http://www.redherring.com/Home/Homeen-ushttp://www.redherring.com/logo/32.jpghttp://www.redherring.com/Home/RedHerringmanaging_editorwebmasterSun, 22 Nov 2009 06:20:12 GMTSun, 22 Nov 2009 06:20:12 GMTBlogTronix RSS Generator v.1.020http://www.redherring.com/Home/26016
Boston-based ConJoin Group officially opened its doors earlier this month, striding into a market staked out by firms like San Francisco’s Saints Capital and New York’s W Capital Partners.

But ConJoin Managing Director Richard Garnick said the firm plans to bring more than a capital infusion to its portfolio of venture- and private equity-backed companies. He said that ConJoin would target companies likely to benefit from cost cutting as well as from the services of ConJoin’s roughly 200-employee back office, IT and business process outsourcing arm in Mumbai, India.

Mr. Garnick, a former executive of technology outsourcing firm Bangalore, India-based Wipro Technologies, said that ConJoin plans to make six to 12 deals this year with investments ranging from $10 million to $20 million per company.

“Our thesis is we’re more apt to find later-stage companies,” he said.

The prototypical company, he said, would have “predictable” revenue of $50 million to $200 million per year, but be “struggling” for a liquidity event like an initial public offering or a corporate buyout.

Mr. Garnick formed ConJoin with David Folk, managing general partner of Toronto-based private equity firm Jefferson Partners, which has committed up to $9.5 million of capital to the venture. Mr. Garnick said he and an unnamed secondaries firm also are providing capital for ConJoin.

Mssrs. Garnick and Folk already have teamed up to revamp Avotus, one of Jefferson Partners’ portfolio companies. Mr. Garnick is serving as interim chairman and chief executive of the telecom management company, which books about $30 million in annual revenue. Mr. Garnick said he shaved $10 million in costs from Avotus within six months.

Mr. Garnick said ConJoin may buy companies outright or simply invest alongside current venture capitalist or private equity owners. The appeal for them, he said, would be ConJoin’s outsourcing services, which would “lower breakeven points and drive for profitability earlier in the life cycle.”

]]>Ken SchachterFinanceGeneral newsComputersArchiveshttp://www.redherring.com/Home/26016#0Mon, 13 Apr 2009 14:33:53 GMThttp://www.redherring.com/Home/26016http://www.redherring.com/Home/25975
In a blog post Monday, Google AdSense team member Arlene Lee said the AdSense video feature would be discontinued at the end of April.

After the program is discontinued, publishers still will be able to display YouTube videos by embedding code or creating a YouTube playlist, she said.

“If you're currently displaying video units, we recommend that you start removing the video unit code from your pages as soon as possible…” Ms. Lee added, noting that prior earnings will be credited to users’ AdSense accounts.

]]>Ken SchachterFinanceInternetCommunicationsMediaGeneral newsComputersArchiveshttp://www.redherring.com/Home/25975#0Mon, 30 Mar 2009 12:17:59 GMThttp://www.redherring.com/Home/25975http://www.redherring.com/Home/25972
The world’s No. 1 software maker has targeted Open Office and other rivals by rolling out a “total steal” promotion that lets college students buy its Office Ultimate 2007 suite for $59.95, 91 percent off estimated retail price.

At the same time, Microsoft has launched a new round of commercials that for the first time take direct aim at the price premium afforded to Macintosh computers from Apple.

Though students have long been able to get Microsoft Office Home and Student 2007 for well under the $149.95 list price, the Ultimate package lists for $679.95 and sells for several hundred dollars even after discounts. On Friday, for instance, one Amazon.com vendor was selling the package for $384.99.

Unlike the student and home version, the Ultimate suite
Includes special database, accounting and publishing programs.

The price cut comes as free software that duplicate some Office functions gains traction. For instance, Sun Microsystem’s open source OpenOffice.org suite on Thursday recorded its 50 millionth download since the latest version was released in October. Google Docs, meanwhile, offers a free web-based word processor and spreadsheet with collaborative functions.

Meanwhile, Microsoft’s Windows, while still the dominant global operating system, has Apple’s Macintosh eroding its lead.

Market tracker Net Applications reported that in February Windows machines had 88.41 percent of the market, while Macs had 9.61 percent. That compares to a 90.59 percent share for Microsoft Windows in August 2008, when Macs registered a 7.86 percent share.

