Yahoo Wins Major Lawsuit

Yahoo has achieved a big victory against spammers, a legal victory that also includes a default judgment of $610 million.

In the lawsuit, filed in May 2008, Yahoo targeted a variety of individuals and companies, accusing them of trying to defraud people via a spam campaign that falsely informed email recipients that they had won prizes in a non-existent Yahoo-sponsored lottery.

Yahoo alleged that the defendants’ goal was to trick email recipients into providing them with personal and financial information that could be used to commit fraud by raiding victims’ bank accounts, using their credit cards and applying for loans on their behalf.

Judge Laura Taylor Swain from the U.S. District Court for the Southern District of New York ruled that Yahoo’s allegations are “uncontroverted” and said the company is entitled to $27 million in statutory damages for trademark infringement and $583 million in statutory damages for violation of the CAN-SPAM Act.

It’s not clear whether Yahoo will be able to collect the money. A default judgment is rendered when defendants in a case fail to plead or defend an action, as happened in this case, in which the defendants never responded to Yahoo’s complaint.

Source…

Yahoo Messenger Flaw Exposed

An unpatched Yahoo Messenger vulnerability that allows hackers to change people’s status messages and possibly perform other unauthorized functons can be exploited to spam malicious links to a large number of users.

The flaw was discovered in the wild by security researchers from antivirus vendor BitDefender while investigating a customer’s report about unusual Yahoo Messenger behavior.

The flaw appears to be located in the application’s file transfer API (application programming interface) and allows attackers to send malformed requests that result in the execution of commands without any interaction from victims.

“An attacker can write a script in less than 50 lines of code to malform the message sent via the YIM protocol to the attacker,” said Bogdan Botezatu, an e-threats analysis & communication specialist at BitDefender.

“Status changing appears to be only one of the things the attacker can abuse. We’re currently investigating what other things they may achieve,” he added.

Victims are unlikely to realize that their status messages have changed and if they use version 11.5 of Yahoo Messenger, which supports tabbed conversations, they might not even spot the rogue requests, Botezatu said.

This vulnerability can be leveraged by attackers to earn money through affiliate marketing schemes by driving traffic to certain websites or to spam malicious links that point to drive-by download pages.

Source….

Does Yahoo Have a Buyer?

Blackstone Group and Bain Capital are putting together a bid for all of Yahoo Inc with Asian partners in a deal that could value the Internet company at about $25 billion, a source familiar with the discussions said on Wednesday.

The potential bid by the group, which would include China’s Alibaba Group and Japan’s Softbank Corp, has not yet been finalized, the source and two other people familiar with the matter said.

Chinese e-commerce giant Alibaba, whose primary interest is in buying back a 40 percent stake owned by Yahoo, is keeping its options open and said it has not decided whether to participate in a bid for all of Yahoo.

“Alibaba Group has not made a decision to be part of a whole company bid for Yahoo,” Alibaba Group spokesman, John Spelich, said in an emailed statement on Wednesday.

Yahoo’s shares, which closed at $15.71 on the New York Stock Exchange on Wednesday, gained 6.4 percent to $16.72 in after-hours trading, valuing the company at more than $20 billion.

Source…

Will AOL Merge With Yahoo?

AOL is trying to engineer a merger with Yahoo in order to lower costs.

AOL’s CEO Tom Armstrong reportedly has been working hard to generate support from shareholders for a deal with Yahoo. According to Reuters, Armstrong is presenting the deal as an alternative to going it alone as an internet media company in order to reap cost and advertising reach benefits.

Apparently Armstrong is claiming that a merger with Yahoo, which itself is at the centre of acquisition rumours, would bring in savings of between $1bn and $1.5bn by combining datacentres and consolidating content on areas such as news, sports, entertainment and finance.

Since AOL was spun out of its disastrous merger with Time Warner, the firm has been trying to remake itself into an internet media company by buying popular websites such as The Huffington Post and Techcrunch. While many question whether that is a workable plan, the financials can’t mask the deep trouble AOL is in, with the company reporting a $11.8m loss for the second quarter.

While talk of AOL being bought up has cooled considerably in the last few months, the firm still has a few worthwhile assets. According to Reuters’ sources, shareholders like the idea of merging with Yahoo but are not convinced that Armstrong can pull it off.

Source….

Microsoft Goes After Yahoo

Just three years after a failed attempt to acquire Yahoo, Microsoft may be considering whether to give it another shot, Reuters reported today.

According to the report, Microsoft executives are split on whether the company should bid for Yahoo. A final decision has not been reached, the report noted.

Citing an unnamed “high-ranking Microsoft executive,” the report said Microsoft is evaluating whether to pull in a partner for a joint effort to buy Yahoo.

Microsoft said it doesn’t comment on rumors or speculation. Yahoo didn’t respond to a request for comment on the report.

“As long as Microsoft is committed to growing its online presence, this makes sense,” said Ezra Gottheil, an analyst with Technology Business Research. “Yahoo has a large number of subscribers and regular visitors, many of whom are not considering going elsewhere. And that would be a good boost for Microsoft.”

He also noted that Yahoo Mail, Yahoo’s popular free email service, would combine well with Microsoft’s own Hotmail service to create a very large base of email users.

In 2008, Microsoft tried to acquire Yahoo. Yahoo’s argument that the bid was tool low prompted Microsoft to finally give up.

Since then, Yahoo has been dealing with some significant problems.

No longer the high-flying Internet pioneer of its heyday, Yahoo last month fired Carol Bartz, who had joined the company as CEO with high hopes that she could return the company to its past glory.

