Proxy Battle Looms in Microsoft's Bid for Yahoo
by Alex Woodie

The drama between Yahoo and Microsoft continued to unfold this week, as Yahoo CEO Jerry Yang reiterated the company's position that Microsoft is offering too little money, and Microsoft chairman Bill Gates said the deal was fair. With the issue at a stalemate, the New York Times reported that Microsoft is preparing to launch a proxy battle with Yahoo's board. READ MORE >

HP Firing on All Cylinders in the Fiscal First Quarter
by Timothy Prickett Morgan

Somewhere, in the wintry confines of Westchester County, New York, there are a whole lot of executives at IBM who must be asking perplexing questions. Why did we get out of the printer business that is dominated by Hewlett-Packard and that gives the company so much profit? Why did we sell the PC business? Why didn't we buy Compaq to become the market leader in X86 and now X64 servers? How did HP get to be bigger than Big Blue in the IT space? READ MORE >

Surf's Up for Web-Based Organized Crime, IBM X-Force Says
by Alex Woodie

If you've noticed that attempts to steal your identity and your money on the Web have grown more sophisticated in recent months, you're not alone. In its analysis of thousands of attacks, IBM's X-Force security group confirmed that the underground criminal economy made a lot of headway last year in its quest to exploit software and human vulnerabilities in its pursuit of ill-gotten gains off the Net. READ MORE >

As I See It: Why IT Will Save the Economy
by Victor Rozek

Explanation #1: Fifteen years ago, two college kids were jogging along the beach and, as they were passing a large clump of flotsam wrapped in ropes of kelp, they noticed something glinting in the sunlight. They stopped, looked, and one of them reached into the slimy mass and pulled out what appeared to be an ancient lamp. As is the custom with ancient lamps, the young man began to rub it vigorously. No sense in taking a chance; they'd feel pretty stupid if they passed up their opportunity to awaken the Genie. READ MORE >