After shutting down Temasek Review, SPH launches attack on PMonkey's Yahoo News

[Rogue Trader]

Yahoo! readies defense against SPH claim

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Yahoo! Southeast Asia has filed a memorandum of appearance with the courts to defend itself against allegations by Singapore Press Holdings that the digital media company had infringed on its copyright.

"We intend to vigorously defend ourselves against this suit," said Yahoo! Southeast Asia Managing Editor Alan Soon. "Our editorial business model of acquired, commissioned and original content is proven."

In its claim, SPH cited 23 articles which it alleged were reproduced from its stable of newspapers without permission. Yahoo! has denied the allegations in an earlier letter to SPH's lawyers.

 

[Rogue Trader]

HOT NEWS: Yahoo Inc. countersues SPH!!

Yahoo Countersues Singapore Press Over Copyright Laws (YHOO)

Published on Tue, 12/13/2011 - 10:03
By FNNO Staff in News corner, yhoo, nasdaq:yhoo, yahoo

Yahoo (NASDAQ:YHOO), accused last month by Singapore Press Holdings (SPH) of reproducing news content without permission, denied infringing the city-state's copyright laws and countersued the newspaper publisher, reports Bloomberg.

Yahoo claimed in its suit that Singapore Press infringed its copyrights by reproducing articles and images on a website.

"There is an important public interest in respect of the right of the public to be informed of current events in Singapore," the Sunnyvale, California-based Internet company said in its filing. "Copyright law does not protect facts and information."

Yahoo! (NASDAQ:YHOO) has potential upside of 16.9% based on a current price of $15.65 and an average consensus analyst price target of $18.3.

Yahoo! is currently above its 200-day moving average (MA) of $15.39 and should find resistance at its 50-day MA of $15.68.

In the last five trading sessions, the 50-day MA has climbed 0.8% while the 200-day MA has remained constant.

Yahoo! Inc. is a global Internet media company that offers an online guide to Web navigation, aggregated information content, communication services, and commerce. The Company's site includes a hierarchical, subject-based directory of Web sites, which enables users to locate and access information and services through hypertext links included in the directory.

 

[laksaboy]

Yahoo has not been doing very well due to that bitch, former Yahoo CEO Carol Bartz.

Still, Yahoo should have our moral support. Please sue SPH into oblivion. Do not settle out of court. Go for the jugular.

 

[Rogue Trader]

I think Yahoo is just trying to get SPH to drop original charges.