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Apr-13-2008Google hires Quattrone's Qatalyst Group as adviser: report(topic overview)
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Over 25 years, Quattrone led teams at Morgan Stanley, Deutsche Bank and Credit Suisse which were responsible for 400 mergers valued at more than $500 billion. His client list includes many of Silicon Valley's blue-chip tech firms. Last month, Quattrone announced that he and some former colleagues had started Qatalyst Group, a tech-focused investment banking boutique based in San Francisco, to provide merger and corporate finance advice to technology companies. At the time Google chief executive Erid Schmidt said: "I look forward to working with him again and am very enthusiastic about Qatalyst's prospects for success." Yahoo announced on Wednesday it had agreed to a test of whether it should turn over its Web search advertising sales to Google so it can focus on other efforts. [1] Quattrone underwrote some of the biggest initial public offerings during the late-1990s technology boom while at Credit Suisse First Boston. Last month, Quattrone announced that he and some former colleagues had started Qatalyst Group, a tech-focused investment banking boutique based in San Francisco, to provide merger and corporate finance advice to technology companies. "I look forward to working with him again and am very enthusiastic about Qatalyst's prospects for success," Google Chief Executive Eric Schmidt was quoted as saying in the press release announcing the opening of Quattrone's new firm. "He is advising the company," the source said on Thursday of Google's decision to hire him, offering no further details.[2]
Frank Quattrone, a long time pal of Eric Schmidt's, spent years under a cloud of accusations of obstruction of justice while at Credit Suisse. Quattrone's subsequent clearing of the charge after four years removed any obstacles for him to work in the financial industry. He founded a new firm, the Qatalyst Group, and now has a role advising the big search advertising company.[3]
Frank Quattrone, founder of the Qatalyst Group and one of the first i-bankers to assess Google in the '90s, has been enlisted as advisor to CEO Eric Schmidt. His role will be to help spring-load a strategy against the escalating drama between Yahoo and Microsoft, reports The New York Times.[4] Frank Quattrone, the dotcom investment banker who fought off corruption allegations, has been hired by Google to advise it on its future strategy, confirming his re-emergence as a power player in Silicon Valley. Qatalyst Group, the merchant banking boutique set up by Mr Quattrone, has joined Google's roster of corporate advisers to help it plan its response to the possible combination of Microsoft and Yahoo, its closest rivals. Mr Quattrone once ruled a personal fiefdom inside Credit Suisse, but was brought down in 2000 and was found to have circulated an email that recommended - jokingly, he said - that his staff destroy emails prosecutors wanted for an investigation into boom-time excesses.[5]
The Dealbook Blog cited sources close to the matter on confirming Qatalyst's hiring by Google. Yahoo and Google became a little closer this week, with the news that Yahoo will carry AdSense for Search in a two-week, limited test of the service. Peter Kafka at Silicon Alley Insider said those who remember the Quattrone case "can go straight to 'can you believe this!' phase." Charles Cooper at CNet suggested those people need to get over it, especially since the banned-for-life from the securities industry's Henry Blodget has been able to move on with his life. People who feel Quattrone's days at Credit Suisse cost them a ton of money will likely never forgive him. Schmidt has, if he ever thought ill of his friend in the first place. His presence makes the whole Yahoo, Microsoft, Google, News Corp, AOL drama a more interesting deal to watch.[3] Yahoo directors are reportedly meeting Friday to discuss the Microsoft bid and a potential deal with AOL. Quattrone is advising Eric E. Schmidt, Google'''s chief executive, as the Internet giant figures out its next step in the takeover struggle between Yahoo and Microsoft, people briefed on the matter told DealBook. Mr. Quattrone'''s role ''' his first high-profile transaction since being cleared of obstruction of justice charges last year ''' arrives as the drama surrounding Yahoo reaches a new level of complexity.