Laptop Killer? The iPad Comes Close

Kleiner Perkins Caufield & Byers is sending the signal that its investment strategy will shift to reflect the opportunities afforded by the soon-to-be-released iPad by Apple Inc.

John Gage is leaving Kleiner Perkins Caufield & Byers less than two years after he joined the firm as a partner tasked with advising its burgeoning clean-technology practice.

In this morning's Web roundup, one of the few drugmakers without a venture arm has finally decided to start investing in start-ups. Also, Madison Avenue's Mad Men are doomed, Meru Networks' IPO prices, and IBM throws a lasso around software start-ups.

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Xyratex (XRTX) shares are on the rise after hours on stronger-than-expected results for the storage subsystems provider's fiscal first quarter ended February 28.For the quarter, the company reported revenue of $319 million and non-GAAP profits of 96 cents a share; the Street had been projecting $309.7 million and 78 cents.Even [...]

Research In Motion (RIMM) this afternoon reported mixed results for its fiscal fourth quarter ended February 27, with revenues missing guidance but gross margin exceeding expectations. Disappointing revenues, combined with lower-than-expected shipments and ASPs below Street forecasts, together are pressuring RIMM's share price.RIMM posted revenue for the quarter of $4.08 [...]

Micron (MU) this afternoon posted better-than-expected results for its fiscal second quarter ended March 4.The memory chip company posted sales of $1.96 billion and fully diluted profits of 39 cents a share; the Street had expected $1.82 billion and 24 cents. Revenues roughly doubled the $993 million reported a year [...]

Bidz.com (BDIZ) says it has named Peter Hanelt as chairman, effective April 2. He succeeds David Zin berg, who remains CEO. Hanelt has been a director of the online jewelery auction company since 2006. He previously was COO of the Good Guys, a regional consumer electronics retailer, and before that, [...]

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