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IBTimes.com RSS Feed - Technology -
14 hours and 22 minutes ago
Certicom Corp. on Thursday stopped short of rejecting Research in Motion Ltd.'s $52.6 million
takeover bid, but said it will invite offers from other buyers.div class="feedflare" a
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Joystiq -
15 hours and 57 minutes ago
pFiled under: a href="http://www.joystiq.com/category/business/" rel="tag"Business/a/pdiv
align="center"a
href="http://www.mcvuk.com/news/32578/Square-makes-late-Eidos-bid-but-Warner-in-pole-position"img
width="490" vspace="4" hspace="0" height="329" border="0" align="middle" alt=""
src="http://www.blogcdn.com/www.joystiq.com/media/2008/12/square-enix-eidos-hearts.jpg" //abr //div
Honestly, we're starting to lose track. In what we can only imagine is routine for its flagship
heroine, Lady Croft, Eidos (a
href="http://www.joystiq.com/2008/12/03/sci-just-call-me-eidos/"neacute;e SCi/a) is being courted
by a gaggle of interested suitors, ranging from the a
href="http://www.joystiq.com/2008/10/23/rumor-warner-bros-looking-to-acquire-sci-eidos/"longtime
admirer Warner Bros. Interactive/a, to recent newcomers a
href="http://www.joystiq.com/2008/12/01/rumor-sci-eyed-for-takeover-by-ea-and-ubisoft/"EA and
Ubisoft/a, and now ... Square Enix?br /br /MCV reports the Japanese gaming giant is looking more to
the West than ever, not only starting Square Enix LA - a
href="http://www.joystiq.com/2008/11/17/square-enix-staffing-new-us-studio-for-original-action-game/"a
new US-based studio/a - but also considering an acquisition of Eidos to rival current acquisition
front-runner WBIE. While MCV's anonymous source thinks "Warner's [acquisition bid] will still win"
MCV speculates that "Square Enix could opt to buy single assets - perhaps just IO and the
emHitman/em brand," whom SE president Yoichi Wada "has already visited." Let's just hope that
whoever acquires Eidos and all of her assets takes good care of them. It's not just Lara and Hitman
... we've got ema href="http://www.joystiq.com/tag/Deus-Ex-3/"Deus Ex 3/a/em to consider, you
know.p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"a
href="http://www.joystiq.com/2008/12/04/mcv-square-enix-considering-eidos-acquisition-warners-still-i/"MCV:
Square Enix considering Eidos acquisition; Warner's still in it/a originally appeared on a
href="http://www.joystiq.com"Joystiq/a on Thu, 04 Dec 2008 10:26:00 EST. Please see our a
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Global Voices Online -
20 hours and 15 minutes ago
As the two-year anniversary of Fiji's military takeover approaches, another international
governing body has called the Pacific island nation to hold elections in 2009 as once promised.
This time a European Union delegation, led by German legislator Gabrielle Zimmer, met with
leaders in Fiji and urged,
“that parliamentary elections take place before the end of 2009 based on a political
dialogue process involving all stakeholders and conducted without delay.”
Problems between the island nation and regional partners began when self-appointed Prime Minister
Commodore Frank Bainimarama promised in 2007 that elections would be held in March 2009, a pledge
he later back away from. Government officials have long claimed the country isn't
ready for elections until it undergoes major changes in its race-based electoral laws.
The EU statement follows the Pacific Forum indication in August it would
suspend Fiji from the organization if the government failed to schedule elections and return the
country to Parliamentary democracy. Yet Bainimarama has held firm. In its most recent budget, the
government allocated no extra monies
for organizing an election, although funds were set aside for buying electronic equipment for
voter registration.
Unlike the Pacific Forum's threats, the EU's statement could be especially damning to
Fiji’s economy because the organization may withhold sugar subsidies for another year. ($50
million in subsidies were suspended for 2008 due to overthrowing the government of Laisenia Qarase.)
A discussion has broken out in the blogosphere over how exactly to initiate political change in
Fiji. A commenter named
Peace Pipe to a post in the

|
Guardian Unlimited -
21 hours and 42 minutes ago
divimg alt=""
src="http://hits.guardian.co.uk/b/ss/guardiangu-feeds/1/H.15.1/95153?ns=guardianpageName=Environment%3A+G-Wiz+sales+slump+by+more+than+halfch=Environmentc3=guardian.co.ukc4=Travel+and+transport+environmental+impact%2CEnvironment%2CUK+news%2CBusiness%2CGreen+business+%28Business%29%2CCarbon+emissions+%28Environment%29c5=Business+Markets%2CNot+commercially+useful%2CEthical+Livingc6=Alok+Jhac7=2008_12_04c8=1128246c9=articlec10=GUc11=Environmentc12=Travel+and+transportc13=c14=h2=GU%2FEnvironment%2FTravel+and+transport"
width="1" height="1" //divpJonathan Ross, Kristin Scott-Thomas and Jade Jagger all proudly own one.
Even the Lloyds TSB chairman Victor Blank was snapped stepping out of one on his way to a meeting
to discuss the takeover of HBOS. They may look like Noddy cars, but for the green-conscious urban
motorist, the G-Wiz was the guilt-free answer to getting around town./ppBut all that star power
hasn't insulated them from a drastic slump in sales: according to figures collated by the Society
of Motor Manufacturers and Traders, a total of just 156 electric cars were sold in the UK from
January to October 2008, compared with 374 for the same period last year. The vast majority of the
sales (and the 58% slump) are G-Wiz cars, made by Indian car company Reva./ppExperts think the fall
comes from a combination of factors, including the recent financial gloom, concerns about the
safety of Reva's vehicle and the distant promise of electric cars from mainstream
manufacturers./pp"The whole motor industry has seen a slump in sales like they've never seen before
in the last 20 years," said Steve Hartridge, managing director of Goingreen, which distributes the
G-Wiz in the UK. "That has to be borne in mind so I'm not going to make any grand plans for next
year."/ppRichard Bremner, editor of cleangreencars.co.uk, who unearthed the electric car sales
figures, said: "People have maybe woken up to the fact that the electric vehicles that have been
offered to date, they're not hugely appealing other than for their green credentials and they're
only suitable for short journeys around town."/ppHe added that the rising profile of proposed
all-electric cars from Smart, Nissan and, more recently, an a
href="http://www.guardian.co.uk/environment/2008/dec/03/bmw-electric-mini-e-launch"electric version
of BMW's Mini/a, meant that potential customers may be delaying their purchases. /ppThere are more
than 1,100 all-electric cars already on UK roads, with the majority in London. The sales slump
comes as the only other player in London's electric car market, the Nice Car Company, went into
administration. /ppSet up two years ago, the company had been selling an all-electric version of
the French-made Aixam Mega. Nice had planned to bring out more models, including a two-seater and
an MPV by the end of the year but, according to Bremner, sales had dropped lately to less than a
single car per week./ppBremner added that consumers could also have been put off the G-Wiz after it
failed a crash test last year. Because the vehicle is considered a quadricycle rather than a car,
it does not need to pass the stringent crash tests of the other cars on the road./pp"Last year,
they had some unfortunate publicity around the crash performance of that vehicle because Top Gear
crash-tested one in the same way that you would a conventional car and it was found wanting," said
Bremner./ppHartridge said the furore had no doubt had an impact on sales. "But we're through that
period now. All the cars we sell now are crash-tested at 25mph."/ppVicky Wyatt, Greenpeace
transport campaigner said the sales car sales slump was worrying. "Electric cars have a key role to
play in tackling climate change as well as reducing our dependence on foreign oil supplies.