[6] As Google, Microsoft, and Yahoo all wrestle with Microsoft's attempt to buy Yahoo, Google decided it needed some outside counsel. Google CEO Eric Schmidt chose none other than Frank Quattrone, who was cleared of obstruction of justice charges last year, to whisper sweet hostile take-over nothings into his ear. For the last two-plus months, Google, Microsoft, Yahoo, and others have been in a slow dance as everyone tries to get what they want out of the MicroHoo deal.[7] Quattrone will look at mergers and acquisitions and ways to combat the potential threat of a combined Microsoft and Yahoo. It is the first role for the merchant banker since being cleared by a judge last year of obstruction of justice charges. Google chief executive Eric Schmidt and Quattrone are old friends and colleagues and the San Francisco-based banker was one of the first to see the potential of Google when it was still in its infancy in the late 1990s.[8] Google has hired controversial banker Frank Quattrone as a strategic advisor in his first major high-profile role since he was acquitted by a U.S. judge of obstruction of justice charges last year. Google is thought to want him on board to help meet the threat of a potential takeover of Yahoo by Microsoft.[1]
Google has hired the controversial banker Frank Quattrone, who has beaten charges that he manipulated stock offerings for favoured clients, according to The Times. Quattrone was accused by federal investigators of trying to cover up evidence that he pushed lucrative stocks towards favoured clients when they went public during the internet boom. His first trial ended in a hung jury and he was convicted in a second trial, but that ruling was later overturned on appeal. Now he has been hired as a special advisor to Google, possibly to advise on how the search giant will handle the forthcoming planned merger of Microsoft and Yahoo.[9]
SAN FRANCISCO (Reuters) - Former star technology investment banker Frank Quattrone is advising Google Inc as the Web search leader mulls its strategy amid Microsoft Corp's move to buy Yahoo Inc, a source familiar with the arrangement said on Thursday.[2] Former star technology investment banker Frank Quattrone is advising Google as the websearch leader mulls its strategy amid Microsoft'''s pursuit of Yahoo, reports Reuters.[10]
The two men have worked together for years, and Mr. Schmidt was even quoted in the press release announcing the creation of Qatalyst. '''I look forward to working with him again and am very enthusiastic about Qatalyst'''s prospects for success,''' Mr. Schmidt said at the time. Mr. Quattrone was also one of the first investment bankers ever to meet with Google when the company was still in its infancy in the late 1990's. Google is clearly weighing its options, especially after it emerged that Microsoft is in talks with the News Corporation about teaming up for a new bid.[11] Quattrone's firm will advise Google (NASDAQ: GOOG) and its CEO Eric Schmidt in the takeover battle between Yahoo (NASDAQ: YHOO) and Microsoft (NASDAQ: MSFT). Schmidt's calling on Quattrone comes as no surprise since he was quoted in the press release announcing Qatalyst's formation. "I look forward to working with him again and am very enthusiastic about Qatalyst's prospects for success," Schmidt said at the time. It will not be surprising to see Qatalyst do additional work for Google beyond the current headline-grabbing tussle for Yahoo.[12] Google's chief executive Eric Schmidt said: "Frank and his team bring unparalleled industry knowledge, a unique 25-year market perspective and candid, insightful judgment that CEOs greatly value on important strategic initiatives. "I look forward to working with him again and am very enthusiastic about Qatalyst's prospects for success." The role is Mr Quattrone's first since he was cleared of obstructing a government investigation into rigging initial public offerings.[13] Google chief executive Eric Schmidt commented on the launch of Qatalyst last month, stating that it was an "important development" for the sector. "I look forward to working with him again and am very enthusiastic about Qatalyst's prospects for success," he added.[14]
