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5:20 PM ET, October 25, 2007

Techmeme

 Top Items: 
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.
RELATED:
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 …
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.
Erick Schonfeld / TechCrunch:
Facebook Taps Into Hedge Funds For $500 Million More?
Michael Arrington / TechCrunch:
Perspective: Facebook Is Now 5th Most Valuable U.S. Internet Company
PR Newswire:
Microsoft Reports 27% Revenue Growth; Fastest First Quarter Since 1999  —  Broad-based strength drives operating income and EPS growth each in excess of 25%  —  Microsoft Corp. today announced revenue of $13.76 billion for the quarter ended September 30, 2007, a 27% increase over the same period of the prior year.
Wsus / WSUS Product Team Blog:
WDS revision update, expanded applicability rules, auto-approve revisions  —  Some customers have reported that update package for KB917013 was being deployed to WSUS clients without having approved the update for installation on their WSUS servers.  The original update release …
Discussion: Computerworld, BetaNews and Neowin.net
RELATED:
Mike Masnick / Techdirt:
An Open Letter To Jeff Bezos: Please Stop Pissing Off People Over Amazon Prime  —  from the pretty-pretty-pretty-please dept  —  Back in May, we tried to alert you to a serious customer service problem that your company is facing concerning the way you are marketing Amazon Prime.
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 …
Discussion: WebProNews and Alt Search Engines
RELATED:
Larry Dignan / Between the Lines:
Comcast feeling the heat from competition  —  Comcast added fewer Internet and video customers than expected in its third quarter.  —  The cable giant on Thursday reported net income of $560 million, or 18 cents a share, on revenue of $7.78 billion.  Those results were in line with estimates …
RELATED:
Investor Relations:
CNET Networks Announces Sale of Webshots to American Greetings  —  CNET Networks, Inc. (NASDAQ:CNET), a leading interactive media company, today announced the sale of its Webshots business to American Greetings, effective immediately, for approximately $45 million in cash.
Discussion: TechCrunch and CenterNetworks
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.
Blake Robinson / TechCrunch:
Patent Monkey Joins Deadpool, Only To Rise Again as Patents.com  —  Someone just shot the monkey.  Patent Monkey, a Web-based patent database, is closing up shop and selling its assets to domain-name holding company Internet Real Estate Group (IREG) and Monster Venture Partners (MVP).
Larry Dignan / Between the Lines:
Vonage settles patent flap with Verizon  —  There are a whole lotta lawsuits being settled at Vonage.  This time Vonage is settling with Verizon.  —  The news, announced Thursday, comes just a few weeks after Vonage settled with Sprint.  —  Vonage's settlement has a few conditions depending on how a U.S. Court of Appeal rules.
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 …
Frank Ahrens / Washington Post:
Apple in a Fight for Rights to TV Shows  —  Apple's Steve Jobs helped save a sinking music industry, with his iPod and iTunes digital music store.  Struggling record labels swallowed hard and accepted his 99-cents-per-song pricing because they had little choice.
Discussion: TECH.BLORGE.com and iLounge
Computerworld:
In Depth: Apple's Leopard leaps to new heights  —  A refined look, revamped apps and new options build on an already solid OS foundation  —  It's been two years, five months and 26 days since Apple Inc. last released a new operating system — the longest gap between releases since the company first released Mac OS X six years ago.
Discussion: Infinite Loop and Macworld
Larry Dignan / Between the Lines:
BEA: We're worth $21 a share  —  BEA Systems' board of directors says it will negotiate with Oracle-or other third parties-with opening bids at $21 a share, $4 a share higher than Oracle's current offer.  —  For those keeping score at home.  Oracle made its offer Oct. 9 and the two have been volleying letters ever since.
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 More Items: 
Doug Aamoth / CrunchGear:
LAPTOP Magazine reviews then new Asus Eee PC 701
Discussion: jkOnTheRun
Mitch Wagner / InformationWeek:
Google Maps And Twitter Are Essential Information Resources For California Fires
Discussion: DSLreports and Portfolio.com
Ben Worthen / WSJ.com:
Is Google Causing Microsoft to Drop its Prices?
Stefanie Olsen / CNET News.com:
Google's Cerf: Deep space Web decades out
Martin LaMonica / CNET News.com:
Adobe Creative Suite 3 sales 'on fire'
Discussion: Macsimum News
Lawrence G. Roberts / Internet Evolution:
Routing Economics Threaten the Internet
Discussion: DSLreports, WinBeta and FierceVoIP
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
 Earlier Items: 
Guardian:
Google Earth used to target Israel
Bill Ray / The Register:
How many $$$s does Apple make from an iPhone?
Discussion: Bits
Andy Beal / Andy Beal's Marketing Pilgrim:
Why Microsoft Needed Facebook & Google Didn't
Discussion: InsideMicrosoft
Thomas Ricker / Engadget:
Wal-Mart now selling Toshiba's A2 HD DVD player for $198?
Discussion: CyberNet, CrunchGear and BetaNews
Chris Soghoian / CNET News.com:
Congressman to Comcast: Stop interfering with BitTorrent
BBC:
Virtual worlds threaten 'values'
Discussion: Wonderland
Robert Scoble / Scobleizer:
Reports of PodTech's demise are bull####
Mark Hendrickson / TechCrunch:
Friendster Announces Developer Platform; Can You Say "Commodity"?
 

 
From Mediagazer:

Chris Thompson / Defector:
Vice leadership failed to act as responsible stewards of a good product, and instead paid themselves lavish salaries and burned through hundreds of millions

Sara Fischer / Axios:
NPR affiliate WAMU is shutting down local news site Dcist and laying off 15 employees to focus on audio and plans to add 10 new positions

Brian Steinberg / Variety:
WBD reports Q4 revenue down 7% YoY to $10.3B, adjusted EBITDA down 5% YoY to $2.5B, 97.7M global streaming subscribers, and a $103M streaming profit for 2023

 
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