In the face of scrutiny over Microsoft’s bid, company presses forward with a new Web device.

Despite shareholder lawsuits, employee dissent and scrutiny from all corners of the tech world over Microsoft’s (NASDAQ:MSFT) acquisition attempt, Yahoo (NASDAQ:YHOO) has unveiled its ambitious plans for a portable Web device.

Yahoo announced its latest mobile venture, called Yahoo onePlace, at the CeBIT computing expo in Germany today. The company has billed the product as a content-management system, essentially a bookmarking tool that enables users to pull together their favorite Web content in any format into a single interface.

Read more: internetnews.com