I wasn't exactly the only one underwhelmed by the search ad agreement announced by Microsoft and Yahoo Wednesday. Yahoo shares have taken a beating, and the general perception -- fair or not -- is that the deal spells the beginning of the end for the company.
Enter Steve Ballmer, who is shocked -- shocked! -- at investors' and analysts' reactions to the long-awaited deal. "Nobody gets it," the Microsoft CEO told financial analysts yesterday. "People haven't figured it out."
Now that it's finally happened, does anyone else feel like the search ad deal struck by Microsoft and Yahoo is a bit anticlimactic?
Not that there are any real surprises in the agreement announced this morning: Microsoft will provide Yahoo's search backbone, while Yahoo will be the heavy-lifter in sales. Bing will get a big boost in search volumes, while Yahoo gets a $500 million bump in operating income and some $200 million in cost-savings.
Add a new survey from UBS to the growing evidence that corporate technology budgets may be showing signs of life--or at least aren’t hurting quite as bad.
Corporate CIOs expect their IT budgets to shrink by 2.1 percent over the next year, according to a quarterly survey put out by UBS today. Sixty U.S. and 40 European CIOs participated in the study, which found that the U.S. execs were more optimistic--predicting a 1.3 percent decrease--than their counterparts on the Continent (3.4 percent decrease).