If Eric Schmidt has anything to do with it, it ain't gonna be Google. The New York Times is reporting that Schmidt has turned to his old crony, Quattrone, for help. He has hired Quattrone's new law firm, the Qatalyst Group, to provide legal counsel and help it strategize the movements of this dance.[7] Google has formally hired Mr. Quattrone's new firm, the Qatalyst Group, people close to the company said. He has already been involved in a series of meetings and conference calls, these people said. That Mr. Schmidt would call on Mr. Quattrone is no surprise.[11]
San Francisco's Qatalyst Group, recently established by investment banker Frank Quattrone, is now advising Google, the New York Times reported Friday.[12] Qatalyst Group is headed by colorful Silicon Valley investment banker Frank Quattrone, who as we noted in March has returned to the Valley after spending years in the wilderness fighting obstruction of justice charges.[15] The former star dealmaker, who was said to have generated as much as 15pc of Credit Suisse's revenues during the tech boom, launched Qatalyst Group last month, a technology-focused investment banking boutique offering merger and corporate finance advice.[13] Quattrone underwrote some of the biggest IPOs during the late-1990s technology boom while at Credit Suisse First Boston. Last month, he announced that he and some former colleagues had started Qatalyst Group, a tech-focused investment banking boutique based in San Francisco, to provide M&A; advice to technology companies.[10]
DealBook reports that Quattrone and Google CEO Eric Schmidt have been friends for years and Quattrone has a long history with Google. Quattrone is well known as the chair of the Tech Museum of Innovation based in San Jose, Calif. But he is also remembered as the former Credit Suisse banker who was charged with obstruction of justice while federal regulators investigated accusations that the investment banking IPO industry was crooked.[16] Quattrone, a veteran Silicon Valley deal maker, reportedly earned more than $200 million as an investment banker with Credit Suisse First Boston. It was a sweet gig until he was convicted of obstruction of justice for his alleged involvement in the tinkering of evidence in a CSFB case. He reached a deal with the government in 2006, under which his criminal case would be thrown out if he demonstrated good behavior for a year.[17] Quattrone's star fell with a prosecution, begun in 2003, tied to the destruction of emails during a probe of dot-com era initial public offerings when in charge of Credit Suisse's Silicon Valley operations. Federal prosecutors accused him of forwarding an email to colleagues in December 2000 suggesting that it was 'time to clean up those files'. He spent years fighting to clear his name in court. His first trial on obstruction charges ended in a hung jury. He was convicted in a second trial but an appeals court overturned the conviction.[8] In August 2006, Mr Quattrone agreed a deferred prosecution deal to avoid a third trial on obstruction of justice charges. The first ended with a hung jury; his conviction in the second was overturned on appeal.[5]
Quattrone, of course, was beset by the U.S. legal system for years on obstruction of justice charges. After two trials, Uncle Sam gave up on one of the charges, and he was cleared of another conviction when the presiding judge misinformed the jury about how to interpret the law. Technically, he's not a criminal. Are his hands clean? Who is to say. Whatever happened in Quattrone's past, he's obviously looking to recapture the former glory of a life lived in the business spotlight. As the impact of this acquisition will reverberate around the Internet for years to come, any role he might play is sure to affect us all.[7]
Mr Quattrone rose to prominence during the 1990s as the technology boom gained momentum, underwriting a number of hi-tech initial public offerings, Reuters reports. He was later accused of suspect stock dealings by U.S. federal prosecutors and spent several years attempting to clear his name in court, with a second trial resulting in a previous conviction being overturned. He is now part of a new investment banking organisation called Qatalyst, which specialises in providing merger and finance advice to technology firms.[14] Or, more specifically, Google has contracted with Quattrone's firm the Qatalyst Group to provide consulting work. This, sources say, is a sign that Google has been actively involved in Yahoo's discussions with AOL about a potential merger between the two.[16]
