InternetNews Staff

Technology news Web site TechCrunch published on Wednesday sensitive internal documents belonging to Twitter, including financial projections, offering a rare glimpse into the wildly popular microblogging site. Twitter has a targeted revenue run rate of $140 million by the end of 2010, with the expectation it would record its first revenue — a modest $400,000 […]

Facebook netted a $6.5 billion valuation for its common shares on Monday, further underscoring the fast-growing Internet social networking site’s high rank among technology and media industry heavyweights. Russia’s Digital Sky Technologies said it will pay $14.77 a share for Facebook common stock, boosting its stake to as much as 3.5 percent and valuing Facebook […]

Microsoft will release a free version of its dominant Office software that users can access over the Web, catching up with products that archrival Google launched three years ago. The world’s largest software maker will offer a word processor, spreadsheet, presentation software and a note-taking program with the same look and feel of their counterparts […]

Sprint Nextel (NYSE: S) said it would pay Ericsson $4.5 billion to $5 billion to manage its network under a 7-year deal in which 6,000 Sprint workers will move to Ericsson. Sprint shares rose 4 percent. Sprint said it would keep full control of its network after the deal, which is the first of its […]

Low-cost netbooks could provide the fertile ground Google needs to make its free PC operating system a success as it prepares to take on Microsoft’s (NASDAQ: MSFT) dominant Windows juggernaut, industry observers say. Google’s new Chrome Linux-based operating system will be free-of-charge, in stark contrast to Windows, which analysts say costs anywhere from $20 for […]

News Corp. Chairman and CEO Rupert Murdoch and his wife, Wendy, in Sun Valley, Idaho.Photo: Reuters SUN VALLEY, Idaho — News Corp. is not interested in buying popular microblogging site Twitter and will not sell its struggling social network MySpace, said the media conglomerate’s chief executive, Rupert Murdoch. Murdoch, who arrived on Wednesday at the […]

Online retailer Amazon.com has cut the price of its standard Kindle electronic reader by 17 percent to $299, the company said on Wednesday, the latest salvo in the war for digital readers. The price cut comes amid a budding digital book battle where rivals like Amazon, Sony Corp and a host of smaller companies are […]

South Korean authorities issued a cyber security warning on Wednesday after the Web sites of government agencies and financial institutions were disabled by apparent hacker attacks, possibly linked to North Korea. South Korea’s spy agency said in a statement an organization and possibly a state was behind the attacks on Tuesday in the world’s most […]

SUN VALLEY, Idaho – Google Inc is planning a direct attack on Microsoft Corp’s core business by taking on the software giant’s globally dominant Windows operating system for personal computers. Google, which already offers a suite of e-mail, Web and other software products that compete with Microsoft, said on Tuesday it would launch a new […]

TOKYO (Reuters) – Sony Corp said on Tuesday it plans to launch a new Vaio laptop that will sell for around 60,000 yen ($629) in Japan in August, making an entry into the fast-growing netbook market. Netbook PCs are smaller and cheaper than traditional notebook computers and optimised for simpler computing tasks such as Web […]

Facebook will likely be posting billions of dollars in revenue in five years, up from about $500 million this year, according to Silicon Valley entrepreneur Mark Andreessen who sits on Facebook’s board. Andreessen told Reuters that the world’s most popular online social network could pile up $1 billion in revenue this year if it pushed […]