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 Tuesday, January 6, 2009 Logitech Cuts 15 Percent of Staff Fremont-based computer accessories maker Logitech said Monday that the firm will cut fifteen percent of its staff, as the firm has been hit be a deteriorating retail market. According to the firm, it will be cut its workforce globally by approximately 15 percent, as it expects the economic environment to worsen in coming months. The firm also said it is withdrawing its Fiscal Year 2009 growth targets for sales and operating income due to the recession. posted on Tuesday, January 6, 2009(Full story) Sentilla Scores $7.5M Redwood City-based Sentilla said Tuesday that it has raised $7.5M in a Series B funding round. The firm, which develops energy management systems for commercial and industrial facilities, said the funding was led by ONSET Ventures and Claremont Creek Ventures. The firm said it will use the funding to further develop its technology and expand global operations. Sentilla's products are used by companies to manage energy consumption and track carbon emissions. posted on Tuesday, January 6, 2009 (More)(Full story) Report: LiveJournal Cuts US Staff Blog and social networking service LiveJournal has reported cut 20 of its 28 employees, according to a report in Gawker. According to the report, the site's parent firm Sup has laid off its product manager and engineers. LiveJournal was acquired in December of 2007 by Moscow-based Sup; at that time, the firm said 28% of its users were from Russia. posted on Tuesday, January 6, 2009(Full story) Macrovision Shuffles TV Guide Deal Santa Clara-based Macrovision said Monday that it has terminated its December 18th deal to sell its TV Guide Network and TV Guide Online properties to a consortium of private equity firms, and instead, will sell TV Guide to Lionsgate. According to Macrovision, Lionsgate will pay $255M for TV Guide Network and TV Guide Online, the television guide network Macrovision acquired when it bought Gemstar-TV Guide. Macrovision said that the change would "improve the probability and timing of closing the (More info...) posted on Tuesday, January 6, 2009(Full story) MobiTV Adds CBS Emeryville-based MobiTV said today that the firm has inked a deal with CBS Mobile, to bring a number of popular CBS television shows to mobile phones. MobiTV--which is backed by Adobe, Gefinor Ventures, Hearst Corp., Menlo Ventures, Oak Investment Partners, and Redpoint Ventures--said that it will deliver full length episodes and clips from CBS Mobile, with content from such title as "CSI: Crime Scene Investigation," "Numb3rs," "CSI: NY," and "The Young and the Restless." Financial details of th (More info...) posted on Tuesday, January 6, 2009(Full story) |
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