Google will continue to innovate and the market for services by people that aren't smart or technologically sophisticated enough to realize Google is #1 will shrink. Microsoft should spend their money buying smaller companies taht are doing innovative thinks, particularly in new areas (vs. feeling they just have to go head-to-head with all of Google's products. Give these companies the autonomy they need in the partnership to get things done and make the needed recommendation. Neither Microsoft nor Yahoo can take for granted their respective market shares if they don't start innovating and do it fast. Doesn't it seem like the bureaucracy will increase with a forced merger with Yahoo? If most Yahoo execs don't believe in the partnership and a good percentage of people who work at Microsoft don't than won't this just make it more complicated to get things done? Make it more convuluted, make it harder to have a company vision. They also need to buy small companies that are innovative in click-thru strategy developing some of the technologies of the future in this area. Google should just let the merger happen and spend all their energy making their stuff that much better than this combined company that will stumble.[11] If you want make former Yahoo merger partner and now Microsoft merger parter News Corp.' s (NWS) Rupert Murdoch squirm, there's nothing like adding yet another wizened media mogul to the mix. My No. 1 choice would be some kind of hopelessly complex mashup with the properties of Sumner Redstone (pictured here), who controls both CBS (CBS) and Viacom (VIA). I am thinking something that includes SpongeBob SquarePants and those irksome girls from "The Hills" (also pictured here) and, say, Katie Couric.[18]
The test is thought to be part of a planned three-way alliance to combine Yahoo with Time Warner's AOL to ward off Microsoft Corp's two-month-old, $42 billion takeover bid. The Times revealed this morning that Microsoft is in talks with News Corp, parent company of The Times, about a possible joint bid for Yahoo.[1] The news follows earlier reports that Rupert Murdoch's News Corporation is considering entering the fray over Yahoo!, with plans to join Microsoft's $50bn (£25bn) takeover bid for the struggling search engine. Yahoo! itself is said to be in talks to fold Time Warner's AOL business, excluding its legacy dial-up web access operations, into a combined Yahoo! group.[13]
Google recently formed a tentative agreement to serve ads on Yahoo's search results. Shortly thereafter, news broke that Yahoo may absorb AOL, while Microsoft allies with News Corp. to consider raising its bid.[4] Now that Microsoft is reportedly talking with News Corp. about ways to sweeten Microsoft's bid for Yahoo, Google is not planning on standing idly by.[16]
I hope the Microsoft bid is a force which drives some brilliant new value out of creative business relationships, but it will be a shame if Yahoo! is absorbed by another. As for Quattrone, we do not need more hollow internet business, but perhaps his crafty mind can do good? Schmidt, not Quattrone, will be responsible for whatever Schmidt/Google does.[11] It shouldn't come as much of a surprise to industry watchers -- when Quattrone launched a boutique investment bank called Qatalyst in March, he clearly had the backing of Google CEO Eric Schmidt.[17] Eric Schmidt, Google's chief executive, last month hailed Mr Quattrone's return as an important development for the investment banking industry.[5]
I am SHOCKED, simply shocked that the great internet visionary, master and savior of Sun and Novell, the supreme strategist, eric schmid,t would not have, months ago, plotted out the possible scenarios with yahoo, aol, etc. It's amazing how when it comes to google, yahoo, and aol the whole concept of shareholder value seems to be completely lost on the ego-driven managers.[11]
Even cue the trumpets!!! the late entrance of that man-about-Silicon-Valley from Web 1.0, Frank Quattrone, working for Google, which is helping Yahoo on AOL (and, fun, snake-eating-itself fact: as a banker, Quattrone worked for Yahoo when it was contemplating buying eBay). This is so deliciously sweet, in terms of geek soap opera, that I fear I may get a major cavity soon.[18] Google and other technology companies might best be served by Mr. Quattrone and his band of Qatalysts in the same area that Frank Quattrone is hoping to see tremendous capital gains: the start-ups that are polishing, spritzing and synching the Web, so to speak. This is all about Mr. Quattrone's belief in the possible, and getting there when the possible is in its infancy. He pays his respects at the altar of ingenuity. He is one of the few on-the-record acolytes of pure start-ups bred with ample capital and connections. He is The Big Four, as his name indicates, because he believes in the Big Four: capital, creativity, connections and coglioni, this last Italian for chutzpah/courage/well, you know what I mean.[11]
