CatchOfTheDay has attracted a market value of approximately $200 million following a massive investment round that attracted the interests of James Packer, Seek co-founder Andrew Bassat and a hedge fund associated with the likes of Facebook and LinkedIn.
tech investment - News, Features, and Slideshows
Microsoft and Hewlett-Packard have agreed to invest together to prepare customers for "the next generation of business computing," the companies' CEOs plan to announce later Wednesday in a joint teleconference.
IT professionals dealing with the economic downturn say some technologies warrant an investment even when budget dollars are tight.
A compromise on the U.S. stimulus package, an upbeat subscriber forecast from Research In Motion and news of a big investment plan by Intel this week did little to cheer IT investors about prospects for the tech sector, as vendors and analysts continue to curb expectations for sales.