Silicon Beat: Kleiner Perkins Caufield & Byers, has teamed up with Sevin Rosen Funds to invest $6 million in XenSource which is offering an open source virtualization technology. Founders include the leader of the Xen project, Ian Pratt of the University of Cambridge. Sigh… Yet another open source start-up… has anyone turned a profit so far on this open source thing.
TechDirt: Google is getting set to launch the Mini-Google-in-a-box. Google has offered a search appliance for a while, which gets good reviews, but clearly has not been a very large part of their business. Err … how does $50 million a year sound to you?
MobileTracker: Nokia announced layoffs from its research and development division. Jobs will be lost all over the world but Germany and Finland will see the bulk of nearly 500 layoffs. Nokia plans to bring R&D expenditure down to 9%-10% of net sales by the end of 2006. R&D added up to 13% of net sales in 2003. Okay in case you were wondering… why… its because GSM business has peaked and all these folks were doing GSM related work. Now its time for Nokia to focus on WCDMA/UMTS stuff.