Archive for August, 2010

Dell Acquires Data Storage Company 3PAR

Amit Chowdhry | August 16, 2010 | 696 views | Add a Comment
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Dell has acquired 3PAR, a data storage company for $1.15 billion in cash. This is an 86.5% premium of 3PAR’s closing share price on Friday. Dell has been pushing for their cloud capability product line in order to stay competitive with IBM and HP.

Ybrant Digital Buys Lycos For $36 Million In Cash

Amit Chowdhry | August 16, 2010 | 577 views | Add a Comment
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Lycos is a search engine that was created in 1994. Lycos specializes in search, e-mail, and web hosting. Lycos’ original founder is Michael Loren Mauldin when he was a student at Carnegie Mellon University. In May 2000, Lycos was sold for $13 billion to Terra Networks. The company has been sold again this week. Here’s how it all went down.

Like.com Gets Bought Out By Google

Amit Chowdhry | August 15, 2010 | 1,709 views | 1 Comment
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In 2005, Google almost acquired Riya.com, a consumer-oriented image recognition company. Riya had the ability to recognize clothes, watches, earrings, etc. from an image and show you similar items through online retail channels. Google decided to walk away from Riya. Riya re-emerged as a company called Like.com shortly after.

Facebook Acquires Technology Platform Company Chai Labs

Amit Chowdhry | August 15, 2010 | 2,276 views | 1 Comment
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Facebook has acquired Chai Labs, a technology platform company where publishers can easily create search-friendly websites. Chai Labs customers include NBC Local, Associated Content, and Travel Ad Network. The acquisition price is rumored to be about $10 million.

Apple Manager Paul Shin Devine Arrested For Accepting Kickbacks

Amit Chowdhry | August 15, 2010 | 4,763 views | 2 Comments
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Paul Shin Devine was a midlevel manager for Apple Inc. (NASDAQ:AAPL) that was arrested on Friday for accepting $1 million in kickbacks. Devine took the kickbacks from about half a dozen Asian iPhone and iPod supplier companies. Devine was arrested as part of a federal indictment unsealed and a separate civil lawsuit according to Mercury News.

Google Hires Jared Cohen To Build Google Ideas Division

Amit Chowdhry | August 15, 2010 | 2,347 views | Add a Comment
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Google Inc. (NASDAQ:GOOG) has hired Jared Cohen. Cohen is a member of the Secretary of State’s Policy Planning Staff, hired by Condoleezza Rice. Cohen focuses on counter-terrorism in his work and works under Hillary Clinton.

During the post-election Iran protests in 2009, Cohen reached out to Twitter co-founder Jack Dorsey to reschedule their planned maintenance so that Iranians could continue to tweet.

Cohen is going to be building a division at Google called Google Ideas. Essentially Google Ideas will be a think tank within the company’s New York office.

[Fortune]

Indian Government To Monitor BlackBerry Messaging

Amit Chowdhry | August 13, 2010 | 712 views | Add a Comment
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Research In Motion Limited (NASDAQ:RIMM) said that they plan to meet an August 31 deadline for the Indian government. The Indian government will be able to monitor corporate e-mail and messenger services. The Indian government had a concern with terrorists using BlackBerry devices to communicate with each other using corporate e-mail and messenger services.

Gabi Gregg Hired As First MTV Twitter Jockey

Amit Chowdhry | August 13, 2010 | 814 views | Add a Comment
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Gabi Gregg (@gabifresh) has been hired as the first MTV Twitter Jockey (TJ). The announcement was made earlier this week. Gregg is from Detroit and was one of the 20 contestants chosen by MTV through a partnership with American Express’ ZYNC. Gregg will earn $100,000 as an MTV TJ. Gregg will now run the @MTVTJ account.

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