Slashdot Mirror

McGruber writes "CNBC is reporting that Meg Whitman claims HP was defrauded in its purchase of Autonomy. 'We believed there is a willful effort on the part of certain members of Autonomy management to mislead shareholders when Autonomy was a publicly traded company, and to mislead potential buyers including HP,' Whitman said. 'We stand by the forensic review that we've seen,' she added. I wish her the same level of success I had when I filed an eBay claim." Also covered at SlashBI, which names the write-down damage: $8.8 billion.

dkleinsc writes "Three years ago, Microsoft came to an agreement with EU regulators that required them to provide users with a choice of web browsers. Last July, they found Microsoft in breach of that agreement. Today, they announced that this will result in charges, potentially resulting in fines as large as $7 billion." Microsoft gets one last chance to defend itself.

concealment sends this excerpt from CNBC: "A single mysterious computer program that placed orders — and then subsequently canceled them — made up 4 percent of all quote traffic in the U.S. stock market last week, according to the top tracker of high-frequency trading activity. The motive of the algorithm is still unclear. The program placed orders in 25-millisecond bursts involving about 500 stocks, according to Nanex, a market data firm. The algorithm never executed a single trade, and it abruptly ended at about 10:30 a.m. ET Friday."

Presto Vivace writes with news (as reported by Engadget) of a riot at Foxconn's Taiyuan plant, reportedly over guards beating up a worker, and writes "Something is going on at Foxconn. Do any Slashdotters know of a good source for news about Chinese labor disputes?" Reports of the riot are also at Reuters, TUAW, and CNBC, to name a few.

theodp writes "A day after taking Facebook public, CEO Mark Zuckerberg changed his Facebook status to 'married' after wedding longtime girlfriend and recent med school grad Priscilla Chan on Saturday. No word if Zuckerberg heeded Donald Trump's prenup advice."

Hugh Pickens writes "The Hill reports that GM has announced to employees at one of its facilities that it is suspending production of the Chevy Volt for five weeks and temporarily laying off 1,300 employees. Back when GM launched the beleaguered electric car, it boldly targeted sales of 10,000 in 2011 and 60,000 in 2012 but GM only sold 7,671 Volts in 2011 and just 1,626 so far this year. 'We needed to maintain proper inventory and make sure that we continued to meet market demand,' says GM spokesman Chris Lee. 'We see positive trends, but we needed to make this market adjustment.' Although President Obama promised he would buy a Volt 'five years from now, when I'm not president anymore,' the Volt has come under criticism from Republicans in Congress because of reports of its batteries catching on fire during testing. Ironically, the shutdown comes as gas prices are soaring, exactly the time when an electric car should be an easy sell." If it's still true that GM was taking a loss on every Volt sold, perhaps this is a blessing in disguise.

Hugh Pickens writes "John Markoff writes that an unsuccessful campaign against the Vatican by Anonymous, which did not receive wide attention at the time, provides a rare glimpse into the recruiting, reconnaissance, and warfare tactics used by the shadowy hacking collective and may be the first end-to-end record of a full Anonymous attack. The attack, called Operation Pharisee in a reference to the sect that Jesus called hypocrites, was initially organized by hackers in South America and Mexico and was designed to disrupt Pope Benedict XVI's visit to Madrid in August 2011 for World Youth Day and draw attention to child sexual abuse by priests. First the hackers spent weeks spreading their message through their own website and social sites like Twitter and Flickr calling on volunteers to download free attack software and imploring them to 'stop child abuse' by joining the cause. It took the hackers 18 days to recruit enough people, then a core group of roughly a dozen skilled hackers spent three days poking around the church's World Youth Day site looking for common security holes that could let them inside. In this case, the scanning software failed to turn up any gaps so the hackers turned to a brute-force approach of a distributed denial-of-service, On the first day, the denial-of-service attack resulted in 28 times the normal traffic to the church site, rising to 34 times the next day but did not crash the site. 'Anonymous is a handful of geniuses surrounded by a legion of idiots,' says Cole Stryker, an author who has researched the movement. 'You have four or five guys who really know what they're doing and are able to pull off some of the more serious hacks, and then thousands of people spreading the word, or turning their computers over to participate in a DDoS attack.'"

i_want_you_to_throw_ writes "The legal woes will soon be over for Sergey Aleynikov, a former Goldman Sachs Group computer programmer who had been convicted of stealing part of the Wall Street bank's high-frequency trading code. A federal appeals court overturned his conviction and recommended acquittal. We previously discussed this story when he was sentenced to 97 months in prison. It will be interesting to see their reasoning (an opinion is to be released) as well as what this may mean for other programmers developing high frequency trading code."

bonch writes "As expected, Google will pay the government $500 million to settle a criminal probe into whether or not they profited from the display of ads from illegal online pharmacies. Google had vaguely referenced its settlement plans in a quarterly filing last May after charges that ads from rogue pharmacies were still appearing on Google despite a change in advertising policy. Drug advertising generates lucrative profits of about $1 billion, leading critics to charge that companies like Google aren't vigilant enough in policing their advertisers."

