Warren Buffet cleans out at the fire sales

There is a fire sale, and Warren Buffet is out shopping. WSJ reports that the legendary investor is buying up distressed properties from the shakeout of the hedge funds, and the cash strapped debt market, possibly including parts of Countrywide Financial. According to Warren Buffet, “I can spend money faster than Imelda Marcos when things are right”, or wrong, as the case may be.



Yahoo ups the ante with Smart Ads

Yahoo has been showing “smart ads” to viewers - these are advertisements that change colors or ad copy, depending upon who is viewing the ads. The ad customization will be based upon what Yahoo knows of the surfer from demographic information, and prior search history. Good to see Yahoo one-up Google, for a change.



Hearst Corp. buys social shopping site Kaboodle

Hearst Corporation, parent of Cosmopolitan, Good Housekeeping, and a host of other magazines, plans to announce today that it will buy social shopping site Kaboodle. On Kaboodle, users tag, review and refer products. The site get 2 million users per month.



Google’s new mobile phone : Yet another freebie?

ImageGoogle has developed a cell phone prototype that could hit the store shelves, in a year. The accompanying picture is rumored to be a prototype. The subscription is expected to be free, accompanied by search engine advertising.



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