Profiles in IT: David Filo and Jerry Yang Microsoft Offers to Buy Yahoo Netscape Navigator is Dead Undersea Fiber Optic Cables Cut Website of the Week: Sysinternal Suite Networked Nation: Broadband in America 2007 2008 Open Source Year SANS Top Ten Cyber Security Menaces for 2008
David Filo and Jerry Yang were co-founders of Yahoo.
Yahoo is an acronym for Yet Another Hierarchical Officious Oracle.
This is another company borne out of the entrepreneurial tradition of Stanford.
Jerry Yang was born in 1966 in Taiwan with the given name Yang Chih-Yuan
His father died when he was two.
His mother was professor of language and drama.
The family moved to San Jose, CA in 1976
He changed his name to Jerry Yang to become sound more American.
He received both a Bachelors and Masters Degree from Stanford in 1990
He enrolled in the Stanford PhD program in engineering.
David Filo was born in 1966 in Wisconsin.
He family moved to Moss Bluff, Louisiana when he was six.
He was the second youngest of six children.
He received a Bachelor’s Degree from Tulane University in 1988 and a Masters Degree from Stanford in 1990.
He then enrolled in the Stanford PhD program in engineering.
They were both bored with designing chips and circuits in their EE program.
They began categorizing web sites as a way to keep track of sites useful (cool) the they found on the Internet.
In April 1994, they co-created a website called Jerry’s Guide to the World Wide Web.
This website was later renamed Yahoo.
Yang and Filo insist they selected the name because they liked the general definition of a yahoo: "rude, unsophisticated, uncouth".
Yahoo became very popular,
Yang and Filo realized the business potential and co-founded Yahoo! Inc. in April 1995.
They took a leave of absence and postponed their doctoral programs indefinitely.
Yahoo went public in 1996.
Yahoo! started off as a web portal with a web directory to providing an extensive range of products and services for online activities.
It is now one of the leading internet brands and has the most trafficked network on the internet.
Until the company recently decided to switch to PHP from Filo’s Server Program, written in C.
Both Jerry and David have a net worth that exceed $2 billion.
Jerry Yang is serving as Yahoo CEO
The company has recently been eclipsed by Google in the online advertising business and its stock has been slumping.
Microsoft Offers to Buy Yahoo
Microsoft Corp. announced on February 1st that it has made a proposal to the Yahoo! Inc Board of Directors to acquire all the outstanding shares of Yahoo! common stock for per share consideration of $31 representing a total equity value of approximately $44.6 billion.
Microsoft’s proposal would allow the Yahoo! shareholders to elect to receive cash or a fixed number of shares of Microsoft common stock, with the total consideration payable to Yahoo! shareholders consisting of one-half cash and one-half Microsoft common stock.
The offer represents a 62 percent premium above the closing price of Yahoo! common stock on Jan. 31, 2008."
Whether Yahoo! accepts the offer, or enters into negotiations, remains to be seen.
The deal is primarily focused on the bringing together of Microsoft and Yahoo!’s advertising platforms, but the other services that form part of Yahoo! certainly add another dimension to the deal.
Netscape Navigator is Dead
After 13 years, AOL has finally decided to discontinue any further development and technical support for Netscape Navigator, the first commercial browser on the internet.
The support would be ON till 1st Feb ?08. AOL, the owners of Netscape have decided to develop Netscape as an advertising business instead of the development and maintenance of the software.
The software would be available for use, but there would be no further security or software updates.
The small pool of users who still use Netscape are advised to download and use Mozilla FireFox instead.
The decline of Netscape navigator started in 2002, when Microsoft saw a huge potential in the Web Browser market and started giving out Internet Explore, as a bundled package with the Windows Operating System.
Netscape initially developed on a platform called as Mosaic, the internet very first browser, that could display both images and text at the same time.
It went through various updates, and the latest version was Netscape 9.0.
However the present Netscape version was just a skin of Netscape on the Firefox platform.
Undersea Fiber Optic Cables Cut
A ship that tried to anchor off the coast of Egypt in bad weather on January 30, 2008 severed to undersea fiber optic cables
The severed cable has left the Middle East and India struggling to communicate with the rest of the world.
The fibre optic wires in question – called Flag Europe-Asia and Sea-Me-We 4 – are some of the most vital information pipelines between Europe and the east.
The latter, which runs in an uninterrupted line from western Europe to Singapore, had only recently been opened after a mammoth £500m, three-year installation project.
Between them, the two lines are responsible for around 75% of all connectivity in the Middle East and south Asia.
According to reports, 75 million people with only limited access.
Since then phone and internet traffic has been severely reduced across a huge swath of the region, slashed by as much as 70% in countries including India, Egypt and Dubai.
While tens of millions have been directly affected, the impact of the blackout has spread far wider, with economies across Asia and the Middle East struggling to cope.
Governments have also become directly involved, with the Egyptian communications ministry imploring surfers to stay offline so business traffic can take priority.
But as backroom staff at businesses across the globe scrambled to reroute their traffic or switch on backup satellite systems, experts said the incident highlighted the fragility of a global communications network we take for granted.
A third fiber optic cable was cut on Friday, February 1st.
This cable runs through the Suez to Sri Lanka
The cable, known as Falcon, delivers services to countries in the Mediterranean and Gulf region.
Traffic was rerouted to another cable in the UK and US.
People and businesses everywhere are finally recognizing Open Source software’s potential for cost savings and ease of use.
Open Source software means that the programmers of the software have made the software source code "open" to other programmers to contribute, change or improve upon.
The software is then distributed to the end user(s) for free. That is a simplified definition, but the at the heart of Open Source is the Open Source Initiative, which makes clear that it isn’t enough to share the source code, you must also give the contributing programmers the right to use your code.
Web sites everywhere have popped up over the last few years to help people find Open Source solutions to their software needs. Open Source solutions to popular proprietary brands like Microsoft Office, such as Open Office and Neo Office, have continued to appear on user computers all around the world.
Recently the Netherlands adopted Open Source technology as the preferred software for their government to use. For a government to deem Open Source an acceptable and cost effective alternative to proprietary software is a huge step in making Open Source practices more mainstream.
Brands such as Adobe that operate under an licensing status and a high cost structure could find themselves slipping as Open Source solutions like Splashup become more and more mainstream.
Users that prefer the perceived comfort zone found in boxed proprietary software will ensure that the proprietary software always has a place on shelves, however small it becomes, but a revolution is coming in how people find and use software.
The Open Source movement will have a great impact on proprietary brands, causing them to rethink their price structures and the inflexible product code distribution.