Technology News Archive - October 22, 2008

AdMob, the world's largest and fastest growing mobile advertising marketplace, today announced it has achieved cash flow positive results and secured a new $15.7 million Series C investment round, led by Sequoia Capital's Growth Fund with existing investor Accel Partners participating, to expand its global leadership position.

By Jon Swartz SAN FRANCISCO -- Battered by plunging profits and a sketchy economic outlook, Yahoo announced at least a 10% staff reduction on Tuesday. The layoffs amount to up to 1,500 jobs. It is Yahoo's second significant round of layoffs this year.

By Jefferson Graham Oh, that iPhone! Apple's combination cellphone, iPod and Internet device now represents nearly 40% of sales, a "truly stunning" achievement, says Apple CEO Steve Jobs.

ESPOO, Finland, October 22 /PRNewswire-FirstCall/ -- The Nokia Board of Directors has resolved to issue 2 110 000 Nokia shares (NOK1V) held by the Company as settlement under the Nokia's equity based incentive plans to the plan participants.

Nokia Growth Partners, the venture capital arm of Nokia, has invested in China-based mobile advertiser Madhouse. The terms of the investment were not disclosed. Shanghai-based Madhouse operates a network for advertising on wireless application protocol sites.

MAHWAH, New Jersey, October 22 /PRNewswire-FirstCall/ -- Radware, , the leading provider of integrated application delivery solutions for business-smart networking, announced today that it has won two Silver Awards from the International Academy of Visual Arts.

By Jefferson Graham SAN BRUNO, Calif. -- YouTube, the world's most popular video-sharing site, grew to dominate the field with a collection of funny amateur videos, political gotchas and unauthorized TV and movie content. The new YouTube, more popular than ever, has a different look.

TORONTO, Oct. 22 /PRNewswire/ -- ShipGooder.com, the market leader for providing fast and instant courier rate searches, today announced the launch of two new tools to compare shipping rates.

Volantis, the world's leading supplier of Intelligent Content Adaptation(TM) solutions for the Mobile Internet, today announced the availability of BuzzCast(TM) client for Apple(R) iPhone(R), providing mobile operators with a way to brand their own content reader to quickly generate incremental data revenues.

Word of the Day
  • Stoppage; cessation (of labor).
  • A standing still or idling (of mills, factories, etc.).
The word chomage comes into English from French.]