SEC

Facebook isn't the only social networking company worthy of Hollywood treatment.

Cisco Systems plans to eliminate 6,500 full-time jobs in an effort to cut $1 billion in annual operating expenses

We may soon be able to read the infamous letter sent to Hewlett-Packard's board of directors that got former CEO Mark Hurd fired. And according to Business Insider, a person who has read the eight-page document from attorney Gloria Allred says, "It will burn your eyeballs."

The Securities and Exchange Commission is widening an investigation into the hot secondary market for shares of private companies such as Facebook, Twitter and Zynga. From the Wall Street Journal:

Maybe the Securities and Exchange Commission should buy a copy of Quicken. That might help. (Also see: SEC looking at trading of shares in private companies)

There's been a lot of talk this week about how well Apple is prepared for the possibility that chief executive Steve Jobs, now out on an indefinite medical leave, may be unable to resume his full-time duties as CEO.

It looks like a lot of those questions about Facebook's financial numbers are being answered.

The legal team for former Hewlett-Packard chief executive Mark Hurd has filed a motion to keep a letter written by the woman who accused him of sexual harassment from becoming public.

When a company is worth $27.7 billion and generates annual revenue of $60 billion, how is a $100 million settlement any kind of meaningful punishment or deterrent?

Dallas Mavericks owner Mark Cuban, who made his fortune as an early Internet entrepreneur, might be spending more time in another kind of court. From the Wall Street Journal: