Eric Schmidt: “Hopefully We Won’t Repeat The Mistakes Microsoft Made” [Video]

Amit Chowdhry | Friday November 6, 2009 | Comments
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Recently Google CEO Eric Schmidt went on Fox Business News to do an interview about why the search engine company is going on a hiring spree again. Interviewer Neil Cavuto and Schmidt had a general converation about mobile devices and the economy too. Cavuto pointed out that Google is “taking over the world” and some people are starting to fear the company. Cavuto pointed out that this same thing happened to Microsoft. “Hopefully we won’t repeat the mistakes that Microsoft made 10 years ago that ultimately led to all these things that happened to them,” said Schmidt in the interview.

Skype Lawsuit Gets Resolved, Index Ventures Booted Out Of Sale

Amit Chowdhry | Friday November 6, 2009 | Comments
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As you may remember, two months ago eBay was planning to spin Skype into an independent company. The buyers who would take control of Skype from eBay included Marc Andreessen, Ben Horowitz, the Canada Pension Plan Investment Board, Index Ventures, and Silver Lake. However the founders of Skype interrupted the sale by claiming intellectual property infringement on the VoIP technology. The original founders of Skype started a company called Joltid. And Joltid said that they were suing eBay.

The lawsuit has now been settled. eBay will be selling a majority ownership of Skype to the aforementioned investors for $2 billion. Joltid will be licensing the technology to the new Skype buyers. Skype founders Niklas Zennstrom and Janus Friis will get 14% ownership in Skype as a result. Both Friis and Zennstrom will also make a “significant’ investment in Skype too. eBay will retain 30% in Skype and the rest of the investor group will get 56%.

Friis and Zennstrom also filed a lawsuit back in September against former Joost CEO Mike Volpi. Friis and Zennstrom founded Joost several years ago and sued Volpi because of breach of fiduciary duty. Volpi is currently a partner with Index Ventures which is one of the companies buying Skype. As a result, Index Ventures is no longer one of the buyers in Skype. The acquisition is expected to close by the end of this year.

Modern Warfare 2 Full Length Trailer Will Blow Your Mind [Video]

Amit Chowdhry | Thursday November 5, 2009 | Comments
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Wow. This is hands down one of the best game trailers I’ve seen. I just had to share it. Call of Duty: Modern Warfare 2 will be released on November 10.

Taylor Swift To Host SNL, Start The Kanye Jokes [Video]

Amit Chowdhry | Thursday November 5, 2009 | Comments
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When Kanye West interrupted Taylor Swift during the MTV VMAs, it became a viral hit on the Internet. Now that Taylor Swift is hosting SNL, the slapstick comedy show wants to capitalize on the viral buzz. Kanye was called a jackass by President Barack Obama and was made fun of in countless parodies. “Imma let you finish but Beyonce has the greatest video of all time.” Above is a preview video of what can be expected.

Facebook Movie Becomes A Buzzkill For John Hopkins Students [Screenshots]

Amit Chowdhry | Thursday November 5, 2009 | Comments
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Jesse Eisenberg is the actor that will be playing Mark Zuckerberg in a movie called The Social Network. The Social Network is a movie based on the founding of online social network Facebook. Facebook was founded by Zuckerberg in a dorm room when he was attending Harvard University. However the movie will not be filmed at Harvard. It will be filmed at The John Hopkins University.

“It feels degrading somehow,” stated John Hopkins student Diego Ardila while he watched movie scene workers remove the words “Latrobe Hall” from an engineering building and replace it with “Kirkland House.” The reason why Harvard would not allow The Social Network to be filmed there is because they have a policy that no commercial filming can be made on campus.

As the BaltimoreSun.com put it, John Hopkins felt like a “safety school” by the film because they could not get Harvard. Just like John Hopkins is considered a safety school for kids that also applied to Harvard. This is why many students that walked around the set made sure to wear John Hopkins shirts and hoodies hoping that it would end up being seen on the final cut of the movie.

Eisenberg recently starred in Zombieland with Woody Harrelson. The ironic part of Zombieland is that one of the lines stated by Eisenberg’s character is that one nice thing about everyone being zombies is that you no longer have to read Facebook status updates from friends.

ValleyWag posted the following screenshots of the movie set:
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Carly Fiorina Is Running For Senate

Amit Chowdhry | Thursday November 5, 2009 | Comments
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Meg Whitman isn’t the only former tech CEO running for a government position. Former HP CEO Carly Fiorina announced that she is running for a U.S. Senate seat in California. Fiorina was the CEO of HP from 1999-2005. Before working at HP as the CEO, she was an executive at AT&T. While at AT&T she helped coordinate the spin-off and IPO of Lucent. At HP, she coordinated the merger with Compaq in 2002. Fiorina most recently survived breast cancer.

Bookstore Owner Breaks Into Yelp Reviewer’s House After Negative Review

Amit Chowdhry | Thursday November 5, 2009 | Comments
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A man complained left a negative review on Yelp about a bookstore. The bookstore owner tracked the guy down on Yelp and actually broke into the person’s house. The man whose house got broken into filed a complaint to the police and updated the Yelp review. The reviewer is known as Sean C and the bookstore owner is known as Diane G.

Sean C uploaded photos on Flickr that shows Diane G negatively responding to Sean C through Yelp messages. After the screenshots were produced, a Yelp administrator decided that he or she would lend Sean a helping hand. The bookstore owner was eventually arrested and was given a restraining order against Sean C.

