CIO Insight Staff

Billionaire Carl Icahn opposes selling part of Yahoo to former AOL Chief Executive Jonathan Miller or anyone else because it is undervalued, he told CNBC on Wednesday. "I don’t think there is very much to having a partial bid for the company, at least as a large shareholder," Icahn said. Miller, according to a report […]

Former AOL Chief Executive Jonathan Miller is seeking as much as $30 billion from investors to buy all or part of Yahoo, The Wall Street Journal reported on Tuesday, boosting shares of the Web search engine by 7 percent. But raising so much money in the current market may be tough, with banks unwilling to […]

The U.S. Federal Communications Commission is likely to consider a plan this month to auction public airwaves with a mandate that the winning bidder set aside some for free Internet nationwide, a proposal staunchly opposed by the cell phone industry. The plan is championed by FCC Chairman Kevin Martin, a Republican whose time as chairman […]

Struggling smartphone maker Palm said Friday it is cutting its workforce, a move the company takes as it loses market share to rivals Apple and Research in Motion. Spokeswoman Lynn Fox said the layoffs began this week, but she declined to say how many jobs would be cut. Palm, which employs 1,050 workers, makes the […]

Internet search giant Google is known for hosting the most extravagant holiday parties in Silicon Valley, often drawing crowds of over 10,000 and prompting some employees to post ads for party dates on classifieds Web site Craigslist. But even Google has decided to scale back its holiday celebrations this year due to a global economic […]

Verizon Wireless said on Thursday that some employees had gained unauthorized access and viewed a personal cell phone account held by President-elect Barack Obama that is now inactive. An Obama aide said his voice-mail messages and e-mails were not breached in the incident. "We were notified yesterday that employees had accessed the records of an […]

Google said it would shut down its three-dimensional virtual experience Web site by year end to focus more on its core search, advertisements and applications business. The company said in its blog it supports experimentation but added: "We’ve also always accepted that when you take these kinds of risks not every bet is going to […]

Recognizing the limits of traditional advertising, established technology companies are diving headlong into the sometimes chaotic landscape of social media to promote their products. Companies ranging from PC maker Dell to storage equipment maker NetApp are increasingly turning to outside blogs, viral videos and websites such as FaceBook, Twitter, FriendFeed and Digg–and their tens of […]

To impress shareholders, Yahoo‘s next chief executive needs just one qualification: the willingness to do a deal with Microsoft. That’s because this remains Yahoo’s best option, short of a dramatic turnaround plan, analysts said. But if Microsoft does eventually buy Yahoo, shareholders should brace themselves for a price far lower than the $47.5 billion the software […]

Software maker Adobe Systems and chip designer ARM will collaborate to bring better Web services to ARM-powered devices including cellphones from most of the world’s biggest handset makers. U.S.-based Adobe, which makes tools for the Internet’s most popular video software and made possible the rise of sites such as Google’s YouTube, will optimize its Flash […]

Mark Cuban, owner of the Dallas Mavericks professional basketball team, was charged with insider trading in shares of Mamma.com, an Internet search engine firm, the Securities and Exchange Commission said on Monday. Cuban, one of the five finalists to buy the Chicago Cubs pro baseball team, faces civil charges by acting on nonpublic information and […]