VCs make googly eyes at 'Net again

Business: Venture capitalists are once again warming up to Internet innovation, after vowing to avoid the sector once the dotcom bubble burst. A sense of restored confidence, according to this story, is catalyzing a new generation of online services that have not only made it big, but also proven themselves sustainable business-wise.

Screencasts: An avatar of Jon Udell attends IBM's virtual block party, in which he reports on the social possibilities of 3D worlds. "One thing that's easier to do here than in the real world is bail out," he finds. Watch it here.

Databases: MySQL confirms that it will add a database monitoring and advisory service, code-named Merlin, to its MySQL Enterprise quiver of subscription services. Ingres, meanwhile, sets up shop in India with the aim of growing its business in that region.

The news beat: With profits down, EMC reveals intentions to layoff 1,250 employees. Microsoft foreshadows its Desktop Optimization Pack for Software Assurance, a suite consisting of pieces it acquired from Softricity, AssetMetrix, Winternals and DesktopStandard. And Skype says it will release a Symbian client by year's end.

Copyright © 2006 IDG Communications, Inc.

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