Slowdown hits venture industry worldwide in first quarter — The venture capital industry sank 50 percent in the U.S., but the drop was mirrored in places such as Europe, Israel, China and India. Overseas, venture-backed companies raised $1.87 billion in 250 deals, compared with $3.65 billion in 430 deals a year ago, according to VentureSource. The first-quarter numbers also were down significantly from the fourth quarter of 2008, when investors committed $2.88 billion to 415 deals, due to the economic turmoil.
Cisco says it sees a rebound — Net income in the latest quarter dropped 24 percent and sales are off 17 percent, but the networking giant’s CEO John Chambers says sales are stabilizing.
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Facebook integration comes to Digg — It’s not everything we’ve heard, but it seems pretty slick so far.
Fear of flying? — Oh joy. Hackers have been able to penetrate the air traffic control system, according to a government report.
Consumers are dropping landlines — Now 20 percent of consumers have cell phones only, more than those who have landlines only.
An Android netbook from Dell — Hey, pssst. Guess what? Dell published that press in error. No telling exactly what it will announce yet.
No earn-out for Club Penguin founders in 2008 — Disney bought Club Penguin for $350 million in cash, plus $350 million more if targets were met. But it looks like the targets haven’t been met yet.
Intel and Novell promote Moblin — In an effort to get netbooks off the ground, the two companies are supporting a gadget-focused version of Linux.
Virgin Media trials 200 megabit-per-second broadband service with English residents — What will they do with that speed? Don’t say watch porn.
Twitter crowns bit.ly as king of short links — Those short little links in Twitter messages will no longer default to TinyURL. This is about metrics.
News Corp has terrible quarter — But at least it says the worst is over. Looks like its MySpace division is losing money though.
Remember SCO? — Dying Unix vendor is fighting liquidation demands in bankruptcy court.
A 40-watt LED light bulb coming? — LED lights are seeking to replace common light bulbs. Will they get over the cost barrier?
Wi-Fi in the air isn’t taking off — So far, consumers aren’t jumping at the chance to surf while flying.
Bill seeks to overturn online-gambling ban — Goal is to reap $48 billion in tax money and regulate gambling online.