Will France Telecom (FTE) merge with Deutsche Telekom (DTEGY.PK)?
Neither side is going to tell me, of course. But here’s what we know:
Deutsche Bank has increased its stake in France Telecom above 5%.
The French labor union CFE-CGC/UNSA read about that, and concluded that the German bank’s move represents a “profound change [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Samsung is considering equipping its televisions with Google’s (GOOG) Android software as the consumer electronics industry steps up its push into Internet-connected TVs. The comment, reported by Bloomberg, came from Yoon Boo Keun, who runs the Korean company’s TV business.
The Samsung exec also said the company is likely to meet [...]
Article courtesy of BARRONS.com: Tech Trader Daily
In a clear demonstration that the Oracle (ORCL) board sees the world a lot differently than the Hewlett-Packard (HPQ) board, Oracle on Monday announced that it has named former HP CEO Mark Hurd as president. (Or more precisely, co-president, since Safra Catz, who also has the title of president, remains [...]
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ClearCount Medical Solutions, a company that uses RFID chips to count and track surgical sponges, has raised $5 million in a second round of funding. Based in Pittsburgh, Penn., the company’s technology is used to prevent surgeons from leaving sponges in patients during surgical procedures. According to ClearCount, sponges are left behind in one out of every 1,000 to 1,500 intra-abdominal surgeries, and such incidents can lead to infections.
Existing investor Draper Triangle Ventures, a partner of Draper Fisher Jurvetson, participated in the round. ClearCount previously raised $4.1 million from Draper Triangle Ventures and angel investors in 2008.
PRESS RELEASE
ClearCount Medical Solutions, an innovator of patient safety solutions for the operating room, announced the close of its $5M Series B financing round. The company will use the funds to drive market penetration and research and development of its RFID-based solutions for hospital patient safety applications. ClearCount has developed the first FDA-cleared sponge counting and detection solution. The round was supported by both new and existing shareholders with participation by its leading shareholder, Draper Triangle Ventures, Midwestern-based Network Partner of Draper Fisher Jurvetson (DFJ).
“Thanks to the strong backing of our investors, this past year ClearCount completed a valuable distribution deal, signed major new customers and introduced an important new product that is making surgical procedures safer every day,” said David Palmer, CEO of ClearCount Medical Solutions.
“ClearCount’s patented RFID technology and offerings are more relevant than ever,” said Mike Stubler, Managing Director of Draper Triangle. “As improving the quality of healthcare continues to be a national focus, solutions that can also impact the efficiency and value a hospital offers its patients are sure to be adopted. ClearCount has shown this is true with its track record of customer and partnership wins.”
Retained sponges are the most frequent and dangerous of retained surgical items, a “Never Event” resulting in non-payment to hospitals and significant risk to patients. A large multicenter trial recently demonstrated that as little as a 30 minute surgical delay can nearly double the risk of infectious complications – every minute counts. By eliminating preventable hospital costs and delays associated with RSIs, including additional surgery and infection costs, litigation, unnecessary X-rays and anesthesia, ClearCount’s products can provide hospitals an improved reputation at a rapid rate of return on investment.
Tags: medical device, RFID
Companies: ClearCount Medical Solutions, Draper Fisher Jurvetson, Draper Triangle Ventures
Article courtesy of VentureBeat » Deals & More
Coinstar (CSTR) CEO Paul Davis told Bloomberg that the company, the parent of the Redbox video rental kiosk business, is seeking a partner to help it take on Netflix in the online movie streaming business. Davis downplayed the notion that the right partner might be Sonic Solutions, which already partners [...]
Article courtesy of BARRONS.com: Tech Trader Daily
A German court in Hamburg today ruled that Google’s (GOOG) YouTube unit can be held liable for damages when it hosts copyright-protected material without permission, Bloomberg reports. The case relates to three recordings by singer Sarah Brightman.
A YouTube spokesman in Germany said the company plans to appeal.
In another case, the [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Yup, pretty sure that’s what happened here. Broheim thinks it was predatory lending, lady friend blames Alan Greenspan’s policies. What? You don’t think that’s what could’ve sparked the increasingly physical argument captured above? If you have an alternative theory or any intel on the situation, please do share it with the group at this time.
Article courtesy of Dealbreaker
Take-Two Interactive (TTWO) shares are trading sharply higher after the video game company late yesterday reported much better than expected results for its fiscal third quarter ended July. While Take-Two is best known for its Grand Theft Auto franchise, the company’s strong results were propelled by a new title: the [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Conditions seems to be improving in the memory chip market.
Sterne Agee analyst Vijay Rakesh notes this morning that the Asian DRAM producers ProMOS and Powerchip yesterday posted monthly sales for August that were “much better than expected” given recent concerns with pricing on DDR2 and DDR3 DRAM pricing. He notes [...]
Article courtesy of BARRONS.com: Tech Trader Daily