While Getty Images continues to look around for someone to buy them, the rising Internet-based stock image house PhotoShelter today announced that it has hired two new executives, one of which it hired away from Getty. When it launched its stock image business called the PhotoShelter Collection late last year, the company promised to invest $1 million toward promoting the Collection's images among buyers of stock photography. As part of this effort, the company has hired former American Express Senior Product Manager Andrew Fingerman to be PhotoShelter's new vice president of marketing, and Getty Images' former market development … Read more
Adobe Creative Suite users will soon have to turn to other Web-based or local stock photography services to get their stock photo fix.
Adobe on Monday quietly announced the end of its stock photography service. The Stock Photos service has been a part of the popular Creative Suite since the introduction of Adobe Bridge in version 2. The cutoff date is March 31st, giving users a little less than two more months to use the service to acquire legal shots to use in design work.
Microsoft went public Friday with a $44.6 billion cash-and-stock bid to acquire Yahoo.
In its response, Yahoo called the Microsoft bid "unsolicited" but did not reject it.
Microsoft's offer, which was contained in the letter to Yahoo's board, amounts to $31 a share and represents a 62 percent premium over Yahoo's closing price on Thursday. Microsoft said it will offer shareholders the option of cash or stock.
"We have great respect for Yahoo, and together, we can offer an increasingly exciting set of solutions for consumers, publishers, and advertisers while becoming better positioned … Read more
Correction, 2:05 p.m. PST: This blog initially misstated Google's 52-week high. It is $747.
On his way to China last week, RSA's top executive, Art Coviello, stopped off in San Francisco for a meet-and-greet with customers in the financial sector. What with all the pyrotechnics on Wall Street, you'd think the banks would be cutting back spending on everything from encryption software--RSA's bread and butter--to thumb tacks.
Maybe that's happening and they're just not 'fessing up, but Coviello says he's not seeing evidence of a big pullback in technology spending.
Like … Read more
As investors around the globe view the sputtering U.S. economy with fear and trembling, at least one maven of the market economy sees a reason for hope: Bill Gates.
Stopping in Berlin on his way to the World Economic Forum in Davos, Switzerland, where he's expected to speak Thursday about the ways a more "creative capitalism" could benefit society's needier members, Microsoft's chairman told the German newspaper Bild that the best medicine to stave off a worldwide economic crisis is a good dose of new tech.
"I am an optimist. The U.S. … Read more
Getty Images, a major seller of stock photos and other licensed media, confirmed on Tuesday a New York Times report that it's for sale.
Or at least that its board is "exploring strategic alternatives to enhance shareholder value," according to a company statement.
The company didn't comment on the Times' report that the most interested buyers were private-equity firms such as Kohlberg Kravis Roberts and Bain Capital, or that its price could go as high as $1.5 billion.
Getty hired Goldman Sachs as financial adviser and Weil Gotshal & Manges as legal adviser, the Seattle-based … Read more
Some may be thankful there are only three weeks left in the holiday shopping season, but many of you are panicking because there are only three weeks left. For you anxious-ridden procrastinators, we're here to help.
CNET's holiday gift guide is packed with great tech gift ideas, and we're updating it as choice new items hit the shelves. If you just need a little something, check out our stocking stuffers and the tech gifts under $100.
Some people at Google slave away at building a better search engine, or enabling social networks like Orkut, or helping people find directions to places. Not Bonnie Brown. She rubs people's backs. And she has made multiple millions doing so.
Ms. Brown didn't get rich on her salary. In fact, Google paid her a miserly $450 per week (part-time, mind you). No, it was her stock options that have crowned her queen of the massage parlor.
She's not alone, either. There are apparently lots of millionaire-masseuses-in-waiting at Google:
It is estimated that 1,000 employees, Ms Brown among them, have accrued fortunes worth at least $5 million apiece from the nine-year-old web giant's rise and rise. The money has flowed from Google's stranglehold of the hugely lucrative online advertising market (it reported revenues of $7.5 billion in the first half of the year alone) and investors? seemingly insatiable appetite for the group?s shares. Yesterday, the company, founded in a garage by two students, sported a stock market value of some $207 billion.… Read more
New Apple General Counsel Daniel Cooperman won his first battle on behalf of his new company yesterday, successfully convincing a judge to dismiss a shareholder lawsuit over Apple's stock-options backdating mess.
The New York City Employees Retirement System had sued Apple claiming that the company's practice of backdating stock options diluted the value of the stock. Apple has admitted that it improperly backdated stock options on several occasions, including two awards to CEO Steve Jobs, and last December it took a $84 million charge to account for the options.
But the suit had to show that Apple shareholders … Read more
Last Saturday, the online image backup and storage website PhotoShelter officially launched its new stock photography outlet PhotoShelter Collection, which will compete with high-end stock houses, such as Getty Images and Corbis. With established stock image providers feeling serious pressure from microstock sites, such as Fotolia, which offer their images for as little as $1, it might seem strange for PhotoShelter to enter the game now, but they plan to distinguish themselves from the competition by giving photographers a larger commission, control over pricing, and by promising that they won't participate in what they see as the devaluation of … Read more