Google has hired controversial investment banker Frank Quattrone, reports the New York Times DealBook blog.[16] Quattrone was one of the first investment bankers to consult with Google when it was but a lowly startup in the late 1990s.[7] Notably Quattrone was one of the first investment bankers to show an interest in Google.[15]
Quattrone was head technology banker for Credit Suisse, and Morgan Stanley before that, during the first internet boom and had a hand in practically every major Internet IPO during the 1990s, from Amazon to Netscape.[15] At Credit Suisse First Boston Quattrone once earned $120 million in one year and underwrote some of the biggest dotcom boom flotations. He was accused by Federal prosecutors in 2003, as the internet boom had turned to bust, of forwarding an e-mail to colleagues in December 2000 suggesting that it was "time to clean up those files." It was alleged that he gave favoured clients "hot stocks" ahead of flotations.[1]
In a long career in the sector Quattrone has worked at Credit Suisse, Morgan Stanley and Deutsche Bank and was responsible for 400 mergers worth more than $500 billion.[9]
Quattrone and Google face major obstacles to joining the current web company mergers and acquisitions boom, given the firm's dominant position in the search and online advertising field.[8] Google and yahoo relationship benefits Google more than yahoo. Yahoo in the other had would benefit from Microsoft merger, however this would crush the WEB 2.0 industry and make Microsoft a Monopoly in the WEB 2.0 business.[11] With power comes arrogance, and not too far behind comes the torch bearing night mob. Yahoo! is held in regard partly because they failed to dominate long term, partly because they provide customer focused services, and partly because they give openly. Google is dominating, but trying to do even more of the last two, in their Googlegeeky way, so that they don't become that power we love to hate. We'll see how it all pans out, but Microsoft is no one's friend, just a vendor/partner of necessity, and still such a power most in business would not speak ill directly to them.[11] The move comes shortly after Yahoo! announced that it is to undertake a limited test of Google's AdSense for Search service, which will allow Google ads to be placed next to Yahoo! search results and will apply only U.S. Yahoo.com traffic.[14]
"If Yahoo ultimately pairs with AOL, it will strengthen Google's share of the search market" regardless of whether Microsoft buys the company, Research Recap optimistically proclaimed.[4] For Google, it might be smart buying Yahoo as they would capture huge pieces of international markets like Asia, and Google could take Yahoo's entities (search, mail) and make them as cutting edge and innovative as Google's, expanding in those markets so the Google/Yahoo combined company has more market share and revenue than individually.[11]
Microsoft is the only company that can put the money behind the Yahoo brand to challenge google in ad revenue.[11]
How odd that people who hate Eliot Spitzer are now condemning Mr. Quattrone. With the Microsoft offer hanging like a Sword of Damocles over Yahoo! ((Or is it "pennies from heaven?")) I must concede I am uncomfortable, the interests of owners of the company, the shareholders, should come first. The fiduciary duty of the Board seems to be straightforward and obvious in this case.[11] Microsoft has a 3rd rate search and mail program and would be buying Yahoo that has a 3rd rate search and mail program. Microsoft has been such a bureaucracy they can't innovate their own products like they should now they have more products and entities to deal with. It is not a great long term strategy. If this slows Microsoft down in innovativating their products (which it will) or Microsoft even keeps the same approach to innovation and responding to the market (none) and Yahoo continues on the same course 5 years later nobody will want any surface.[11] Yahoo is a significant contributor to the tech communitya long-standing champion of the open source movement. It's because of many companies like Yahoo, big and small, that we're finally starting to see a future in computing that might not be dominated by Microsoft's abysmal, broken products. It's sad that, as a shareholder, you don't realize or recognize this. Yahoo's value is greater than the sum of its balance sheets.[11]
