Archive for October 26th, 2007
Google beat out its competitors on the DoubleClick acquisition, but Microsoft 
has an investment of its own to brag about this week: a 1.6 percent equity stake in Facebook valued at $240 million.On Wednesday, the veteran software giant and the Web 2.0 darling expanded their advertising partnership in a deal that marked Facebook’s valuation at $15 billion. Microsoft’s investment makes it Facebook’s exclusive third-party advertising partner . Microsoft will sell advertising for Facebook internationally, as well as in the U.S.
According to Kevin Johnson, president of the Platforms and Services Division at Microsoft, making the Facebook investment and expanding the partnership will position both companies for new advertising opportunities around the world. He called it a “great win” for both companies and their users.
October 26th, 2007
On Tuesday, Cisco announced plans to acquire Navini Networks, a Mobile WiMax company, for $330 million. WiMax, a long-range wireless technology, is gaining industry momentum, with Intel planning to offer chips based on the technology next year and U.S. service providers Clearwire and Sprint Nextel adopting WiMax.”Around the world, broadband wireless networks based upon WiMax have the potential to add millions of new Internet users who cannot be reached economically using copper or fiber infrastructures,” said Brett Galloway, vice president and general manager of Cisco’s Wireless Networking Business Unit, in a statement.
WiMax networks, he added, will help drive the transition to open IP-based broadband wireless architectures and accelerate the rollout of new applications and services.
Click here to read the rest of this story on TopTechNews.
October 26th, 2007
SanDisk Corporation, one of the largest suppliers of flash data storage card products, filed three patent-infringement actions against 25 companies on Wednesday.All 25 companies manufacture, sell, and import USB flash drives, cards, media players, or other removable flash-storage products. Most of the defendants are little-known Asian companies, but some are recognizable brands, including LG, Kingston, and Silicon Motion.
SanDisk filed the suits in the in U.S. District Court in the Western District of Wisconsin and at the U.S. International Trade Commission (ITC), alleging that the defendants have infringed various SanDisk system-level patents.
SanDisk is seeking damages and a permanent injunction in the federal court actions, as well as a permanent exclusion order from the ITC banning importation of the products into the United States.
Click here to read the rest of this story on NewsFactor.
October 26th, 2007
