By JP Mangalindan
October 29, 2010

Every day, the Fortune staff spends hours poring over tech stories, posts, and reviews from all over the Web to keep tabs on the companies that matter. We’ve assembled the day’s most newsworthy bits below.

  • Surprise, naysayers! Microsoft posted a record first quarter: $5.41 billion in earnings and $16.2 billion in revenue — in particular, sales were up 25%. CFO Peter Klein said in a statement that it was an exceptional quarter combining solid enterprise growth and continue strong consumer demand for Office 2010, Windows 7 and Xbox 360. (TechEye)
  • In a court filing, SAP admitted “contributory liability” in the case Oracle brought against it for copyright infringement involving its now-defunct TomorrowNow acquisition. (Information Week)
  • Though YouTube CEO Chad Hurly just stepped down from his position, he admits he’s been serving in more of an advisory role the past two years while Salar Kamangar, VP of Product Management, has led the company’s day-to-day operations. (Fortune Tech)
  • Intel announced the creation of the “Open Data Center Alliance,” a coalition of more than 70 companies that spends $50 billion-plus in IT investments and cloud research. (Digital Trends)
  • 10 reason why RIMS RIM’s PlayBook may falter. (eweek)
  • The Nexus Two is real, y’all. The Samsung-made device will feature a 4-inch Super AMOLED display, front-facing camera, and the upcoming version of Android, codenamed “Gingerbread.” It may also include Google’s version of Facebook, which the company is reportedly developing. (Redmond Pie)
  • Facebook is currently testing a new “Facebook Deals” service which enables businesses to provide deals whenever visitors check-in to a physical store. (All Facebook)
  • With more than 90% growth, Apple has now overtaken RIM to become the world’s fourth largest manufacturer of all mobile phones. (Fortune Tech)
  • Steve Jobs’ Pixar has put its rendering technology in the cloud — Microsoft’s Windows Azure platform. The reason? It’s dependable and is a choice that’s guaranteed to be around for a while. (seattle pi)
  • At Microsoft’s PDC conference this week, CEO Steve Ballmer pushed Windows Azure, Windows Phone 7 as a developer’s platform, and HTML5, basically calling the latter, the glue that ties all-things-web together. (Forward Thinking)
  • The just-announced Nook Color will use ARM’s Cortex A-based TI OMAP3621. No word yet on raw speed. (IntoMobile)
  • Adobe demoed its Flash-to-HTML5 conversion tool. Preview for eager developers below. (Adobe)

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