Archive for October 11, 2007

Niklas Zennstrom, co-founder of Internet company Skype, admitted that the original valuation offered by purchaser eBay was too high. EBay announced last week it would cut as much as $1.2 billion off the $4.3 billion potential price it agreed to pay for Skype two years ago.

Niklas Zennstrom, Skype’s chief executive and one of its founders, was stepping down to become nonexecutive chairman and would focus on his entrepreneurial efforts outside the company.

eBay said it was taking a $1.43 billion charge related to the acquisition of Skype. EBay paid $2.6 billion for the rapidly growing service in 2005.

BitTorrent, Inc., announced the general availability of the BitTorrent Delivery Network Accelerator (DNA) service. BitTorrent DNA is a peer-accelerated content delivery service that provides consumers faster, more reliable, more efficient access to rich content through downloads or streams. Brightcove, an Internet TV platform leader, will be the first to integrate BitTorrent DNA to accelerate the delivery of instant-on, broadcast-quality streaming video to their customers.

The new BitTorrent DNA content delivery service is targeted at the needs of commercial content publishers including media companies, software firms and video game publishers. Content publishers recognize that the heavily centralized Internet infrastructure currently in place adversely affects the consumer experience and business model for content distribution. Through years of networking innovation and refinement, BitTorrent DNA is designed to be the ideal solution for publishers seeking ways to overcome the obstacles associated with centralized content delivery, such as slow downloads, choppy video streams, and inefficient use of network infrastructure. BitTorrent DNA provides fast downloads for large files like feature-length movies, games, software programs, and makes it possible to easily stream broadcast-quality video.

Hard disk pioneers win 2007 physics Nobel

Posted: October 11, 2007 in Tech

The Royal Swedish Academy of Sciences has awarded the Nobel Prize in Physics for 2007 jointly to Albert Fert, of Unité Mixte de Physique CNRS/THALES, Université Paris-Sud, in Orsay, France, and Peter Grünberg, of Forschungszentrum Jülich in Germany for the discovery of giant magnetoresistance.

This year’s physics prize is awarded for the technology that is used to read data on hard disks. It is thanks to this technology that it has been possible to miniaturize hard disks so radically in recent years. Sensitive read-out heads are needed to be able to read data from the compact hard disks used in laptops and some music players, for instance.

Albert Fert is a French citizen. Born 1938 in Carcassonne, France, he received his Ph.D. in 1970 at Université Paris-Sud, Orsay, France. He is a professor at Université Paris-Sud, Orsay, France, since 1976, and scientific director of Unité mixte de physique CNRS/Thales, Orsay, France, since 1995.

Peter Grünberg is a German citizen. Born 1939 in Pilsen, he received his Ph.D. in 1969 at Technische Universität Darmstadt, Germany. He is a professor at Institut für Festkörperforschung, Forschungszentrum Jülich, Germany, since 1972.

Google Buys Mobile Software Maker Jaiku

Posted: October 11, 2007 in Uncategorized

Google, Inc. said that it has acquired wed and mobile phone services provider Jaiku. However, terms of the transaction were not disclosed and the deal was officially closed.

Google believes that activity streams and mobile presence are important areas in which it can add a lot of value for its users. The company also said that Jaiku’s technology and talented team are a great addition to Google’s current application and mobile teams.