Roundup: Twitter attack mania, Apple tablet rumor update, down rounds beat up rounds in Q2
Nortel’s CEO will leave – Mike Zafirovski has been criticized for not doing enough and not doing it fast enough, to save the maker of aging CDMA mobile network technology from bankruptcy and to strip it down to a lean, mean machine with a future. The Wall Street Journal has the best summary.
Down rounds officially outnumber up rounds — Down rounds, in which a company gets money by agreeing to be valued lower by new investors… Continue Reading
Roundup: FriendFinder sued for risky business, Digg toolbar sighted, Nokia looks to laptops and more
Here’s the latest action:
Pirate Bay takes fascist funds — The large bittorrent tracker’s major financier, Carl Lundstrom, has been connected with neo-nazi groups and political parties.
Nortel lays off 3,200 more — The telecom company will cut its global workforce by 10 percent over the next several months as it tries to bounce back from bankruptcy.
FriendFinder called out for risky business — The adult web site’s former human resources director is suing over scandalous behavior and violation of labor… Continue Reading
Nortel files for bankruptcy protection — who’s next?
One of the most popular year-end features on the blogosphere were lists of which companies would go out of business in 2009. It’s early, but we already have our first victim.
Nortel, the telecommunications equipment giant, filed for bankruptcy protection today. It could come out of this just fine, but it won’t have an easy road. AOL’s money and finance section saw this one coming way down the road.
Others on the lists (like Chris O’Brien’s from… Continue Reading
Trapeze acquires Newbury for wireless location pinpointing
Trapeze Networks, a Pleasanton, Calif.-based provider of wireless network equipment and management systems, announced that it has bought Newbury Networks, a firm that specializes in wireless asset tracking. Trapeze hopes the acquisition will help it expand its product portfolio.
Newbury, headquarted in Pasadena, Calif., will remain an independent entity within Trapeze and retain all 16 of its employees. In the past, it has helped manage the transport of health care equipment, as well as supply chain… Continue Reading
Roundup: Palin’s email hacked, Google and G.E. team up, stocks take a dive
Wall Street’s crisis deepens — Panic in financial markets spread as Dow drops 4 percent, or 449 points. investors cash out of Goldman Sachs and Morgan Stanley. [photo: SFGate.com]
Carnage among tech stocks — Which of your favorites took a beating today?
Google and General Electric team up on clean energy – At Google’s Zeitgeist conference, the big companies push for policies to modernize the electrical grid and tap renewable sources such as wind, solar and geothermal.
Also from Google… Continue Reading