Archive for March, 2010

Netflix CFO Barry McCarthy Joining Chegg Board of Directors

Amit Chowdhry | March 17, 2010 | 1,558 views | Add a Comment
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Netflix, Inc. (NASDAQ:NFLX) Chief Financial Officer Barry McCarthy will join the board of directors of Chegg Inc.  Chegg is a Santa Clara, California based company where people can rent textbooks.  There is about 4.2 million textbooks in their collection. [San Francisco Business Times]

MetroGames Receives $5 Million From Playdom

Amit Chowdhry | March 17, 2010 | 836 views | Add a Comment
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MetroGames is a social gaming company in Argentina that has just raised $5 million in Series A funding from Playdom.  The funding will be used to expand the development of games.

MetroGames has about 30 games in their network.  Playdom CEO John Pleasants will be joining the MetroGames board of directors as part of the deal.  Playdom has about $43 million in funding at a $260 million valuation. [TechCrunch]

Saab Moving Headquarters To Royal Oak, Michigan

Amit Chowdhry | March 17, 2010 | 1,197 views | Add a Comment
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Saab is moving their new headquarters to Royal Oak, Michigan – a suburb of Detroit.  Saab is now property of Spyker but they are not too far from General Motors.  In the next four years Saab plans to hire about 160 people.  Currently they employ about 60 people.  Saab was given tax incentives from government agencies.  [egmCarTech]

Canon Wants The .canon Domain Name

Amit Chowdhry | March 17, 2010 | 920 views | Add a Comment
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Canon is the world’s first company to apply for a generic top-level domain: .canon.  It is acquiring the rights from ICANN.  The evaluation fee for a new gTLD is at about $185,000.  Good thing that Canon has tons of money. [CrunchGear]

YouTube Sends Out Invitation To Musicians For Partner Programs

Amit Chowdhry | March 17, 2010 | 547 views | Add a Comment
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YouTube has sent out an invitation to musicians for a partnership program called Musicians Wanted.  If you’re a YouTube musician, check out the partnership page.  Some of the perks include revenue sharing, branded channels, HD videos with 16:9 aspect ratio, and secured streaming. [Mashable]

Motorola CLIQ XT Hits T-Mobile For $129.99

Amit Chowdhry | March 17, 2010 | 939 views | Add a Comment
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The Motorola CLIQ XT is going to be available on T-Mobile for $129.99 with a 2 year contract.  The XT runs on Android, has a 5 megapixel camera, uses MOTOBLUR touch screen with on-screen keyboard, and has a proximity sensor. [T-Mobile PR via Engadget]

Microsoft Loses $106 Million Patent Case Against VirnetX

Amit Chowdhry | March 17, 2010 | 525 views | Add a Comment
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Microsoft Corporation (NASDAQ:MSFT) has lost a $106 million patent case against VirnetX Holding Corporation (AMEX:VHC).  The case is related to two VirnetX patents on automatic and secure virtual private networks (VPN).  

“Our clients are very happy with today’s verdict,” stated VirnetX counsel Douglas Cawley. “We hope this decision sends a clear message to patent infringers everywhere that they will be held responsible for wrongly profiting off the hard work of others.”

Microsoft legal spokesman Kevin Kutz left the following statement regarding the lawsuit:

“We are disappointed by the jury’s verdict. We respect others’ intellectual property, and we believe the evidence demonstrated that we do not infringe and the patents are invalid. We believe the award of damages is legally and factually unsupported, so we will ask the court to overturn the verdict.” [SeattlePi]

General Motors R&D Is Building Augmented Reality Systems

Amit Chowdhry | March 17, 2010 | 1,326 views | Add a Comment
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The research and development labs at General Motors is working with several universities for building augmented reality systems.  The enhanced vision system embedded in future cars would allow motorists to drive in difficult situations. Although the technology is in research phase, the system is expected to hit the market by about 2016-2018.  “We’re still doing a lot of research around the cognitive effects of this kind of display,” stated GM Group Lab Manager Thomas Seder in an interview with The New York Times. “We have to display the enhanced vision system to augment the information for the driver and not distract them.” [NYT]

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