Com2uS, a Korean based mobile games developer and publisher, has raised $8 million (US) in funding from US-based venture capital firms Storm Ventures and Walden International. This funding will be used to accelerate game development and aid marketing activities in Korea and abroad.

Com2uS currently has game offerings in 40 countries through multiple carriers such as NTT DoCoMo, China Mobile, T-Mobile and Vodafone Global.

EE Times is reporting that, Telabria, an early member of the WiMax Forum, has raised more than £1 million from private and institutional sources. The company plans to raise additional funds in the coming months and will use these funds to develop a WiMax wireless broadband network in South East England.

Nintendo announced that it would acquire 2.2 million shares of its own stock, representing 1.55 percent of the 130.08 million shares outstanding. Assuming the company acquires all 2.2. million shares at the propose $106 per share price, the purchase will cost 25.64 billion yen ($233.5 million).

Analysts believe this move is to limit any possibility of a hostile takeover. The resent “friendly” $600 million takeover bid for Taito by Square Enix is the latest combination in several years of game industry consolidation that has increased pressure on the only console manufacture to rely almost entirely on game related sales.

According to Gamesindustry.biz, Sony Europe’s Phil Harrison told audiences at GDCE that multiple versions of the Playstation 3 would be “unlikely” and would “confusing”. Harrison was quick to point out that these statement and others were his “personal view” and not an official Sony decision or release, but they do help set the differences […]

As we reported, Microsoft announced last week that the company was planning to add tools to its Internet Explorer toolbar to help combat phishing and scam sites.

Microsoft has made good on its statements by releasing a beta of The Microsoft Phishing Filter Add-in. The add-in will “warn” users with a bright yellow bar is it suspects a website is setup for phishing and will “block” users on a site that is confirmed on the online list of reported phishing sites. The add-in also has buttons that allow users to report any websites they suspect of being used for phishing or to inform Microsoft that any website with a “warn” flag is legitimate.

We applaud Microsoft’s initiative to make the internet safer for users, but we reiterate our concern that sites or companies may not be able to appeal the warning directly.

A new study release by Gartner predicts that revenues from Indian cellular services will reach $24 billion by the end of 2009, with a penetration of 30 percent and more than 300 million connections. The Indian cellular market grew 67 percent in 2004 but will need only a 35.6 percent compound annual growth rate (CAGR) to meet this prediction. Given the country’s economic growth and lack of a core landline system, this seems quite reasonable.