/pp"Sales should be going through the roof, and the fact that they are declining points to a
failure on the part of government and manufacturers to make them more attractive to motorists in
the UK." /ppShe said the government should introduce lower road tax and excise duty, free parking,
closed-loop battery recycling and urban plug in points./pdiv style="float: left; margin-right:
10px; margin-bottom: 10px;"ullia
href="http://www.guardian.co.uk/environment/travelandtransport"Travel and transport/a/lilia
href="http://www.guardian.co.uk/business/greenbusiness"Green business/a/lilia
href="http://www.guardian.co.uk/environment/carbonemissions"Carbon emissions/a/li/ul/diva
href="http://www.guardian.co.uk"guardian.co.uk/a copy; Guardian News Media Limited 2008 | Use of
this content is subject to our a
href="http://users.guardian.co.uk/help/article/0,,933909,00.html"Terms Conditions/a | a
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iTWire - Latest Headlines -
1 days ago
The board of financial software and services company MYOB is maintaining its opposition to the bid
made by US-Australian takeover vehicle Manhattan Software. The offer is neither fair nor...
|
Wired Top Stories -
1 days and 3 hours ago
!-- pageType= magazinesmall slug= ff_blodget section= techbiz subsection= people headline=
Financial Industry Scapegoat Reinvents Himself as Financial Reporter authorName= Daniel Roth
creditType= photo credit= Mike McGregor caption= Henry Blodgetis back, and his straight-talking
analysis of the Web world is earning him new fans. -- pstrongHenry Blodget/strong has never gotten
used to the chorus of hate that follows his every move. He's merely learned to live with it. When
he started his personal blog in 2005, the comments a
href="http://www.internetoutsider.com/2005/10/welcomeand_than.html"dripped with disgust/a. "You are
a boldface liar," a reader wrote. "Give me one reason why I should believe what you are writing,"
said another. And that was just in response to Blodget's innocuous first entry. /ppDuring his years
as a star Wall Street analyst, his pronouncements were welcomed and celebrated; now he couldn't say
hello without getting savaged. Just last August, TechCrunch mentioned that Blodget would be one of
more than two dozen tech celebrities a
href="http://www.techcrunch.com/2008/08/15/4-new-experts-henry-blodget-josh-kopelman-tim-o%E2%80%99reilly-robert-scoble-join-techcrunch50/"judging
a contest/a for startups. Blodget knew what was coming, even if his hosts didn't. "Blodget is
scum.... He is no longer the arrogant prick we saw in the '90s, but he's still scum," someone
wrote. "A lot of people lost money listening to this dirtbag." "Blodget is a Web 1.0,
bubble-creating has-been." "He is unethical." "He's as crooked as they come."/p pI meet a
href="http://www.alleyinsider.com/henry_blodget.html"Blodget/a at the offices of his new business,
a year-old site called a href="http://www.alleyinsider.com/"Silicon Alley Insider/a, shortly after
the TechCrunch beat-down. Alley Insider is one of many tech business blogs that feed news, earnings
info, and rumors to investors and corporate insiders. But Alley Insider has one thing that others
don't. Blodget. He's smart, he's skeptical, and he's got the kind of self-assured voice that sells
well in the blogosphere. As the market sinks, his opinions are even more in demand, though he's
still hated by a large portion of his prospective audience./p pThe site shares two floors of a
Manhattan office building with programmers and business staff for some of Alley Insider's sister
companies, all of which were started by former DoubleClick CEO a
href="http://www.alleyinsider.com/kevin_ryan"Kevin Ryan/a. Blodget works in a double-wide cubicle
near a window, separated by a low wall from the site's two other editors. They spend their days
crawling Twitter and RSS feeds, calling sources, and pumping out about a dozen daily takes on the
business world, most with Digg-friendly headlines (no easy accomplishment with bone-dry business
stories). "Is Facebook Distracting Us From Porn? No" is a
href="http://www.alleyinsider.com/2008/9/is-facebook-distracting-us-from-porn-no"typical/a, or "a
href="http://www.alleyinsider.com/2008/4/googles_ginormous_food_budget_7530_per_googler"Google's
Ginormous Food Budget/a: $7,530 Per Googler, $72 Million a Year." Blodget tells his team to think
of the site as talk radio: He wants readers to feel compelled to check in several times a day to
get the Alley Insider view on everything going on in their world./p pFor privacy, we duck into a
small conference room, and Blodget, tall and skinny, sinks into a ridiculously deep leather chair.
His floppy dirty-blond hair gives him a youthful, almost carefree air, but the deep circles that
ring his eyes tell a different story. He's managing a 24-hour news startup. It's midday and he's
been posting since 5 am. And then there's the burden that comes with being Henry Blodget, digital
punching bag./p p"There are obviously a lot of folks who say, 'Now wait a minute, isn't that the
guy who....'" He lets the thought trail off. He's legally barred from talking about the incidents
that led to his vilification. "To them, I'm emthat/em Henry Blodget. There's not much more I can
say. I still can't address specific points. So it's like, 'OK, here's my face. Throw the fruit.