shafty023 writes "It would appear Ron Paul (R-TX) and Barney Frank (D-MA) are going to be presenting a bill to legalize marijuana and thus end the failed war on drugs finally if it gets passed. What chances do you all think this bill has in the Senate and House or even surviving the president's veto pen?" Note that there would still be plenty of drug war left to go around, even if (as this bill sets out to accomplish) the Federal government stops chasing marijuana.

eldavojohn writes "Friday on CNBC, Bill Clinton gave an interview that is causing some unrest on popular news sites today. When asked if there is a role for government in terms of ensuring that the information out there is accurate, he replied, 'Well, I think it would be a legitimate thing to do. ... If the government were involved, I think you'd have to do two things ... I think number one, you'd have to be totally transparent about where the money came from. And number two, you would have to make it independent. ... let's say the US did it; it would have to be an independent federal agency that no president could countermand or anything else because people wouldn't think you were just censoring the news and giving a different falsehood out. That is, it would be like, I don't know, National Public Radio or BBC or something like that, except it would have to be really independent and they would not express opinions, and their mandate would be narrowly confined to identifying relevant factual errors. And also, they would also have to have citations so that they could be checked in case they made a mistake.' His statements have elicited responses ranging from a Ministry of Truth a la 1984 to discussion of genuine concern about internet rumors and falsehoods."

itwbennett writes "GameStop has been on a roll lately, purchasing both Impulse and Spawn Labs in the past week. Now it's ready to go after those casual gaming dollars, but first it needs to put a gaming tablet in your hands. GameStop President Tony Bartel told CNBC that his chain is going to start selling tablets later this year: 'If we can work with our partners and the OEMs and they come up with a great tablet that is enabled with a great gaming experience and coupled with a bluetooth controller, then there's no need to go out and develop our own. But if we can't find one that's great for gaming, then we will create our own.'"

rabidmuskrat writes "Are we too obsessed with Facebook? With 500 million users and a CNBC story about it, the answer would seem to be yes. PostRandomonium notes the media's obsession with Facebook, and how it impacts their news coverage — in particular, that of CNN. One out of every 13 Earthlings and three out of four Americans is on Facebook, and one out of 26 signs into Facebook on a daily basis."

Famous shoe designer Kenneth Cole stuck his fabulously shod foot into his mouth by tweeting, "Millions are in uproar in #Cairo. Rumor is they heard our new spring collection is now available online..." After an uproar from people who don't think revolution jokes are funny, he issued the following tweet: "we weren't intending to make light of a serious situation. We understand the sensitivity of this historic moment."

tetrahedrassface writes "As the US economic woes continue unabated, a German company is bringing gold-bearing ATMs to Mainstreet America. The machines accept credit cards, and will dispense 1 gram, 5 gram, 10 gram and 1 ounce units, as well as various gold coins. The company hopes to install 35 bullion machines in the United States this year, and will hopefully have several hundred up and running by next year. The machines will be decorated like giant gold ingots and be over two meters tall. Physical gold has both pros and cons, but from a safety standpoint would it be fine to have a couple of ounces in your pocket while walking around the mall? The giant, gold-dispensing ATMs will monitor the market conditions for gold every 10 minutes in order to reflect spot price changes as they occur." We already covered similar machines installed in travel hubs across Germany.

eldavojohn writes "As one of the creators of Mega Man, Keiji Inafune remembers the days when Japan redefined video games. He believes those days are long gone as he reveals much in his criticisms of Japan's ailing game economy. Inafune says Japan is five years behind — still making games for older consoles with 'no diversity, no originality.' When asked why, he responds, 'A lot of designers, if they find a genre that works for them, they stick with it. A lot of designers just stick to a set formula. That doesn't work any more. You can't just tweak the graphics, work just on image quality. You can't compete on that. The business side is not keeping up with investment. You need to be prepared to invest 4 billion yen or more on a game, and then spend 2 billion yen more to promote it. But Japanese companies can't do that. So we're losing out to the West in terms of investment in games. It's a vicious cycle, a deflationary spiral. Because you don't invest, you can't sell games, and because you don't sell games, you can't invest.' He compares making games for Japan and the US to Sushi and basketball — two popular things but each done in distinctly different ways by the two nations."

Across the country schools are asking students to bring in supplies to help offset budget cuts. Kids in Moody, Alaska received a must bring list for the start of the school year including: two double rolls of paper towels, three packages of Clorox wipes, three boxes of baby wipes, two boxes of garbage bags, liquid soap, Kleenex and Ziplocs. Pre-kindergartners at McClendon Elementary in Nevada, Tex. must bring: a package of cotton balls, two containers of facial tissue, rolls of paper towels, sheaves of manila and construction paper, and a package of paper sandwich bags. From the article: "'Some of the things that have been historically provided by schools, we’re not able to provide at this point,' said Barbara A. Chester, president of the National Association of Elementary School Principals."

