SMH August 1, 2007
"Last year's news
Engin, the internet telephony company part-owned by Seven Network, created headaches for analysts yesterday trying to decipher a stock exchange statement from Yahoo.
Yahoo, Seven's internet partner, disclosed it held a 34 per cent voting stake in Engin after signing an option for Seven's 119.5 million Engin shares. After a barrage of calls, both companies said it was just paper-shuffling to an agreement disclosed last year, which lets Yahoo buy half of Seven's stake if Engin becomes a competitor.
Oops, looks like someone forgot to tell the market. The statement overshadowed Engin's big news of the day: Founding CEO Ilkka Tales will step aside to make room for Max Alexander, a telecom hot shot from the UK."
seven yahoo engin
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