August Capital

Today in Tech

November 17, 2010: 4:25 AM ET

Every day, the Fortune staff spends hours poring over tech stories, posts, and reviews from all over the Web to keep tabs on the companies that matter. We've assembled the day's most newsworthy bits below.

"Who wouldn't aspire to be Google? But we're not a Google, we're Yahoo."
-- Carol Bartz, Yahoo CEO. (Third Age)

  • Bartz took to the stage at the Web 2.0 Summit in San Francisco earlier this week and revealed some interesting tidbits: she sees Facebook as competition, believes instant results regarding the company's attempted turnaround is unfair, and defined the Yahoo brand as standing for "content, communications, media, technology (and) innovation." (Third Age and cnet)
  • At Microsoft's annual shareholders meeting, Steve Ballmer responded to a question from a frustrated shareholder about whether the company should break up. Said Ballmer: "I don't think it would be useful. I think it creates economic dis-synergies, in fact. ... Our Office business doesn't fit neatly, it's not a consumer business only, or an enterprise business only."
  • Alternative payments service PayNearMe, geared towards the 60 million or so Americans lacking bank accounts or credit/debit cards, raised $16 million from Khosla Ventures, August Capital, True Ventures and Maveron. (Xconomy)
  • In the latest round of Adobe and Apple's war of words, Adobe CEO Shantanu Narayen broke down the company's differences into black and white: "Anyone who wants to design for a multiplatform world is our customer. Apple would like to keep it closed and proprietary. Well, let the games begin." (CNNMoney) More
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