For Jerry Yang, July 3 will loom large in his diary. That is the date that Yahoo!, the online giant he co-founded 14 years ago, has set for its annual shareholder meeting and he will face dismayed investors, angry at the weekend's rejection of a last-minute ,5-billion offer from Microsoft.
The snapping up of a controlling stake in India's fourth-largest mobile phone operator, Hutchison Essar (Hutch), is being seen as transformational for Vodafone -- and a major coup for its chief executive, Arun Sarin, less than a year after a shareholder rebellion over uncertainty aaout the group's direction.
Google lost yet more of its shine this week after a senior executive admitted growth at the company was slowing. Shares in Google fell 13% in early trading on Wall Street after chief financial officer George Reyes told an investor conference in New York that ''growth will slow'', although he added: ''Will it be precipitous? I doubt it.''
Vodafone wiped £28-billion off the value of its business recently as it warned that tough competition in its core European markets, regulatory price cuts and the effect of new technology, such as free calls on the Internet, will hurt profits. The news, the company's third warning about tough trading in four months, sent its shares into reverse, increasing pressure on embattled chief executive Arun Sarin.