Cisco Falls After Hours as Q1 Sales Come Up Short, Despite an Earnings Beat

But the new share buyback program gets a $15 billion boost.
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Jildy, Whose Patents Google Owns and Facebook Licenses, Launches Its First App

There’s now a body of social search intellectual property that three companies have the rights to use: Google, Facebook and a virtually unknown start-up named Jildy.
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The Majority of Facebook Users Have Changed Their Privacy Settings, Says Facebook CTO

It’s a myth that most Facebook users never change their default privacy settings. Actually, according to CTO Bret Taylor, the majority of Facebook’s 800 million users have modified who sees what.
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Google+ Will Allow Pseudonyms, Support Google Apps Users, Launch Platform. When? Soon.

Google+ will soon accommodate pseudonyms, said Google+ head Vic Gundotra, acknowledging one of the loudest criticisms of the new social network.
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Horowitz Heads Facebook Fan Club

Best-run company in technology. … (Mark Zuckerberg) is probably the best new CEO that I’ve seen. He is incredibly thoughtful about how he has constructed that company.

Venture capitalist Ben Horowitz at the Web 2.0 Summit

Mary Meeker: 81 Percent of Users of Top Web Sites Are Outside the U.S.

The U.S. contributes much of tech innovation but fewer of its users, Mary Meeker said in her periodic rapid-fire macro-view of the tech industry presented today.
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Apple Integration Triples Daily iOS Twitter Sign-Ups

Twitter’s tight integration into Apple’s new iOS 5 has more than tripled daily Twitter sign-ups via iOS in the past week, Twitter CEO Dick Costolo said Monday.
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4chan Founder Chris Poole: It’s Not That I Love Anonymity, It’s That I Hate Facebook’s Identity Requirements

“We all have multiple identities. It’s not abnormal; it’s just part of being human,” 4chan founder Christopher Poole said at the Web 2.0 Summit in San Francisco.
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Bill Gross’s New Social Network Chime.in Will Pay People to Use It

Serial entrepreneur Bill Gross’s new interest-based social network will to pay people and brands for their contributions.
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Wowd Assets Split Up Among Three Companies, Including Facebook

Social search start-up Wowd has shut down, with Facebook “acqhiring” seven of its engineers and licensing its technology, another company outright buying its patents, and the founder starting a new company based on some of the same ideas.
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Seven Questions for Salesforce.com's Parker Harris

Salesforce.com’s EVP for Technology talks about Chatter.com, the whole Super Bowl thing, and the company’s priorities in mobile devices.

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Social Media, Genomics Driving Data Tsunami

The social media wave is being followed by a big data tsunami. Ok, the imagery is getting a little outlandish, but the flood of information that must be stored and analyzed is generating excitement, especially in Boston, where many in the tech world worry that they were at the beach while Silicon Valley and New York enjoyed the fruits of the Web 2.0 revolution.

Twitter Courts Google's Sundar Pichai for Head of Product

Sundar Pichai, the man in charge of Chrome and Chrome OS at Google, is being aggressively courted by Twitter to be its next head of product, according to sources. But Google is apparently fighting back hard on this latest effort by high-profile Web 2.0 companies, including Twitter and Facebook, to raid its huge talent pool.

Twitter's Buffet of Options: Investors Like DST or Acquirers Like Google

A tasty meal or too much choice? Twitter has several potential scenarios to choose from in recent weeks, including acquisition interest from both Google and Facebook and favorably termed major funding options from DST Global and others.

Videos of the Three Best Sessions at the Web 2.0 Summit

I spent the first half of the week at and around the Web 2.0 Summit in San Francisco. This year’s edition felt a bit smaller than before, but it still attracted some of the key characters on and off the Web. If you weren’t there or didn’t tune in to the event’s first-ever full livestream, and want to catch up, here are some of the highlights, which have already been posted to the O’Reilly YouTube account.

RIM Chief Says Apple Has Mobile App Backward

“There’s an app for that,” Apple tells us. But does there really need to be? Research In Motion co-CEO Jim Balsillie doesn’t think so.

Enter the Chernin? Former News Corp. President and COO in Yahoo What-If Mix

Things have certainly quieted down in the swirl of mostly vapor plots about the future of Yahoo, although the pondering, machinating and such on the parts of a variety of players have most certainly continued. And that includes the introduction of a new character into the drama: Former News Corp. President Peter Chernin. Let’s be clear–there are no deals brewing, but there is a lot of interest in involving the well-regarded media exec in the situation.

Web 2.0 Summit: "Don't Stop Competing" Mock Video

Here’s another spoof music video, titled “Don’t Stop Competing,” shown at the Web 2.0 Summit conference in San Francisco today, using the go-to classic song “Don’t Stop Believin’” by Journey. The video makes fun of the increasing competition and rancor between and among the various power players of Silicon Valley these days–from Google to Apple to Facebook.

Exclusive: Meebo Raises $25M More

Meebo has nearly completed a $25 million round of funding led by Khosla Ventures, with Khosla partner Gideon Yu becoming a board observer. This is the Web-sharing toolmaker’s Series D round, and will be announced by Khosla in a speech at the Web 2.0 Summit in San Francisco this afternoon. Existing backers such as Sequoia Capital and Draper Fisher Jurvetson are also participating in the round, which brings Meebo to total funding of more than $60 million.

Palm Chief: By Birthright, Palm Should Have Owned the Smartphone Market

What Palm chief Jon Rubinstein’s appearance at Web 2.0 Summit today lacked in news, it made up for somewhat in perspective–on the mobile space, Palm’s smartphone birthright, its acquisition by Hewlett-Packard and its future under HP.

And the Meeker Shall Inherit the Virtual Earth (In Other Words, Mary's Annual Internet Trends Preso)

BoomTown has been paying mind to Morgan Stanley’s Internet analyst Mary Meeker’s prognostications for longer than either of us cares to mention. Thus, I always pay mind when she puts out her Internet trends deck, which she just did at the Web 2.0 Summit conference in San Francisco. Quick synopsis: This Internet thing looks like it might have legs and the kids seem to love it.

Yahoo Announces a Bunch of Stuff It Already Announced (Except Local Deals, Which Everyone Else Has Already Announced)

Today at the Web 2.0 conference in San Francisco, Yahoo announced a bunch of new features, most of which the Silicon Valley Internet giant had already unveiled. That includes Sketch-a-Search, quick apps in search and Search Assist, as well as integration of Zynga social games and Twitter into the site and more about its Yahoo Contributor Network. But there was news: A local offers program, similar to offerings recently made by Facebook and others.

Aro Offers a Parallel Universe Where Mobile Apps Work Together

Aro Mobile on Tuesday will be exhibiting at the Web 2.0 Summit in San Francisco. The company makes a set of search-driven mobile apps for Android that link together so they can be more useful. (It is still in private beta, but as of tomorrow those who sign up on the waiting list will actually get in.)

Watch as Eric Schmidt Tries to Train His Foot to Stay Out of His Mouth

Speaking at the Web 2.0 Summit in San Francisco was a different Eric Schmidt from the Google CEO we’re all used to–the one who likes to use kooky metaphors and muse about the future of just about any topic. Instead, Schmidt, burned by publicity and interpretations of his recent remarks on privacy, is now keeping his foot as far away from his mouth as possible–but that too in somewhat awkward fashion.

Hey Facebook, This Launch Better Not Be Boring

Facebook on Monday plans to launch an email service for its users at a press event in San Francisco. The young company has really gotten way too into these show-and-tell events.