This suggestion was actually put forward by Gene Munster, an eminent analyst who represents Piper Jaffray. Gene had a conference call with Scott Thompson after he was chosen the CEO. In the conference call, he asked Scott that what does he want to change Yahoo and where does he see Yahoo going with his arrival. Scott responded that in his view, Yahoo needs to work on the amount of media, content and engagement on the website and to improve it a lot. Munster also suggested to the new CEO that maybe Yahoo can acquire Netflix now. This, Munster told Scott, can be a great move since Yahoo can get it on cheap right now. Munster also said that Yahoo’s decision of choosing Scott as a CEO is not a bad one since Scott had taken PayPal to great new heights of success and can do the same to Yahoo.
An interesting aspect of this whole episode is that Netflix’s shares were trading at about $73 before this interview happened. As soon as this interview happened and Gene Munster suggested that Yahoo may buy Netflix, the share price has risen steadily and is currently stationed at $80!
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Rumors have been doing rounds on the web about a Microsoft Office for iPad app. In fact, The Daily has gone on to even present what it calls the ‘first glimpse’ of the app running on the tablet. According to The Daily’s Matt Hickey, he got to spend some time with a ‘working prototype’ of the app and that the app for the Office suite has the same metro-look that Microsoft seems focused on, of late. Microsoft, on the other hand, has debunked these claims as ‘based on inaccurate rumors and speculation.’
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