Business blog

posted by admin on Jun 19

Social networking site LinkedIn valued at $1 billion
LinkedIn, the social-networking site for career advancement and professional interactions, closed a funding round that values it at $1 billion, something the company considers a validation to its particular approach to this market.

Report: China launches Microsoft antitrust probe
China has launched an investigation into whether Microsoft unfairly dominates its software market, state media reported Wednesday.

Microsoft unaware of reported China investigation
Microsoft said it is unaware of an investigation into whether the company unfairly dominates China's software market as reported by the country's state media on Wednesday.

Groups: US Ad firm used by ISPs spies on users
A targeted advertising vendor being used by several US broadband providers hijacks browsers, spies on users and employs man-in-the-middle attacks, according to a report released Wednesday by two advocacy groups.

Data thieves get focused (but buyers get sloppy)
When it comes to online data theft, credit card numbers and bank account data are so 2007.

Carriers look to next U.S. administration on Net neutrality issue
The major U.S. telecommunications carriers aren't sure what to expect from the next presidential administration, but at least one is hoping for a resolution of the Comcast net neutrality issue before President George Bush leaves office.

Flickr founders leave Yahoo
The high-profile departures at Yahoo continue with the news that Flickr founders Caterina Fake and Stewart Butterfield are leaving.

Assessing the long term survival of social networking sites
Recent reporting on funding received by business social networking site LinkedIn has speculated that the site is worth just over US$1 billion, based on a 5% stake that several equity firms recently took for US$53 million. The equity firms would be looking to recoup significant returns on their investments, so their internal valuation of the site would be much higher than the current billion dollar valuation.

LinkedIn valued at $1 billion
LinkedIn, the social-networking site for career advancement and professional interactions, closed a funding round that values it at US$1 billion, something the company considers a validation to its particular approach to this market.

posted by admin on Jun 19

Carriers look to next U.S. administration on Net neutrality issue
The major U.S. telecommunications carriers aren't sure what to expect from the next presidential administration, but at least one is hoping for a resolution of the Comcast net neutrality issue before President George Bush leaves office.

posted by admin on Jun 19

Electrical contractor to pay $3.3 million for E-Rate fraud
An electrical contractor based in Fresno, California, has pleaded guilty and agree to pay US$3.3 million in fines and restitution for rigging bids on a U.S. government program designed to help schools and libraries in poor areas connect to the Internet, the U.S. Department of Justice said.

Flickr founders leave Yahoo
The high-profile departures at Yahoo continue with the news that Flickr founders Caterina Fake and Stewart Butterfield are leaving.

UltraDNS adds load balancing service
UltraDNS, a managed DNS service provider owned by NeuStar, is offering a load balancing service aimed at e-retailers and other enterprises looking to improve the performance and reliability of their DNS resolutions.

TechnologyOne slams NSW Govt department over lack of tender process
TechnologyOne’s (ASX: TNE) chief has criticised the NSW Department of Education for not allowing local technology companies to even bid for the department’s latest $115 million ICT contract.

Data thieves get focused (but buyers get sloppy)
When it comes to online data theft, credit card numbers and bank account data are so 2007.

LinkedIn valued at $1 billion
LinkedIn, the social-networking site for career advancement and professional interactions, closed a funding round that values it at US$1 billion, something the company considers a validation to its particular approach to this market.

Study: Companies need better enterprise search
A survey of 500 businesses concluded that 69 per cent of companies have less than half of their data discoverable by enterprise search tools. Such tools can help end-users find files, data and other content in enterprise systems, applications, and document repositories.