Once Bartz was out the door, industry analysts began speculating that Yahoo’s board might be open to a solid acquisition offer.

Read More…

Did Google Increase Microsoft’s Ad Rates?

Google might have increased Microsoft’s ad rates 50 fold, a Bloomberg report says.

Someone familiar with the matter told Bloomberg that the US Federal Trade Commission (FTC) is looking into the rate increase.

It will also be looking into other allegations against Google about advertising as a result of complaints from Microsoft.

This is part of a larger antitrust probe into Google that began earlier this year, the source told Bloomberg.

An antitrust lawyer at Doyle Barlow & Mazard PLLC in Washington, Andre Barlow, told Bloomberg that, if true, the Microsoft allegations could be used to help the FTC build a case showing that Google has abused its power as the owner of the world’s most popular search engine, violating the Sherman Act and other antitrust laws.

He said, “A lot of this conduct, when put together with a firm with market power, could be viewed as a violation” of antitrust laws.

Read More…

Microsoft To Overhaul Hotmail

Microsoft will debut next month a major overhaul of its Hotmail webmail service, with upgrades across the board, including in areas like spam, security and performance.

“We listened. We learned. We reinvented Hotmail from the ground up,” reads an invitation sent on Friday to journalists for press events to be held on Oct. 3 simultaneously in New York and San Francisco.

“Forget everything you thought you knew about Hotmail. Just don’t forget this date,” reads the invitation.

Hotmail’s primary competitors are Google’s Gmail and Yahoo Mail. The last time the consumer webmail market got a product jolt was in 2004, when Google surprised the world with Gmail and its then-unprecedented amount of email storage.

At that point, innovation in webmail services had stagnated for years but Gmail shook Microsoft, Yahoo and other webmail providers like AOL out of their comfort zone, as they quickly responded by increasing the size of their email inboxes.

Read More…

Alibaba Debuts Smartphone Running Its Cloud OS

Alibaba Group unveiled its first self-developed mobile operating system and smartphone on Thursday in a bid to capture a slice of China’s burgeoning mobile Internet market.

The cloud computing-based operating system, Aliyun, will run the K-Touch Cloud Smartphone, to be launched at the end of July in 10 colors, said Wang Jian, president of Alibaba Cloud Computing, a unit of Alibaba Group.

A tablet PC running the Aliyun OS, which is based on a customized Android system, will also be launched in China by the end of the year, Wang told reporters after a presentation in Beijing.

Handset manufacturer Tianyu will manufacture the K-Touch as well as the tablet, Wang said.

“Mobile users want a more open and convenient mobile OS, one that allows them to truly enjoy all that the Internet has to offer, right in the palm of their hand, and the cloud OS, with its use of cloud-based applications, will provide that,” said.

The Aliyun operating system will feature cloud services such as email, Internet search and support for web-based applications. Users will not be required to download or install applications onto their mobile devices, Wang said.

Alibaba Cloud plans to integrate the operating system with other devices including mobile phones with larger screens and tablet computers in the coming months.

Wang said the company was looking to launch tablet computers running Aliyun by the end of the year.

The company is currently in talks with Qualcomm Inc to develop a lower-end chipset optimized to run Aliyun OS in lower-end mobile phones, Wang said. The K-Touch phones use a high-end chipset from Nvidia Corp for crisp display of intricate games.

Read More…

Data Center Emissions Concerns Citizens

Some residents of Quincy, Washington, the location of massive data centers operated by Microsoft, Yahoo and others, are growing concerned about pollution from backup diesel generators at the data centers, and on Wednesday they’ll have the chance to discuss the issue.

The Washington State Department of Ecology is conducting a public meeting on Wednesday evening in Quincy for residents to voice their concerns over on an application from Dell for permission to use 28 generators powered by diesel engines.

Quincy, a town of around 6,000 people, will have 141 back-up generators once those belonging to Dell, and others that have been permitted or are in line for permission, are put in place. While the generators are designed to be used only in the rare case of an electricity outage, the data center operators turn them on regularly for testing.

On average, the companies are permitted to turn on each generator for 103 hours per year. If they use that maximum running time, data center generators in Quincy would run for the equivalent of 40 hours per day on average.

The Department of Ecology says diesel emissions, when breathed in, have been known to create or worsen a variety of health problems, including heart disease, asthma and
lung cancer.

Some residents, including former mayor Patty Martin, wonder about the health impact of the diesel emissions on the community. She thinks the generators should use the same types of devices to reduce emissions that are required by other Washington cities such as Olympia and Moses Lake.

Such devices aren’t necessary in Quincy, said Karen Wood, section supervisor for air quality in Eastern Washington for the Department of Ecology. Because Olympia is a much bigger city it already has high diesel emissions from other sources, so a new data center there was required to reduce its emissions, she said.

Read More….

Yahoo Creates Search Tools For Smartphones

Yahoo wants to aid in smartphone owners finding mobile applications and information about them.

On Thursday, the company is debuting a feature in its search engine called App Search, as well as application search tools for Android and iPhone devices named AppSpot.

Both the new App search feature and the mobile search tools can be used to seek applications for iPhone and Android devices, although the company expects to expand that scope in the future.

For now, Yahoo has indexed the mobile application catalogue of the Android Market and of the Apple App Store, and is convinced that it can do a better job than the search tools of those two online shops.

Finding information about mobile applications, like descriptions, ratings, reviews and recommendations, is at a rudimentary stage similar to web search in the mid-1990s, Seth said.

The way Yahoo sees it, many people today struggle to find the right mobile application among the hundreds of thousands available for Android and iPhone devices.

Read More…..

« Previous Page