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News

• Verizon posts strong earnings ahead of iPhone launch

  If carriers were like sports teams, Verizon could be described as having a lot of momentum heading into its iPhone showdown with AT&T.

• Orange seeks stake in Dailymotion, wants more video

  Orange is negotiating to buy almost half of French online video site Dailymotion, a competitor to YouTube. The French network operator hopes to improve the content it offers its mobile and fixed broadband customers, it said on Tuesday.

• Details emerge of patents Novell is selling to Microsoft

  Additional details have emerged regarding the more than 800 patents Novell is selling to the Microsoft-led consortium CPTN Holdings for US$450 million, about two months after the deal was first announced.

• Investors pump $950M into Groupon

  Groupon has completed its US$950 million funding round and the money will be used to improve its technology infrastructure, continue its business expansion and let employees and existing investors cash out stock, the online coupon provider said late Monday.

• Court papers name Akamai tipster in insider-trading investigation

  Federal court papers name a former <a href="http://www.networkworld.com/news/2010/091610-akamai-ipv6.html">Akamai Technologies</a> employee who allegedly revealed insider information to stock traders who were later charged with reaping millions of dollars from the information in what the FBI calls the largest hedge fund insider-trading case in history.

• Tech support company iYogi plans to support Android phones

  Consumer PC tech support company iYogi is planning to extend its services to users of mobile phones, with an initial focus on devices running the Android operating system.

• Facebook co-founders pledge to give away most of their fortunes

  Facebook CEO Mark Zuckerberg was one of 17 billionaires this week to pledge donating more than half of their wealth to charitable organizations.

• Amazon invests $175 million in Living Social

  Groupon rival Living Social has landed a US$175 million investment from online retail giant Amazon.

• Microsoft quietly invests in IBM emulator TurboHercules

  Continuing its low-key crusade for greater mainframe openness (or less IBM dominance of that market), Microsoft has invested an undisclosed amount of money in mainframe emulator provider TurboHercules, said the Paris company.

• CA relinquishes last stake in Ingres

  CA Technologies has sold off its remaining 20 percent stake in Ingres to venture capital firm Garnett & Helfrich Capital, which is now the open-source database company's sole owner.

• European Commission grant offers Symbian a boost

  The Symbian Foundation, which recently lost its respected executive director and the backing of two major phone makers, is getting a much-needed boost through a European Commission-sponsored project.

• Intel opens US$1 billion chip factory in Vietnam

  Intel on Friday announced the opening of a massive US$1 billion chip testing and assembly facility in Vietnam, the biggest such facility for Intel anywhere in the world.

• Oracle takes stake in Infiniband vendor Mellanox

  Oracle announced late Wednesday that it has taken a 10.2 per cent stake in Mellanox Technologies, maker of Infiniband interconnects for servers and storage systems.

• 25 new IT companies to watch

  The next generation of IT vendors has arrived on the scene. Driven by a tentative economic recovery that is seeing venture capitalists release a few more dollars to tech startups, and a need to create tools for the world of cloud computing and virtualization, a flood of young technology companies is hitting the market.

• Gartner: Enterprise IT spending to hit $2.5 trillion in 2011

  Worldwide enterprise IT spending will rise from $2.38 trillion this year to $2.46 trillion in 2011, a 3.1 per cent increase, the research firm Gartner said Monday.