High profile telecoms industry figure, Justin Milne, has resigned from the board of Internet kiosk maker PieNetworks, less than a year after joining the board and being appointed its chairman.

Australian online DVD rental and online movie service, Quickflix (ASX: QFX) has received a ringing endorsement from US cable TV giant Home Box Office which is paying $10m for a 15.7 percent stake in the company.

Australian-listed integrated mobile and digital communications company, Mobile Embrace, has raised $1.1 million in a private placement.

New Zealand-listed accounting software vendor, Xero, has raised a further $15.5 million from existing strategic investors in the company to support its future growth in Australia and globally, at the same time as it announced the acquisition of practice management company, Max Solutions, the developer of job, time and invoice management solution WorkflowMax.

  If Facebook thought they were under public scrutiny previously, they ain't seen nothing yet.  

Despite endlessly consistent rumours that Facebook will commence an IPO process to raise $10B, it seems that a late decision has been made to reduce the amount to $5B.  

The frenzy of Facebook IPO rumours continues unabated.  Do we now know the trading launch date?

Circle the wagons, folks.  If you believe the hype-makers, it will be the end of the world as we know it when the widely rumoured Facebook IPO hits the streets on Wednesday February 1st.  Or will it?

The Apple snowball just keeps rolling. The company has reported another record-breaking quarter.

Powerlan (formerly ASX: PWR) has changed its name to Clarity OSS Limited (ASX: CYO) - the company's only business following the sale of all other assets.

IBM was granted a record number of US patents during 2011.

After a four month search, Yahoo has finally announced their new CEO.

Satellite service provider NewSat (ASX: NWT) is seeking $26m from its shareholders to help fund the construction and launch of its Jabiru-1 satellite planned for launch in 2014.

Tel.Pacific (ASX: TPC) is to merge with telephony, VoIP and prepaid card service provider gotalk in a deal that will give gotalk shareholders $8m in cash and 15 percent of the combined entity.

Mobile phone dealership, Strathfield Group (ASX: SRA) - currently in voluntary administration - has revealed that Optus terminated its dealership arrangement last month, after 11 years.

There appear to be two possible bids either on the table or in the next room for Yahoo!  Will there be a bidding war between Microsoft and Alibaba?

Just about everyone you ask has a different opinion on the 'real' valuation of Facebook; some even seem to have multiple opinions!

Daniel Sheahan, the CEO-elect of listed software company ComOps, remains bullish about the company’s prospects in the coming 12 months in spite of a challenging year for the company, and a share price that has dwindled to just 1.7 cents.

Amcom Telecommunications (ASX: AMM) has acquired, for $15m, L7 Solutions, a company specialising in the provision of IT integration solutions, managed services, advisory and related services.

Shareholders of Australian communications equipment maker NetComm (ASX: NTC) have approved a change of name to NetComm Wireless to reflect the company's shift of focus away from fixed line and consumer communications technology to wireless equipment for telcos and the machine-to-machine market.