InternetNews Staff

NEW YORK — Investment fund Jana Partners LLC said on Monday it is leading a group of funds seeking to take over CNET Networks’ board and boost its share price. Jana and its partners own about 8 percent of CNET’s voting stock and also hold an 8 percent nonvoting stake. Another investment fund that is […]

LAS VEGAS — Toshiba Corp said on Sunday its HD DVD high-definition video format is not dead despite being dealt a big setback by Warner Bros studio’s decision to exclusively back Sony Corp’s rival Blu-ray technology. Akiyo Ozaka, president of Toshiba America Consumer Products, told a briefing at the Consumer Electronics Show in Las Vegas […]

NEW YORK/LOS ANGELES (Reuters) – Time Warner Inc’s Warner Bros studio on Friday said it would exclusively release high-definition DVDs in Sony Corp’s Blu-ray format, dealing a big blow to Toshiba Corp’s rival HD DVD technology. Warner Bros, Hollywood’s biggest seller of DVDs, representing about 18 to 20 percent of sales in the United States, […]

Spark Networks, home to popular Jewish online dating site JDate.com, is seeking a buyer and is talking to leading social networks and Web dating communities, The New York Times said on Friday. Spark shares rose more than 15 percent to $5.60 in midday trading after the Times said the company could fetch a price as […]

Intel said on Thursday it will drop out of the One Laptop Per Child project and resign from the board after the project’s board demanded the chipmaker stop supporting other efforts in emerging markets. One Laptop Per Child (OLPC), a nonprofit project run by MIT professor Nicholas Negroponte, aimed to sell $100 laptops to the […]

BOSTON — Worried about people accessing your private information whenever you use a public computer? There is a way to protect yourself: Devices as small as a keychain allow you to use any computer without leaving a trail of evidence. A new computer program known as MojoPac can turn most flash memory sticks, hard drives […]

SAN FRANCISCO – China’s Lenovo Group introduced its first consumer computers in the United States on Wednesday, expanding in a region it entered in 2005 with the purchase of IBM’s PC business. The unveiling of three new notebook computers with advanced features is part of a broader expansion by Lenovo into the global consumer PC […]

DVD rental company Netflix on Wednesday said it was developing a set-top box with LG Electronics to let subscribers watch movies streamed directly from the Web to their TVs. Netflix, with about 7 million subscribers, has for quite some time said it was looking to extend its Internet movie delivery feature — which lets subscribers […]

NEW YORK — Plaxo, an early social networking site that has been overtaken by Linked In and Facebook in popularity, is up for sale, The New York Times reported Thursday. Quoting people briefed on the offering, the report said Plaxo was seeking as much as $100 million, and that it has hired Revolution Partners to […]

Overstock.com Inc said on Wednesday that co-founder Jason Lindsey resigned his positions as chief operating officer, president and board member of the online retailer, effective December 31, 2007. Lindsey, who came out of retirement in April 2006 to help rebuild the company, will oversee special projects at Overstock on a part-time basis, the company said […]

Asian computer makers including Lenovo and Asustek Computer are finding growth prospects in an unlikely place: the United States, a mature, slowing market compared to other regions. By planning to offer pocket-sized, full-featured notebooks or stylish high-end machines with advanced features, the Asians will target high-growth niches, while steering clear of the broader market dominated […]

International Business Machines said on Wednesday it had acquired XIV, a privately held storage technology company based in Tel Aviv. Financial terms were not disclosed. “This is about IBM further strengthening its infrastructure portfolio,” Daniel Powers, vice president of mergers and acquisitions at IBM System Storage, told a news conference. IBM said the deal would […]