid, citing how Yahoo’s value will be hurt if it needs to resort to such hostile means.
“If we have not concluded an agreement within the next three weeks, we will be compelled to take our case directly to your shareholders, including the initiation of a proxy contest to elect an alternative slate of directors for the Yahoo board,” Steve Ballmer, Microsoft chief executive, stated in his letter to Yahoo’s board of directors. “The substantial premium reflected in our initial proposal anticipated a friendly transaction with you. If we are forced to take an offer directly to your shareholders, that action will have an undesirable impact on the value of your company from our perspective which will be reflected in the terms of our proposal.”

Don’t sign up for your $40 DTV converter box coupon–yet

The DTV transition is less than a year away and as of January 1, 2008, Americans have been eligible to sign up for a $40 coupon to help purchase DTV converter boxes needed to receive new digital TV signals. While your instincts may tell you to sign up as quickly as possible, there’s a strong argument to be made to hold off for a little while. Here’s why:
1. The coupon expires in three months… If you carefully read you the FAQ on the government’s Web site, the program clearly states that the $40 coupons expire three months after they’re shipped. That’s unfortunate because we’re guessing many people don’t think much of it, and are just trying to sign up before they forget. Now you’re forced into getting whatever DTV boxes that are currently on the market, even though…

2. Better, cheaper boxes are coming… None of the DTV converter boxes we’ve seen so far are available for $40 yet, which means you’ll need to kick in some real American dollars in addition to your coupon. Echostar is planning on releasing a $40 converter box, the TR-40, but it won’t come out until this summer–so if you already have your coupon, you probably won’t be able to get it. That wouldn’t be so bad, except that the Echostar TR-40 looks like it’s going to be substantially better than current models, offering a full EPG and program search functoinality. Even if the Echostar device isn’t everything it’s cracked up to be…

3. Current models will get cheaper… This is just an educated guess, but don’t be surprised if all of the current DTV converter boxes currently going for $50 to $60 suddenly drop to $40 once the Echostar TR-40 comes out. It will be near impossible for the other boxes to compete with free, so they’ll be forced to sell for $40, which means it essentially free to consumers with a coupon.

The main counterargument against waiting is that if you wait too long, it’s possible that the government’s coupon program will run out of money. That’s definitely something to consider, as there are only 22.25 million coupons available. After those are used up, an additional 11.25 million coupons will become available, but only to households that solely use analog over-the-air TV (no cable, satellite, Fios, and so on). So if you’re worried that you’re not going to get a coupon at all, you can play it safe and sign up now. But it’s probably a pretty safe bet that the current coupon program won’t run dry during the next couple months, and you’ll get more out of that $40 coupon.

35th Anniversary Of The First Public Cell Phone Call

With around half the world’s population expected to be carrying a mobile phone by the end of this year, it’s hard to believe that its just 35 years since the first ever public cell phone call was made. Yesterday (4/3/08) marked the anniversary of the historical call made on the streets of New York by portable cell phone inventor Martin Cooper, then general manager of Motorola’s Communications Systems Division. Not surprisingly the device used was a far-cry from the slim-line handsets of today – making even the “bricks” of the late 80’s and early 90’s seem ultra-portable. Weighing in at two and a half pounds and 10 inches long, the phone could be used for only 20 minutes before the battery died.

Windows 7 to arrive next year, says Bill Gates

MIAMI (Reuters) – Microsoft Corp.(MSFT.O: Quote, Profile, Research) co-founder Bill Gates said on Friday he expected the new version of Windows operating software, code-named Windows 7, to be released “sometime in the next year or so.”

The software giant has been aiming to issue more regular updates of the operating system software that powers the majority of the world’s personal computers. Nevertheless, Gates’ comments suggested that a successor to the Vista program might be released sooner than was generally expected.

Microsoft has said it expected to release a new version of Windows approximately 3 years after the introduction of Vista in January 2007. A company spokeswoman said Gates’ comments are in line with a development cycle that usually releases a test version of the software before its official introduction.

“I’m superenthused about what it will do in lots of ways,” Gates said in a seminar on corporate philanthropy held during an annual meeting in Miami of the Inter-American Development Bank.
“That’ll be sometime in the next year or so that we’ll have a new version,” Gates said in response to a question from the audience.

Gates, who is due to leave his day-to-day functions at Microsoft and dedicate himself to the philanthropic efforts of the Gates Foundation in June, said the company aimed through its $6 billion annual research and development budget to take the products running on its software to “the next level.”

He said new versions of Windows would help revolutionize mobile phones and run the desk of the future, which would have a touch surface display allowing users to call up items using their hands.