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11:10 AM ET, June 4, 2007

Techmeme

 Top Items: 
New York Times:
Palm Is Said to Sell Stake to Equity Firm in Revamping  —  Palm Inc., the struggling hand-held device company that makes the Treo, reached a deal yesterday to sell a quarter of the company to Elevation Partners, a private equity firm, for about $325 million as part of a plan to reorganize the company …
RELATED:
Rafat Ali / mocoNews.net:
Palm to Sell 25 Percent Stake To Elevation, For $325 Million  —  Palm, facing increasing competition in the industry, is selling a 25 percent stake to Elevation Partners, the private-equity firm that has Bono as a partner and a bunch of former Apple Inc. executives, reports WSJ.
Discussion: Macworld, Gadgetell and Mobility Site
Business Wire:
Palm Announces Strategic Recapitalization With Elevation Partners; World-Class Additions to the Board and Executive Leadership  —  Shareholders to Receive Distribution of $9 per Share in Cash  —  SUNNYVALE, Calif.—(BUSINESS WIRE)—Palm, Inc., (Nasdaq:PALM - News) today announced …
Thomas Ricker / Engadget:
Palm sells 25% stake to Bono and former Apple execs
BBC:
Launch date for iPhone revealed  —  Apple has confirmed that its much-anticipated iPhone product will launch on 29 June in the US.  —  The date was given in a series of TV adverts broadcast on Sunday, and was later confirmed by a spokesman for the California-based company.
Discussion: MediaVidea and SMS Text News
RELATED:
John Markoff / New York Times:
Fever Builds for iPhone (Anxiety Too)  —  During an onscreen demonstration of the iPhone in Apple's sprawling retail store here recently, an employee, clad in a black T-shirt, of course, surprised a potential customer.  —  Nonplused, the customer stammered, "You mean it's a cellphone, too?"
Ryan Block / Engadget:
iPhone release date confirmed: yours on June 29th
Michael Arrington / TechCrunch:
Microsoft: Silicon Valley Team Building Stealth Search Engine  —  Microsoft has gathered a team of twenty or more "rock star" developers who've been tasked at building their next generation search engine, a source has told us.  The team, which supposedly came together recently …
Guy Kawasaki / How to Change the World:
By the Numbers: How I built a Web 2.0, User-Generated Content, Citizen Journalism, Long-Tail, Social Media Site for $12,107.09  —  Because of Truemors, I've learned a lot about launching a company in these "Web 2.0" times.  Here's quick overview "by the numbers."  — 0. I wrote 0 business plans for it.
Discussion: PC4Media and Roam4free
Brooks Barnes / Wall Street Journal:
Hearst-Argyle, YouTube to Share Revenue From TV Video Clips  —  Hearst-Argyle Television Inc., one of the nation's largest operators of local TV stations, will distribute news, weather and entertainment video to Google Inc.'s YouTube in a revenue-sharing agreement.
RELATED:
Reuters:
YouTube signs licensing pact with Hearst-Argyle TV
Discussion: Mashable!
Marc Andreessen / blog.pmarca.com:
Bubbles on the brain  —  It has become commonplace in Silicon Valley and in the blogosphere to take the position that we are in another bubble — a Web 2.0 bubble, or a dot com bubble redux.  —  I don't think this is true.  —  Let's examine the theory of a new bubble from a few different angles.
RELATED:
Drew / Dembot:
Rocketboom Sponsorship Launch  —  Tomorrow on Monday we will be launching a new sponsorship model on Rocketboom!  —  Just over a year ago, we ran out money for Rocketboom. … The plan had materialized months prior but I never wanted to take the risk.  I certainly was into the excitement, but what if no one bid?
Discussion: Daily Feed and Podcasting News
RELATED:
Liz Gannes / NewTeeVee:
YouTube Sponsors Rocketboom
Discussion: Mashable!
Robert Scoble / Scobleizer:
The better iPhone: Nokia N95?  —  Mauricio Idarraga at Puremobile.com sent me a Nokia N95.  He wrote in the letter that came with the phone: … I'm in love already.  No, not with Mauricio.  Heheh.  Of course PureMobile is now going to get all my cell phone business.  But rather, I'm in love with the Nokia N95.
Cleve Nettles / 9 to 5 Mac:
Some VERY Interesting iPhone Developments  —  More info from around the proverbial "industry water cooler" has come out today on the iPhone.  Some interesting tidbits are starting to put the puzzle pieces together on how the iPhone will operate with the Macintosh OS (and Windows).
Ryan Singel / Wired News:
Desperate Botnet Battlers Call for an Internet Driver's License  —  SAN FRANCISCO — Frontline internet-crime fighters from security companies, law enforcement agencies, banks and e-commerce sites huddled at a secretive conference last week to confer on new tactics in the war on cybercrime.
Discussion: Techdirt and Vitalsecurity.org
Richard MacManus / Read/WriteWeb:
Amazon Comes to Twitter  —  The use cases for Twitter, the IM/blogging hybrid that has taken the blogger world by storm, continues to grow.  Tonight I spotted Amazon.com using Twitter to announce Gold Box deals.  I found out about this via (what else) Twitter, when bloggersblog pinged it …
 
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 More Items: 
PR Newswire:
Microsoft, Xandros Broad Collaboration Agreement Extends Bridge …
Computerworld:
Microsoft trounces pro-ODF forces in state battles over open document formats
Matt Cutts / Gadgets, Google, and SEO:
Five things you didn't know about Google's search
Mike Pegg / Google Maps Mania:
Add Driving Directions and Traffic to your Google Maps Mashup!
Marc Andreessen / blog.pmarca.com:
Killer Mac OS X apps for 2007
Dean Pullen / Inquirer:
PSP gaming phone spotted
Discussion: Cathode Tan
New York Times:
Specialized Software Maker Is Said to Be in Buyout Talks
Discussion: 24/7 Wall St.
Telegraph:
Baidu bowls Google a fastball
Discussion: WebProNews and InfoWorld
 Earlier Items: 
Xeni Jardin / Boing Boing:
Google Street View: would it be more/less evil if it were CIA or NSA?
Joe Wikert / Joe Wikert's Publishing 2020 Blog:
Book Design Blog
Discussion: TeleRead
Bill Ray / The Register:
Orange simplifies data by capping at 30MB
Joshua Karp / The Boy Genius Report:
Thieves nab $6 million worth of Vertu phones
Discussion: Newlaunches.com and Engadget
Raju Vegesna / Zoho Blogs:
Zooomr Mark III Launches
Peter Svensson / Associated Press:
Sony cuts price on new Blu-ray player
Discussion: Engadget and CrunchGear
Wall Street Journal:
Murdoch May Make Concessions, Up to a Limit, in Dow Jones Talks
Li Yuan / Wall Street Journal:
Amp'd Mobile Files Chapter 11
 

 
From Mediagazer:

Mandy Dalugdug / Music Business Worldwide:
UMG, ABKCO, and Concord sue Believe and its subsidiary TuneCore for $500M+, alleging Believe built its business via “industrial-scale copyright infringement”

Daniel Thomas / Financial Times:
BBC Chair Samir Shah calls for UK's “outdated” regulatory regime to be improved to let public service broadcasters compete with US streaming giants for viewers

Christopher Palmeri / Bloomberg:
Sources: Shari Redstone does not plan to stay on the board of Paramount Global after the company completes its planned merger with Skydance Media

 
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