This is the tiniest and most awesome thumbdrive ever . I made a big deal about Maxell’s new drives having a MicroSD reader, but will you look at this thing?

Finnish computer security provider F-Secure has acquired venture-backed French startup Steek for €27.5M (approx. $38.75 million) in cash with the possibility of a further performance-based payment of up to €2.5M ($3.5 million) next year.

Flickr Who knew?

Kids! NERF 2: “N-Strike” Elite is coming out on the Wii this fall. You’ll get the above-pictured SWITCH SHOT EX-3 blaster. That little flip-up “red reveal lens” shows in-game secret messages and enemy weak spots right there on the screen.

One thing I hated about being a corporate lawyer at Wilson Sonsini back in the day - we got to work on really cool deals (the last deal I worked on before leaving for a startup was the AOL/Netscape merger), but we were only brought in at the very end to paper everything.

Before everyone gets in a huff, let’s consider Amazon’s intentions with these patent applications. Surely they would never allow advertisements to be placed in books which you have purchased legitimately at full price, so let’s put that out of our heads. But what if you could take a few bucks off the cover price at the cost of a few contextual ads relating (if possible) to the book’s content

According to The Hollywood Reporter , movie studio Universal has won a bidding war to pick up the film rights to the classic Atari video game “Asteroids” . Initially released as an arcade game back in 1979, Asteroids featured a triangular space ship that needed to be navigated through an asteroid field. The object was to shoot and destroy masses of rock and the occasional flying saucer while avoiding smashing into both, so we suspect it will not turn out to be romantic comedy.

The news of Professor Rajeev Motwani’s untimely death on Friday afternoon spread quickly throughout the couple of hundred attendees of tonight’s TechFellow event in San Francisco. The mood of the event turned from cheerful cocktail sipping banter to stunned silence

High profile advertising network Federated Media’s Chief Revenue Officer Chas Edwards has resigned, we’ve confirmed, and will shortly be taking a job at Digg with the same title. Thomas Shin , who Digg stole from Yahoo earlier this year, will report to Edwards

Semantic ad technology provider Peer39 is announcing the closing of its Series C round to the tune of $10.5M, pushing the total amount of funding raised to over $22M . The round was led by Israeli VC Evergreen Venture Partners and was joined by the company’s existing investors Canaan Partners, Dawntreader Ventures, Silicon Valley Bank, and JP Morgan