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Payday for VCs plummets 65 percent in 1st quarter

With venture-backed companies failing to launch IPOs and with mergers and acquisitions lagging, liquidity for venture capitalists fell 65 percent in the first quarter, according to a report released Wednesday by Dow Jones VentureSource.

During the first quarter, $3.2 billion in liquidity was generated--a sharp contrast with $9.1 billion from a year ago and around the level seen in 2003. Because no initial public offerings took place in the first quarter, all of the $3.2 billion was generated from venture-backed companies selling themselves to the highest bidder.

Those two types of transactions are how VCs and investors … Read more

Gmail: Expect bigger changes in next 5 years

Five years ago, Gmail launched with a splash big enough that many thought it was an April 1 joke: an entire gigabyte of online storage.

Larger online e-mail rivals Hotmail and Yahoo Mail quickly matched that advantage, but in the meantime, Gmail has grown to become a force to be reckoned with. It's got tens of millions of users, Google said, though it won't pin down a precise number. And its growth today, in terms of new users joining the service, is faster than it was four or five years ago, said Todd Jackson, product manager for Gmail.

In a chat Monday, Jackson offered an assessment of what Google has accomplished with Gmail thus far and what it expects in the future.

CNET News: First of all, you launched Gmail on April 1. Are you going to have an April Fools' stunt this year? Jackson: Keep your eyes peeled. I can't tell too much. I can't spoil the joke.

The 1GB in-box was pretty surprising when Gmail arrived. Do you expect anything new from Gmail that's that shocking or paradigm-shifting? Jackson: We've been working on innovating Gmail over the last five years. It's our goal to stay constantly on the leading edge of what users want--particularly the most demanding users. When we added chat to Gmail, I considered that a big milestone. Similarly when we added video chat. I thought these were really important in expanding the scope of communications that Gmail makes fun and possible and easy and fast.

Communication is more than just mail. It was a really good ground for us to start on. We want to stay on that bleeding edge. Gmail Labs is a good testing ground to be trying new things and getting stuff out there to the public fast even at the scale we're at. It becomes difficult at the scale we're at, with a large user base, to launch things at the same speed as when you were small. We want to think of ourselves as the start-up that happens to have tens of millions of users.

I think we got a lot of that big bang at the original launch because of the gigabyte of storage. That was the hook that got a lot of people interesting in checking Gmail out, but then what got a lot of them sticking with the product were things about the UI (user interface)--conversation view and search and the quality of the spam filter. All those things that don't add up to the same headline, but they're the things that really make the product great. We're going to be going for more of that.

Do you think the difference between Gmail at launch and today is going to be less or greater than the difference between Gmail today and where it's going to be in five years? Jackson: Many of the things we've been working over the past five years were under-the-hood things. Things that don't dramatically change the visual look of the product but really people expect to have in a mail product. Things like POP support, IMAP support, a mobile UI. Little things like save draft or rich-text editing. We didn't have any of that at launch. You couldn't boldface, you couldn't italicize. We've been adding these things over the years that people just expect to have.

We've also been investing. The big change to our front-end infrastructure that we launched the year before last allowed us to have a larger number of engineers contributing to the code simultaneously and allowed front-end development to go a lot faster because of the new modular JavaScript architecture. It also made things like Labs possible because it allowed us to serve different modules of the code to different users. I view that as a huge enabling technology.

I think over the next five years you will probably see a large amount of visible change, maybe more so than in the past five years. That's because for the first five years we had to focus on all the nuts-and-bolts things people want. We did some very innovative thing in terms of chat and video chat and expanding the number of ways to communicate in Gmail. I think you're going to see more things in that direction, and things that directly impact the way the product looks and feels. … Read more

Tech jobs fair better than private sector in Q4

Software services in the U.S. helped temper the overall sequential decline in technology jobs during the fourth quarter, allowing the industry to minimize jobs losses compared to the private sector, according to a TechAmerica report released late Monday.