When you want to stop throwing the fruit, if you want to listen, great. If you don't, fine.'"/p
pIt's been almost a decade since the impulse to greet him with rotten mangos first struck. Back in
1998, as a 32-year-old analyst with investment bank CIBC, he a
href="http://www.thestreet.com/markets/analystrankings/977502.html"declared/a that the stock price
of Amazon.com would nearly double to $400. Three weeks later it did, and Blodget was a hero. Soon
he packed up his spreadsheets mdash; he's never more comfortable than when he is lining up numbers
in rows and columns and teasing out their secrets mdash; and moved to Merrill Lynch./p pInvestors
followed the new oracle's every utterance, and bankers wanted Blodget to bless the stocks of
companies they were hoping to do business with. The lines on his graphs always seemed to point one
way mdash; steeply up and to the right. He wasn't just predicting profits, he was selling a
revolution: The old metrics didn't apply. Blodget may have counseled people to own only a small
percentage of Internet stocks mdash; 10 percent at the most mdash; but nobody listened./p !--
pagebreak -- div id="embed" style="width:370px;" div id="pic" style="width:350px;" img
style="width:350px;" src="http://www.wired.com/images/article/magazine/1612/ff_blodget3_f.jpg"
alt=""/ div id="caption" Launched in 2007, Silicon Alley Insider is gaining on some of its
established rivals. br/ emSource: Compete/em /div /div /div pThen came the crash. Five trillion
dollars in wealth vaporized in 24 months, leaving behind unquantifiable amounts of rage among the
masses of day traders who had believed briefly that they, too, were market savants. When the bubble
burst, so did Blodget's aura./p pStill, it wasn't the crash alone that crushed him. It took Eliot
Spitzer to turn Henry Blodget into emthat/em Henry Blodget. Spitzer, then New York's crusading
attorney general, investigated Merrill in 2001 for conflicts of interest. He discovered a clutch of
emails from the young analyst showing that while talking up certain stocks to clients, he was
trashing them internally. Companies like 24/7 Media, Excite@Home, and InfoSpace mdash; firms
Merrill was publicly cheering mdash; in private were deemed by Blodget to be "shit," "crap," and
"junk" (respectively). According to Spitzer's findings, Blodget would have pulled in $12 million in
2001 mdash; quadruple his earnings in 1999 mdash; if he hadn't accepted a buyout that year. In
2003, Merrill's boy genius agreed to pay a $4 million fine and accepted a lifetime ban from working
in the securities industry./p pPublic disgrace usually drives a person into hiding, or at least
into a different career. Jerry Levin, the brains behind the disastrous AOL-Time Warner merger,
today runs a href="http://moonviewsanctuary.com/staff"Moonview Sanctuary/a, his wife's spa;
Spitzer, forced to resign as governor last summer, is currently discovering the a
href="http://blogs.wsj.com/developments/2008/06/10/spitzers-next-act-distressed-real-estate/"joys
of real estate management/a; Health South CEO Richard Scrushy, while on trial for accounting fraud,
a href="http://www.richardmscrushy.com/biography.aspx"became a televangelist/a. Not Blodget./p pOne
former colleague says Blodget spent the months when he was being investigated trying to grasp why
he was singled out for something that was commonplace in the industry. He figured the controversy
would blow over once the public realized his conduct was not unusual. "He was incredulous that the
investigation got traction; he said it was silly," a friend says. But there was too much anger in
the wake of the bubble, and Blodget's embarrassing emails made him an easy scapegoat. Later, when
he was inclined to argue his case, the settlement terms prevented it./p pSo Blodget did what came
naturally. He began writing about the companies he used to cover, a
href="http://www.slate.com/id/2104656/"first for Slate/a, then on his own blog, a
href="http://www.internetoutsider.com/"Internet Outsider/a. Was this journalism mdash; or was it
therapy? Rather than hide, he started saying in public what he had once said only in private, using
the same brutally frank voice that got him in trouble with Spitzer. He marketed his notoriety to a
new Web readership hungry for smart, independent analysis./p pWhen Ryan, an Internet Outsider
reader, approached him about starting an industry news site, Blodget jumped at the prospect of a
bigger stage. Before working on Wall Street, he'd been a freelance writer; now he could combine the
two vocations, borrowing freely from both journalism and equity research./p pThrough Alley Insider,
Blodget is trying to erase, post by post, Spitzer's portrait of him as a duplicitous,
money-grubbing shill for big business. Blodget has always believed that the Internet changed
everything, so naturally he believes it has the power to change the world's perception of him. The
venue offers all Henry, all the time (and even when his other writers are posting, it's clear
they're channeling him). The result is a unique blend of x-ray analysis and tech evangelism./p pAs
we talk, Blodget gets up from his chair, antsy to return to his laptop. I ask him if he understands
what he's up against. If the hate has lasted this long, why expect it ever to fade away? "If all I
knew about me was what I read during that period," he says, "I'd probably have the same
reaction."/p pstrongOn a late summer morning/strong, Blodget waits in the lobby of the Nasdaq
building in midtown Manhattan. He's all banker today: blue suit, red tie, black cap-toed Oxfords,
his shirt so deeply pressed there are creases down the sleeves. It's 10 am and, ready for his
second breakfast, he pries open the plastic case of a turkey and Swiss sandwich and starts wolfing
it down. In a few minutes he is supposed to conduct a video interview for Yahoo's Tech Ticker
finance site. As soon as Blodget started appearing as a regular host in February, the Furies a
href="http://finance.yahoo.com/tech-ticker/article/650/Jerry-Yang-Strikes-Back;-Here%27s-Microsoft%27s-Next-Move?tickers=yhoo,msft"reemerged/a.
"Did you not find any other decent, credible guy than Henry Blodget?" one of the first comments
read. "Why spoil this new feature with such a scum and spoil the Yahoo reputation?"/p pAs producers
prepare to tape the show, Blodget wipes his crumbs off the table. He explains the guiding vision
behind Alley Insider. "We don't want to do things we don't care about," he says. "It's nice to say
theoretically we're the judge of what's important and what's not, but come on, give readers credit.
