Microsoft releases new health website HealthVault

Microsoft has released a new site for storing health records, called Health Vault. It is generally acknowledged that in this day and age of mobility, it is necessary to have some way to digitally store medical histories, in a way that they are securely and permanently accessible. To be useful, however, health care providers have to buy into the system. That is where the challenge is going to lie for Microsoft and a host of other start-ups in this field.

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2007: Record breaking M&A year

2007: Record breaking M&A year

One more quarter to go, and already 2007 has become a record breaking year for M&A deals - a total of $3.9 trillion, catching up with last year’s (2006) record total. WSJ has a very nice interactive graphic of the M&A activity.

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ING gets the first of the spoils from the fall of NetBank

ING gets the first of the spoils from the fall of NetBank

ING is the first in line to acquire deposits of the failing NetBank - the first online-only bank in the US. ING will acquire $1.4 billion worth of deposits, as well as 104,000 customers for $14 million. Not a big surprise - they will not take on any of the bad subprime mortgage loans that got NetBank into trouble in the first place.

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Netbank implosion - a failure of internet banking?

Netbank implosion - a failure of internet banking?

In an industry that has resisted virtualizing, NetBank brings the latest piece of bad news. The trail blazing internet-only savings and loan bank is being taken over by federal regulators, in what is being called the biggest bank failure in 14 years.

Started in the peak of the last boom, the bank saw its ups and downs as it debuted on Nasdaq and hit a high of $57 in 1999, only to get delisted in August of this year. The failure seems to have more to do with Netbank writing bad loans, rather than, necessarily, with consumers lack of trust of online banks.

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Entrepreneurs Unplugged Event September 27th, Beverly Hills at 6:30 pm

Entrepreneurs Unplugged Event September 27th, Beverly Hills at 6:30 pm

BizOrigin is hosting its first Entrepreneur Meetup in Beverly Hills, CA on Thursday September 27th.

The event will bring together Entrepreneurs in Southern California, in an informal setting, to share ideas, compare notes, find potential team members, and hear about about the innovation going on in the area.

Founders and team members of several greater Los Angeles area companies will be represented including TechGenii, Sunsetronics, InteleMedics, Blissport, Tech Coast Angels, GKM Ventures, Frontera Capital, Entretech and many others.

RSVP here

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Mozy acquired for $76 million

TechCrunch is reporting that Mozy, an online storage startup based out of Utah, was recently acquired by EMC Corporation for a rumored $76 million. Mozy’s software (Mac & PC) offers a simple backup solution: once you install it, it slowly backs up your data over a period of time. The site offers a free version of their software that gives you 2 gigs of backup space, and for $5/mo you get unlimited storage. EMC Corporation is an information management firm whose CEO Joe Tucci was named #1 in the IT hardware industry for the second year in a row in 2006 by readers of Institutional Investor, ranking one spot ahead of Steve Jobs. [TechCrunch writeup]

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Zillow gets zillions more

Zillow.com, the real estate site, is taking in money hand over fist. The latest is another $30 million, which brings in the total haul at $87 million. Om Malik called them the Naomi Campbell of Fundanistas! The latest investors are Legg Mason, joining Benchmark Capital and Technology Crossover Ventures and PAR capital from the previous round. According to Spencer Rascoff, CFO, the capital will be used for expanding the team and building new products. All this is bringing back fond memories of the last bubble.

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TugLink : Social job finders network

TugLink.com is an online social job search community where members help each other land interviews for desired jobs. Thus, a job-seeker can find his dream job on a job board or corporate web site, post it on TugLink.com, “name the price” (i.e. announce a referral bonus), interview for the job, and get hired for it (video here). People familiar with the business describe TugLink.com as “Monster.com meets MySpace.com”. - Contributed by Vadim Nemtsev, Founder of TugLink Inc.

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Future dating: 23andme and Illumina

Future dating: 23andme and Illumina
Here is a new algorithm parameter for eHarmony - use genomes for matching! 23andme, the secret personal genomics company founded by Google founder Sergey Brin’s wife, Anne Wojcicki, is partnering with Illumina a company that does gene typing for clients and puts it on their web page so people can map their own genomes. Illumina CEO Jay Flatley carries around his gene code on his iphone! From Venture Beat.

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Facebook fundraising

Over at All Things Digital, Kara Swisher says that she has credible information that Facebook is getting ready to open another investment round “at a huge valuation.” Last year, Yahoo offered $1 billion and was turned down by Zuckerberg, not to mention the rumored Microsoft deal for $6 billion. The last round Facebook did raised $25 million at a $525M pre-money. This time, look for a valuation in the billions, sources say.

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Apple’s stock loses traction after iPhone price cuts

Steve Jobs’ announcement on Wednesday that Apple is cutting the price of their 8 gigabyte iPhone by $200 to $399 immediately angered early adopters that have already purchased the iPod/phone. News of the price cut and prediction of the backlash hit Wall Street the day before, causing a slide for the company’s stock that continued through today: AAPL is currently down 9% from Tuesday, equating to a market cap loss of $11 billion. In the same announcement, Jobs revealed a new iPod model sharing many UI similarities with the iPhone, including Safari and Wi-fi support.

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Silverlight: Moving web 2.0 to the next level

Silverlight: Moving web 2.0 to the next level

Microsoft has just released its much anticipated Silverlight platform for development of interactive Web applications. Silverlight will enable cross platform apps on Web, PC and mobile devices. Microsoft also announced that it will provide Linux support for Silverlight. Silverlight is expected to be the next big thing after Javascript and Flash.

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5 facts about Google phone

Over at GigaOm, Om Malik has served up 5 facts about the much-rumored Google phone from a “reliable source” that are worth checking out. Quick summary: the OS is Linux-based, it will run Java apps, supports video playback, the web-browser is Java-based and has UI similarities with iPhone’s Safari, and the phone apparently resembles the T Mobile Dash in terms of handset design.

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Sony T200 Cybershot - the Smiley camera

The Sony T200 Cyber Shot camera has a really neat feature - a smile detector . When the function is turned on, the camera actually waits for the subject to sport a smile before it clicks - automatically! The camera can be turned into an auto clicking mode where it will fire the shutter consecutively for 6 smiles. A lot of parents who are trying to get their kids to look happy on camera, should be very pleased with this invention.

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SpaceX receives NASA approval for Commercial space cargo vehicle

SpaceX, a company which is developing commercial space vehicles, received a safety go ahead for its Dragon spacecraft, from NASA. A year ago, two teams form SpaceX and Rocketplane Kistler won the $500 million prize put up by NASA for the demonstration of new space ships that can ferry crew and cargo to resupply the space station.

“To date, no other group has passed the Hazard of Collision report the first time through or completed the overall review in such a short time,” said Elon Musk, CEO of SpaceX. “The fact that we passed in under a week speaks well of our team’s capabilities.”

Elon Musk is also the co-founder of PayPal.

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