Qwest to upgrade business Internet network

Wow, there are many news about it on internet, well Qwest Communications International Inc. will upgrade its Internet network for businesses over the next 16 months to make it fast enough to transmit 90 mammograms per second or a two-hour movie in nine seconds.

The Denver-based telecom plans to be able to offer 100 gigabits-per-second broadband speeds to businesses and governments using Ethernet services.

The upgrades will benefit the overall Qwest network by reducing the pressure on it created by steadily increasing bandwidth consumption of businesses and individual customers.

The project should also reduce the amount of power necessary for the network, making Qwest’s network not only faster but greener, the company said.

Qwest has already started the work. The upgrades are part of an overall deeper relationship with Paris-based Alcatel-Lucent, a major supplier of network technology.

Qwest is not disclosing how much the network upgrades will cost.

Source: Bizjournals.com ...Read More ! ⇒

Finance Site Mint.com Raises $14M in New Funding

Personal finance site Mint.com has raised $14 million in its latest round of venture funding, which was led by DAG Ventures.

The Mountain View, Calif.-based startup said this week that it secured financing from The Founder's Fund, current investors Benchmark Capital, Shasta Ventures, First Round Capital and Sherpalo.
The company did not disclose its current valuation. Since its launch in September 2007, the company has raised $31 million through three rounds of funding and a seed round.

Mint said it will use the funding to hire more engineers and to speed up product upgrades and partnership launches that are planned for the next six to 12 months.

Mint, which has more than 1.4 million registered users, is also set to roll out upgraded features on its site next week. These will mostly relate to Mint.com's budgeting functions, which let users see how they spend and save their money.

Source: NYTIMES ...Read More ! ⇒