They'll tell you immediately what they want, and that drives coverage. People are fanatically
interested in Apple, Google, Microsoft. It wasn't a tough call to know what to write about."/p
pBlodget's focus on content is matched by his apparent indifference to the look of the site. Alley
Insider employs a cookie-cutter template of scrolling headlines and thumbnail photos dragged off
the Web. But design limitations notwithstanding, by September the site was getting nearly 500,000
visitors a month, rivaling a href="http://allthingsd.com/"AllThingsDigital.com/a, the citeWall
Street Journal/cite blog edited by Kara Swisher and Walt Mossberg. Since the beginning of the year,
traffic to the site has more than doubled, and Blodget's words now carry surprising weight. When a
href="http://www.alleyinsider.com/2008/10/apple-s-steve-jobs-rushed-to-er-after-heart-attack-says-cnn-citizen-journalist"he
reported/a early this fall that Steve Jobs may have been rushed to the hospital after a heart
attack mdash; citing an anonymous (and, as it turns out, fraudulent) post on a minor user-generated
news site run by CNN called iReport mdash; Apple's a
href="http://money.cnn.com/2008/10/03/technology/apple/"stock dropped/a nearly 10 percent. Critics
blamed Alley Insider./p p"I read citeThe New York Times/cite, citeThe Economist/cite, and Alley
Insider," says a href="http://www.firebrandpartners.com/principals/index.html"Scott Galloway/a,
head of investment equity firm Firebrand Partners, who is best known for his successful public
fight to get on the board of citeThe New York Times/cite. "Henry takes a no-mercy, no-malice
approach to Web business and media." Valleywag recently called him "the disgraced stock analyst
everyone now listens to."/p !-- pagebreak -- div class="wide_img" img
src="http://www.wired.com/images/article/magazine/1612/ff_blodget2_f.jpg" alt="" div
class="wide_caption" div class="wide_caption_txt" The team at Silicon Alley Insider (left to
right): senior editor Dan Frommer, COO Julie Hansen, cofounder Kevin Ryan, and editor in chief
Blodget. br/ emPhoto: Mike McGregor/em /div /div /div br/ br/ pFor all the success today, it took
Blodget amp; Co. some time to figure out a winning formula. When Ryan, a New Yorker, launched the
site in 2007, he wanted to cover the local startup and media scene. Blodget signed on as CEO and
editor in chief, bought a minority stake, and hired citeForbes/cite journalists a
href="http://www.alleyinsider.com/peter_kafka"Peter Kafka/a and a
href="http://www.alleyinsider.com/dan_frommer"Dan Frommer/a to help him develop content (Kafka was
later hired away by AllThingsD). The first few weeks, the site read like a tourist's guide to
spotting B-list Internet companies in the big city, with each firm's location prominently
announced: "NoHo-based Meetup has quietly launched a Facebook application"; "Flatiron-based
YellowJacket Software has raised $1.25 million." Blodget branched out, taking on the bigger names
himself mdash; Apple, Dow Jones, NBC, JP Morgan. It quickly became clear to him that New York's
tech industry was too small an arena to contain the ambition of the site. And nearly half the
readers were in California anyway./p pAlley Insider soon dropped its Silicon Alley focus but stuck
with the moniker. And Blodget began to draw more heavily on his research experience. He created
financial models of the companies he was talking about and posted the spreadsheets as Google docs
so anyone could download and toy with them. He analyzed the potential revenue YouTube could bring
to Google, mapping out his assumptions about viewership and ads watched, and offering a clear
bottom-line conclusion. Readers weighed in with their critiques, which Blodget used to sharpen the
model. He figured he wouldn't just write about Wall Street, he would also usurp part of Wall
Street's business by providing high-quality research, the kind brokerage customers used to prize./p
pBut visitors to the site wanted more than analytics. They also craved the edgier Henry of the
Spitzer emails. Blodget obliged. In one post, a
href="http://www.alleyinsider.com/2008/1/ben_stein_is_an_idiot"Blodget declares/a citeNew York
Times/cite economics columnist Ben Stein to be either "an idiot" or possibly just "delusional." He
suggests that the anonymous sources cited by archrival TechCrunch in its reporting on Microsoft's
attempt to purchase Yahoo "a
href="http://www.alleyinsider.com/2008/5/yahoo_stock_fades_as_techcrunch_microsoft_takeover_sources_sober_up"must
have been drunk/a." And in November 2007, when E-Trade lost $9 billion in value as its risky
mortgage bets turned to dust, Blodget offered only one piece of advice to the company's
shareholders: "a
href="http://www.alleyinsider.com/2007/11/etrade_etfc_total_cost_of_screwup_9_billion"Cry/a."/p
p"On Wall Street, I'd consistently submit a report that would say, 'This is going to be roadkill,'
and it would come back rewritten as 'We see some weakness,'" Blodget says. "Now I can say, 'It's
going to be roadkill.' That's very satisfying."/p pBut even as he delights in railing against
corporate giants, he's still disciplined enough to run the underlying numbers mdash; Blodget loves
the drama, but he loves the spreadsheets just as much. One post about craigslist should have been
something only an accountant could love: a complex set of assumptions and analyses to determine
what the company might be worth. Yet Blodget wrote the whole exercise as if it were a mystery plot,
parceling out details and stringing the reader along until the very end./p pWhen Yahoo announced
this summer that it had hired Bain amp; Co., a consulting firm usually brought in when a company is
about to start swinging the ax, Blodget a
href="http://www.alleyinsider.com/2008/9/yahoo-fat-farm-how-many-people-does-yahoo-need-to-fire-to-get-fit-"sharpened
his own pencil/a. "We're mad as hell ... especially now that Yahoo's wasting millions on Bain." He
offered his own, free advice (spreadsheet attached) cataloging how many people Yahoo should fire in
each division mdash; 1,804 from its "positively obese" sales and marketing arm alone mdash; in
order to goose operating margins to a "more respectable" 20 percent from its current 7 percent. "He
pushed us early on to ask, 'What does this mean for profits? How does any news affect a company's
numbers?'" Frommer says. "It's great if it makes a company look bad or look good, but is this
really going to affect the numbers?"/p pBlodget is also trying things that no
mainstream-journalism-trained blogger like Swisher or GigaOm's a href="http://gigaom.com/"Om
Malik/a would ever dare. He makes serious-sounding offers to buy companies that he wants to
demonstrate are significantly undervalued. It's pure showmanship, but with Blodget's background in
finance and his ties to folks up and down Wall Street, no one knows just how far he will take the
joke./p pHis first target was CNET. With the a
href="http://www.alleyinsider.com/2007/12/announcing_our_friendly_takeover_offer_for_cnet"slightest
of winks/a, he wrote a
href="http://www.alleyinsider.com/2008/1/cnet_update_on_our_offer_and_restructuring_plan_part_1"post
after post/a explaining how he'd a
href="http://www.alleyinsider.com/2008/4/jana_here_s_our_plan_for_cnet"purchase the company/a. At
first he proposed a sort of reverse merger, with CNET buying Alley Insider for $50 million in
stock, at which point Blodget's team would take over every aspect of the company. Then he detailed
the operational changes he would make./p !-- pagebreak -- pRyan got nervous about Blodget's new
direction. Blodget's deal with the government forbade him from giving individual research advice,
but it didn't say anything about jumping into the private-equity space. Still, there might be legal
issues. "Look, why don't we run this by a lawyer just to make sure, because we're getting into
securities stuff here," he said to Blodget. When the lawyer asked them "Is this a real offer?"