One new Microsoft commercial, red-headed Lauren goes shopping for an under-$1,000 computer with a comfortable keyboard and a 17-inch screen. She goes to an Apple store but emerges lamenting that the only thing available in her price range is a computer with a 13-inch screen. She continues her quest in an electronics store that has several models loaded with Windows in her price range. Says Lauren: “I’m just not cool enough to be a Mac person.”
 

]]>Ken SchachterFinanceInternetCommunicationsMediaGeneral newsComputersArchiveshttp://www.redherring.com/Home/25972#0Fri, 27 Mar 2009 12:09:50 GMThttp://www.redherring.com/Home/25972http://www.redherring.com/Home/25968
“Nine years later, there’s still no venture capital industry, as far as I’m concerned,” George Siguler, co-founder of Siguler Guff & Co., told an audience at the Buyouts East conference in New York City. “Ten thousand companies were funded at the height of the Internet bubble. Now we’re not seeing any [investor exits].”

The nearly non-existent market for initial public offerings continues to stifle VCs, he said. “The typical venture capital deal burns $70 million to create a company worth $40 million.”

For instance, in 1999, Cisco Systems announced it was paying $6.9 billion for Cerent, a networking equipment company that Mr. Siguler said had $50 million in annual revenue.

“Those days are gone,” he added.

Mr. Siguler’s VC credentials include a stint as founding partner of the firm that manages Harvard’s endowment, where he initiated and managed its venture capital, private equity and hedge fund activities. He said his current firm’s joint venture providing debt financing for venture-backed companies provides insight into the industry.

The global recession also has cast a pall over leveraged buyout funds, Mr. Siguler said. While LBO funds can prosper when an economy comes out of a recession, funds that filled up their portfolios before the recession hit will face choppy seas.

“If it’s 70 percent invested, it’s toast,” he said.

One problem confronting private equity investors is how to value potential acquisitions.

“The multiples of EBITDA only make sense if you know what the “E” is,” referring to earnings before interest, taxes, depreciation and amortization, a metric widely used to hang a price tag on companies.

Turning to the prospects of global economies, Mr. Siguler said that China is likely to emerge first from the recession, but that Eastern Europe is a “basket case.”

The long-time investor urged general partners to abandon their sense of “entitlement” and remind themselves daily that they are the “fiduciary” of the money entrusted by limited partners.

]]>Ken SchachterFinanceInternetCommunicationsMediaGeneral newsComputersArchiveshttp://www.redherring.com/Home/25968#0Thu, 26 Mar 2009 14:14:42 GMThttp://www.redherring.com/Home/25968http://www.redherring.com/Home/25955
In a proxy statement ahead of its annual meeting May 7, Google argued that while it agrees with free expression, the best course is to balance user privacy against obligations to comply with local laws and protect its employees.

New York City’s Office of the Comptroller as trustee for the teachers’, firefighters’ and police officers’ pension funds cited China, Cuba, Egypt, Iran, North Korea, Saudi Arabia, Syria and Vietnam as countries that monitor and block their citizens’ information. Specifically, the shareholders urge Google not to host user identification data in oppressive countries and to refuse to engage in “pro-active censorship.”


In the filing, Google also disclosed that co-founders Larry Page and Sergey Brin received $1 each in total compensation for 2008. While Chairman and Chief Executive Eric Schmidt also took $1 in salary and bonuses, he also collected $402,562 for personal security and $106,201 for aircraft travel for his family and friends aboard Google jets in 2008.

In March, Reporters Without Borders issued an “enemies of the Internet” list that included Burma, China, Cuba, Egypt, Iran, North Korea, Saudi Arabia, Syria, Tunisia, Turkmenistan, Uzbekistan and Vietnam. In China, the report said, Google search rivals Yahoo and Microsoft have “bent to local laws” and “are prepared for self-censorship.”

The report The rapid development of the Chinese Internet market has attracted the sector's big foreign companies, such as Yahoo! and Windows Live, which have bent to local laws since 2005 and are prepared for self-censorship.

This week, China imposed a blockade against Google’s popular YouTube video site. The reason for the current action was unclear, but in 2008, China blocked YouTube during riots in Tibet.

]]>Ken SchachterFinanceInternetMediaGeneral newsComputersArchiveshttp://www.redherring.com/Home/25955#0Wed, 25 Mar 2009 12:57:58 GMThttp://www.redherring.com/Home/25955http://www.redherring.com/Home/25948
 The console from two-year-old San Diego company will include four embedded games and carry a suggested retail price of $199 upon launch in Brazil, its first market. Prices are expected to fall to $179 later this year and $149 next year.

