Google Chief Executive Officer Eric Schmidt said Tuesday in Berlin that the Mountain View company plans to extend its Web television service from U.S. viewers to global consumers in 2011. Google has an agreement with Sony to launch Web TV in the United States this fall, while Samsung Electronics Co., the world's largest television manufacturer, said Tuesday it may make sets run by Google's software to compete with Sony and Apple in the market for TVs that access movies, shows and games online. Schmidt declined to say which other manufacturers will integrate Google Web TV into their televisions. "We will wait for them to make their announcements," Schmidt said at a press briefing at the IFA consumer electronics conference in Berlin. "You should expect that other TV manufacturers would love to have this product. It's free."
Menlo Ventures, the biggest investor in Fremont-based 3Par Inc., is raising capital for a new fund, said two people familiar with the matter. The Menlo Park firm is attempting to bring in $600 million to $800 million, one of the people said. The venture firm, which has raised more than $4 billion in its 34-year history, mostly invests in late-stage technology startups. The people declined to be named because the fund-raising isn't public. If it reaches $800 million, the fund would be the biggest started in the U.S. this year, surpassing Battery Ventures and Institutional Venture Partners, which each raised $750 million. Still, it would be smaller than Menlo's last fund in 2005, which brought in $1.2 billion.
San Jose-based Cisco Systems Inc. and Westcon Group North America agreed to pay $48 million to settle claims that they overcharged the U.S. government, the Justice Department said. The settlement resolves claims that Cisco and Westcon overcharged taxpayers through a General Services Administration contract. The accord settles a lawsuit filed by whistle-blowers Norman Rille and Neal Roberts in Little Rock, Ark., under the federal False Claims Act. The Justice Department previously settled claims by the same men over allegations against Palo Alto-based Hewlett-Packard Co., EMC Corp., IBM Corp., Computer Sciences Corp. and PricewaterhouseCoopers LLP.
Compiled from staff and wire reports. Got Bay Area business news? Reach Drew Voros at 925-943-8099 or email@example.com.