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Report: Digg acquires Kevin Rose's WeFollow
Mashable and TechCrunch report that Digg has acquired Kevin Rose's side project, WeFollow.
CNET Friday, October 16, 2009

AMD reports better-than-expected results
While the company reported a net loss, it was smaller than forecast by analysts, and fourth-quarter revenue is expected to be up 'modestly'
ZDNet UK Friday, October 16, 2009

Texas site to harness ocean for power, water
An off-shore facility where wave power will be harnessed for desalination could demonstrate a viable option for producing electricity and drinking water in coastal regions.
CNET Friday, October 16, 2009

Performance showdown: Windows 7 vs. Snow Leopard
CNET Labs' Dong Ngo tests the two operating systems side by side and finds that while Snow Leopard is faster with Apple software, Windows 7 is the way to go when it comes to serious gaming.
CNET Friday, October 16, 2009

Q&A: Defcon's Jeff Moss on cybersecurity, government's role
Hacker Jeff Moss talks about his role as adviser to the Department of Homeland security, thoughts on national ID cards, and how the government wants to use social media sites for public emergency alerts.
CNET Friday, October 16, 2009

NYC Brokerage Pressprich Grows Its Use of Hosted Apps
Using Codestreet's hosted trading platform for its bread and butter, fixed income securities, and to quickly get into equities; working with the vendor to develop a way to post research through Bloomberg.
Financetech.com Friday, October 16, 2009

House Panel OKs Derivatives Reform
The House Financial Services Committee Thursday approved legislation that would regulate the U.S. market for financial derivatives.
Financetech.com Friday, October 16, 2009

Nomura Releases First U.S. Equity Algos
Continuing the build out of its U.S. electronic trading offerings, Nomura has released a core set of algorithms for equities as part of its global ModelEx strategies.
Financetech.com Friday, October 16, 2009

Tandberg shareholders call for higher price from Cisco
(Telecompaper) Tandberg shareholders with more than 24 percent of the company's stock want Cisco Systems to raise its NOK 17.2 billion offer for the videoconferencing equipment marker. SEB Enskilda's unit in Norway canvassed shareholders and found that 21 owners won't sell "at the current offer terms," according to a statement from the bank, reported by several news wires. SEB is acting on behalf of clients who are shareholders in Tandberg. Cisco agreed earlier to pay NOK 153.50 per share for Tandberg, in a deal supported by the company's management and requiring approval from 90 percent of shareholders. The bid offers a premium of 11 percent on the share price the day before the deal was announced and a 38 percent on mid-July when talk of a bid first emerged.
DMeurope.com Friday, October 16, 2009

Etisalat to acquire Millicom's Sri Lankan operation
(Telecompaper) Global mobile operator Millicom International Cellular has agreed to sell Tigo Sri Lanka to UAE-based operator Etisalat for USD 155 million in cash. The transaction values the Sri Lanka operation at an enterprise value of USD 207 million. The transaction is not subject to any conditions and is expected to close on or before 20 October. This contract represents the final element of Millicom's recent divestment programme and, upon completion of the previously announced transactions concerning the Cambodian and Laotian operations, will leave the group well positioned to focus on the long-term growth opportunities in Latin America and Africa.
DMeurope.com Friday, October 16, 2009

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