Hug Energy Shuts Down Citing Weak Interest From Investors

Hug Energy, which had developed an application for computer energy management, is shutting down. CEO Marcus Tallhamn made the announcement in a blog post and an email to users, citing weak investor interest. It’s a sign of how crowded the energy management space has gotten.

CumuLogic Bringing Sun Cloud Roots to Java PaaS

The growing Java PaaS market will soon need to make room for CumuLogic, an startup led by a team of Sun Microsystems veterans. The Sun connection is notable because Sun was the Java owner and development leader before its acquisition by Oracle early last year.

YouTube Revenues More Than Doubled in 2010

While YouTube wasn’t a big topic of discussion during Google’s fourth quarter earnings call, CFO Patrick Pichette let slip that revenues grew at the online video site more than doubled in 2010. There’s still no word on whether or not YouTube is profitable, though.

Your Future Samsung Phone Might Use a Color E-Ink Screen

Samsung has acquired Liquavista, a display company that uses an electrowetting technology for color screens. The process uses electrical charges to move colored oil and can use reflective sunlight to consume less power. With refresh rates at 60 frames per second, could smartphones use these displays?

After Missing Its Shot at Netflix, Amazon Buys Lovefilm

Amazon had long been rumored to want to buy Netflix. Instead, it bought the next best thing: Lovefilm. Regarded as the European version of Netflix, Lovefilm operates a DVD-by-mail and subscription streaming business. But will Amazon go head-to-head with Netflix in the U.S.?

X7 Cancelled: Nokia Needs AT&T More Than AT&T Needs Nokia

Launch rumors of the Nokia X7, a new Symbian smartphone, appear to be squashed as the phone will reportedly not be available on AT&T next month. Without carrier support for subsidies and marketing, the odds of Nokia gaining a foothold in the U.S. continue to decrease.

Meet Elastic Beanstalk, Amazon’s PaaS Play

Amazon Web Services, which built and popularized cloud computing with its Elastic Compute Cloud and Simple Storage Service has moved up the stack from infrastructure to providing Amazon Elastic Beanstalk, its brand new Platform-as-a-Service play. With Beanstalk, Amazon hopes to outgrow the competition.

Apple Q1 2011: Apple Wins Christmas

With record revenue, profits, and products sold, Apple today posted the holiday quarter results to beat all holiday quarters, at least until next year. Total revenue topped $26 billion, besting the closest quarter on record by more than $10 billion. and Verizon Just Made VoIP Sustainable and Verizon Communications today signed an agreement that could make it easier from companies such as Skype and Twilio to build out cool VoIP applications and service as well as set precedent ahead of any regulatory policy on how phone companies charge for VoIP calls.

iPhone OneNote App May Mean More Office Apps to Come

While the iPhone has received a couple Microsoft apps like Bing and Windows Live Messenger, Microsoft Office programs have been no shows — until now. Microsoft announced today it is releasing an iPhone version of OneNote, it’s note-syncing app for the iPhone.