I guess in stock markets ( as well as gambling circles), this is known as the double down.

Icahn had ended up with a lot of expensive Yahoo shares, so he is hoping to buy more, and thus averaged his holdings in the hope that it is easier now to earn back what he has lost.

sometimes double down allows you to recoup, sometimes, it ends up with you losing more.

But i guess many people are starting to bet that maybe the stock market has seen its worst….

Carl Icahn raises his stake in Yahoo (AP) by AP: Yahoo! Tech

In a move likely to fuel speculation over Yahoo Inc.’s search for a new chief executive, activist investor Carl Icahn has bought up close to 7 million additional shares of the Internet company, according to regulatory filings.

one thing i can say — unchallenged prosperity, or too much of a good thing can create a lot of hubris…. 

Op-Ed Columnist - All Fall Down - NYTimes.com

Because in searing detail it exposed — using Citigroup as Exhibit A — how some of our country’s best-paid bankers were overrated dopes who had no idea what they were selling, or greedy cynics who did know and turned a blind eye.

This post makes a case that many businesses could default on their mortgage as well as business slows…

Meltdown far from over, new mortgage crisis looms - Yahoo! News

The full scope of the housing meltdown isn’t clear and already there are ominous signs of a new crisis — one that could turn out the lights on malls, hotels and storefronts nationwide.

wow, an automated website earning $100 million….

 The Open Road - CNET News

Google’s vice president of search revealed this summer that Google News, a product that was put together in a weekend and that is run by automated search algorithms, generates $100 million in revenue for its business. That’s no small sum, especially when one considers the negligible investment and extremely high margins. What it demonstrates is that quality content does have great value. Only in this case, as has been pointed out, the $100 million is a bonanza enjoyed by Google, not the creators.

Its getting expensive to spam…. I hope spammers are sweating…. and restraining themselves.

Facebook wins $873M judgment against spammer (AP) by AP: Yahoo! Tech

Facebook has a won $873 million judgment against a Canadian man who bombarded the popular online hangout with sexually explicit “spam” messages.

The victory, sealed with a judge’s order issued last Friday, probably won’t yield a windfall for privately held Facebook Inc., whose revenue this year is expected to range between $250 million to $300 million.

This is so sad…  Apparently, some people would rather succumb to peer pressure than be humiliated…

Report: Teen commits suicide on Justin.tv | Digital Media - CNET News

A 19-year-old man has committed suicide while broadcasting himself on Justin.tv, according to a report at NewTeeVee.

The teenager took an overdose of pills while on camera and was apparently encouraged to do so by commentators on Justin.tv and a bodybuilding site, according to the report.

I started using PCs 25 years ago, and PC magazine was one of the few sources of information and inspiration.  There was no internet then….

PC Magazine goes online-only (AP) by AP: Yahoo! Tech

After 27 years as a print publication, PC Magazine is ditching its print edition and going online-only in February.

The move, announced Wednesday, highlights the pressure on newspapers and magazines to protect their profit margins as more advertising dollars flow to the Web.

Look Ma! the 10th most powerful computer in the world runs on Windows Server!

Windows HPC hits top 10 among supercomputers - Network World

Windows HPC Server 2008, a 64-bit system that shipped Nov. 1, came in at No. 10, achieving 180.6 teraflops with 77.5% efficiency at the Shanghai Supercomputer Center and Dawning Information Industry Co.

This is a classic tale of a company who try to earn a few etra bucks, and then lost millions in market value after it tarnishes its reputation and loses the trust of its customers.

China’s Baidu.com fights to rescue reputation (AP) by AP: Yahoo! Tech

Baidu.com has been the star of China’s Internet world. But now the search engine dubbed “China’s Google” is scrambling to rescue its reputation after state TV accused it of letting unlicensed suppliers of medical products pay for higher rankings on its results page — without alerting users.

Shared by wilson

Its a sad note….he was one of the Silicon valley icons…. it would have been better if you could leave on a high note, but well, these are not the best of times.

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