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, he wasn't. But he was tenacious; he would never give up on anything."
-- Bruce Scott, Oracle co-founder (Tech Crunch and Bloomberg TV)
LivingSocial, the number two most popular local deals site (Groupon being number one) could receive a hefty investment from Amazon amounting to $150 million, raising its valuation to $1 billion-plus. (BoomTown)
The move will save the largest private school in the U.S. $400,000 in servers, licenses, administration and upkeep.
As an NYU alumnus that continues to (try to) use its online services, I have to say: What took so long?!
NYU is still using SquirrelMail, the same system that my undergraduate institution was using a decade and a half ago to deliver email.
My wife and everyone we know at NYU simply forwards their MORESeth Weintraub - Nov 1, 2010 12:57 PM ET
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