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PCTECH Computer Services provides computer service and repair anywhere in the Vancouver Lower Mainland.

Microsoft withdraws proposal to acquire Yahoo!

4 May, 2008

On Saturday, Microsoft Corp. withdrew its proposal to acquire Yahoo! Inc.
"We continue to believe that our proposed acquisition made sense for Microsoft, Yahoo! and the market as a whole. Our goal in pursuing a combination with Yahoo! was to provide greater choice and innovation in the marketplace and create real value for our respective stockholders and employees," said Steve Ballmer, chief executive officer of Microsoft.

"Despite our best efforts, including raising our bid by roughly $5 billion (US), Yahoo! has not moved toward accepting our offer. After careful consideration, we believe the economics demanded by Yahoo! do not make sense for us, and it is in the best interests of Microsoft stockholders, employees and other stakeholders to withdraw our proposal," said Ballmer.

"We have a talented team in place and a compelling plan to grow our business through innovative new services and strategic transactions with other business partners. While Yahoo! would have accelerated our strategy, I am confident that we can continue to move forward toward our goals," Ballmer said.

"We are investing heavily in new tools and Web experiences, we have dramatically improved our search performance and advertiser satisfaction, and we will continue to build our scale through organic growth and partnerships," said Kevin Johnson, Microsoft president for platforms and services.

 
 

Reprinted by permission of Integrated mar.com (integratedmar.com), EchannelLine © Copyright 2008 Integratedmar.com Corporation.

 
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PCTECH, PC TECH, PCTECH Computer Services, "Forget the Geeks, Ignore the Nerds, Call the Professionals", "Professional Service with a Personal Touch" and company logo are Registered Trademarks of PCTECH Computer Services Inc. PC Tech provides onsite, mobile computer service and repair to virtually any make or model of laptop computer, desktop computer, network and servers in the Vancouver Lower Mainland. computer repair Downtown, computer repair Vancouver, computer repair Richmond, computer repair Surrey, computer repair White Rock, computer repair Burnaby and computer repair Coquitlam. Our services include virus & spyware removal, hard drive data recovery, server installation and networking, laptop, printer and monitor repair. As well, telephone remote support and maintenance agreements. PCTECH voted number one in onsite computer service and repair 2008 & 2009 by Consumers' Choice Award.