Cisco Sees 19% Profit Drop; Acquires Chinese DVD Top Box Company DVN

Amit Chowdhry | Wednesday November 4, 2009 | Comments
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Cisco Systems, Inc. (NASDAQ:CSCO) will be acquiring DVN (Digital Video Networks) for $44.5 million. Of that $44.5 million, $17.5 million will be paid up front and the rest of the $27 million will be paid based on sales performance. The deal is expected to close by the first half of 2010. DVN has about 160 million subscribers and the company plans to grow by another 200 million customers in the next 3-5 years. DVN will be rolled into Cisco’s International Cable Unit division.

Earlier today Cisco announced that their first quarter profit dropped 19% because of a drop in sales. However Cisco CEO John Chambers said that there are “strong sequential growth trends” as the economy is recovering. The profit posted was $1.79 billion for the quarter. This is down from $2.2 billion the year before. Cisco has recently partnered with VMware and EMC to sell data center products. Cisco plans to repurchase $10 billion worth of stock.

New Verizon Droid Commercial Is Intense

Amit Chowdhry | Wednesday November 4, 2009 | Comments
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Google and Verizon has made a new commercial for the upcoming Verizon Droid mobile phone. The new commercial features a stealth bomber dropping what looks like a bomb in different areas of the world. The commercial looks like it could be a science fiction movie. The last Verizon Droid commercial made fun of the iPhone by saying “iDon’t” followed by a feature that the Apple iPhone does not have which the Droid does have. AT&T is suing Verizon for the “there’s a map for that” theme ads.

Apple iPhone Fails To Make Profound Sales In China

Amit Chowdhry | Wednesday November 4, 2009 | Comments
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In the United States and several other countries, Apple has sold millions of iPhone devices. But in China there has not been a good number of sales whatsoever. China Unicom reportedly sold only about 5,000 iPhones in a week. Two of the biggest problems with selling the iPhone in China so far is that the price is too high and it does not come bundled with WiFi.

The iPhone costs $1,025 in China while it costs $299 in the United States with an AT&T contract. China Unicom is selling the iPhone for a price that is 26% higher than what it is selling for in Hong Kong.

“We believe that eventually China will emerge as a major market for iPhone sales, but it could take a year or two to gain meaningful unit traction as it did in the U.S.,” stated Piper Jaffray & Co. analyst Gene Munster.

Box.net Raises $7.1 Million In Funding

Amit Chowdhry | Wednesday November 4, 2009 | Comments
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Box.net is an online business collaboration company that allows companies to sync office documents. They have over 50,000 business customers that include Intel, Nike, SanDisk, T-Mobile, Oracle, etc. Given the range of clients they have, the company has raised an additional $7.1 million to enhance their business. The funding round was discovered in an SEC filing by PEHub. In total, Box.net raised $17.6 million in funding. The funding will be used to build a stronger engineering, marketing, and sales team.

APPLE OFFICIALLY SURPASSES 100,000 APPS

Amit Chowdhry | Wednesday November 4, 2009 | Comments
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Apple Inc. (NASDAQ:AAPL) has officially announced today in a press release that the App Store on iTunes has surpassed 100,000 applications. These 100,000 applications have been downloaded well over two billion times. The applications are divided up into 20 different categories which includes travel, games, finance, and medical.

“The App Store, now with over 100,000 applications available, is clearly a major differentiator for millions of iPhone and iPod touch customers around the world,” stated Apple SVP of Worldwide Product Marketin Philip Schiller. “The iPhone SDK created the first great platform for mobile applications and our customers are loving all of the amazing apps our developers are creating.”

Over the summer, the iPhone OS 3.0 was released and developers began to add push, in-app goods, MMS, copy and paste, and shake to shuffle features into their applications. Over 2 billion push notifications have already been delivered to iPhone customers.

PHONE WARS: AT&T Suing Verizon Because Of ‘Map For That’ Ads

Amit Chowdhry | Tuesday November 3, 2009 | Comments
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AT&T Inc. (NYSE:T) is suing Verizon Communications Inc. (NYSE:VZ) because of the “There’s a map for that” ads. The reason why AT&T is suing them is because of false advertising and deceptive trade practices. The Verizon “map” suggests that AT&T customers are out of touch.

AT&T said that they sent Verizon a notice asking them to stop running ads that their customers are out of touch in areas that do not have 3G services. Verizon removed the words “out of touch” from their ads and added “voice and data services outside 3G coverage areas.”

However AT&T customers still have voice and data services out of 3G areas but the data connection is slow. AT&T did not specify how much in damage they want in return and they are also asking for a restraining order from Verizon to keep running the ads.

OtherInbox Raises $2.3 Million

Amit Chowdhry | Tuesday November 3, 2009 | Comments
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Otherinbox is an e-mail organization company that is based in Austin, Texas. The company has just raised $2.3 million according to an SEC filing. Like Xobni, Otherinbox incorporates social networking features in e-mail services.

Otherinbox has about 100,000 users and is compatible with GMail, Hotmail, and Yahoo! Mail. OtherInbox’s email service can organize shipping information, payment reminders, and upcoming sales. These events are synced with your calendar too. The company launched in beta at the TechCrunch50 2008 conference.

Nintendo DSi XL Coming To America At The Beginning Of 2010

Amit Chowdhry | Tuesday November 3, 2009 | Comments
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Good news American Nintendo fans. The DSi XL will be headed your way at the beginning of 2010. The DSi XL device has a 4.2″ screen, stylus, large touch pen, and large battery (4-5 hour life on brightest setting, 13-17 hours on the low). No word on price yet.

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