Microsoft will probably be too stubborn to raise their bid for Yahoo anyway. Even if their trial with Google is successful, it only reinforces the fact that Google's "midas touch" is the driving factor, causing more contribution to Microsoft's inferiority complex. Not too mentionit's probably not in the best interest for Microsoft Shareholders to overpay for Yahoo.[11] Google has hired boutique investment bank Qatalyst Group to provide advice on the ongoing battle between Microsoft and Yahoo.[15] Google has hired former banking star Frank Quattrone as an adviser as the takeover battle for rival group Yahoo! rumbles through Silicon Valley.[13] Google is hiring controversial banker Frank Quattrone, who was at the centre of the dot-com boom and bust, as a strategic adviser.[8]
I've been a Frank Quattrone fan from way back when. A fan of Eric Schmidt since the day, long ago, when he made his first presentation to venture fund investors dressed in running shoes AND a tuxedo, because someone had told him he should dress "formally." They meant a jacket and a clean shirt for goodness sake, but Eric, the nerdy genius, thought that "formal" did mean FORMAL, and did not see anything incongruous about completing his outfit with clean white running shoes. I don't remember if he wore a cummerbund. These two people have been inventive and creative, and have contributed significantly to America.[11]
From everything I heard and read about Quattrone, he was and still is one of the best deal makers that Wall Street has ever seen. The scores of colleagues and subordinates who worked with him have all emphasized his integrity, fairness and loyalty. I think it's admirable for Schmidt, the CEO of one of the most high profile, high flying companies in the world, to advocate Quattrone's re-entry into the tech market when this may not be seen as a smart PR move given some of the negative press Quattrone received a few years back. This is simply an alliance between two smart businessmen who respect each other.[11] The other is FlipTrack.com, the best flicker for music snapshot videos if ever there was one. Naturally (big smile!) I owns stakes in both those companies. My point is that Frank Quattrone is part of the GOOG EqUaTiOn because he believes in the angel companies that are creating all over again what it means to be untethered yet wired 24 hours a day.[11] Frank Quattrone Is back in the Tech Business. He is already starting to play an important role in the industry. It will be interesting to see how things turn out.[11]
Hiring Quattrone indicates that Google has no plans to let go quietly as Microsoft makes its play for Yahoo. [6] I hate the comparision of Yahoo and Google and Microsoft. Yahoo and Good are both hyped and their stock is overvalued, outside the WWW they are nothing.[11] Amid daily reports of Microsoft's attempted takeover of Yahoo, it comes as little surprise that Google has turned to an outside advisor for guidance.[15] If it comes to pass, the pairing would involve combining Yahoo with Microsoft's MSN and News Corp.' s MySpace.[11] The board of Yahoo is meeting today to try to devise new and more dastardly ways of wringing more money out of Microsoft.[18] The 23-year-old wunderkind and his team at Facebook (well played, Owen Van Natta, well played !) have been the only ones able to get Microsoft to fork over an ungodly amount of money for a chance to own a small part of a hope and a dream and not-a-very-impressive bottom line. If Zuckerberg can get a $15 billion valuation by putting up only SuperPokes and news feeds as collateral, I would find what he is drinking and get me some for myself. Please see this disclosure related to me and Google.[18]
Maybe the best move for Google would be, not to try to block the deal, but to move in on Microsoft's territory. A merger with Apple would give them access to an operating system (OSX vs Windows), a mp3 player (iPod vs Zune) and a mobile phone (iPhone vs Windows Mobile), 3 sectors Microsoft are fighting on.[15] Google has been actively involved in Yahoo's discussions about a potential merger with Time Warner's AOL.[11] According to sources, the trial could be part of an attempt to forge a three-way alliance to encourage a merger between Yahoo! and Time Warner-owned AOL.[14]