Zeebo, which enters a marketplace dominated by Sony’s PlayStation, Microsoft’s Xbox and Nintendo’s Wii consoles, includes an innovative wireless system for downloading games. The Zeebo is based on a Qualcomm chipset and its ZeeboNet Wireless Network is designed for secure and piracy-free downloading.

Michael Pachter, an analyst at Wedbush Morgan Securities, said Zeebo is attacking a market that rival console makers, who are constrained by hardware costs, have chosen to ignore.

The console, the “first affordable 3D gaming platform for developing nations,” will be aimed at the growing middle class in the Brazil, Russia, India and China (BRIC), the company said.

Zeebo’s wireless Wireless game downloads have been “endorsed by cell phone handset makers for years,” Mr. Pachter said in response to e-mail questions. He noted that Nintendo is about to embrace the wireless download model with its DSi handheld. The DSi is scheduled to be rolled out within weeks in the U.S. market.

Two-year-old Zeebo was born out of a partnership between San Diego-based Qualcomm and Tectoy S.A., a Brazilian video-game company.

Among the titles included in the Zeebo console for soccer-made Brazil is FIFA 09.

The Nintendo Wii sells for $249.99, while the PlayStation 3 and Xbox 360, which come in various configurations, typically sell for about $400.

"The Zeebo console will deliver a truly engaging and entertaining gaming experience to a potential billion new consumers around the world, many of whom have never experienced gaming in the home," John Rizzo, Zeebo chief executive said in a statement. "The system … delivers high value and warranty protection compared to gray-market products with no need for a separate wireless access plan."

Mr. Rizzo was product marketing director for Macintosh at Apple and vice president of global market planning for Oracle.

]]>Ken SchachterFinanceInternetCommunicationsMediaGeneral newsComputersArchiveshttp://www.redherring.com/Home/25948#0Tue, 24 Mar 2009 10:19:38 GMThttp://www.redherring.com/Home/25948http://www.redherring.com/Home/25937
In mid-April, participants in JumpStart NYC will attend a five-day “bootcamp” to learn how to jump from polished mahogany Wall Street firms to concrete-floor startups. After bootcamp, existing startups can take on the former finance professionals in a 10-week internship program.

Amid the near-meltdown of the global financial system and revelations about the Madoff hedge fund fraud and outsize bonuses at American International Group and other government-supported firms, investment bankers and other financial professionals have been facing intense public scrutiny. In trying to shift from clean-shaven Wall Street  to free-wheeling fledgling technology and media companies, where shaved heads and goatees abound, they are likely to encounter a cultural chasm.

JumpStart, run by the State University of New York’s Levin Institute, is designed for recently laid off workers with at least three years experience on Wall Street. JumpStart is part of a $45 million job-training initiative designed to help replace contractions in the financial services industry, which account for more than one-third of the city’s private sector payroll.

The city programs also include:
--The creation of business incubators at 160 Varick Street and 90 John Street;
--The infusion of $3 million to seed several angel funds worth about $9 million to $10 million;
--Launch a financial services business plan competition;
--Create a venture capital connect portal to provide a clearing house for entrepreneurs and startups.

In announcing the programs in February, Mayor Michael Bloomberg was joined by Tim Armstrong, Google senior vice president, who was named chief executive of Time Warner’s AOL unit earlier this month.

]]>Ken SchachterFinanceInternetCommunicationsMediaGeneral newsComputersArchiveshttp://www.redherring.com/Home/25937#0Fri, 20 Mar 2009 08:51:58 GMThttp://www.redherring.com/Home/25937http://www.redherring.com/Home/25933
Speaking at the Digital Hollywood Media Summit in New York, just minutes after Microsoft CEO Steve Ballmer again signaled an interest in Yahoo, Jonathan Miller forecast a spurt in mergers and acquisitions spurred by the sharp contraction in valuations.

“Who’s going to do the acquiring? It could be the new digital media companies that have all that cash,” he said.

Mr. Miller, the former CEO of Time Warner’s AOL unit and co-founder of venture capital firm Velocity Interactive Group, said the coming M&A burst also could force the industry to rethink the idea of an integrated media company.

Media companies like Disney, News Corp., Viacom and Time Warner traditionally have included television, movie and print units.

