An interesting day in tech
A quick hit blog entry here:
That Microsoft is trying to purchase Yahoo will greatly extend their reach into hosted services and provide an expanded revenue source with ad revenue. In addition, they’ve made a push this year with Silverlight and their Expressions products. They’re taking on Apple, Adobe, and Google all at the same time. It’s fascinating stuff to be sure and hey…how many companies can pony up $44B? Here’s one take on it from MSNBC
Also, Avid announced earnings today and they continue to take a beating. While they seemed to do okay for the quarter, their year ended up on a down note and so as of now, their stock is down about 30% in one day…OUCH.
Here’s the Avid Press Release