there was a brief silence. For the first time the two really thought about it./p p"You know, yes,"
Ryan replied. "If they said yes, we would accept $50 million at that time to buy them. So it is a
real offer. But we're actually asking them to buy us." The lawyer signed off on the convoluted
reasoning./p pAfter Blodget's taunting posts went up, investment firm JANA Partners announced a
hostile takeover attempt of CNET. It failed, but by spring 2008 CBS a
href="http://www.alleyinsider.com/2008/5/cbs_buying_cnet_for_1_8_billion"stepped in to buy/a the
company for $1.8 billion./p pFor one CNET executive, memories of Blodget's unwanted attentions
still rankle. "The way you make a big name for yourself on the Web today is to make, for lack of a
better word, ridiculous statements," says Zander Lurie, former senior VP of strategy and
development at CNET and now CFO of CBS Interactive. Lurie found himself reassuring employees who
sent him Blodget's postings and wondered whether their company was at risk. "Everyone knew there
was nothing in the offering: He didn't have the capital, the expertise, or any specific insight
into our business," Lurie says. "He makes the ridiculous statement and it gets sent all around, and
then he claims credit when there's an event the following year, which obviously he had nothing to
do with. Less than zero to do with. We all have reputations. And his track record is well known."/p
pBlodget has been a
href="http://www.alleyinsider.com/2008/10/how-the-new-york-times-nyt-can-save-itself"waging
another/a half-serious acquisition fight, this time for the New York Times Company. All he wants is
the Web site mdash; the print side is dead, he says. He thinks the paper needs to cut about 80
percent of its costs, at which point it would be the perfect size to be the digital paper of record
for a long time to come. "It's a serious offer from our perspective, but it hasn't been taken
seriously," Blodget says./p pstrongIn the wake of Wall Street's latest meltdown/strong, Blodget
finds himself in even greater demand. He's doing regular TV appearances and is posting again on
Slate. When NPR wanted someone to talk about the Wall Street culture of greed, they a
href="http://www.npr.org/templates/story/story.php?storyId=94667073"brought in Blodget/a. The
reporter introduced him by pointing out that Merrill is now gone, "and Henry Blodget is gone, too;
he's banned from Wall Street after being charged with fraud."/p p"Thanks," Blodget said, stuttering
for a second, "especially for that horrific introduction." They both laughed. But by the end, the
host was treating Blodget like an elder statesman./p pRecently Blodget has been expanding his
franchise. He and Ryan have launched two sister sites: a
href="http://www.clusterstock.com/"Clusterstock/a, which will compile and analyze Wall Street
research on a much wider range of industries, and a href="http://www.businesssheet.com/"the
Business Sheet/a, which will focus on corporate scandals. A third is in the works. For each new
site, Blodget provides the bulk of the early posts, seeding the new enterprise with the Blodget
touch./p pBlodget is broadening beyond tech to get ready for what he sees as a coming shakeout in
the news-blog industry. He says he might even start making acquisitions if the price is right.
Ryan's suite of companies has raised $50 million in the past few years, possibly enough to buy out
some other interesting small blogs. The winning formula for this new kind of business remains
elusive: It's a matter of finding the balance between gossip and analysis, between aggregating news
from other sources and doing original reporting. Revenue models that go beyond basic advertising
have also been slow in coming. "If you look at the development of every new medium, there's been a
new form of journalism that has been made possible by it, and there has always been this period of
transition," Blodget says. "There is collective experimentation as people figure out what works and
what doesn't, and usually you have some very important publications that are built."/p pAnother way
to expand is to sell to a larger media company. Blodget says he'd consider an offer, but Alley
Insider is still defined almost entirely by one man. If he left, the value would plummet. Also,
some media institutions mdash; the grayer, stodgier ones mdash; may find Blodget's unique baggage
unacceptable. The endless barrage of comments, the angry mob that seems to follow him everywhere,
may be too much for the sensitivities of some management teams, even in these freewheeling days of
media transformation. When Blodget wrote a few small items for citeThe New York Times/cite, the
newspaper's a href="http://www.nytimes.com/2007/11/11/opinion/11pubed.html"ombudsman went
haywire/a. "The citeTimes/cite luster may help Blodget," he wrote last year, "but some of his taint
rubs off on the citeTimes/cite."/p pIt's just the sort of comment Blodget has come to expect from,
well, everyone. That may change, but only if this latest reinvention succeeds in burying his past
forever. In which case, he will have been right: The Internet really does change everything./p
pemSenior writer Daniel Roth /em(a href="mailto:daniel_roth@wired.com"daniel_roth@wired.com/a)
emwrote about the a href="/cars/futuretransport/magazine/16-09/ff_agassi"future of the electric
car/a in issue 16.09./em/pbr style="clear: both;"/ a style='font-size: 10px; color: maroon;'
href='http://www.pheedo.com/hostedMorselClick.php?hfmm=v3:e5509a1338aa2d046a0f36f53c86fd46:KTSfKmr30cBfHohgGm6zBCE5aLDI579Ry5%2FoG9QrW9e1KIT2xpDAJhCNE%2FP6%2BodTaIRTxDwhJCc5xg%3D%3D'img
border='0' title='Add to Facebook' alt='Add to Facebook'
src='http://www.pheedo.com/images/mm/facebook.gif'//a a style='font-size: 10px; color: maroon;'
href='http://www.pheedo.com/hostedMorselClick.php?hfmm=v3:85af8ef1f22075639f5e1be7151d039b:KjXRBL7FimCdPfkcPkDUOZbe%2BR8tiL4gaeJxl%2FnucFQ8UL28mzRmZSeHpMqoJwFUINppaALMULUa'img
border='0' title='Add to Reddit' alt='Add to Reddit'
src='http://www.pheedo.com/images/mm/reddit.png'//a a style='font-size: 10px; color: maroon;'
href='http://www.pheedo.com/hostedMorselClick.php?hfmm=v3:db4d557cf92ff9467e13e01b1aee6530:PWDj6Lri2aPp2F0l1o37LwimABRJS%2Bw%2FOQMMPSWuRMZRLZhLRGI4Q9jz2JLAIoyYna2BguNYIBWs'img
