Why Yahoo is worth less than nothing


marissamayerA reader pointed out to me today that Yahoo, minus its Alibaba and Yahoo Japan stakes plus cash, is now worth less than nothing according to Wall Street. This says a lot about Yahoo but even more about Wall Street, since the core company is still profitable if in decline. If I were a trader (I’m not) that would argue Yahoo is a buy since there’s likely to be a future point at which the company will be free of those other riches and even Wall Street will be forced to give the carcass a positive value.

But when I heard about the negative value story the first thing […]

Last chance to get a Mineserver™ for Christmas!

newmineserverlogo.jpgIt took only two days for our three sons to reach their $15,000 Kickstarter funding goal and visions of building a kit car were dancing in their heads. Almost three weeks later, however, total pledges are just nearing $30,000, which puts profits more in the deluxe quadcopter range. Still good, but not a Manx dune buggy. But there is one more day to make your pledge — the only way to get a Mineserver™ or Mineserver Pro™ in time for Christmas.

Along the way we gained the attention of Mojang, owners of Minecraft, who didn’t like our logo so the boys held a contest with the winner (from Hamilton, New Zealand!) getting a […]

It’s Michael Dell versus the world and Dell will win

In my last column I wrote that Dell buying EMC is a great idea (for Dell) and left it to this column to more fully explain why that is so. It takes two columns because there is so much going on here in terms of both business models and technologies. As the title suggests it comes down to Michael Dell against the world and in this case I predict Dell will win, Cisco, HP and IBM will lose, Apple will be relatively unaffected and I don’t really know what it will mean for Microsoft but I think the advantage still lies with Dell.

One thing that is key is every one of these companies except Dell is publicly traded […]

Dell buys EMC and gets the corporate cloud for free

emccloudThe Wall $treet Journal carried a story last week about Dell Computer possibly buying EMC, the big storage vendor, and this morning the New York Times confirmed it, pinning a price of $65 billion on the deal. There’s a lot to wonder about in this combination, which I think is pretty brilliant on Dell’s part even if I’m not generally in favor of mega-mergers. But it seems to me most of the experts commenting on the deal have it ass-backwards as Wall Street once again proves it doesn’t really understand technology business.

EMC has this large but aging storage division and a valuable subsidiary in VMware, of which EMC owns 80 percent. Activist investors […]

The Cringely boys Kickstart Mineserver™, a $99 Minecraft server

When my three sons, ages 13, 11, and 9 decided to do a summer business together I thought it could be almost anything. After all, they’ve visited three dozen tech startups with me in our RV and they’ve been surrounded by technology entrepreneurs their entire lives. What business would it be?

I just never expected a $99 Minecraft server.

It’s brilliant, really. Minecraft is hugely popular but the Minecraft hardware market is almost nonexistent. It’s not that nobody thought to do such a server but that it’s a business idea most entrepreneurs would see as not having legs. It will scale, sure, but will it endure? In a few months someone — no doubt someone in Asia — will copy the idea, […]