Social gaming company 6waves Lolapps (which is now going by the shortened moniker “6L”) is continuing its stated quest to take on industry leader Zynga. The company is announcing Wednesday the acquisition of Escalation Studios, a Dallas, Texas-based mobile game company. Read More »
Tech
The venture industry is contracting at the moment, with overall dollars going into venture capital funds shrinking by 57 percent in the second quarter from the year before. Amid this background DFJ Mercury, a Houston-based affiliate fund of Draper Fisher Jurvetson, raised a $70-million second fund. Read More »
Updated: Cisco on Friday said in a filing that it planned to close its Broadband Telephony Services unit in the Richardson, Texas, office and will lay off 129 employees between Oct. 8 and Dec. 12. The networking giant filed this information with the Texas Workforce Commission… Read More »
I live in Texas, where during the tech bubble folks were walking around saying that it was nothing compared to the real estate crisis of the late 80s. So now seemed like a good time to chat with Austin Ventures, which has been investing in the… Read More »
Last week, when the FCC published an order aimed at halting the collection of and reporting on the quality of telephone service on a nationwide basis, we were pretty disappointed, as it came off like the agency was just throwing in the towel… Read More »
The two-month grace period is ending for Time Warner Cable customers in Beaumont, Texas, who are part of the ISPs tiered broadband trials. A spokesman for Time Warner Cable declined to comment but confirmed that residents would soon see bills reflecting the $1 per… Read More »
Don’t mess with lawyers, and especially don’t poke fun at them for bad behavior or allege that they may have committed improprieties with a court. You’d think Richard Frenkel, a fellow lawyer, would understand this rule, but the Cisco IP director still attacked a… Read More »
Looks like common sense is finally prevailing in the for-fee Wi-Fi business. Boingo Wireless, a Wi-Fi aggregator is launching a flat rate Wi-Fi plan for the entire planet, which seems like a first step in Wi-Fi price war, and that is just great, repeat great news… Read More »
This morning WSJ reported that News Corp is pulling the plug on its satellite-based Internet service. Hughes Electronics had embarked on an ambitious plan to deliver broadband to consumers and businesses using satellites made by Boeing. Seems News Corp executives have doubts about the financial… Read More »
Looks like change of scenery has not helped equipment maker Tut Systems even a little bit, as the company extends its losing streak to yet another quarter. bq. The company lost $4.4 million, or 22 cents per share, compared with a loss of 2.2 million,… Read More »
Wall Street Journal picked up my post on “dark side of outsourcing” this morning and has carried a synopsis in their Work in Progress column online. There is an interesting array of comments. One of them says I am a coward who… Read More »
