· Facebook and Google are each reportedly negotiating a partnership with Skype, though Facebook is also considering buying the free calling app-maker altogether. Any such deal would hypothetically be valued at between $3 to $4 billion, significantly more than the $1 billion Skype's impending initial public offering (IPO) would raise. (Reuters)
· Cisco just announced a company-wide reorganization that will "streamline" the sales service and engineering divisions. Now the priority is five big areas, from its "Core" business, including routing, switching and services to data center virtualization and cloud. The move comes less than a week before Cisco reports its latest quarterly earnings. (All Things D)
· AOL CEO Tim Armstrong on why the Internet giant invested $40 million into the hyper local newspaper hub for the second quarter in a row. (Business Insider)
· Starting this fall, Apple may provide "over-the-air" software updates to its iPhones running on Verizon, so instead of having to hook up your iPhone to a computer to download updates via iTunes, software updates will download directly onto the phones themselves. (9 to 5 Mac)
· In other Apple rumors, the Cupertino-based company could release the next major upgrade to its desktop and software operating system, OS X Lion, via the App Store with no physical media necessary. (Apple Insider)
· Over on the Android front, two research firms predict the sheer number of Android apps in its marketplace will overtake Apple's App Store come August. (TechCrunch)
· Google Voice co-founder and former CEO Craig Walker just launched Firespotter, a start-up incubator with $3 million courtesy of none other than Google Ventures. As Walker tells TechCrunch, that's enough money to help out between four and six companies. (TechCrunch)