border='0' title='Add to digg' alt='Add to digg' src='http://www.pheedo.com/images/mm/digg.gif'//a
a style='font-size: 10px; color: maroon;'
href='http://www.pheedo.com/hostedMorselClick.php?hfmm=v3:064842e7a9d26f4e96559df7ad75369c:Ri7lRQ2YuIojw9J42qFhanIkt9g%2B2lNj7ky0mPfhji4DJCDrd66IrgRLO78oVkOke9RGBuQDA3ra'img
border='0' title='Add to Google' alt='Add to Google'
src='http://www.pheedo.com/images/mm/google.png'//a br style="clear: both;"/ a
href="http://www.pheedo.com/click.phdo?s=c54405cdda6d6c80dfe38fdee8a0c2a5p=1"img alt=""
style="border: 0;" border="0"
src="http://www.pheedo.com/img.phdo?s=c54405cdda6d6c80dfe38fdee8a0c2a5p=1"//a img
src="http://www.pheedo.com/feeds/tracker.php?i=c54405cdda6d6c80dfe38fdee8a0c2a5" style="display:
none;" border="0" height="1" width="1" alt=""/ pa
href="http://feeds.wired.com/~a/wired/index?a=V04TVZ"img
src="http://feeds.wired.com/~a/wired/index?i=V04TVZ" border="0"/img/a/pimg
src="http://feeds.wired.com/~r/wired/index/~4/474334201" height="1" width="1"/

|
Silicon Alley Insider -
1 days and 9 hours ago
pimg class="float_right" src="/~~/f?id=47fa271214b9b9f4005a8e00maxX=225maxY=161" border="0"
alt="carl-icahn.jpg" title="carl-icahn.jpg" width="225" height="161" /Corporate raider and Yahoo
board member Carl Icahn just told CNBC he would vote against former AOL CEO Jon Miller's plan to
buy Yahoo for $20-$22 a share with money from private equity and sovereign wealth./p p"Right now, I
would be against that," Icahn said, indicating he objected not to Miller running Yahoo, but
Miller's price. "The stock is undervalued right now," he said./p pIcahn's ideal candidate for the
job? No surprises there: "A hard-nosed kind of guy," who would be willing to do a search deal./p
pIchan, who told CNBC he talked Miller over the weekend, did not bring up Miller's noncompete
clause with AOL as a potential barrier for him taking the Yahoo job./p pstrongSee Also:/stronga
href="../../2008/12/yahoo-ceo-update----rosensweig-conspiracy-editionhell"br /Yahoo CEO Update:
Rosensweig Conspiracy Edition (YHOO)/a/p p /p pa
href="http://feedads.googleadservices.com/~at/43e7drLbbkDWS_wAd22_rHC8UpQ/a"img
src="http://feedads.googleadservices.com/~at/43e7drLbbkDWS_wAd22_rHC8UpQ/i" border="0"
ismap="true"/img/a/pdiv class="feedflare" a
href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=Tc1hY2oZ"img
src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?i=Tc1hY2oZ"
border="0"/img/a a
href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=BpcuMJSJ"img
src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=52"
border="0"/img/a a
href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=6vyrArUJ"img
src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=80"
border="0"/img/a a
href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=6KJOzRa9"img
src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?i=6KJOzRa9"
border="0"/img/a a
href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=KDeT1ka2"img
src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=131"
border="0"/img/a a
href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=RMLCR5g3"img
src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=336"
border="0"/img/a a
href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=bh8rU8yk"img
src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=41"
border="0"/img/a a
href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=f7pz2o6p"img
src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=50"
border="0"/img/a /divimg
src="http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~4/OaiTVPJ_Zoc"
height="1" width="1"/

|
IBTimes.com RSS Feed - Technology -
1 days and 9 hours ago
BlackBerry maker Research In Motion Ltd. announced a hostile takeover bid for Certicom Corp. on
Wednesday, offering 1.5 Canadian dollars ($1.20) per share, or about 66 million ($52.6 million) for
the company.div class="feedflare" a href="http://feeds.feedburner.com/~f/ibtimes/tech?a=rBfAO"img
src="http://feeds.feedburner.com/~f/ibtimes/tech?i=rBfAO" border="0"/img/a a
href="http://feeds.feedburner.com/~f/ibtimes/tech?a=kDLWo"img
src="http://feeds.feedburner.com/~f/ibtimes/tech?i=kDLWo" border="0"/img/a a
href="http://feeds.feedburner.com/~f/ibtimes/tech?a=zYO0o"img
src="http://feeds.feedburner.com/~f/ibtimes/tech?i=zYO0o" border="0"/img/a /divimg
src="http://feeds.feedburner.com/~r/ibtimes/tech/~4/474004378" height="1" width="1"/
|
doggdot.us -
1 days and 12 hours ago
Yahoo is yet again the subject of takeover rumors, this time with a new twist: a former head of AOL
is supposedly trying to line up backers for a bid to take the company private. Its scenario that
makes sense, but will be tough to pull off given the state of the economy. pa
href=http://feedads.googleadservices.com/~at/VGz6dcTyO7UxVxhX0LR3HuV_-Pk/aimg
src=http://feedads.googleadservices.com/~at/VGz6dcTyO7UxVxhX0LR3HuV_-Pk/i border=0 ismap=true
//a/pimg src=http://feedproxy.google.com/~r/digg/container/technology/popular/~4/56zTHMejY0c
height=1 width=1 /br[a
href=http://arstechnica.com/news.ars/post/20081202-report-white-knight-wants-to-take-yahoo-private.html
title=linklink/a] [a
href=http://feeds.digg.com/~r/digg/container/technology/popular/~3/56zTHMejY0c/Report_white_knight_wants_to_take_Yahoo_private
title=moremore/a]
|
UberPhones -
1 days and 12 hours ago
div style="float:right;"img border=0 title="RIM To Buyout Security Firm" alt="RIM To Buyout
Security Firm" src="http://www.uberphones.com/photos/2008/12/rim-logo.jpg" hspace="5" vspace="5"
//div pRIM’s BlackBerry devices are obviously geared towards corporate customers, so
it’s understandable that they take security very seriously. In light of that, RIM has decided
to initiate a takeover bid for Certicom, a security firm that has worked with RIM in the past which
also happens to hold more than 350 security patents, some of which are even used by the American
NSA. RIM is planning to pay $1.50 per share, which would amount to a $66 buyout, which isn’t
that bad, considering the current economic climate. /p pPermalink: a
href="http://www.uberphones.com/2008/12/blackberry/rim_to_buyout_security_firm/"RIM To Buyout
Security Firm/a from a href="http://www.uberphones.com"Uberphones/a | a
href="http://www.uberbargain.com/"Good deals/a | Hot: a
href="http://www.ubergizmo.com/15/archives/2008/11/blackberry_storm_review.html"BlackBerry
