Motricity’s new chair; ex-Nortel CEO’s defense; Sssh – Red Hat joins OpenStack; Qualcomm soars; LivingSocial loses $538M; Kincect for PCs; Cisco exec bolts

Some of the latest high-tech and life science related news from the Triangle, North Carolina, the southeast and the world is just a click away.

• Motricity names new board chairman. StreetInsider.com has the details. Read more details here.

• Nortel trial: Former CEO sought profits by ethical means, defense says. The Ottawa Citizen reports. Read more details here.

• Red Hat quietly joins OpenStack for cloud software effort. ReadWriteWeb has the details. Read more details here.

• Qualcomm stock jumps to 12-year high as demand for smartphones grows, Bloomberg reports. Read more details here.

• LivingSocial loses $558M in 2011, Amazon – an investor – discloses. Bloomberg has the details. Read more details here.

• Microsoft launches Kinect for Windows, bringing Xbox 360 motion-sensing power to PCs. VentureBeat has the details. Read more details here.

• Former Cisco, Scientific Atlanta exec bolts for video-on-demand provider, Multichannel news reports. Read more details here.

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