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Wednesday, November 4, 2009

Another Way VCs Are Cashing Out Beyond IPOs and M&A

Tomio Geron

Motley Fool Holdings Inc. this week announced it raised $25 million in venture financing. Good for The Fool.

But pulling back the curtain, there’s more than just a simple round of financing here. The deal points to creative ways in which venture firms are finding liquidity other than the standard acquisitions, IPOs and secondary sales.

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Disney Plans Get a Cold Reception Online

James T. Areddy and Ellen Zhu

Walt Disney won’t make Shanghai the happiest place in the world.

That’s the early reaction from a surprising number of netizens, or Chinese Internet users, to confirmation early Wednesday that plans for Shanghai Disneyland have the green light to proceed. Of the posts streaming into tianya.cn, a major portal, early Wednesday, the negative views were solidly outweighing positive views.

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The Greatest Generation (of Networkers)

Jeffrey Zaslow

A 17-year-old boy, caught sending text messages in class, was recently sent to the vice principal’s office at Millwood High School in Halifax, Nova Scotia.

The vice principal, Steve Gallagher, told the boy he needed to focus on the teacher, not his cellphone.

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Garmin Q3 Tops Estimates; Stock Rallies, Then Falls (Updated)

Eric Savitz

Garmin this morning reported much better-than-expected Q3 results, giving an early lift to shares of the GPS device maker.

For the quarter, Garmin posted revenue of $781 million and non-GAAP EPS of $1.02 a share; the Street had expected $704 million and 69 cents. Revenue was down 10 percent year over year, but up 17 percent sequentially.

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Psychoanalyzing Twitter

Marisa Taylor

Jack Dorsey, the chairman and co-founder of the popular microblogging service Twitter, shared far more than his site’s 140-character message limit when he offered himself up to a public psychoanalysis.

As part of an exhibition at the Rubin Museum of Art in New York City, Mr. Dorsey subjected himself to a Jungian analyst.

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Peek’s Twitter-Only Device Goes on Sale

Andrew LaVallee

Peek, a New York mobile start-up, has begun selling TwitterPeek, a new device for posting and reading Twitter updates.

TwitterPeek became available on Amazon and Peek’s Web site Tuesday. Its $100 price includes a full keyboard, always-on tweet delivery and nationwide Internet coverage, plus six months of service.

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Tuesday, November 3, 2009

AT&T to Verizon: There’s a Lawsuit for That

Andrew LaVallee

Verizon Wireless’s “There’s a Map For That” ads are already a fading memory for those eyeing the newer Droid campaign, but AT&T hasn’t forgotten them.

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World of Online-Game-Regulation Warcraft

Juliet Ye

The turf battle between two Chinese bureaucracies appears to be escalating, with NetEase and the World of Warcraft videogame at its center.

According to a statement, China’s General Administration of Press and Publications said it rejected NetEase’s application to operate Burning Crusades, the latest version of World of Warcraft.

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Amazon: Any Price You Can Cut, I Can Cut Lower, I Can Cut Any Price Lower Than You

So, the race to $0 book prices continues.

As the AP notes this morning, the fierce price cutting in the book business, which until now had focused largely on pre-orders, has now spread to current works: Amazon.com is offering both John Grisham’s short-story collection Ford County and Barbara Kingsolver’s new novel The Lacuna for $9 apiece.

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Big Expectations for the Next “Call of Duty”

Yukari Iwatani Kane

Activision Blizzard’s “Call of Duty: Modern Warfare 2,” a first-person-shooter videogame, is coming out Nov. 10, and anticipation is mounting.

Specialty retailer GameStop has been taking pre-orders since last April, much earlier than most games.

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PayPal Woos Developers in Bid to Protect Its Turf

Geoffrey A. Fowler and Jessica E. Vascellaro

EBay Inc.’s PayPal plans to unveil a new system that makes it easier for software developers to integrate the online payments system right into their programs–as the company takes new steps to protect its turf.

With the new open software, called Paypal X, users won’t have to type their username and password into a separate PayPal Web site in order to complete a payment.

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Blu-ray Player Makers Embrace Online Movie Delivery

Miguel Bustillo and Bobby White

Some of the biggest companies backing the Blu-ray format for high-definition movies are hedging their bets by introducing players that can also show Internet video, which is making surprising inroads in the home-entertainment market.

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Monday, November 2, 2009

Darth Droid Meets iPhonie-Wan

Here is the latest comic from our Joy of Tech friends at Geek Culture, Nitrozac and Snaggy. Joy of Tech appears three times a week in the Voices section of this site. (Click on the image to see a bigger version.)

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The New Must-Have Accessory

Vanessa O'Connell and Elva Ramirez

A self-described iPhone freak, designer Norma Kamali spends each morning reading the day’s headlines on her gadget’s current-events application. To unwind, she plays Scrabble on a game app. When her miniature dachshund Zeke acts up, Ms. Kamali looks up her iPhone’s encyclopedia on canine ailments.

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IPhone Arrives in China, but Where Is Pleco?

Sky Canaves

For students of the Chinese language, there is one electronic dictionary application that seems to stand in a class of its own, made by a small New York-based software company called Pleco.

Certain language learners (myself included) have been known to carry otherwise useless (and outdated) Palm Pilots for the sole purpose of using the Pleco dictionary.

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