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Yahoo Board to Reject Microsoft Bid: Wants More or Help from Google

Microsoft YahooThe Wall Street Journal (subscription required) just broke the story that Yahoo’s board plans to reject Microsoft $44.6 billion offer, citing our favorite source: “a person familiar with the situation.” Apparently, $31 per share “massively undervalues” Yahoo, according to the same source. The logic is that the offer doesn’t take into account risks Yahoo would go through (that is, if regulators overturned the deal) by entering into an agreement with Microsoft.

Accordingly, Yahoo’s board will send a letter to Microsoft on Monday explaining the situation. This article comes just hours after another WSJ article quotes several investment bankers who basically say that “investors have lost confidence in Yahoo management’s ability to reverse the company’s fortunes on its own.” Nevertheless, here’s Yahoo’s reasoning for rejecting the offer:

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Online Shopping Sets Record Even as Consumers Procrastinate

Internet Tax BanThe Economist, via numbers from Comscore, tells us that since the beginning of November online spending is up by 18% compared with 2006. And Thursday December 6th was the “biggest online spending day yet” with sales of $803m, which made for a weekly online sales record of $4.6 billion (see chart below). Meanwhile, the Wall Street Journal today explains that traditional retailers are making a final big push before Christmas (why would they ever not make a big push at this time?).

The articles cites a study/survey, which shows that approximately 71% of shoppers were done shopping as of December 23rd while past holiday seasons have had more like 85% of shoppers done by the 23rd. Part of the article reminded me of my own situation:

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Using Digg & The Wall Street Journal Together: Review with Screenshots

Digg LogoDigg founder Kevin Rose announced that Digg buttons will now be available on the Wall Street Journal website (WSJ.com). Not only that, but anyone will have free access to any WSJ articles visited via Digg. Coincidentally, this news comes around the same time Rupert Murdoch suggested that he might take down the Wall Street Journal’s online subscription pay wall. Whatever the circumstances, I’m a daily user of both sites and welcome the collaboration.

In fact, here’s a walk through of how the integration looks and works:

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The 12-Step Program for Email Addicts

The Wall Street Journal (subscription required) has an excellent article discussing email addiction and what to do about it. It’s the type of thing you laugh about with words like “CrackBerry” until you realize that professionals (including time-management experts, professors of psychiatry and family studies, and family counseling therapists) have weighed in on the subject and consider it closely related to Obsessive-Compulsive Disorder. Luckily, they’ve compiled a 12-step program for the email addict:

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