Limited partners want to restore some of the closeness with general partners that got lost back in the late 1990s when the venture industry ballooned, according to panelists at the NVCA annual meeting.

Stanford University President John Hennessy, who spoke on a panel with John Doerr, partner at Kleiner Perkins Caufield & Byers, at the National Venture Capital Association annual meeting Wednesday, said the role of venture capital in Stanford's endowment “has changed a lot.”

Venture capitalists and corporate investors say they are learning to work together.

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University of California-Davis officials have opted not to to adopt Google (GOOG) Gmail as the official e-mail program for the school, Information Week reports, over concerns about the company's ability to keep correspondence private.The story says that in a letter to staff last week, UC-Davis CIO Peter Siegel, Academic Senate [...]

ADC Telecommunications (ADCT) this afternoon posted better-than-expected results for its fiscal second quarter ended April 2.For the quarter, the company reported revenue of $274 million and non-GAAP profits of 10 cents a share, ahead of the Street at $273 million and 6 cents.For Q2, ADC sees revenue of $290 million [...]

Microchip Technology (MCHP) this afternoon reported financial results for the fiscal fourth quarter ended March which exceeded the company's recent guidance.For the quarter, MCHP posted sales of $278 million, with profits of 40 cents GAAP, 46 cents non-GAAP.In mid-March, the company had estimated that it would report profits of 37 [...]

ON Semiconductor (ONNN) reported better-than-expected Q1 results.For the quarter, ONNN reported revenue of $550.2 million and non-GAAP profits of 19 cents a share, mahead of the Street at $520.9 million and 17 cents.For Q2, the chip maker sees revenue of $565 million to $580 million, ahead of the consensus at [...]

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