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2:45 PM ET, October 25, 2007

Techmeme

 Top Items: 
Steve / The Secret Diary of Steve Jobs:
Oh snap!  Faceberg raises another $500 million  —  Word up.  Hot on the heels of the big investment by the Borg only a few hours ago, Facebook has now landed another $500 million from two hedge funds in New York.  At the same $15 billion valuation.  It is on, people.
RELATED:
MEETblog:
Facebook Rumors: Making Friends with More investors  —  Two hedge funds from New York have apparently jumped into the Facebook deal.We've got our ear to the ground to figure out who it is but each put in about $250 million—for $500 million total—at the same valuation as Microsoft Corp.
Peter Kafka / Silicon Alley Insider:
Facebook Raises Another $500 Milion  —  Forbes' Elizabeth Corcoran, reporting from the magazine's MEET Conference in L.A., says Facebook raised another $500 million yesterday in addition to Microsoft's $240 million.  The money is supposed to have come from two NYC-based hedge funds …
RELATED:
Michael Arrington / TechCrunch:
Perspective: Facebook Is Now 5th Most Valuable U.S. Internet Company  —  Yesterday came news that Microsoft invested $240 million into Facebook, valuing the company at $15 billion.  —  How much is $15 billion?  It's hard to understand how much money that really is.
RELATED:
Nick / Rough Type:
The "$15 billion" nonsense  —  So Microsoft, under fierce pressure, cuts a complicated deal with Facebook that, among other things, grants the software giant expanded rights to serve ads on the fast-growing social network and requires it to inject $240 million into Facebook's cash-strapped coffers …
Discussion: Profy.Com and CNNMoney.com
Matt Asay / The Open Road:
Microsoft on Facebook: The internal memo from Kevin Johnson  —  Microsoft just bought a small stake in Facebook for $240 million (more than Facebook's 2006 revenues, which is interesting) on a $15 billion valuation.  Kevin Johnson, president of Microsoft's Platform and Services Division …
RELATED:
Sue Polinsky / Download Squad:
At the Top of Google  —  I haven't met two small business owners in a meeting where one doesn't ask how to get his or her site to the top of the Google search results list.  There are transparent reasons for wanting to be first: you get more clicks, your business seems important …
RELATED:
Robert Scoble / Scobleizer:
Reports of PodTech's demise are bull####  —  It's amazing.  A fake blogger, Fake Steve Jobs, reports that PodTech is closing down.  This is total, 100% bull####.  Not even deserving of a response.  I'm not leaving PodTech.  When, er if, I am you'll read it here on my blog.
Discussion: Valleywag, WebProNews and Mashable!
RELATED:
Dan Goodin / The Register:
More gnashing of teeth after Microsoft update brings PCs to a standstill  —  Resource-hogging search app sprung on reluctant admins  —  Something seems to have gone horribly wrong in an untold number of IT departments on Wednesday after Microsoft installed a resource-hogging search application …
Stuart Elliott / New York Times:
Yahoo Executive Joins Nintendo  —  Nintendo of America is underlining its commitment to trying to broaden the market for video games beyond the traditional younger, male player by hiring a sales and marketing chief with extensive experience with mainstream brands.
Business Wire:
BEA Board Sets $21.00 Per Share Value Position  —  SAN JOSE, Calif.—(BUSINESS WIRE)—The Board of Directors of BEA Systems (NASDAQ: BEAS - News) today issued the following statement:  —  "We continue to believe that Oracle's unsolicited proposal to acquire BEA at $17.00 per share significantly …
Discussion: Tech Trader Daily
RELATED:
Larry Dignan / Between the Lines:
BEA: We're worth $21 a share
Discussion: The Register, eWEEK.com and Valleywag
Bill Ray / The Register:
How many $$$s does Apple make from an iPhone?  —  Apple's figures came out on Tuesday, revealing that all is going well in Cupertino, but analysts crawling over the details are trying to work out if they reveal anything else besides - such as the revenue cut Apple is getting from every iPhone in use.
Discussion: Bits
Paul Stokes / Telegraph:
Oink founder: We're just like Google  —  An IT consultant suspected of operating one of the world's biggest pirate music websites from a Middlesbrough bedsit said he had done nothing wrong.  —  Alan Ellis, 24, was arrested on Tuesday as part of an Interpol-led operation to shut …
Lawrence G. Roberts / Internet Evolution:
Routing Economics Threaten the Internet  —  The Internet has some major problems.  The big one involves the cost of supporting the amount of content and services being supplied over the Internet infrastructure.  And if it's not fixed soon, the expansion of Internet traffic could outrun our ability to pay for it.
Discussion: DSLreports, FierceVoIP and Slashdot
 
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 More Items: 
Darren Murph / Engadget:
Psion Teklogix launches rugged iKon PDA phone
InfoWorld:
NEC launches fastest vector supercomputer
Discussion: Engadget
Reuters:
REFILE-SanDisk sues 25 companies to enforce patents
Martin LaMonica / CNET News.com:
Adobe Creative Suite 3 sales 'on fire'
Discussion: Macsimum News
Ryan Naraine / Ryan Naraine's Zero Day:
Trend Micro makes DLP move, Symantec stands pat
Staska / Unwired View:
APPLE'S TOUCH SURFACE KEYBOARD WITH TACTILE FEEDBACK
Discussion: Engadget and Gizmodo
Guardian:
Google Earth used to target Israel
Andy Beal / Andy Beal's Marketing Pilgrim:
Why Microsoft Needed Facebook & Google Didn't
 Earlier Items: 
Thomas Ricker / Engadget:
Wal-Mart now selling Toshiba's A2 HD DVD player for $198?
Discussion: CrunchGear
Comcast:
Comcast Reports Third Quarter 2007 Results
Chris Soghoian / CNET News.com:
Congressman to Comcast: Stop interfering with BitTorrent
Associated Press:
Yahoo Chairman Semel exercises options
Richard Waters / MSNBC:
Google bullish on advertising system
BBC:
Virtual worlds threaten 'values'
Discussion: Wonderland
Wagner James Au / GigaOM:
Lord Of The Rings Online: MMORPG Meets Web 2.0
Discussion: Xconomy and Wonderland
Mark Hendrickson / TechCrunch:
Friendster Announces Developer Platform; Can You Say "Commodity"?