MySpace founder charges News Corp with undervaluing social networking giant

The founder of MySpace has called for an enquiry into the social networking site's sale to News Corp., labelling it 'one of the largest mergers and acquisitions scandals in US history'. Brad Greenspan, who made $47 million from the 2005 deal, claims on his Free MySpace website that Rupert Murdoch's media company paid much less then they knew MySpace was worth. ...more

Linux upgrades drives Red Hat profits

Red Hat has reported a net income of $16.7m, up 42 per cent year on year for its second quarter. The leading Linux vendor reported revenues up 42 per cent year on year to $65. ...more

UPDATED: SuSE goes to Novell for $210mn

Novell has acquired Linux vendor SuSE for $210mn in cash, helped by a $50mn hand from IBM. The deal, still subject to regulatory approval, will make Novell the only $1bn software company with its own Linux distro and mean it is also the world's largest supplier of 'desktop-to-server' Linux solutions. In a conference call this afternoon Jack Messman, CEO at Novell, said: 'I can't tell you how pleased we are. ...more

QuickTime phone debut

Japanese mobile phone company NTT DoCoMo has included support for Apple's QuickTime format in three new 3G mobile phones. The phones will be able to receive and play streamed QuickTime content on their handsets. The phones support the 3GPP standard, based on MPEG-4 which in turn uses the QuickTime file format as its foundation. ...more

HP adopts Adobe's PDF

HP has reached an agreement with Adobe Systems to license Adobe's Portable Document Format (PDF) libraries as a preferred format for Internet printing within its product range. HP will add the functionality initially to its Photosmart cameras, scanners and all-in-one devices with products coming to market early next year. The PDF format is already well-established, with the free Acrobat Reader now in its fifth incarnation. ...more