The tale of Hammerhead Systems — A Cisco competitor, it got as far as inking deals with major telecommunications companies during its seven-year run, but now it’s closing up shop. It had received more than $110 million in funding and promised superior routing technology. The San Jose Mercury News has a closer look at what went right and wrong.
MySpace to offer Windows Mobile application — And it’s also going to support Microsoft’s Silverlight developer framework on its developer platform.
Associated Content gets new chief executive — Patrick Keane, a former CBS Interactive and Google executive is joining the pay-per-article aggregator. PaidContent has more.
Report says YouTube will separate premium videos from user-generated content — That’s according to what sources tell ClickZ, details here.
Teen virtual world Habbo made $74 million last year — Off of virtual goods and advertising, according to TechCrunch. That’s not a record for monetizing virtual goods (see China’s Tencent), but it’s not bad.
Microsoft settles lawsuit with GPS car navigation maker TomTom — More on Techmeme.
[Hammerhead photo via The San Jose Mercury News.]