Speaking at the same event, Mr. Ballmer said a deal for Yahoo’s search unit would add a critical mass of users to Microsoft. The Redmond, Washington, software giant remains a distant third in Internet search with an 8.2 percent share in February, according to comScore. That compared to 63.3 percent for Google and 20.6 percent for Yahoo.

Despite Mr. Ballmer’s oft-restated desire for a deal, he said he has had only one perfunctory conversation with Carol Bartz since she took the reins as Yahoo CEO in January.

At the conference co-sponsored by BusinessWeek and Standard & Poor’s, Mr. Miller said that the global economic downturn has created havoc in the venture capital model.

Whereas startups once could attract angel funding followed by several venture capital rounds, Mr. Miller said that a single funding round is “the norm” now.

“Now anyone who says they need three rounds of financing to break even—no one’s looking at them,” he said.

Mr. Miller, whose firm invests in a digital and media startups, said investors are taking a “pregnant pause” as they wait for a “catalyst” to release cash.

Though he has misgivings, Mr. Miller said, that catalyst could be the government.



]]>Ken SchachterFinanceInternetCommunicationsMediaGeneral newsComputersArchiveshttp://www.redherring.com/Home/25933#0Thu, 19 Mar 2009 10:46:06 GMThttp://www.redherring.com/Home/25933http://www.redherring.com/Home/25884
In a research note, UBS analyst Ben Schachter (no relation to the reporter) said that Yahoo “unequivocally” denied that Mr. Jorgensen’s exit was related to his comments on Wednesday that the company was open to a search deal or partnership with Microsoft.

Instead, Mr. Schachter said he believes the unexpected move reflects the desire of Ms. Bartz to shape top leadership and bring in a CFO with a financial management and technology background rather than the Wall Street experience offered by Mr. Jorgensen.

In afternoon trading Thursday, shares of Yahoo climbed $.49, or 3.9 percent, to $12.97, while Microsoft shed $.35, or 2.1 percent, to $16.61.

Mr. Jorgensen will remain with Yahoo through a transition period, the company said in a government filing.

Mr. Jorgensen’s remarks at an investor conference Wednesday were the first indication of the company’s position on a potential combination with Microsoft since Ms. Bartz took over as chief executive Jan. 13. They came one day after Microsoft CEO Steve Ballmer repeated his call for a search deal with Yahoo. No. 2 Yahoo and No. 3 Microsoft remain far off the pace of online search advertising leader Google.

In a separate development, a Yahoo executive said Thursday that red tape and fragmentation are entangling advertising buyers and holding back the growth of Internet advertising.

Speaking at the Jeffries 5th Annual Internet & Media Conference in New York, Yahoo Senior Vice President Michael Walrath contrasted the ease of spending large budgets on television versus digital advertising.

“We just make it too hard,” he said. “If I’m a buyer and I want to spend $10 million on TV, I can do that with one phone call and a handshake.”

By contrast, he said that spending $10 million on digital media requires dozens of partners, inventory forecasting, discrepancy tracking and other steps.

“It’s days, weeks, months to spend $50,000 in digital media,” he added.

Mr. Walrath, who sold the remaining 80 percent of his Right Media advertising marketplace to 20-percent-shareholder Yahoo for about $680 million in 2007, declined to be drawn into a discussion of whether Yahoo should sell its search business to Microsoft.


]]>Ken SchachterFinanceInternetCommunicationsMediaGeneral newsComputersArchiveshttp://www.redherring.com/Home/25884#0Thu, 26 Feb 2009 09:02:58 GMThttp://www.redherring.com/Home/25884http://www.redherring.com/Home/25876
Apple called the new Safari browser “the world’s fastest,” saying that its underlying “Nitro engine” runs JavaScript 4.2 times faster than Safari 3.

In September, No. 1 Internet search company Google entered the Internet browser market with its Chrome software for Windows. A version for Apple’s Macintosh has yet to be released. Microsoft, which had 67.6 percent of the market as of January according to Net Applications, is scheduled to roll out Internet Explorer 8, a new version of its browser, later this year. Safari ranks third with 8.3 percent of the market, behind Mozilla’s open-source Firefox, with 21.5 percent.

Among the new features on Safari 4 are: Top Sites, which lets users visually preview their favorite web pages; Cover Flow, which lets users flip through web histories or bookmarks as they would flip through album covers on an iPod, and Full History Search, a tool for searching titles, web addresses and text of recently viewed pages.

