A curated selection of the day's most newsworthy tech stories from all over the Web.
"Chrome OS will be killed next year (or "merged" with Android). ... Chrome OS has no purpose that isn't better served by Android (perhaps with a few mods to support a non-touch display)." -- Gmail creator Paul Buchheit (Boy Genius Report and TechCrunch)
Unfortunately, Yahoo finally made good on all those layoff rumors by cutting roughly 600 jobs, or 4% of its overall workforce, yesterday. The company didn't specify which departments the cuts came from, but earlier reports speculated it would focus on the products division. Said Yahoo in an email statement: "personnel changes are part of our ongoing strategy to best position Yahoo! for revenue growth." According to one insider, the product management team was moved to India, and layoffs focused on employees who had been with the company for less than a year. Severance will reportedly include up to three months of pay plus an unspecified bonus. (CNNMoney and Business Insider)
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.
"I remember him [Larry Ellison] very distinctly telling me one time: Bruce, we can't be successful unless we lie to customers. ... All the things that you would read in books of somebody being a leader, MOREJP Mangalindan, Writer - Dec 2, 2010 6:00 AM ET
A round-up of the companies, deals, and trends that made headlines.
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.In light of reports that private equity players approached AOL and News Corp. to make unsolicited bids for Yahoo, the Internet company has asked Goldman Sachs to MORE JP Mangalindan, Writer - Oct 15, 2010 8:23 AM ET
Google today announced the release of VP8, a new video codec that it envisions will pave the way for the future of video on the Web.
While it wasn't mentioned once during the keynote, VP8 takes dead aim at MPEG LA's H.264 codec, which has the backing of industry heavyweights like Apple and Microsoft (who are both members of MPEG LA).
VP8 technology stems from Google's purchase of On2 Technologies last year. MORESeth Weintraub - May 19, 2010 3:03 PM ET
By Michal Lev-Ram
MOUNTAIN VIEW, Calif. - If Google's new Chrome Web browser succeeds, going online will be an all-Google experience.
"The Web has evolved pretty dramatically, but the underlying browser architecture is still very similar to the original Netscape browser," Sundar Pichai, Google's vice president of product management, said at a press conference Tuesday at the company's Silicon Valley headquarters.
Google (GOOG) says Chrome was designed to be "streamlined and simple." The MOREMichal Lev-Ram, writer - Sep 2, 2008 1:39 PM ET
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|The medical marijuana ad that never aired, despite contrary media headlines|
|2 million students missing out on college aid|
|Boeing reports wing cracks on Dreamliners|
|Everything must go: There's a flood of store closings|