Falling Microsoft Income Endangers Yahoo Bid 195
Dionysius, God of Wine and Leaf, points out a new wrinkle to Microsoft's pursuit of Yahoo. The most recent quarterly results, which saw Microsoft's earnings drop by 6% from the previous year (revenue from Windows alone was down 24%), have caused the stock to dip. This has reduced the value of the cash-and-stock offer from its original $44B to something nearer $40B. Yahoo, of course, has maintained all along that the original offer was lowball. A business professor is quoted: "Whatever leverage [Microsoft] built up in the last few days could be slipping away."
Re:wrong wrong wrong* (Score:5, Informative)
And don't try the old asterisk in the subject line trick - we can see you're not a subscriber!
dumb, ill-informed sarcasm (Score:1, Informative)
For the record, both Yahoo! and Microsoft have open positions that they have a hard time filling with qualified people (so do Google, IBM, and most other high tech companies):
http://research.yahoo.com/Job_Opportunities [yahoo.com]
http://research.microsoft.com/aboutmsr/jobs/fulltime/default.aspx [microsoft.com]
The H-1b caps indiscriminately keep companies from filling those jobs; they keep out US educated Ph.D.'s, they keep out foreign educated Ph.D.'s, and they are a huge problem for industry and US competitiveness. Even if there's some abuse of H-1b's, capping H-1b's to prevent that abuse is like killing the goose that lays the golden eggs. If those Ph.D.'s can't come to the US, they work abroad and found their startups there, pay their taxes there, and create jobs there.
So, stop that stupid sarcasm and get some of the facts, OK?
Re:Clearly caused by H-1b limits (Score:3, Informative)
Currently the companies hold the H1-B visa holders by a tight leash because they can't switch jobs once Green card is applied. Also they can't switch jobs in the early years.
If both these restrictions are removed, companies will not be able to afford to pay their employees less than the fair market value. And then the local people will be able to compete more easily. Companies will not be able to use H1-Bs as a source of cheap employment.
So ask your senators to remove restrictions that cause H1-Bs to be looked as second class employees. Let them be treated at the level they merit, and you will not lose out on jobs.
Re:Downward spiral? (Score:2, Informative)
Maybe we should thank heavens that Microsoft went towards the PC world?
Re:Windows revenue dropped 24% ??!?!!! (Score:2, Informative)
Re:Revenue from Windows down? (Score:3, Informative)