Domain: hopto.org
Stories and comments across the archive that link to hopto.org.
Stories · 7
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MySpace CoFounder Says Purchase Was A Scam
Jonathan writes "Brad Greenspan says he's the real founder of MySpace, not Tom, and the sale of MySpace to News Corp. was a criminal act. In a nine-chapter report, he describes how this was accomplished by hiding the value of the site from Intermix Media's shareholders." From the article: "How was News Corp able to turn $327 million into $20 billion or more of value within a year? The Myspace/Intermix transaction was so low compared to other internet transactions that it is raising eyebrows by analysts and media everywhere. Everyone seems to be asking how News Corp. got such a good deal. It seems too good to be true! After signing the transaction to buy Myspace & Intermix (but prior to the closing), News Corp. itself even showed how strangely little it had paid for Myspace by immediately paying $3.99 per monthly page view for slow growing comparable IGN. News Corp. paid only .03 cents per monthly page view for the hyper fast growing Myspace. Therefore, we can conclude that the fair value of Myspace was 100x or more what News Corp. paid! " -
MySpace CoFounder Says Purchase Was A Scam
Jonathan writes "Brad Greenspan says he's the real founder of MySpace, not Tom, and the sale of MySpace to News Corp. was a criminal act. In a nine-chapter report, he describes how this was accomplished by hiding the value of the site from Intermix Media's shareholders." From the article: "How was News Corp able to turn $327 million into $20 billion or more of value within a year? The Myspace/Intermix transaction was so low compared to other internet transactions that it is raising eyebrows by analysts and media everywhere. Everyone seems to be asking how News Corp. got such a good deal. It seems too good to be true! After signing the transaction to buy Myspace & Intermix (but prior to the closing), News Corp. itself even showed how strangely little it had paid for Myspace by immediately paying $3.99 per monthly page view for slow growing comparable IGN. News Corp. paid only .03 cents per monthly page view for the hyper fast growing Myspace. Therefore, we can conclude that the fair value of Myspace was 100x or more what News Corp. paid! " -
Tropical Storm Alpha Sets Naming Record
vekron writes "Tropical Storm Alpha formed Saturday in the Caribbean, setting the record for the most named storms in an Atlantic hurricane season. This is the first time the U.S National Hurricane Center has resorted to using the Greek alphabet since it began naming tropical cyclones in 1953. The previous record of 21 named storms had stood since 1933. Alpha was the 22nd to reach tropical storm strength this year, and the season doesn't end until November 30. At 8 p.m. EDT, Alpha was 70 miles south of Santo Domingo, in the Dominican Republic. Tropical storm warnings have been posted for the entire coastline of the Dominican Republic and Haiti and for the southeastern Bahamas and the Turks and Caicos Islands. The storm is moving northwest at about 15 mph with winds at the center of 40 mph and is expected to make landfall late Saturday or early Sunday. The National Hurricane Center is tracking this storm; it is offering updates about its development as an RSS feed." -
Slashback: GSM, Buffy, Wobble
Slashback tonight brings you updates on the future of Iraq's cellular infrastructure, the real reason Buffy is departing, Intuit and Macrovision, and more. Read on below for the details.Macrovision, everyone's favorite killjoy. byteCoder writes "Apparently Macrovision marketing is trying to put a good spin on Intuit's plan to eliminate the use of Macrovision's DRM software for pre-paid copies of TurboTax (as discussed last week here). This reminds me of the classic Monty Python line: "I'm not dead yet!""
That's got to be some spin -- An anonymous reader points to Eric Hellweg's Tech Investor on CNN, which suggests that the backlash which triggered Intuit's copy-protection reversal may have cost the company $100 million.
Can I use my Go Phone there? An anonymous reader writes ""In a follow-up to the Slashdot article 'CDMA vs GSM in Post-war Iraq,' The Reg has a story about how MCI has won the contract to rebuild the mobile phone system with GSM. This is a good thing for the people of Iraq that GSM is being used, GSM is the world standard and several U.S. companies (AT&T for one) are switching to GSM."
