After asking Amazon to negotiate a no-bid contract to provide U.S. embassies with at least 2,500 loaded Kindle Touches, the government cancels the plan.
The U.S. State Department disses the iPad and Nook in favor of the Kindle Touch -- offering the e-reader-maker a multi-million dollar no-bid contract to ship the device overseas.
Apple sells 3 million iPads in 80 days, and one analyst has upped his sales prediction for the upcoming coming years.
LEDs consume far less energy than incandescent bulbs; push to bring light-emitting diodes to the home gains momentum.
Bandwidth management specialist ponies up cash for Mentat, which improves satellite-routed Internet connections.
IronPort Systems said Tuesday that it raised $16.5 million in equity and debt funding in its most recent round from Menlo Ventures, Allegis Capital, Starter Fluid, Amicus Capital and Western Technology Investment. The round gives both Menlo Ventures and Allegis Capital a seat on the San Bruno, Calif.-based company's board of directors. Starter Fluid and Amicus participated in IronPort's $3.9 million seed round in November 2001. IronPort makes e-mail gateways, the hardware that sits between a company and the Internet to route e-mail efficiently, and also develops the software that operates the gear. The company said in a statement that it expects to reach profitability by early 2003.
SealedMedia announced Wednesday it raised a $16.5 million third round of funding. Investors include Pond Venture Partners, Crescendo Ventures and 3i. San Francisco-based SealedMedia has raised a total of $28 million. The company develops security software for digital content.
Newgistics said Wednesday it received a $16.5 million second round of funding. Investors included Austin Ventures, Spiegel-Hermes General Service, R.R. Donnelley & Sons and AV Labs. Austin, Texas-based Newgistics provides software and services to the retail industry. The company manages retailers' product returns and logistics. See complete list
The company, which owns a stake in Lycos and GeoCities, posts fourth-quarter net income of $31.4 million, or $1.27 per share.
The plaintiffs will own a 16.5 percent stake of the new Mt. Gox and split 200,000 Bitcoins recovered by the failed exchange.