Sources say the test is part of a planned three-way alliance to combine Yahoo with Time Warner Inc's AOL to ward off Microsoft Corp's two-month-old, $42 billion takeover bid.[2]
Yahoo cannot battle google alone, but a partnership with AOL will be a waste of money and time.[11]
According to the New York Times’ DealBook blog, Google has retained Quattrone's services.[6] Mr. Quattrone knowns there are ten dozen technology orphans out there that easily can augment Google's services. One of them is this very Vator.TV that is also seeing this blog posting.[11]
Google confirmed today that Mr Quattrone was working for the group, but declined to comment any further.[13] Kudos to Schmidt for publicly and unapologetically embracing and recognizing the value Quattrone will surely bring to Google.[11] Ahh.the sweet smell of desperation at google! Btw, quattrone does the pr and hype game better than google and any of the dot com busts (many that his banker groupies promoted while lining their wallets) from earlier in the decade.[11]
This will be an interesting story when the truth comes out. Does google fear about the deal ? Google knows that if this deal happens, they will loose their potential online ad market it looks like google envisioned this deal to be happened in nearer future so making their business safe in advance.[15] Anyway, more to come on the next edition of DHT Part 2. Steven Ballmer EVIL bad testesterone which is causing his baldness (DHT-bad testesterone) is gonna explode, it will slowly jump in the Yahoo elevated atmosphere and slowly inhibit the creativity of the young and happy developers who are trying day and night to create great products. The evil DHT of his is gonna slowly but surely in a 'liquid like' fashion wet the halls of Corporate yahoo so that the Google "do no evil" dreamers will be able to smell it across the 101 highway.[15]
Anyway, the DHT will flood the computer labs at Yahoo and create an ugly digital experience. Google will slowly sit in the DHT infested new silicon valley and get it's engineers to develop a DHT inhibitor. It won't work! They'll meditate about it in their yoga classes and while eating at the cafeteria and it still won't work. That DHT is in it for the long run.[15] Google will slowly sit in the DHT infested new silicon valley and get it'''s engineers to develop a DHT inhibitor. As a fellow 5-year Wharton submatriculant, I have nothing but support and respect for Q. I was at Deutsche when he was the tech leader there and all my tech M&A; buddies were in awe with him and moved en masse to csfb. now they're leaders at his new shop. it's great to see a bright guy who got implicated in a Spitzer-style witch hunt is getting back into the game.[15]
Everyone (including Google) knows they can not help Yahoo with this take-over. This is old news.[11] Google is a search engine, Yahoo! is a media/tech company with search, and one hell of an advertising platform for diplay ads. Once you realize this, and stop worrying about what Google is doing, you'll feel a lot better about an independent Yahoo! future.[11] A Google spokesman declined to comment. Yahoo announced on Wednesday it had agreed to a test of whether it should turn over its Web search advertising sales to Google so it can focus on other efforts.[2] Many antitrust experts and Wall Street analysts wonder if Google's dominant global share of search -- starting point for many people on the Web -- and its lucrative ad business tied to search will prevent it from joining the Web mega-merger boom.[2]
My guess is that this is related to the Yahoo trying out Google search ads and how to value that little try-out and possible outcomes from Google and Yahoo perspective.[15] I hope microsoft gets yahoo, then google buys microsoft, that, or google just buys both.[11] Anyhow, I can't believe people actually want Yahoo to go through with the deal. It's a bad deal that Microsoft is doing just for some market share.[11] I am very displeased with all the Yahoo maneuvering which is long on hype, short on actually delivering a better deal than the $42B on the table.[11]