Storm/a/p pa href="http://feedads.googleadservices.com/~a/Umh9rH2iYJ-KqSDx-b59DTrBWQE/a"img
src="http://feedads.googleadservices.com/~a/Umh9rH2iYJ-KqSDx-b59DTrBWQE/i" border="0"
ismap="true"/img/a/p

|
Joystiq -
1 days and 14 hours ago
pFiled under: a href="http://www.joystiq.com/category/business/" rel="tag"Business/a/pdiv
align="center"a href="http://www.edge-online.com/news/sci-changes-name-eidos"img vspace="4"
hspace="0" border="0" alt=""
src="http://www.blogcdn.com/www.joystiq.com/media/2008/12/eidos.logo.lara.490w.jpg" //a/div What's
in a name? That which we call a rose by any other name would smell as sweet ... but what about a
struggling video game publisher? SCi has officially taken the name of its subsidiary, Eidos,
finalizing a change that was a
href="http://www.joystiq.com/2008/09/15/sci-entertainment-loses-177-million-in-fiscal-08-changes-name/"announced/a
in September. True to Juliet's musings, though, it isn't one name or the other that makes the UK
publisher so attractive to a
href="http://www.joystiq.com/2008/12/01/rumor-sci-eyed-for-takeover-by-ea-and-ubisoft/"potential
buyers/a.br /br /A bargain is a bargain, after all. And with strikeSCi/strike Eidos stock down 92%
over the past year and a couple notable franchises on the table (emHi a set="yes" linkindex="112"
href="http://www.joystiq.com/tag/tomb-raider"Tomb Raider/a! Yo a set="yes" linkindex="113"
href="http://www.joystiq.com/tag/hitman"Hitman/a!/em), the company could call itself "Donkeylips"
and still be shareholders' must-have deal of the holiday season.p
style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"a
href="http://www.joystiq.com/2008/12/03/sci-just-call-me-eidos/"SCi: Just call me 'Eidos'/a
originally appeared on a href="http://www.joystiq.com"Joystiq/a on Wed, 03 Dec 2008 11:59:00 EST.
Please see our a href="http://www.weblogsinc.com/feed-terms/"terms for use of feeds/a./pp
style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding:
0;"nbsp;/ppa href=http://www.edge-online.com/news/sci-changes-name-eidosRead/anbsp;|nbsp;a
href="http://www.joystiq.com/2008/12/03/sci-just-call-me-eidos/" rel="bookmark" title="Permanent
link to this entry"Permalink/anbsp;|nbsp;a href="http://www.joystiq.com/forward/1390107/"
title="Send this entry to a friend via email"Email this/anbsp;|nbsp;a
href="http://www.joystiq.com/2008/12/03/sci-just-call-me-eidos/#comments" title="View reader
comments on this entry"Comments/a/p pa
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src="http://feedads.googleadservices.com/~at/4xAwL8jmKgjwobBp8QHZMJSRwbM/i" border="0"
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href="http://feedproxy.google.com/~f/weblogsinc/joystiq?a=z7S2cx2p"img
src="http://feedproxy.google.com/~f/weblogsinc/joystiq?i=z7S2cx2p" border="0"/img/a a
href="http://feedproxy.google.com/~f/weblogsinc/joystiq?a=fh2rVtH7"img
src="http://feedproxy.google.com/~f/weblogsinc/joystiq?i=fh2rVtH7" border="0"/img/a /divimg
src="http://feedproxy.google.com/~r/weblogsinc/joystiq/~4/UyvdiC90aLo" height="1" width="1"/

|
Silicon Alley Insider -
1 days and 16 hours ago
pimg class="float_right" src="/~~/f?id=49368d6c796c7a9b00775e15maxX=240maxY=180" border="0"
alt="evan_williams.jpg" title="evan_williams.jpg" width="240" height="180" /Twitter CEO Evan
Williams made an appearance in San Francisco yesterday and dropped a few new hints about a
href="http://www.alleyinsider.com/2008/10/twitter-we-ll-announce-our-secret-business-model-early-next-year"Twitter's
secret business model/a . Evan still isn't saying just how his service can make money without doing
things that Twitter's users will hate, but here's what we know./p pVia a
href="http://news.cnet.com/8301-17939_109-10112037-2.html"CNET/a:/p ul listrongRevenue is coming
Q1, Evan promises/strong. "I don't want to raise money in 2009."/li liTwitter is in talks with
"large consumer packaged good companies." But no word yet on just what that means. /li liIn the
works: Grouping Twitter friends into cliques for easier following, a feature the microblogging
service has been a
href="http://www.alleyinsider.com/2008/6/let_it_be_true_twitter_planning_contact_groups_but_first_uptime_"promising
since at least June/a./li liAlso being promised: Making Twitter easier to use for a general
audience. Evan didn't mince words here -- "It's amazing anyone uses Twitter today," he said. "It's
hard." /li /ul pIn other words, more of the same. But give Twitter credit for a real progress: Site
outages (the dreaded fail whale) seem to occur far less frequently than they used to./p pstrongSee
Also:/strongbr /a
href="http://www.alleyinsider.com/2008/10/twitter-we-ll-announce-our-secret-business-model-early-next-year"Twitter:
We'll Announce Our Secret Business Model Early Next Year/abr /a
href="http://www.alleyinsider.com/2008/10/twitter-the-next-google-no-the-next-netscape"Twitter The
Next Google? No, The Next Netscape/abr /a
href="http://www.alleyinsider.com/2008/11/twitter-rejects-500-million-takeover-offer-from-facebook"Twitter
Rejects $500 Million Takeover Offer From Facebook*/abr /a
href="http://www.alleyinsider.com/2008/6/let_it_be_true_twitter_planning_contact_groups_but_first_uptime_"Twitter
To Get More Like High School, In A Good Way/a/p pemPhoto: a
href="http://flickr.com/photos/joi/2118601809/"Joi Ito/a/em/p pa
href="http://feedads.googleadservices.com/~at/ryz5eNK9gAi-BsgVH8VgznuF8Lw/a"img
src="http://feedads.googleadservices.com/~at/ryz5eNK9gAi-BsgVH8VgznuF8Lw/i" border="0"
ismap="true"/img/a/pdiv class="feedflare" a
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src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?i=1i60T1id"
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href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=GklyIttW"img
src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=131"
border="0"/img/a a
href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=fGyROBzF"img
src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=336"
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Times Online:rss -
1 days and 17 hours ago
EDF, the state-controlled French energy giant, threw down the gauntlet to Warren Buffett today,
with a $4.5 billion ($£3 billion) bid for part of Constellation Energy designed to frustrate
the legendary US investor’s proposed takeover of the US wholesale power group.
