Rochester,NY 7/10/2009 12:07:32 AM
Afternoon Stock Report - YHOO - Eric Schmidt Should Resign! - Sourced WhisperFromWallStreet.com
Yahoo! Inc.
Afternoon Stock Report - YHOO - Eric Schmidt Should Resign! - Sourced WhisperFromWallStreet.com
Yahoo! Inc. YHOO
Google (Nasdaq: GOOG) CEO Eric Schmidt has held a seat on Apple's (Nasdaq: AAPL) board of directors since 2006. It's probably high time for him to get out of that boardroom.
Two months ago, the Federal Trade Commission started looking into the high-level Google-to-Apple connection. At the time, the companies competed in several important product categories: iPhone versus Android in cell phone software, Safari and Chrome in Web browsers, and MobileMe against Gmail in email software. Schmidt had to recuse himself from any discussions on iPhone strategy, for example.
And now pretty much all of Apple is facing competition from Google. The just-announced Chrome operating system is up against Mac OS X, with a stated goal to "to power computers ranging from small netbooks to full-size desktop systems."
Last Trade: 14.59
Day's Range: 14.25 - 14.68
52wk Range: 8.94 - 24.80
Volume: 8,156,707
ABOUT - Yahoo! Inc.
Yahoo! Inc. provides Internet services to users, advertisers, publishers, and developers worldwide. The company owns and operates online properties and services, and provides its advertising offerings and access to Internet users through its distribution network of third-party entities, as well as offers marketing services to advertisers and publishers. Its Front Doors offerings include Yahoo! Front Page, My Yahoo!, and Yahoo! Toolbar; Communities offerings consist of Yahoo! Groups, Yahoo! Answers, and Flickr to organize into groups and share knowledge and photos; and Search products comprise Yahoo! Search, Yahoo! Local, Yahoo! Yellow Pages, and Yahoo! Maps to navigate through the Internet and search for information. It also offers Communications offerings comprising Yahoo! Mail, Zimbra Mail, and Yahoo! Messenger that provide communication services to users and small businesses through its broadband Internet access partners.
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