Archive for May, 2007

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Mike Volpi, new Joost CEO

Om Malik, Thursday, May 31, 2007 at 12:28 AM PT Comments (2)

It was a rumor that had been hanging in air, like thick smog over Los Angeles. Mike Volpi, till recently a rising star at router maker Cisco Systems, was said to be joining Joost as chief executive officer. Our sources said it was going to happen, but the Joost press team kept on denying it, [...]

Web Do-Gooders Win Cash

Katie Fehrenbacher, Wednesday, May 30, 2007 at 10:47 PM PT Comments (1)

We almost skipped the NetSquared convention this week, given the 21 web-based projects presenting are all not-for profit organizations. But hey, GigaTeam needs to feel all warm and fuzzy sometimes too.
So we spent a few hours watching pitches from social organizations that used the conference to swap resources, look for funding, and compare notes on [...]

Google Goes Offline, on Purpose

Liz Gannes, Wednesday, May 30, 2007 at 4:07 PM PT Comments (9)

Google is looking to help web applications get offline, releasing a new Gears open source project. At a demonstration, today it is releasing a version of Google Reader that works offline via a manual sync.
Google Gears is a developer release with new JavaScript APIs for data storage, application caching, and multi-threading features, the company says. [...]

Big Job Cuts at Big Tech Companies

Katie Fehrenbacher, Wednesday, May 30, 2007 at 4:05 PM PT Comments (10)

There might be a lot of money flowing in Silicon Valley right now — four startups announced that they’ve been acquired just today. But for some of the big tech companies, and their employees, times aren’t so good.
Motorola said today its going to cut another 4,000 workers, in addition to the 3,500 the company announced [...]

LIVE BLOGGING: Apple adds YouTube to AppleTV

Om Malik, Wednesday, May 30, 2007 at 12:13 PM PT Comments (18)

I am going to try and live blog Apple CEO Steve Jobs’ interview at the D Conference.
Steve Jobs comes on stage, wearing the all familiar turtle neck and jeans.
Apple is in two businesses today and we will be the three busienss soon. We love our mac business, and there is the music business. [...]

eBay to announce StumbleUpon buy today

Om Malik, Wednesday, May 30, 2007 at 10:22 AM PT Comments (19)

Update: So, it’s official, eBay has bought StumbleUpon for $75 million. Here’s the release.
eBay, the San Jose, Calif.-based auction giant is likely to announce its acquisition of Stumble Upon after the close to markets today, according to informed sources. The news of a pending deal was first reported back in April 2007. The acquisition price [...]

Acquisition Wednesday: Fox Interactive’s Peter Levinsohn Talks

Katie Fehrenbacher, Wednesday, May 30, 2007 at 8:36 AM PT Comments (8)

It’s a good morning to be a social media web startup. First Fox Interactive Media sends out a release officially announcing it’s buying both photo sharing site Photobucket and slide show widget creator Flektor. Then CBS announces that it’s bought music social network Last.fm for $280 million.
Whoa, media sharing madness. While FIM didn’t disclose [...]

MetroPCS wants a piece of 700 MHz

Om Malik, Wednesday, May 30, 2007 at 7:31 AM PT Comments (1)

MetroPCS (PCS), a Dallas, Texas-based regional wireless carrier, that went public recently and raised a billion dollars is looking to jump into the fray for the 700 MHz spectrum, and is preparing to participate in the upcoming auctions. The company said this morning that it is going to raise $300 million in debt. MetroPCS had [...]

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