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Hurricane Sandy takes out Major NYC Internet Provider

Hurricane-downgraded-to-Post-tropical storm Sandy has taken out Internap, which operates a global content delivery network and data centers. Internap has emailed its customers the following warning: Please...

Technion Sues Microsoft for $6.5 Mil. over Intellectual Property

The Technion is going up against the technology giant, citing illegal uses of technology developed by its staff, charging: "For years, Microsoft has taken aggressive enforcement steps against anyone who held software belonging to Microsoft without legal permits, regardless of from whom and when it was purchased, their geographic location and whether they were poor or rich."

The Face That Launched A Thousand Apps: Yours

Israeli startup Umoove will soon offer a gesture-recognition technology for mobile devices that will control and steer devices by reading gentle facial and head movements, according to a report by NoCamels.

With JP Morgan Purchase, Conduit Becomes Israel’s First Billion Dollar Internet Company

JP Morgan acquired a $100 million stake in Conduit from investor Yozma fund at a $1.4 billion valuation. Conduit’s cash cow is its toolbar, which the company says has been used by more than 200,000 sites, including MLB.com and Miniclip, to reach 250 million users.

Apple Makes First Israeli Acquisition

After weeks of negotiations, computer mega-giant Apple has acquired its first Israeli company, Anobit Technologies, for $390 million.

Apple’s First R&D Center Outside of US in Israel

Computer and software giant Apple has begun searching for office space for its first technology development center outside of Cupertino, California - in Israel.

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