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Yahoo said Michael Moritz, a partner in Sequoia Capital, was leaving the board to focus on "other business and investment opportunities." According to Sequoia Capital's Web site, Moritz serves as a director of 11 other companies.
Among those companies is search engine Google, which has a partnership with Yahoo but has been seen as an emerging competitor in certain areas. Yahoo's announcement in December that it would acquire search technology company Inktomi Corp. was seen by many as a first step to ending the Google deal.
Yahoo said Moritz would be replaced on its board by Bobby Kotick, the chief executive of video game publisher Activision Inc. ATVI.O . Kotick is also on the board of directors of software vendor Macromedia Inc.
[note: Sequoia Capital, Moritz, Google, ipo]
joined:Oct 23, 2002
"We've had some conversations about gaming but Terry (Semel, Yahoo's chief executive) knows my opinion that online gaming is a long way away," Kotick said.
Huh? A long way away?