Adding Money to Insult. Neophytus writes "Remember the 'Star Wars Kid' that waxy.org found a couple of weeks ago? Well after over a million downloads the guy has been found. His name is Ghyslain, a 15-year-old tenth grader living in Quebec. Jish contacted him and got a brief, but interesting, interview."
No unlimited copy privileges in jail. the-dude-man writes "As reported here A 19-year-old pleaded guilty to costing DirectTV for leaking information about the secrets of DirectTV's most advanced anti-piracy technology to hacker websites. As part of the plea deal, Serebryany admitted to copying and distributing 800 megabytes of scanned documents from DirecTV, costing the company $68,000 in investigatory costs. Both sides stipulated to sentencing factors that carry six months to a year in prison under federal guidelines -- assuming no prior convictions. The sentencing court can depart from the guidelines only if the judge finds that the proposed sentence doesn't adequately reflect the facts of the case. According to court records affidavit, Serebryany's adventures began when he found himself with access to some of DirecTV's most coveted technological secrets while working for his uncle at a document imaging company at the office of a Los Angeles law firm, Jones, Day, Reavis and Pogue. The firm was representing the satellite TV company in a lawsuit against NDS, the makers of the smart cards DirecTV uses to control access to its signal."
For every 11 discontented customers, there's one of these happy oddballs! RedWingsSuck writes "A few weeks ago, I asked /. users what they thought about the wobble my 12" Power Book has developed. Last week Apple Care told me that I could send my laptop off for repairs. I decided to drive to the local Apple Store, about 15 minutes away, and drop it off. They had my laptop for less than 3 days. When I went in to pick it up, they told me that it was sent in and the BC (bottom cover) was repaired. It doesn't wobble anymore, so I am happy. I was really surprised with how fast it was fixed. I didn't mean to sound like I regretted my AiBook purchase in the last post, and now I even happier."
Relax, it's a television show. HardcoreGamer writes "Buffy creator Joss Whedon responds to questions from New York Times readers on Buffy the Vampire Slayer as it comes to the end of its 7 season run. He also discusses the now-canceled Firefly and concludes with one of the key reasons why the show is ending: 'I'm simply too tired.'"
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The War Between p2p and Record Companies Heating Up?
the-dude-man writes "Securityfocus.com Reports that there may be a new nasty turn to the battle between the p2p networks and the RIAA/MPAA. recently, the RIAA has been trying to flood kazza with files that appear to be valid copyrighted material (movies,mp3s, ect) but are empty or, in one case, of Madonna Louise Veronica Ciccone, contain a voice file asking, "What the f*ck do you think you are doing?". The p2p networks are considering a possible move agianst the RIAA in response to this by using recently enacted anti-spam laws." -
Books on IT (not Project) Management
bangpath asks: "I realize that many of my peers aspire to become managers in their field/respective subfields, but upon visiting Amazon and Barnes & Noble, I noticed a significant lacking in books about IT management. That is, most books that came up under this search were IT project management or IT systems management. Surely, these are important areas that an IT manager deals with frequently, but what about dealing with the people, policy, and responsibilities of IT? One would think that IT workers aren't the same as HR people, or Accountants, or the other types of people you'd find in a typical office. Can anyone recommend any books specifically about managing IT Professionals?" -
Books on IT (not Project) Management
bangpath asks: "I realize that many of my peers aspire to become managers in their field/respective subfields, but upon visiting Amazon and Barnes & Noble, I noticed a significant lacking in books about IT management. That is, most books that came up under this search were IT project management or IT systems management. Surely, these are important areas that an IT manager deals with frequently, but what about dealing with the people, policy, and responsibilities of IT? One would think that IT workers aren't the same as HR people, or Accountants, or the other types of people you'd find in a typical office. Can anyone recommend any books specifically about managing IT Professionals?"