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Archive for June, 2008|Monthly archive page

Passengers leaving the Yahoo! Express

In Internet, Uncategorized on June 18, 2008 at 9:03 pm

On the 1st anniversary of Yahoo! founder Jerry Yang’s resumption as chief executive, the founders of Flickr, the photo sharing website, are being reported as preparing to quit the parent company in the latest exodus of senior managers at the internet search giant.

Husband and wife team Stewart Butterfield and Caterina Fake will hand in their ‘purple badges’ in July. This follows Monday’s exit of Jeff Weiner, the executive vice president of Yahoo!’s network division and the announcement by veteran developer Jeremy Zawodny that he plans to leave Yahoo! on his blog last week.

Yahoo! acquired Flickr for $35m in March 2005

The Key Revolution

In computers, it, technology on June 5, 2008 at 10:15 am

The Key Revolution is a technology developer that has a product allowing nomadic computer users to work from any machine without leaving traces behind them. Its main product is a USB key with an embedded SIM card and PIN protection that allows users to access standard Windows applications, browse the internet, and collaborate in a secure environment. The company’s management team consists of former employees of Vodafone, which holds a patent on the technology and is a shareholder in the company. The chief executive is Adrian Burholt.

According to GrowthBusiness.co.uk, the Key Revolution has secured a £1.25 million from Octopus Ventures via its Titan VCTs. Octopus has announced that it had received a ‘substantial’ holding in the company in return for its investment.

The product commenced beta testing with paying customers in February and a full launch is anticipated later this summer.

Carlyle Group Sniffing Around Filtronic

In communications, stocks, technology on June 3, 2008 at 9:34 am

Wireless electronics group Filtronic plc has attracted the attentions of US private equity player Carlyle Group – and the markets are interested.

Prompted by an up-tick in fully listed Filtronic’s share price, Carlyle has said it is ‘reviewing its options’ in respect of Filtronic (LSE: FTC), which ‘could include an offer’. Filtronic shares, which slumped from 291.5p to 59.5p between 2005 and earlier this month, have perked up to 77.5p on Carlyle’s expression of interest, at which level the company is valued at £57.2 million.