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Today in Tech: MySpace layoffs, Facebook worth $50 billion?
January 3, 2011: 6:00 AM ETA curated selection of the holiday weekend's most newsworthy tech stories from all over the Web.
Cheap flat-panel maker Vizio intends to make a splash today by unveiling two notable products that marks a company first: the Via Phone with a 4-inch screen, front-facing camera for video calls, and a 5 megapixel rear cam, as well as the Via Tablet, sporting a 8-inch high-res screen, WiFi (of course), three speakers, and a front-facing cam. Both will run Android and launch this summer. (Wall Street Journal)- MySpace could reportedly lay off as many as 50%, or 550, of its staff as both a cost-cutting measure and part of a way to restructure the struggling social networking site-turned-entertainment hub. (AllThingsD)
- Meanwhile on the Facebook front, the booming social networking champ raised $500 million from Goldman Sachs and a Russian investor that puts its valuation somewhere in the ballpark of a whopping $50 billion, which would be more than eBay, Yahoo, and Time Warner are worth. Facebook also reportedly chose its new office digs: the former Sun Microsystems-Oracle campus in Menlo Park, California, which ought to provide more room than the 150,000 square-foot space the company moved into just two years ago. (New York Times and TechCrunch) More
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T-Mobile's Google phone may offer free e-mail
By Scott Moritz
Android lands at T-Mobile Tuesday, and as part of the effort to deliver the Google phone to the mobile market, T-Mobile is considering including free e-mail access.
The new Android-powered phone will have Google's (GOOG) Gmail service built in, and T-Mobile executives are considering offering access to Gmail free, without the need for a data plan, says one person close to the discussions.
The HTC-manufactured T-Mobile phone will be the first of the hotly-anticipated Android-operated handsets, and one MORE
smoritz - Sep 22, 2008 3:05 PM ETPosted in: Android, AOL, Apple, AT&T, BlackBerry, e-mail, Google, Hulu, Internet, iPhone, Microsoft, Microsoft-Yahoo, Mobile, Research in Motion, Samsung, Sidekick, Sony Ericsson, Sprint, T-Mobile, Verizon, Virgin Mobile, Vodaphone, Yahoo -
Alcatel-Lucent picks alumnus as new CEO
By Scott Moritz
Alcatel-Lucent (ALU), the struggling telecom equipment maker, on Tuesday named an old hand as its new chief executive. Former British Telecom (BT) chief Ben Verwaayen, who once ran Lucent's international sales operations, has been hired to replace CEO Pat Russo.
Alcatel-Lucent also announced that Philippe Camus, the former co-chief of Airbus parent EADS, will take over as chairman, replacing Serge Tchuruk who, along with Russo, announced his resignation earlier this summer. The news comes days after news MORE
smoritz - Sep 2, 2008 11:35 AM ET -
Nokia offers optimistic forecast
By Scott Moritz
Delivering its second-quarter earnings Thursday, Nokia (NOK) offered a glimmer of optimism in an otherwise gloomy outlook for the tech market by raising its growth forecast ever so slightly.
Fueled by roaring sales in the rapidly developing so-called BRIC regions - Brazil, Russia, India and China - Nokia adjusted its worldwide mobile phone sales target to 10% or more growth this year from a more squishy "approximately 10%" level.
Nokia MORE
smoritz - Jul 17, 2008 1:02 PM ETPosted in: Apple, AT&T, BlackBerry, Hulu, Internet, iPhone, Mobile, Motorola, Nokia, Research in Motion, Samsung, Sony Ericsson, T-Mobile, Techland, Uncategorized, Vodaphone -
Mixed wireless signals out of Google
By Stephanie Mehta
In case you missed it, today marks the deadline for submitting paperwork to the Federal Communications Commission for bidding in the upcoming 700 MHz spectrum auction. Search-engine giant Google (GOOG) says it will participate, and analysts expect competing bids from Verizon Wireless -- a joint venture of Verizon (VZ) and Vodafone (VOD) -- and AT&T (T).
Google certainly has the financial firepower to make a winning bid. (The FCC MORE
Stephanie N. Mehta, Deputy Managing Editor - Dec 3, 2007 5:07 PM ET
