Yahoo! Awarded Highest Technical Honor for Data Mining and Knowledge Discovery and Google Extends Web Search Lead
City of Industry, CA --(www.FinancialNewsUSA.com)-- 08/25/2008 - Internet Information Provider industry news provided by Financial News USA (OTC: FNWU). Yahoo! Inc. (Nasdaq:YHOO), a leading global Internet company, recently announced that Dr. Raghu Ramakrishnan, Yahoo! vice president, research fellow and chief scientist for the Audience Technology and Cloud Computing & Data Infrastructure (CCDI) groups, has been awarded the 2008 Innovation Award by the Association for Computing Machinery (ACM) Special interest Group on Knowledge Discovery and Data Mining (SIGKDD). ACM's SIGKDD Innovation Award is the highest technical award in the fields of data mining and knowledge discovery. ACM SIGKDD is pleased to present Dr. Raghu Ramakrishnan with its 2008 Innovation Award for his important contributions to the advancement of the data mining and knowledge discovery, said Gregory Piatetsky-Shapiro, chair of ACM SIGKDD. Dr. Ramakrishnans visionary research on techniques for scaling data mining algorithms to large datasets, and on mining ordered and streaming data has significantly influenced ongoing developments in the industry. The award is given to one individual or one group of collaborators who has made significant technical innovations in the field of Data Mining and Knowledge Discovery that have been transferred to practice in significant ways, or that have significantly influenced direction of research and development in the field. The previous ACM SIGKDD Innovation Award winners include Rakesh Agrawal (IBM), Jerome Friedman (Stanford University), Heikki Mannila (Helsinki University of Technology), Jiawei Han (University of Illinois at Urbana-Champaign), Leo Breiman (University of California, Berkeley), Ramakrishnan Srikant (Google), and former Yahoo! Chief Data Officer Usama Fayyad (2007).
Global Sources Ltd. (Nasdaq: GSOL; http://www.globalsources.com) announced recently that upon its Audit Committee's review and recommendation to its Board of Directors, the recommendation by its Board of Directors to its shareholders and the approval by its shareholders at a special general meeting held on August 22, 2008, it has appointed PricewaterhouseCoopers as the Company's new independent accounting firm for the Company's financial year ending December 31, 2008, in place of Ernst & Young LLP, effective August 22, 2008 until the next annual general meeting of the Company. The decision to change the Company's principal independent accountants was the result of a competitive request for fee proposal process undertaken by the Audit Committee. One of PricewaterhouseCoopers' first tasks will be to conduct a review of the Company's 2008 financial results to ensure compliance with U.S. GAAP.
Watch the latest videos on YouTube.com ComScore released its July Web search engine rankings Thursday, which show Google (NASDAQGS: GOOG) increasing its lead, while Yahoo and Microsoft are slipping. Google dominated the U.S. Web search market in July with 61.9 percent, up from 61.5 percent in June. Yahoo, meanwhile, saw its search market share fall from 20.9 to 20.5. Microsoft's searches also decreased, from 9.2 percent to 8.9. The new numbers show a return to form for Google, which actually slipped slightly from May to June from 61.8 percent to 61.5 percent. During that period, Yahoo and Microsoft edged higher. That appeared to be an aberration, however, because overall Google has been widening its lead for some time.
Elysium Internet, Inc. (OTCBB:EYSM), a next generation Internet advertising and new media Company, recently announced that it has formed a joint venture and now owns 51% of Local Jobs, Inc. Elysium Internet Chairman and CEO Scott Gallagher commented, "We believe a phenomenal opportunity exists for us to become a leader in the local job space utilizing cutting-edge technology to connect employers with job seekers. Our CEO and founder Derek Chisholm has created a scalable technology platform similar to our local directories that should allow us to enter new markets with relative ease. We believe www.TampaBayJobListings.com will be very well received by Florida's largest job market, the Tampa Bay area." Gallagher continued, "After Tampa, we're targeting launching local job sites in all of Florida's major markets by the end of the year and nationally in 2009."