The founder of the Yahoo’s social bookmarking site Del.icio.us, Joshua Schachter has joined the rival Google. Schachter who left the company in June 2008, will resume his new job at the search engine giant Google. Though his LinkedIn profile suggests that he is a member of the technical staff of Google, his exact job description is yet to be known.
According to a report, the co-founders and top executives of Sling Media the consumer electronics company, are leaving the company. According to PaidContent, co-founders Blake and Jason Krikorian along with executives Jason Hirschhorn and Ben White are leaving the company. The report points out that the top executives of the Sling Media earlier agreed to stay on for about an year after the company’s acquisition by EchoStar for $380 million.
Santa Monica, California based site of Entertainment Corporation of America, Deca.tv, has raised $10 million the second round of funding. The round was participated by Rustic Canyon Ventures, Mayfield Fund, General Catalyst Partners and Atomico Investments. Back in September 2007, the company raised $5 million from the current investors excluding Rustic Canyon Ventures. The amount will be used to produce and distribute online video content.
Japanese company Toshiba has come up with some iPhone, Netbook alternatives at Consumer Electronics Show (CES). Currently the company is not offering Netbook for its users in the U.S. At CES, they have displayed a number of prototypes similar to iPhone. These prototypes were in both sizes i.e. small and large. The photo above displays some of these prototypes.
Seagate Technology the storage company has announced that the company will be laying off 10% work force from around the globe. Also they have announced that the CEO Bill Watkins has also resigned. Watkins has served the company for 12 years (CEO since 2004). The new CEO of the company will be the chairman, Stephen Luczo.
Company’s quarter report is expected on January 21, 2009. According to Watkins, the company had a crappy quarter. He further said:
According to Microsoft, the 2.5 million download limit on Windows 7 beta will be suspended for a couple of weeks. The latest software from the software giant was expected to be made available from Friday but due to website problems for a day, the release was delayed. The company expects millions of testers for the Windows 7 beta.
Scottsdale, Arizona based developer of foreign exchange exposure management solutions, FireApps, has raised $8.75 million in the second round of funding. Trilogy Partnership and returning backer Ignition Partners played their role by contributing $7.5 million, where as $1.25 million came from the Silicon Valley Bank. The company earlier raised $3.5 million. The amount will be used to manage the foreign currency risks.