LEADING THE DAY: Yahoo will be making an announcement at 9 a.m. Monday. The news conference will be led by Ross Levinsohn, executive vice president of Yahoo! Americas. The announcement comes after weeks of speculation over the direction of the company, which fired CEO Carol Bartz in September.

Alibaba chief executive and president Jack Ma said recently that he would be “very interested” in buying Yahoo, the Associated Press reported. Yahoo currently owns about 40 percent of Alibaba. A deal between Yahoo and the Beijing-based company could raise concerns about national security, the Wall Street Journal reported.

Google’s Schmidt on Washington: Google Chairman Eric Schmidt talked about his Senate antitrust testimony, the disconnect between Washington and Silicon Valley and what can be done about it in an interview with The Washington Post’s Lillian Cunningham.

Schmidt said that the government should focus on regulating the outcome of tech issues rather than the technology. “Don’t specify the technology,” he said. “In other words, regulate this thing but don’t tell us how to make it technologically.”

Verizon sues FCC over net neutrality rules: Verizon has sued the Federal Communications Commission to overturn the agency’s rules on net neutrality, saying that they are too stringent. The suit was widely expected, The Washington Post reported; Verizon had already moved to sue the agency in March, but its suit was thrown out because the rules in question had not yet been published in the Federal Register.

The FCC also faces a suit from Free Press over the rules — that lawsuit says that the open Internet rules are too lax for wireless customers.

Google, Apple and taxes: Apple, Google and Cisco are leading a coalition lobbying for a tax holiday on more than $1 trillion in offshore profits, Bloomberg reported. Several well-positioned lobbyists, including Sen. Max Baucus’s former chief of staff Jeffrey Forbes, are pushing for the measure, saying that it will boost the U.S. economy.

HTC security flaw: HTC devices may have a “massive” security flaw, according to a report from Android Police, a site that has exposed security problems with Android-based smartphones in the past.

According to the report, HTC’s customization of the Android system has made it fairly easy for outside users to access personal information such as phone numbers, user accounts, e-mail addresses and location data.

TechAmerica appoints new CEO: TechAmerica has appointed Daniel A. Varroney as its interim CEO, effective immediately. Varroney had served as chief operating officer under former president and CEO Phil Bond. Bond is leaving to “pursue a new opportunity.”

AT&T seeks dismissal of court cases: AT&T has asked the U.S. District Court of the District of Columbia to dismiss lawsuits from Sprint and C Spire (formerly Cellular South) that oppose its $39 billion acquisition of T-Mobile, The Washington Post reported. In a filing Friday, AT&T said that C Spire had tried to pressure the larger wireless company for business favors in exchange for supporting the deal.