In Other News
Fail and Yahoo Yahoo is firing a bunch of people to cut $400 million from its budget. That sucks for the people who work there, but the entrepreneurs and venture capitalists who hustled Yahoo out of more than $2.5 Billion in the last 4 years probably aren't terribly concerned.
Technology giants Yahoo and Apple yesterday reported sharply contrasting quarterly results, with Yahoo announcing a 64 percent drop in profit and plans to cut 1,500 jobs.
Zimbra, the collaborative webmail and calendar company that was acquired by Yahoo in 2007, has launched a new product for academic institutions called Zimbra Hosted that will allow schools to run their webmail portals from the "cloud". Previously schools would have to run Zimbra's service onsite or through third party hosting companies; now Zimbra will also give them the hassle-free option of letting Zimbra and Yahoo maintain the servers.
Tony Fadell, Apple's senior vice president of the company's iPod division is leaving the company, reports The Wall Street Journal. The motivation for his departure is said to be "personal reasons." This is potentially a big blow to Apple. The move makes sense of Apple's desire to hire a former IBM executive, Mark Papermaster.
Yahoo has closed a gaping hole that attackers were exploiting to gain access to victims' Yahoo Mail accounts and other restricted areas of site.
