Tech scores in stimulus bill, Sirius XM prepares bankruptcy filing, Modu stages modular phone launch
Here’s the latest action:
Tech industry scores funding in stimulus package – Infrastructure spending includes $7 billion for expanding high-speed internet access, some $20 billion for building a so-called smart grid power network and $20 billion for digitizing health records. The New York Times has more.
Sirius XM prepares bankruptcy filing – Regulators approved the merger of the two satellite radio companies to avoid this from happening. But the combined company is planning a bankruptcy filing anyway. Echostar has made a bid to buy Sirius XM.
Marvel to sell “motion comics” through iTunes – The comic book king wants to jumpstart digital comics with interactive content.
Red Hat’s state of the union – Open-source group sends letter to Obama on how to use tech to increase transparency in government.
Graphics chip maker Nvidia’s sales slump 60 percent — Nvidia’s quarter, which started in November, shows that demand for computers dried up after the economic turmoil began.
Microsoft’s new enterprise search roadmap — Company plans to integrate its Fast search acquisition into Microsoft products.
Modu prepping its launch of modular phones — Phones with components that can mix and match will debut this fall. Techcrunch has more.
Salesforce.com president Steve Cakebread surfaces – Shortly after resigning from the software-as-a-service leader, Cakebread joins SaaS start-up Xactly. Business Insider has more.
Maryland to lift Facebook ban — General Assembly plans to lift ban after installing protective software.
How long will lightbulbs last? – New LED lights will last a lot longer, as many as 25,000 hours compared to 2,000.
Nokia cuts production — Company will lay off hundreds of employees as demand drops.
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About the Author, Dean Takahashi
Dean is lead writer for GamesBeat at VentureBeat. He covers video games, security, chips and a variety of other subjects. Dean previously worked at the San Jose Mercury News, the Wall Street Journal, the Red Herring, the Los Angeles Times, the Orange County Register and the Dallas Times Herald. He is the author of two books, Opening the Xbox and the Xbox 360 Uncloaked. Follow him on Twitter at @deantak, and follow VentureBeat on Twitter at @venturebeat.