Press
Samsung Tries to Swallow SanDisk In Flash-Memory Power Play
Posted by Wilson Rothman at 9:45 AM on September 17, 2008
If you dream of a day that spinny, crashy hard drives are fully replaced by cool, quiet flash memory, then you probably know Samsung makes a lot of the chips, and that SanDisk sells a lot of them in stores. According to the WSJ, Samsung wants a piece of the retail action, because it announced it had offered to buy SanDisk for $US5.8 billion, potentially with the aim of absorbing and/or eliminating SanDisk's brand and distinct products altogether. Even though this was a seriously nice offer given SanDisk's crappy stock performance of late, the company told Samsung to eff off, calling it an "opportunistic attempt" to pick up SanDisk while it's down. Samsung says that SanDisk "continues to cling to unrealistic expectations." Tell me, why does this intended corporate marriage sound so much like my parents' divorce? [WSJ]

Microsoft has retired their bid over Yahoo completely, citing "excessive demands" on Yahoo's part. They won't try to do a hostile takeover either, because "Mr Yang would "take steps that would make Yahoo undesirable as an acquisition for Microsoft," according to Steve Ballmer. The potential nightmare/dream love story is over. Do you think this is bad for the world, given Google's almost monopolistic position? Or maybe it's good because Microsoft already has enough power? Tell us your comments after reading the rest of Steve Ballmer's farewell letter after the jump.
Yahoo! and Microsoft have failed to agree on a takeover deal. The deadline for the deal was last weekend, and Saturday came and went without so much as a peep from either party. This means two things: a hostile takeover, which would mean kicking out the Yahoo! board at the shareholders' meeting; or Ballmer et al