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Ernest Luk's blog

Yahoo! Rejected Microsoft's $44.6B Offer

Yahoo! Inc. confirmed to reject Microsoft Corp.'s $44.6 billion cash-and-stock offer, saying the unsolicited proposal substantially undervalues the company. Yahoo! said that its management team, along with financial and legal advisers, believe the offer doesn't reflect cash flow, earnings potential or recent investments in its advertising platform, in a statement. "We remain committed to pursuing initiatives that maximize value for all stockholders," the statement said. Yahoo said its board would continue to evaluate other "strategic options."


Coupon Giant Heads Online at RedPlum.com

Major offline advertising firm Valassis is repositioning itself to rely heavily on an online portal site called RedPlum.com. Valassis has been known primarily for coupons, direct mail messages and for putting ads directly on the polybags protecting newspapers, Starting January 2008, it will retire its ShopWise brand name and shift gears, according to Suzie Brown, chief marketing officer for Valassis.


Search engine results pages turn into destinations

Online searchers find that the search engine result pages are the destination for what they are looking for. In a comScore event "Universal, Blended and Vertical Search" panel at the Search Engine Strategies conference in Chicago, Senior vice president James Lamberti of search and media presents the trend.


Canadian ecommerce facts

Some facts about ecommerce in Canada

  1. E-commerce in Canada has been growing by more than 38% in the past four years.
  2. The Canadian economy is the eighth largest in the world - approximately 70% of the population uses the internet, that's roughly 22 million users!
  3. 82% of Canadians would prefer to shop at a Canadian-owned and operated website if "price and product were the same."

Online ad spending nears $10B in 2007's first half

Aaccording to recent report from the Interactive Advertising Bureau, the online ad spending in the U.S. in first half of 2007 is slowed than the previous year, but, the market is still in the booming. Ad spending raised 26.4% to about $10 billion in the first half of 2007 compared to the same period in 2006. It has reached for the first time ever quarterly revenue of more than $5 billion, the IAB revealed on Oct 4th.


Facebook is awesome!

I've just signed up with Facebook, then I addicted to it. It's because I can link to my friends and meet some new friends through the network of my friends. Facebook has been growing exponentially. Previously, it was used exclusively within Harvard University, then spread to other universities and schools, finally opened up to everyone with a valid email address about a year ago. It has over 30 million users, and has been growing at a rate over 500 percent in the last six months. Facebook has started to allow members to trade within the network.


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