VMware shares suffered their biggest fall in six months after the surprise announcement that founder and CEO Diane Greene has left the company, reports Computing.co.uk.
The virtualisation company also warned that full-year sales for 2008 are likely to be "modestly below" previous expectations of 50% year-on-year growth.
Greene has been replaced by former Microsoft executive Paul Maritz, who was previously president of a division of VMware's parent company, EMC.
Peers call for cyber-crime shake-up
Peers are calling for a reversal of rules that stop UK victims reporting cyber-crimes directly to the police. The House of Lords science committee is also encouraging the government to introduce a data breach notification law, says The Register.
A follow-up report on personal Internet security by the committee of peers also calls for legislation to ensure banks are held responsible for losses caused as a result of electronic fraud. The three recommendations are the main findings from a second round of hearings by the peers on the issue of Internet security.
The government failed to take on board the recommendations that came out of the peers' first set of hearings last year, but the fallout from the HM Revenue and Customs data loss debacle has brought the importance of Internet security into focus for government ministers.
Divide on games industry ratings
A row has broken out between the games industry and the UK's content classifiers over who should regulate video games in the future, reports The BBC.
UK games industry body Elspa has called on the government to replace the British Board of Film Classification (BBFC) role in assessing video games.
The industry favours its own voluntary system, called Pegi. The BBFC's Peter Johnson said Pegi was a "box-ticking exercise" based on "no consultation with parents".
Google introduces cartoon chat
Google, known for its plain-Jane approach to Web design, has come up with something much wackier, says The New York Times.
The company has introduced Lively, an online tool that allows people to embody a cartoonish online avatar and have text-based conversations with friends and other Internet users in virtual chat rooms. The rooms can be added to any blog or Web site.
Google unveiled the new product in a post on its official blog - its characteristically understated way of introducing new features to the world. It can be reached at www.lively.com but is officially part of Google Labs, an area of the company's site where it showcases projects that remain in the beta phase.
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