Facebook has reportedly raised another $500 million to go with the $240 million infusion from Microsoft.Not bad for a day's work.
Between the Lines
Larry Dignan and other IT industry experts, blogging at the intersection of business and technology, deliver daily news and analysis on vital enterprise trends.
Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic.
Rachel King is a staff writer for ZDNet based in San Francisco.
Zack Whittaker writes for ZDNet, CNET, and CBS News. He is based in New York City.
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.
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.
VMware's first quarter as a public company was a humdinger, but the real battle in the virtualization market is just getting started. Over the next year or so the virtualization landscape is going to become a lot more interesting.
Notable headlines:Larry Dignan: Microsoft's $240 million says Facebook no fad after all. Mary Jo Foley: Are you surprised?
While Microsoft was inking its deal with Facebook, Google co-founder and President of technology was facing 300 analysts and press at the Google Analyst Day. He was asked a question if Google's lack of a leading social network was an issue.
Internet pioneer and Google Vint Cerf was first up for the afternoon part of Google's Analyst Day. Cerf gave out some Internet stats, as a context for the world in which Google lives and CEO Eric Schmidt and co-founders Sergey Brin and Larry Page run the business:1.
Updated: Guess Facebook isn't a fad after all. And Microsoft CEO Steve Ballmer put up $240 million to prove it.
VMware's first quarter as a public company was an impressive one.The company on Wednesday reported third quarter earnings of $65 million, or 18 cents a share, on revenue of $358 million.
During the Google Analyst Day, Tim Armstrong, president of commerce and advertising for North America, was asked how the MySpace ad deal was going and whether he could share any information about a relationship with Facebook (at this time there are some reports that Microsoft has won the deal to serve ads for Facebook outside the U.S.