But even though all of the 75 specialty technology funds listed by Morningstar are down year-to-date, some of the portfolio managers have found ways to minimize the carnage, which has seen the category pushed into the red by an average of 19.16 percent as of Friday.
New numbers from metrics firm ComScore show that in May, the battle of the social-networking sites may have gained a new front-runner: Facebook appears to have surpassed longtime rival MySpace in worldwide unique visitors for the first time. ComScore representatives said that this began in April when Facebook passed MySpace by a hair, and widened in May.
Facebook, according to ComScore, pulled in 123.9 million unique visitors in the month of May, beating MySpace's 114.6, and 50.6 billion page views compared to MySpace's 45.4 billion. It's been a slow but steady upward climb … Read more
Kleiner Perkins Caufield & Byers on Thursday announced the expected creation of a fund dedicated to growing green-technology firms.
The Silicon Valley venture capital firm said $500 million out of a larger $1.2 billion fund will go to "growth stage" green-technology firms that need additional capital to commercialize their work.
Kleiner Perkins established a $100 million green-technology fund in 2006 for start-up seed funding. This Green Growth Fund will make investments of $10 million to $50 million to ramp up existing companies, Kleiner Perkins executives told The Wall Street Journal.
The structure of the fund reflects one … Read more
CIOZone.com has ranked the top-60 fastest-growing (public) software companies of at least $150 million in revenue, with VMware leading the pack and Red Hat claiming 12th place with a 33.6 percent growth rate. Not bad for a company that gives away its software for free.
But then, perhaps it's not surprising since Google, ranked second on the list, largely does the same.
What's most impressive in the list, however, is the growth rate being sustained by Oracle and Microsoft, because they're growing from a much larger base. It's fantastic that Red Hat is growing … Read more
In filings with U.S. regulators, Nokia on Thursday estimated that the growth rate for sales of its handsets in Europe had shrunk to 3 percent in 2007 from 16 percent in 2006.
What's more, the company said its growth rates had cooled in the Middle East and Africa (to 19 percent from 68 percent in 2006), North America (to 6 percent from 13 percent), and Latin America (to 10 percent from 15 percent), Reuters notes.
The global picture wasn't quite as wearying for Nokia: 2007 sales in the Asia-Pacific region grew by 34 percent, and in China, … Read more
Acer is cutting its sales forecast and it is blaming the shortfall on a smaller-than-expected boost from the release of Windows Vista, Taipei Times reported Friday.
Acer Chairman Wang Jeng-tang on Thursday told shareholders that company revenue for the year "will grow 30 percent to 40 percent compared to last year" and that Vista hadn't affected PC sales as positively as expected. Previously, Acer had expected greater than 40 percent growth. (Standard disclaimer: things often get lost in the translation in media reports from Taiwan, so you may want to take the report with a grain of … Read more