Last Updated Jun 7, 2007 1:29 PM EDT
- Microsoft and LG Electronics reached a controversial cross-licensing agreement. Microsoft will grant LG amnesty from patent infringement claims based on LG's use of open-source Linux software, which the software company says incorporates its intellectual property. In exchange, LG will license patents related to gaming and computer consoles to Microsoft. Some critics consider the move an attack on open-source software, since it has not been proven that Linux infringes on Microsoft patents.
- Sprint introduced a GPS-based shopping search service for its mobile phone users. Consumers can type in a keyword, product name, or UPC code of a product and will receive a list of nearby retail stores that carry the product and the price. The service, called Slifter, has been available for free through SMS, but users had to manually enter their zip code. The Sprint service uses GPS to automatically detect the user's location.
- Another potential buyer for Dow Jones has entered the ring. Brian Tierney, who bought the Philadelphia Inquirer and Philadelphia Daily News last year, has indicated that he is considering making an offer on the company. Earlier this week, an employee union enlisted billionaire investor Ron Burkle to explore alternatives to Rupert Murdoch's bid for the company. It appears the Bancroft family aren't the only stakeholders who want to make sure the Wall Street Journal maintains its editorial integrity.
- Internet advertising revenues reached a record high in the first quarter of 2007, according to research conducted by the Interactive Advertising Bureau and Pricewaterhouse Coopers. The $4.9 billion in revenue shows a 26 percent increase over the same quarter last year, indicating that marketers are becoming more comfortable with online advertising. In 2006, interactive ads represented 5.9 percent of the $286 billion spent on advertising, up from less than 1 percent ten years ago.