CNET - A privately funded rocket suffered a launch failure Saturday night, the third launch failure in as many attempts for an Internet entrepreneur who is hoping to develop private space delivery and transportation.
Source: CNET
Women’s focused advertising network Glam Media, which raised $85 million in a combined debt and equity financing in February 2008 (they have raised a total of $115 million since 2004), was rumored to be mulling over a $1.3 billion acquisition offer just a couple of months later in May.
It’s a safe bet to assume that the merger discussions were leaked directly by CEO Samir Arora or his advisors at the AllThingsD conference he was attending when the story broke.
We now believe that there was indeed some sort of discussion taking place that may have valued Glam at over $1 billion. Sort of. And those discussions, say multiple sources, were with AOL founder Steve Case’s Revolution Health, a health portal that launched in January 2007. Revolution Health’s board of directors includes Jim Barksdale (former CEO Netscape), Carly Fiorina (former CEO HP) and Colin Powell (former Secretary of State and Chairman of the Joint Chiefs of Staff).
The merger sounds absurd on its face - the marriage of a womens blogging network with a health portal. But both companies are essentially in the business of selling ads, and there is significant overlap in their demographics if not in their actual users. Revolution Health is in trouble, and has reportedly gone through a number of layoffs and hired Morgan Stanley to represent them in a sale. Certainly their traffic has taken a nosedive, from a high of nearly 4 million monthly visitors to just 1.6 million last month (Google Trends doesn’t show this same decline, although Compete.com does).
The deal may not have made sense for Glam, but it was a heck of a story to leak to the press.
Crunch Network: CrunchBoard because it’s time for you to find a new Job2.0
Source: Michael Arrington
Filed under: Laptops
Whoa, wait a second. Is ASUS about to plop another Eee PC onto the totally numb-to-this-brand public? As confident as we are that ASUS wouldn’t dare hesitate to dilute its once meaningful Eee moniker even further, we’re still taking this with a morsel or two of salt for now. Spotted on French site Blogeee, a host of new images depict the Eee PC 900 (with a design occasionally preferred over the 901) with an “A” bringing up the rear. It doesn’t take an Intel engineer to guess what that might mean, now does it?
[Via thegadgetsite, thanks K.C.]
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Source: Darren Murph
Reuters - South Korea’s unpopular young government
is having second thoughts about the benefits of running the
world’s most wired society.
Source: Reuters
Typical office furniture is gray, drab, and uncomfortable. Seeing row after row of cubicles, all paired with the same black office chair and occupied by the same bored looking colleague, day after day, can really get to you. Here are some souped up pieces of transforming and otherwise awesomely geeky office furniture to wow fellow cube dwellers
Source: Digg / Technology
A privately funded rocket was lost on its way to space, bringing a third failure in a row to an Internet multimillionaire’s effort to create a market for low-cost space-delivery business.
Source: By JOHN SCHWARTZ
Filed under: Transportation
Remember Space Exploration Technologies Corp, otherwise known as SpaceX? You know, the private space transport company started by PayPal founder Elon Musk that won the NASA Commercial Comercial Orbital Transportation Services competition for its Falcon rocket? Last we heard from SpaceX it had lost Falcon 1 during a test launch, but this week its Falcon 9 launch vehicle was successfully fired up. While it didn’t go anywhere, the successful static launch was good news for the company, and the test run was even two months ahead of schedule, which could mean good things for the rockets’ ultimate place in runs to the International Space Station once the Space Shuttle goes out of service in 2010.
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Source: Joshua Fruhlinger
It happened to Microsoft and Yahoo. Could it happen to Apple?The limitations of antipiracy software were dramatically illustrated last week when Yahoo Music announced the company would stop issuing authorization keys for the software that prevents its songs from being copied.
Source: Digg / Technology