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CNN.com - Sport -
1 days and 18 hours ago
Read full story for latest details.img
src="http://feedproxy.google.com/~r/rss/edition_sport/~4/rCSmVH347hM" height="1" width="1"/
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Next Generation -
1 days and 21 hours ago
img
src="http://www.edge-online.com/files/imagecache/article_homepage_large_144x108/eidos_logo_0.png"
alt="SCi Changes Name to Eidos" title="SCi Changes Name to Eidos" class="imagecache
imagecache-article_homepage_large_144x108" /br /!--paging_filter--strongSCi Entertainment has now
officially changed its name to Eidos. The publisher had filed a request to change its name with the
Registrar of Companies yesterday, and now the firm has assumed the name and logo of its Eidos
subsidiary.br //strongbr /Since Monday the company has been the subject of takeover speculation,
with both Ubisoft and EA suspected to be interested in acquiring the UK publisher. br /pa
href="http://www.edge-online.com/news/sci-changes-name-eidos"read more/a/p
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Global Voices Online -
1 days and 21 hours ago
Bangkok’s airports are now open. The protesters have agreed to end their protests after the
country’s top
court ordered the dissolution of the ruling party which forced the Prime Minister to step
down.
Military troops are now guarding the airports. Tourists are advised to
contact their airlines and tourism offices to check for flight schedules.
Last week protesters belonging to the People’s Alliance for Democracy have occupied
Bangkok’s
two airports demanding the removal of the corrupt government. The airport takeover has
stranded more than 300,000
passengers in the country.
Because of the favorable court order, the protesters have declared victory. However, they
vowed
to launch similar protest actions in the future if reforms are not instituted. Excerpts from
PAD’s
statement:
“The PAD would like to call on whichever side that attains power to run the country to find
a solution for the current problems and not to create conditions for another political turmoil in
the country. Do not bring to power people from the Thaksin regime. Address the wrongdoings
conducted by those in the Thaksin regime. Join with the people in making new politics a
reality.”
The PAD would like to make the following pledges.
1. If a proxy government of the Thaksin regime is set up again or if there is an attempt to amend
the Constitution or the law to whitewash the wrongdoings of those in the Thaksin regime, to
benefit politicians, or to lessen the power of the King, the PAD will return.
2. From now on, if there is any government which comes into power but is insincere in its efforts
to launch new politics with the people, the PAD will return.
Thaksin is former Prime Minister of Thailand who was ousted in a coup two years ago. PAD accused
the last two Prime Ministers of being puppets of Thaksin.
Thai Politico interprets the PAD
statement:
“The implication at the moment is that if the next PM is not to the PAD's liking they will
occupy the airport again. Will the security forces now completely secure Thailand's airports so
that nothing like this can take place again? Or will we see the army back off like scared rabbits
into the corner?”
New Mandala believes PAD’s victory will be
short-lived:
“The celebrations by the yellow shirts at Suvanabhumi will be short-lived. The parliament
has not been dissolved and the government looks very likely to maintain its majority. The
Democrat-except-when-you-can’t-win-an-election-and-then-a-judicial-coup-is-OK Party simply
can’t muster the numbers. More blatant judicial or military intervention will be required
to remove the government.”

Political cartoon by Sacravatoons
PAD is popular in Bangkok (but the airport takeover has made it less popular today). PAD is
accused of having close ties with Bangkok’s elite. On the other hand, most of the rural
voters are supportive of Thaksin’s party. Someone asked: What if the farmers staged their
own protest against PAD and the urban elite by refusing to plant rice?
Stranded tourists are now recounting their experience in Thailand. Tuesdaynight narrates
how he and his wife were able to leave the country by traveling to Malaysia and Singapore by
land. He writes:
“Finally, I have to say, after all this, I consider us to be lucky. We found a way out of
the country and it worked. I truly feel for the hundreds of thousands people whose travel was
impacted because of this. More importantly, I feel for the Thai people who have yet to find some
form of political stability.”
Despite the airport chaos, life in Bangkok
seemed like normal the past week. Oneditorial writes:
“During the week, I called my family to get their views on this event. They did not seem to
be thinking too much about what is going on. They still carry on their daily lives as usual. As a
matter of fact, on the day I talked to my mother on the phone, the entire family was completely
absorbed in watching a Thai soap on the telly, never mind the fact that the country is in a state
of political turmoil. I just wish I could be as detached as them.”
Andrew Biggs asks if the airport crisis
would produce positive results:
“Could it be that the pain, shame and anger we have all experienced with the PAD’s
closure of the airport actually be heralding a new era of politics in Thailand? Could it possibly
be that something good is going to come out of all this?”
An anonymous commenter criticizes the
organizer of the protests:
“Im sure terrorist groups in South-East Asia have witnessed the complete lack of security
at the airport and thus it would be a sitting duck for groups who plan terrorist attacks against
planes and passengers. Bangkok as a major hub? I dont think so any more. What airline will want
to fly in and out of Bangkok when the airports own security guards ran like scared children from
their own people. Shame on Thailand for allowing this anti democratic group to act like
terrorists and hold an entire country to ransom. Thailand is about to see the trickle down from
this catastrophe and I pity the ordinary people who were not involved in this protest but could
lose jobs.”
Gabriella
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