Mobifun’s Weblog

Intercasting, the company behind mobile social network app Rabble, has received about $12 million in its second round of funding, MocoNews has learned. This round in the San Diego-based company was led by Venrock, though not sure if previous first round investors also participated. The first round was completed in fall 2005, and was $5.5 million.

The company’s apps have been on Cingular, Verizon and MetroPCS in U.S, but it has recently added Sprint and VMUSA to power their mobile social networking services, we’ve learned. It also recently announced a deal with 3 UK. We’ll have more later as we get it.

At our recent EconSM conference, Intercasting CEO Shawn Conahan among others discussed mobile social networking on a panel…writeup from that panel is here.

Intercasting, the company behind mobile social network app Rabble, has received about $12 million in its second round of funding, MocoNews has learned. This round in the San Diego-based company was led by Venrock, though not sure if previous first round investors also participated. The first round was completed in fall 2005, and was $5.5 million.

The company’s apps have been on Cingular, Verizon and MetroPCS in U.S, but it has recently added Sprint and VMUSA to power their mobile social networking services, we’ve learned. It also recently announced a deal with 3 UK. We’ll have more later as we get it.

At our recent EconSM conference, Intercasting CEO Shawn Conahan among others discussed mobile social networking on a panel…writeup from that panel is here.

Microsoft’s Entertainment & Devices Division president Robbie Bach said in an interview with eWeek that the company’s Xbox 360 console, which has been steadily losing money since its debut, will become profitable some time next year. “It’s a business that will be profitable next year–we’ll make money next year and that will be the first time, which is pretty exciting,” he said, though he declined to name a specific date or figure. ”The next two or three years are the place where you need to make tracks, and the next two or three years are where you have to make money

A report from research firm iSuppli says the PlayStation 3 costs Sony $500 more than it costs Microsoft to construct Xbox 360 consoles. Moreover, the report suggests Xbox 360s are becoming cheaper for the company to make. The report breaks down component costs like motherboard, CPU, graphics processor and chipset, which all together cost Sony $352, versus $204 for the Xbox. The report also suggests, however, that prices for manufacturing the PS3, which currently costs Sony $840 per console, may come down thanks to increased capacity to produce the temperamental blue laser diodes that have been causing headaches at Sony