A utility is a monopoly, media companies on public airwaves is a monopoly but I can easily type lycos or iwon for my searches. Can't the argument be made that yahoo and google were originally once the same company anyway? Also let not forget the global competitors they face. [11] Why is it assummed that google and yahoo merging would be a monopoly? I know that together they are the main gateway for most to the internet, but thats by choice of the consumer.[11] Internet play without Yahoo! and Yahoo!'s need to stay away from Microsoft is existential.[11] AOL is not Yahoo's salvation by any means, and Yahoo isn't Microsoft's salvation.[17] Think about how many services will be canceled and what Microsoft will do to Yahoo.[11]
Microsoft eyes the web. It sees it as the Googlehoo Web 2.0 - which is a fact - but they think of it the same as IBM Dos 2.0 and are looking at revolutionizing it in a few years when the technology stabilizes and their investments take hold for longer terms. Which is why they're focused on expanding their hold, while they develop the technologies for 10 years down the road.[11] "The launch of Qatalyst is an important development for the technology industry.," Schmidt said in the Qatalyst press release. "I look forward to working with him again and am very enthusiastic about Qatalyst's prospects for success."[17] Small correction about working at Microsoft - Since my time there, I've never been in a company where people are treated so well private offices for everyone and the perks just don't end.[11] The counter argument would be that the long term interest of the shareholders is best served by not been swallowed up by Microsoft and News Corp. But as the saying goes, in the long term we are all dead. Those of us who don't have to make the call on this situation should just say "Thank God."[11] Google can go big and do a News Corp., but of course it will not, as it takes on Microsoft/Yahoo. It will do best what it does best: create and innovate and improve. It has the log and it has the rhythm in the world of SF/Seattle/Austin/Paris/Menlo Park/NYC/Perth/Palo Alto/Phoenix start-ups.[11]
I'm sure Quattrone will devise something interesting. Whatever comes of things, I'm sure Quattrone will get a juicy fee -- and turbocharge his new firm. [19] Some of the advertisers and Web analytics firms used on this site may place "tracking cookies" on your computer. Tracking cookies are small text files that can tell such companies what you are doing online, even though they usually don't record your name or other personably identifiable information. These cookies are used by these companies to try and match ads to a user's interests. They are used all over the Web, but in most cases, their presence is only disclosed deep inside privacy policies. We want you to know how to get rid of these tracking cookies if you like.[18] Qatalyst Partners, a subsidiary of the Group, provides corporate finance advice and MA counseling to tech companies.[4]
His first trial on obstruction charges ended in a hung jury. He was convicted in a second trial but an appeals court overturned the conviction. [1] Looks like the World Capital folks Lovelace & co. are going to make money on their 10% share in Yahoo![11]
SOURCES
1. Google hires dotcom banker Frank Quattrone - Times Online
2. Google using Quattrone as merger adviser: source | Reuters
3. Google Taps Quattrone For Yahoo Advice | WebProNews
4. Google Calls Quattrone as Tensions Boil Over MicroHoo - MarketingVOX
5. Google hires Quattrone for advice on Microsoft - Business News, Business - The Independent
6. Google plans for bigger role in Microhoo scrum | Between the Lines | ZDNet.com
7. Google's Schmidt Turns To Pal Quattrone For Help With Microhoo - Google Blog - InformationWeek
8. Dot-com banker Frank Quattrone joins Google as strategic adviser | This is Money
9. Google hires controversial banker - vnunet.com
10. FT.com | Quattrone gets in on Google action
11. Google Taps Quattrone to Advise on Yahoo - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times
12. Google hires Quattrone's Qatalyst Group as adviser: report - San Francisco Business Times:
13. Google hires dotcom legend Frank Quattrone - Telegraph
14. Google 'taking advice from mergers expert'
15. Google Calls Quattrone For Yahoo/Microsoft Advice
16. Google: Actively looking for ways to spoil Yahoo/Microsoft | NetworkWorld.com Community
17. He's Bringing Sexy Back: Quattrone Advising Google on Yahoo Deal | Epicenter from Wired.com
18. MicroHoo: The Not-So-Bored Meeting! | Kara Swisher | BoomTown | AllThingsD
19. Quattrone jumps into the Yahoo-Microsoft fracas - BloggingStocks
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