Yahoo posts net loss of $303 mn in Q4

Internet major Yahoo! has reported a net loss of USD 303 million in the fourth quarter ended December 31, 2008 on restructuring costs amid global downturn.
For the full year ended December 2008, Yahoo! posted a profit of USD 424 million against USD 660 million in the previous year, a company statement said in New York.
It added that the company during the quarter had incurred a restructuring cost of USD 108 million and "good will impairment" charge of USD 488 million among other costs.
Analysts said the expense of about 1,500 layoffs, along with the slackening advertisement spends, may have impacted the earnings.
Yahoo! had announced laying off about 1,500 employees in its efforts to save the company from the impact of the global downturn.
Yahoo! Chief Financial Officer Blake Jorgensen said, "We are encouraged by our results for 2008. Yahoo!s aggressive cost management and strong balance sheet helped us navigate this unprecedented economic environment."
In its outlook for the first quarter of the next year, the company expects its revenue to range from USD 1.53 billion to USD 1.73 billion, a decline from 1.82 billion at the same period last year.

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Govt set to make computers available @ Rs 500

New Delhi: To take knowledge to every household and help students get feed on every subject while sitting home, the Government is set to make available low-cost computers at USD 10 within six months.
Technology for these small devices has been developed by IISC, Bangalore and IIT Madras. "But lot of testing has to be done to ensure that the technology works properly. Once the testing is over, the computers will be made available on commercial basis. The target is to make it available in six months time," Higher Education Secretary, Ministry of HRD, R P Agrawal said reporters in New Delhi on Thursday.
The computer will be a small equipment with expandable memory, LAN and Wi-Fi facilities. The government will also produce e-content on every subject which will be made available free of cost.
A prototype computer has been designed which is being tested now. "Its cost will be USD 10. If the parents want to gift something to their kids, they can easily purchase this item and gift them," he said.

Students can get the e-content feed and load them in their computers and take advantage of the materials. The government will provide these computers to educational institutions at a subsidised price, Agrawal said.
The government is in the process of consultation with different agencies for production of these computers and are seeking collaboration with them. These computers can run at two WT power. "The ultimate target is to have a Virtual Technological University," Agrawal said.
The low-cost computers are being developed under the central scheme -- National Mission on Education through Information Communication Technology (ICT).
The ICT scheme envisages providing broadband connectivity to about 20,000 institutions, including 100 central educational institutions, in the country.
Institutions run by state governments and private agencies will have to bear 25 per cent of the cost for the broadband connectivity.
There are about 15,000 institutions in the country which do not have any connectivity and they will get five MBPS connectivity, Agrawal said. "The purpose is that the scheme will bridge the digital divide between institutions," he said.
The Cabinet Committee on Economic Affairs (CCEA) has already approved the scheme which aims to use ICT in providing personalised and interactive knowledge modules to students, a step aimed at increasing enrollment rate by five per cent in higher education in the 11th Plan.
The scheme would cost Rs 4,612 crore in the 11th Plan. "About 40 per cent of the fund will be spent on developing e-content. The e-content will be provided free to the institutions and students,"

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