Networking Start-Up Nicira Wants to Mess Up Cisco and Juniper’s Business

Watch out Cisco, Juniper and other networking vendors. Your business model is about to get disrupted by Nicira, which is coming out of stealth mode today.
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Email Giants Move to Slash “Phishing”

Email-service providers Google Inc., Yahoo Inc., Microsoft Corp. and AOL Inc. are backing a new effort intended to dramatically reduce “phishing” emails — which attempt to trick recipients into thinking they come from a legitimate source.

Zynga Document Discloses Major Round of Financing in the Works

More evidence has surfaced that Zynga is close to completing a gigantic round of funding just shy of $500 million.

Zynga Raising $500 Million at $10 Billion Valuation

The fast-growing social gaming company Zynga is close to completing a funding round of $500 million, valuing the company at $10 billion, said multiple sources. The round includes big institutional investors Morgan Stanley, T. Rowe Price and Fidelity Investments, as well as a token investment from existing venture investor Kleiner Perkins, in order to establish the huge valuation.

Top Ad Sales Exec on West Coast Departs Yahoo

One of Yahoo’s highest-ranking premium advertising sales execs–David Dickman, VP of West Coast sales–is leaving the company, people familiar with the situation said. Sources said Dickman, who will leave Yahoo at the end of the month after three years at the company, is reportedly going to Warner Bros. to work in digital sales. This comes after another ad sales exec, Todd Taplin, who ran sales in New England and Canada, left last week.
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The Real News of Wetpaint's $25 Million Funding: Fidelity Kicked In

While Wetpaint’s $25 million new round of funding was leaked to one and all under embargo until 12:01 am EST today–including BoomTown, so don’t assume any of us report our little hearts out on all these bits of news–what the press release did not disclose, sources said, was an intriguing new investor: Fidelity Investments. What’s interesting about this wrinkle is that it is yet another validation in Web 2.0 world from a large traditional institutional investor.
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