Tech jobs, overall, dipped 0.6 percent, or by 38,000 positions, sequentially in the fourth quarter, while U.S. private sector jobs declined 1.3 percent during the same period, according to TechAmerica, a technology advocacy trade group.

"The tech sector weathered the storm longer and stronger than other parts of the economy," Phil Bond, TechAmerica president, said … Read more

LogMeIn's remote access plan for Netbooks

A Netbook's extremely limited hard drive space (typically half that of a laptop and one third of that for a desktop) makes it terrible for storing files, but its Internet-connectedness and light weight make it ideal for carrying around.

LogMeIn, a company best known for its free and pro-level remote access applications, is looking for carriers and Netbook manufacturers to preload its LogMeIn Ignition remote access software onto Netbooks so that consumers will be able to view and edit photos and documents from their main desktop or laptop computer from their tiny Netbooks. The deal would give carriers that … Read more

Q&A: HP's 'gadget guy' on no-compromise devices

Pouring water from a pitcher into a glass is not just about transferring liquid from one container to another--at least not to Phil McKinney.

To the chief technology officer of Hewlett-Packard's personal systems group, it represents the challenge of doing the same with data. McKinney oversees research into the concept of "liquid media," in which data can be easily and effectively moved between different types of devices--in a way that is intelligent enough to tap the capabilities of each platform.

Known in HP as "the gadget guy," McKinney spoke with ZNet Asia on the sidelines … Read more

Windows 7 RC - now you see it, now you don't

A download page for Microsoft's Windows 7 Release Candidate was prematurely posted by the company and has since been removed, according to a statement issued Thursday by the software giant.

Windows 7, Microsoft's next version of its operating system, is in the process of undergoing its final draft, or release candidate (RC). And although the software giant has been silent on when it expected to roll out its RC and industry reports have previously speculated April, the posting of the premature RC page gave a May 2009 timeframe, according to a report in Ars Technica, which has screen … Read more

New video-editing software gets multiframe tech

MotionDSP, the company that offered a novel approach to improving photos and video through its now-discontinued FixMyMovie Web site, plans to release a promised version of its software for personal computers.

The $49.99 software program, called vReveal, analyzes a video's adjacent frames and combines the data to create a higher-quality version. This can bring out details in dim areas, correct camera shake, and remove noise and blocky compression artifacts, the company said. The software also can rotate videos, increase video resolution, and extract still images.

In addition, the company said the software can employ the CUDA (Compute Unified Device Architecture) technologyRead more

Chrome begins RSS support, solidifies extensions

Google has begun work on one much-requested feature of its Chrome browser, the ability to detect when a Web page offers a subscription service through RSS or Atom technology.

Google programmer Finnur Thorarinsson formally marked the RSS support issue as "started" on Wednesday, though the feature is disabled for now.

"The first part of this has been implemented and checked in," Thorarinsson said, referring to the part that discovers when RSS feeds are available on a Web site. The feature is disabled for now, though, because the second part, which will produce a page that lets … Read more

Google offers better-tested Chrome version

Google released a new beta version of Chrome Tuesday, offering a better balance between software that's stable but out of date on the one hand and cutting-edge but crash-prone on the other.

The new version offers a number of new features, including zooming that increases or decreases the graphics as well as text; autofill to ease the chore of re-entering information in Web site forms; and new tab-dragging features that let you dock browser windows to the sides of the screen. The new beta version is essentially the same as Chrome 2.0.169.1 that was released last … Read more

Israeli VC funds to face steep drop in '09

Israeli venture capitalists are expected this year to raise $300 million, setting the stage for a second consecutive year of decline, according to figures released Wednesday by the IVC Research Center.

Israeli venture capital funds are expected this year to post a 62 percent decline over last year, when $793 million was raised.

And should Israeli venture capital funds generate only $300 million, it would put it on par with levels not seen since 2003 to 2004.

Last year, Israeli venture capital funds declined 30 percent over the previous year, when $1.14 billion was raised.

But despite the two … Read more