The Buzz: March 12, 2001

It looks like Dick Egan has a touch of green in this very Irish of months

Egan to Be Ambassador?

It looks like Dick Egan has a touch of green in this very Irish of months.

The founder and chairman emeritus of storage giant EMC reportedly is President Bushs choice for next U.S. ambassador to Ireland.

A spokesman for the Hopkinton, Mass., company declined to comment on the reports, but political leaders from the states governor to the states congressmen said last week they favored the nomination.

Egan has been a big GOP booster, contributing $520,000 to the Republican National Committee during last years presidential campaign.

Since 1988, EMC has operated a site in Cork, Ireland, employing 1,600 people.

Study: Future Is Not Now

A host of issues must be addressed before voters should be allowed to cast ballots from their homes via the Internet, according to a study sponsored by the National Science Foundation.

Those issues range from questions of security and viruses to affluent citizens having greater access to the Internet, said the study, which was requested by President Clinton in 1999 and released last week.

However, the study finds that the Internet could be used effectively in the voting process, from allowing online voting at polling sites to setting up kiosks in such places as shopping malls.

The study follows the problems in Florida last fall connected to the presidential election.

Yahoos Koogle Steps Aside

Last week was a wild one for Web portal Yahoo, one of the kingpins of the Internet economy. On the same day, March 7, the company announced that its revenues would fall short of analysts expectations and that CEO Tim Koogle was stepping aside—a move that further hurt Yahoos share price.

Yahoo pointed to a cutback in marketing spending by its customers and its shift to a greater reliance on traditional brick-and-mortar companies as reasons for the revenue problems.

The company is looking outside for a replacement for Koogle, who will remain as chairman.

The company also said it may buy back up to $500 million of its outstanding stock over the next two years.

The announcements caused NASDAQ to halt trading on Yahoo shares for most of the day.