A few months ago, 2K Sports announced a unique contest to promote a new game they were working on, Major League Baseball 2K10. They said whichever gamer was the first to pitch a perfect game and provide proof would win $1 million, with the contest running for two months. Reader yukk tips news that the two months have now passed, and 2K Sports has announced a winner. It turns out the prize was won on the very first day, by a player who had put less than an hour and a half of effort into it.

s122604 points out a CNBC story according to which "the catalyst for today's extraordinary price swing (at one point the Dow lost almost 9 percent in less than an hour) may have been because a trader entered a 'B' for billions instead of an 'M' for millions on a trade of Procter and Gamble: 'According to multiple sources, a trader entered a "b" for billion instead of an "m" for million in a trade possibly involving Procter & Gamble, a component in the Dow. (CNBC's Jim Cramer noted suspicious price movement in P&G stock on air during the height of the market selloff).' Unbelievable there are no safeguards to protect against this."

An anonymous reader writes "Banks will be offering a new service at the end of the year that will let customers take a photo of a paper check and have it be deposited in their bank accounts, making the smartphone one step closer to an ATM."

An anonymous reader points out this CNBC story which says that "New Jersey—known more for its turnpike, shopping malls and industrial sprawl—has become a solar energy powerhouse, outshining sunnier states like Hawaii and Nevada. And it's largely because of incentives that make it cheaper for residents and businesses to buy and install solar power systems."

lurking_giant writes "Well, Microsoft has done it again with the YouTube Windows 7 launch party video that is turning the stomachs of even the mainstream press with its clueless and campy marketing style. A Washington Post reader was quoted as saying 'If Microsoft had been put in charge of marketing sex, the human race would have ended long ago, because no one would be caught dead doing something that uncool.'" Even the Guardian's resident die-hard Apple hater calls it "the most nauseating advert in history."

An anonymous reader writes "Ubisoft CEO Yves Guillemot tells CNBC that he believes the next generation of video game systems isn't as far away as the public has been led to believe. Guillemot noted that public demand for the best machine possible, as well as coming competition from companies such as OnLive could spur Microsoft, Sony and Nintendo to roll out new systems sooner than they want. That's not good news for publishers, though, as he says games in the next generation will likely cost $60 million to create."

An anonymous reader writes "Sony is hinting that previously released games might be able to use its motion sensor controller. Jack Tretton said it would be 'absolutely conceivable' that existing games could get a patch when the controller comes out next year — and implied that some of the games shown at E3 this year could ship with motion sensing built into them. The president and CEO of Sony Computer Entertainment of America is also not happy about the leaks that preceded the company's E3 press conference (for example, details on the PSP Go). Tretton says it has become impossible to keep a secret in the gaming industry because of third-party publishers — and he's worried about the ramifications that will have as the company develops the PS4." Joystiq's Law of the Game column has a related article questioning the value of NDAs now that the sharing of information has become so easy.

animeking503 was one of several readers to send word that after closing its doors earlier this year, CircuitCity.com is alive and kicking once again. Systemax Inc., the company that owns TigerDirect and CompUSA, purchased the Circuit City e-commerce brand name last month, and has now re-launched the website with promises of lower prices and better service. The Consumerist points out that the new site's return policies leave something to be desired.

Anti-Globalism sends along a piece on how a consumer-friendly service is not so good for PC manufacturers. "Before they ship PCs to retailers like Best Buy, computer makers load them up with lots of free software. For $30, Best Buy will get rid of it for you. That simple cleanup service is threatening the precarious economics of the personal computer industry. Software companies pay hundreds of millions of dollars to PC makers like Hewlett-Packard to install their photo tools, financial programs, and other products, usually with some tie-in to a paid service or upgrade. With margins growing thinner than most laptops, this critical revenue can make the difference between profit and loss for the computer makers, industry analysts say."

An anonymous reader writes "From an article on cnbc.com: 'As employers hand out electronic devices to their employees at a greater pace, there are growing concerns that workers eligible for overtime pay, known as non-exempt employees, could begin suing their employers for overtime hours earned while tapping on their devices during after-work hours. As a result, lawyers are advising their corporate clients to update their policies and handbooks related to BlackBerry use and reconsider who gets a device.'"

AnonGirl writes "Big banks are launching mobile banks to 'keep customers and generate more payment revenue down the line.' Citibank is working on two pilots: one with Obopay, and the other for contact-less payments. AT&T phones will have Wachovia already installed in their phones by fourth quarter 2007. The downside: 'Even though banks are not charging for their service, carriers do charge for accessing data through their phone.'"

sketchkid writes "CNBC just reported that the nine states have dropped their planned presentation of a version of Windows XP without certain "middleware". Apparently, Microsoft said the news of this presentation blindsided them and that they would need "an indefinite period of time to prepare its response", but the states don't want to prolong the case any more."

Nuke Skyjumper writes: "According to a report on CNBC, it appears AMD is interested in purchasing Transmeta. I wonder what the implications for Linus, and in particular, Linux would be?" With the recent agreement between them, some people see them working even more closely together. But there's been a lot of hot air about this before - I think at one point people had been talking about Transmeta buying AMD. But, as always, time will tell.

Chait writes "Check this article out looks interesting! Will Linux Save Microsoft? " Its a fairly logical piece, and certainly not saying anything that any of us haven't thought about. My opinion has always been that as long as the source stays open, I don't care, but it'll definitely be interesting to see what happens.