Browsers have become increasingly important as more computer applications migrate off the users machine and onto the “cloud,” server farms hosted by companies like Google, Apple and Microsoft.

Safari 4 is based on the open-source WebKit code developed by Apple. Google used WebKit to develop Chrome and its mobile Android browser as Palm did in developing the browser for its new webOS operating system.

The Safari 4 beta is available for a free download to Mac OSX and Windows users at ww.apple.com/safari.

]]>Ken SchachterFinanceInternetCommunicationsMediaGeneral newsComputersArchiveshttp://www.redherring.com/Home/25876#0Tue, 24 Feb 2009 09:15:38 GMThttp://www.redherring.com/Home/25876http://www.redherring.com/Home/25871
In a filing Friday with the U.S. Securities and Exchange Commission, eBay said that about 141,000 users have now joined lawsuits against IAC, 2,000 more than the auction giant listed in its prior quarterly filing. IAC previously had notified most of its roughly 20 million users that cybercrooks had stolen names, addresses, transaction and refund data.

A Koean consumer agency recommended that IAC pay about $35 to $70 to each user who complained, eBay said in the filing, though users have been paid about $200 each in “consolation money” in some prior cases “without a specific finding of harm.” Under the consumer agency’s guidelines, eBay could face payments of as much as $9.9 million to those who filed lawsuits. If, however, the complaints burgeoned to even one-tenth of the unit’s 20 million users, those payments could swell to $140 million.

eBay did not immediately respond to a request for comment. Shares of eBay fell $0.48, or 3.9 percent, to $11.71 in Monday afternoon trading as the technology-heavy Nasdaq and other major U.S. indexes encountered strong headwinds.

The latest annual 10K filing was the first to mention the consumer agency recommendation. A quarterly filing in July 2008 noted the data breach and users then totaling about 135,000 who had sued IAC.

eBay acquired a majority interest in IAC, then known as Internet Auction Company, in 2001 and snapped up the remaining publicly held shares three years later.

It was not immediately clear when the IAC data breaches occurred. eBay said the cyber-theft did not involve credit card or “real-time banking information.”

eBay, best known as the leading online auction site, also owns ticket auctioneer StubHub and Internet telephony company Skype.


The latest annual 10K filing was the first to mention the consumer agency recommendation. A quarterly filing in July 2008, noted the data breach and users then totaling about 135,000 who had sued IAC.

eBay acquired a majority interest in IAC, then known as Internet Auction Company, in 2001 and snapped up the remaining publicly held shares three years later.

It was not immediately clear when the IAC data breaches occurred. eBay said the cyber-theft did not involve credit card or “real-time banking information.”

]]>Ken SchachterFinanceInternetMediaGeneral newsComputersArchiveshttp://www.redherring.com/Home/25871#0Mon, 23 Feb 2009 12:29:37 GMThttp://www.redherring.com/Home/25871http://www.redherring.com/Home/25868
Shares of the online company, which also named Greg Blatt to succeed Chief Executive Thomas Enraght-Moony, climbed $.57, or 3.9 percent, to $15.05.

Under the deal, IAC will sell 100 percent of Match.com’s European operations for roughly 27 percent of the France’s Meetic plus $6.4 million in debt. Match.com has operations in 24 countries, including Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United Kingdom.

"The partnership represents a great opportunity to unite two established leaders in the field to serve a growing population of online daters in Europe," Mr. Diller, chairman and CEO of IAC, said in a statement.

Meetic, which has operations in Latin America and 15 European countries, reported 2007 net income of $18.2 million on sales of $146.1 million.

Mr. Blatt, who had served as IAC executive vice president and general counsel, will oversee IAC’s personals business, including 13-year-old Match.com, Chemistry.com, and DowntoEarth.com, a free dating site launched in January.

Given his decades-long record as a deal maker, investors and analysts have speculated that Mr. Diller might use the more than $2 billion in IAC’s war chest for acquisitions.

In its fourth-quarter conference call Feb. 3, Mr. Diller said he was “mindful that we should not be splurging money around and we... I think we've taken the proper actions now to deal with that.”

Meetic’s dating sites include Meetic, Meetic Mobile, Meetic Affinity, Lexa, ParPerfeito, DatingDirect, Neu.de, Cleargay, Partner.de, and Lexamore.


