The fight for Skype has ended. After weeks of nasty legal sparring, the Internet telephony service’s founders agreed to join the investor group purchasing it from EBay and dropped the lawsuit that had threatened to bollocks the deal.
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Earlier today, Kara Swisher reported in BoomTown that RealNetworks would sack four percent of its workforce–70 employees out of its 1,700-person staff. After the jump, the official internal memo from RealNetworks Founder, Chairman and CEO Rob Glaser, breaking the bad news.
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Privacy advocates carping about the vast amounts of data Google collects about our Internet use can rest a bit easier today now that they know what the search company knows about them. This morning, Google rolled out Dashboard, a new service that consolidates user account information and settings for its various products onto a single page.
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As its recent buying binge–three acquisitions in October, alone–suggests, Cisco’s business is in decent shape these days. Reporting first-quarter results after market close today, the company handily beat Wall Street estimates.
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Looks like it’s going to be a very busy fall for Intel legal. This morning, New York Attorney General Andrew Cuomo filed a federal antitrust lawsuit against the company, alleging that it violated state and federal laws with a “systematic campaign” of illegal conduct.
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When it launched on July 10, 2008, Apple’s iTunes App Store held just 552 apps. Today, Apple tells us, it boasts more than 100,000. Astonishing, really, when you think about it. The App Store isn’t even two years old yet. Nor is the iPhone SDK.
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Here’s an interesting data point from Apple’s recent 10-K filing with the U.S. Securities and Exchange Commission: The company has budgeted $1.9 billion in capital expenditures for fiscal 2010. That’s 70 percent more than the $1.1 billion it spent in 2009. What does Apple plan to do with those additional funds?
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BoomTown’s week began onstage in front of thousands of chanting women. No, Kara wasn’t filling in for Oprah; she was doing something much cooler.
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Looks like Google is tweaking its homepage again. Surf over to the search sovereign’s front page today and you’ll find that the buttons for “Google Search” and “I’m Feeling Lucky” have been swapped out for a bit of new text: “This Space Intentionally Left Blank.”
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If Barry Diller is looking for somewhere to unload IAC’s Ask.com search engine, he’d be wise to consider Microsoft–if he doesn’t have that in mind already. Analysts reflecting on Diller’s recent remarks about Ask’s “speculative future” say Microsoft is the most likely buyer if IAC is truly serious about dumping the little search engine that couldn’t.
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It has been about two years since Apple last released a major firmware update for its Apple TV platform, so the release of Apple TV 3.0 today will come as welcome news to those who own the device. 3.0 is largely as rumored: Adding support for both iTunes LP and iTunes Extras.
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The Federal Communications Commission likes to describe the enforcement action it took against Comcast for its overzealous network management techniques as “modest.” Which is an apt description, since the FCC measure really contained no substantive punishment. Certainly, requiring Comcast to disclose more information about its traffic management practices seems a mere slap on the wrist for a company that deliberately interfered with BitTorrent traffic in violation of Internet openness principles. But Comcast, which wants a court to reverse and vacate the FCC decision, feels that even it was too much.
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Motorola’s ambitious turnaround strategy is beginning to pay off. Posting earnings this morning, the company said it managed a surprise profit in the third quarter, despite a decline in revenue. For the period, the troubled handset maker reported a profit of $12 million, or a penny a share, compared with a year-earlier loss of $397 million, or 18 cents a share. Sales fell 28 percent to $5.45 billion from $7.48 billion. Not the prettiest of quarters, but that penny-a-share profit beat the consensus estimates of analysts, who had expected the company to simply break even.
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