Morning tech tip sheet: Wed., May 12: Online budget cutting, FTC (still) reviewing Google/AdMob

More tech news:

Google-AdMob deal gets more time (NYT) -- From Brad Stone: "Google may have gotten some help from its rival Apple in its attempt to acquire the mobile advertising start-up AdMob.
The Federal Trade Commission got a two-week extension from Google and AdMob for its review of Google’s $750 million acquisition, according to two people briefed on the review process. The agency wants to use the additional time, in part, to better understand the competitive effects of Apple’s purchase of Quattro Wireless, an AdMob rival, and Apple’s impending introduction of its new iAds mobile advertising system, these people said."

Apple/Adobe feud helps video solutions companies (USA Today) -- Jefferson Graham notes the emerging trend: "As Apple (AAPL) and software giant Adobe (ADBE) battle over the future of online video, there's one clear winner: Services that help companies add video to their websites. ... Outfits such as Brightcove, Sorensen Media's 360 and Ooyala charge companies a monthly fee to ensure that their videos will play both on the Web and on mobile devices such as Apple's iPhone and new iPad touch-screen tablet. They serve a range of businesses with heavy video demands: media companies, restaurants, hotels, travel agencies and more."


Report highlights firms launched by federal R&D (Tech Daily Dose) -- According to Juliana Gruenwald, "A new report released Tuesday by a nonprofit coalition of public and private research universities highlights 100 companies that got their start as a result of federal investments in basic science research. ... Among the companies flagged by the report as having gotten their start as a result of federal research dollars was Google, which was started in part with support from grants from the National Research Foundation. Google, which was originally named BackRub, began as a research project by Google co-founder Larry Page and was soon joined by Sergey Brin while they were both doctorate students at Stanford University, according to the report from the Science Coalition."

Facebook makes gains in Web ads (WSJ) -- From Jessica Vascellaro: "Facebook Inc. is catching up to rivals Yahoo Inc. and Microsoft Corp. in selling display ads. ... In the first quarter, Facebook pulled ahead of Yahoo for the first time and delivered more banner ads to its U.S. users than any other Web publisher, according to market-research firm comScore Inc."



House Small Business Committee
Hearing on “Small Businesses and Broadband: An Engine for Economic Growth and Job Creation”
Where: Rayburn 2360
When: 1 p.m.


Senate Commerce Committee (full)
Hearing on "The future of U.S. human spaceflight."
Where: Russel 253
When: 2:30 p.m.
[FLASHBACK -- When Commerce took on the topic earlier this year, at the height of frustration over the president's plan to nix the space shuttle, lawmakers from both parties railed on the White House's budget.]


Computer & Communication Industry Association
Annual Washington Caucus
Where: Newseum
When: All day Thursday; Invite/RSVP required
Note: A score of lawmakers -- including Reps. Rick Boucher (D-Va.) and Zoe Lofgren (D-Calif.) and Sens. Amy KlobucharAmy KlobucharDemocrats mull overhaul of sweeping election bill House unveils antitrust package to rein in tech giants Democrats reintroduce bill to create 'millionaires surtax' MORE (D-Minn.) and Mark BegichMark Peter BegichAlaska Senate race sees cash surge in final stretch Alaska group backing independent candidate appears linked to Democrats Sullivan wins Alaska Senate GOP primary MORE (D-Alaska) -- as well as top White House officials will deliver speeches on technology and job creation at the event.

House subcommittee on Communications, Technology and the Internet
Hearing on "The National Broadband Plan: Promoting Adoption"
Where: Rayburn 2123
When: 10 a.m.