]]>Ken SchachterFinanceInternetMediaGeneral newsComputersArchiveshttp://www.redherring.com/Home/25868#0Fri, 20 Feb 2009 13:46:14 GMThttp://www.redherring.com/Home/25868http://www.redherring.com/Home/25863
In the ranking, which was based on capital under management, Pitango edged out second ranked Star Ventures, $1.4 billion to $992.2 million.

Star Ventures, an early investor in network equipment maker Ciena, has offices in the Tel Aviv suburb of Herzlyia Pituach as well as Munich and Dallas. Pitango has offices in Herzlyia Pituach and San Mateo, California.

Third-ranked Evergreen, based in Tel Aviv, helped to finance digital security company Aladdin.

No. 4 Gemini Israel Funds is an investor in WeFi, a bandwidth-sharing social network.

Jerusalem Venture Partners ranked fifth, while Benchmark Capital Israel, an affiliate of its namesake firm on the Sand Hill Road, came in eighth place.

Others on the list were: Vertex (No. 6), Genesis Partners (No. 7), Giza Venture Capital (No. 8) and Infinity Fund (No. 10).

]]>Ken SchachterFinanceInternetCommunicationsGeneral newsComputersArchiveshttp://www.redherring.com/Home/25863#0Thu, 19 Feb 2009 11:41:57 GMThttp://www.redherring.com/Home/25863http://www.redherring.com/Home/25853
The applications, whose beta launch was announced at the Mobile World Congress in Barcelona, also will run on phones powered by Microsoft’s Windows Mobile and those made by Nokia, Samsung, Sony Ericsson and Motorola. A public launch is expected in late May, the company said.

Yahoo’s shares fell $.79, or 6.2 percent, to $12.05 in afternoon trading.

At the center of Yahoo Mobile is the company’s OneConnect, designed to pull together messages (e-mails, IMs, etc.) from social networks like Facebook and media-sharing sites like Flickr.

"We believe the new Yahoo! Mobile will transform the way millions of mobile users around the world will interact with the Internet," Marco Boerries, Yahoo executive vice president, said in a statement. "Yahoo! Mobile will enable users to create their own Internet starting point on their mobile device so they can better discover, connect to and stay informed about the people and things that are important to them."

Interest in smartphones as an advertising vehicle has surged in parallel with the increased market share of the iPhone and Blackberry models. Research Strategy Analytics reported that mobile handset shipments in North America fell 15 percent in the fourth quarter of 2008 versus the prior year. But while Motorola remained No. 1 in 2008, “above-average growth in smartphones” enabled Blackberry to double its market share versus the previous year’s period.

]]>Ken SchachterFinanceInternetCommunicationsGeneral newsComputersArchiveshttp://www.redherring.com/Home/25853#0Tue, 17 Feb 2009 10:19:46 GMThttp://www.redherring.com/Home/25853http://www.redherring.com/Home/25847
The rivals in the enterprise server market said that customers demanded that they make the move, reflecting the increased clout of virtualization software.

In a conference call announcing the deal, Mike Evans, vice president, corporate development, at Raleigh, North Carolina-based Red Hat, said that the market for servers running a mixed Windows-Linux environment is growing and “moving beyond the early adopter” stage.

In a blog posting, Mike Neil, Microsoft’s general manager of virtualization strategy, who joined Mr. Evans in the conference call, acknowledged that the companies had bridged competitive and philosophical differences.

“Let me say that I'm sure everyone reading this can appreciate the distance between Microsoft and Red Hat is measured in more than just the 2,900 miles between Redmond, Washington, and Raleigh, North Carolina,” he said. “Microsoft and Red Hat have competed for customers and partners for some time now and as platform vendors continue to compete in the marketplace.  Yet, our customers have told us that technical support for server virtualization is an area we must work together.”   

Virtualization software lets servers operate closer to their hardware’s capacity by letting them run multiple operating systems and thus a greater variety of applications.

Under the reciprocal deal, Red Hat will validate Windows Server 2003 SP2, Windows 2000 Server SP42, and Windows Server 2008 guests on Red Hat Enterprise virtualization technologies. Microsoft will validate Red Hat Enterprise Linux 5.2 and 5.3 guests on Windows Server 2008 Hyper-V (all editions) and Microsoft Hyper-V Server 2008.

]]>Ken SchachterFinanceInternetGeneral newsComputersArchiveshttp://www.redherring.com/Home/25847#0Mon, 16 Feb 2009 10:49:32 GMThttp://www.redherring.com/Home/25847