IDG News Service, Marc Ferranti, Nancy Weil

Name: Catherine Goodison

Catherine Goodison

Facebook is revitalizing its effort to create a smartphone, recruiting engineers who have experience with mobile devices, according to a story in the New York Times Sunday.

Facebook has kept its renewed effort to come up with a smartphone quiet, avoiding putting ads on public sites, according to the article, which cited unnamed sources inside the company, people briefed by the company and people who had been the target of recruitment initiatives.

The Facebook IPO may have been a fiasco, but don't put the nail in the coffin just yet for other tech offerings this year.

The success or failure of tech company IPOs will depend on market conditions, not fallout from Facebook, analysts say.

Name: Amichai Shulman

Age: 43

Name: James Tholen

Age: 53

Chinese regulatory authorities have approved Google's acquisition of Motorola Mobility, paving the way for the deal to close within the week, company officials confirmed Saturday.

The companies announced last August that they had entered into an agreement for Google to acquire mobile phone and tablet maker Motorola Mobility for about US$12.5 billion.

In the latest move in a complex series of patent-related cases, Apple filed a motion in a U.S. district court late Friday to ban Samsung Electronics' Galaxy Tab 10.1 in the U.S.

The Apple filing came in the wake of an appeals court ruling earlier in the week that sided with Apple on the validity of an iPad design patent. Meanwhile, Apple and Samsung are scheduled to go into court-mandated settlement negotiations, set for May 21 and May 22, so the injunction is not likely to be granted over the next few days.

Name: Jim Kelliher

Age: 52

Scott Thompson told the Yahoo board before he was ousted as CEO over the weekend that he has thyroid cancer, The Wall Street Journal reported Monday.

Scott Thompson

Thompson revealed the diagnosis as evidence arose that seemed to contradict his story about why he was not responsible for a degree listed on his resume that he does not have, the newspaper reports, citing anonymous sources familiar with the situation. The cancer diagnosis came while Thompson's academic record was under scrutiny by a Yahoo board committee appointed to investigate the matter. Thompson did not want his illness to be publicly disclosed, a source told the Journal, and he has begun treatment for the disease.

Embattled Yahoo CEO Scott Thompson has left the company, Yahoo announced Sunday, after more than a week of controversy over questions about embellishments to his resume.

Scott Thompson

Ross Levinsohn, who is the company's head of global media, will serve as interim CEO while the board searches for a permanent replacement. Fred Amoroso has been named chairman of the board, Yahoo also announced. Those changes, are effective immediately.

Negotiations between LightSquared and its lenders remained "far apart" over the weekend, leaving the beleaguered would-be data carrier likely to file for bankruptcy protection Monday, The Wall Street Journal reported Sunday, citing anonymous sources involved in the negotiations.

LightSquared has until 5 p.m. Monday to negotiate a deal with lenders to keep from defaulting on loans. Sources told the newspaper that lenders are unlikely to grant LightSquared an extension to a debt-term violations waiver that expires at that time.

A range of tech vendors including Cisco Systems, Silicon Graphics International, BMC Software and CA Technologies this week reported quarterly earnings that had some solid numbers, but a cautious outlook for the rest of the year is spooking market watchers.

Shares of computer companies are still up for the year, and trading in IT companies ticked up Friday morning. As of Thursday's market close, computer companies on the Nasdaq were up 15 percent for the year. On Friday, Nasdaq computer companies were up by .79 percent in the morning session.