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Trader who made unauthorized $1bn purchase of Apple stock pleads guilty to fraud charges

By: Trace Hagan | More News: Business, Financial & Legal | Posted: Apr 15, 2013 11:03 pm

You might not remember when a former Rochdale Securities trader was arrested last December or why he was arrested, but today he plead guilty to wire fraud and conspiracy after making an unauthorized purchase of $1 billion in Apple stock that led to the demise of Rochdale Securities.

 

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David Miller's lawyer:

What happened here was out of character for a kind and generous family man who has lived an otherwise law-abiding and good life. He deeply regrets what he has done and the harm it has caused to other people, including the former principals and employees at Rochdale.

 

David Miller ordered 1.625 million shares of Apple stock, telling Rochdale that the trade was for a customer. That customer had, in fact, only ordered just 1,625 shares of Apple stock. After the stock fell in price, Rochdale lost about $5.3 million.

 

The SEC has filed a civil fraud lawsuit against Miller. It's not clear what the SEC hopes to gain from the civil lawsuit.

Spotify launching in new markets, now available in Hong Kong, Mexico, Malaysia, and more

By: Trace Hagan | More News: Apps | Posted: Apr 15, 2013 10:31 pm

Spotify continues to expand its availability to other countries. Although an official announcement has yet to be made, Spotify is either doing a soft launch or slipped up as the list of countries now includes previously unavailable countries, including Mexico, Malaysia, and Singapore.

 

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Other newly added countries include Iceland, Hong Kong, Estonia, Latvia, and Lithuania. Reports have said that users are already able to access Spotify in Malaysia and Singapore. Spotify's service is pretty awesome. Unlimited free streaming with ads, or $5 per month to remove ads.

LeakedTT: Say hello to the Corsair Obsidian 350D mATX case

By: Trace Hagan | More News: Cases, Cooling & PSU | Posted: Apr 15, 2013 10:02 pm

Pictures of a purported new Corsair case have shown up ahead of the Obsidian 900D launch taking place this week. Reported to be the Obsidian 350D, this small case goes against Corsair's push for larger and larger cases. The 350D is designed for micro-ATX motherboards and smaller.

 

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The case measures 450mm x 210mm x 440mm, which is 17.7in x 8.3in x 17.3in for those who use Imperial measurements, which is still a bit on the large side. The case does look good. However, there has been no word on when the 350D would launch or for what price. In the meantime, let us know what you think of the design!

Continue reading 'LeakedTT: Say hello to the Corsair Obsidian 350D mATX case' (full post)

Amazon opens store designed for customers aged 50+

By: Trace Hagan | More News: Internet & Websites | Posted: Apr 15, 2013 9:31 pm

Amazon has opened a specialty store for consumers over the age of 50. Amazon is calling the new store the "50+ Active and Healthy Living Store." The new store features hundreds of thousands of items that are important for older consumers, some of which are too embarrassing to purchase in stores.

 

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The new store, browsable here, looks to capitalize on the growing market of older consumers. The AARP expects that 45 percent of the US population will be aged 50 and older by 2015. Amazon wants to make sure they have a specialized place to shop.

 

After all, a large portion of the 50+ category have Amazon accounts and enjoy shopping online.

Psy's Gentleman video hits 67 million views in two days

By: Trace Hagan | More News: Current Affairs | Posted: Apr 15, 2013 9:04 pm

Psy's new single, Gentleman, has seen its YouTube video watched a record 67 million times in just two days, beating out the records of Justin Bieber and Gangnam Style. Bieber previously held the record for most YouTube views in a day, which was bested by Gentleman with 22 million views in 16 hours.

 

 

Those are impressive figures. Gangnam Style took 60 days to hit 350 million views. An interesting note pointed out by VentureBeat is that, proportionally, Gentleman isn't nearly as well received as Gangnam Style. Gangnam Style has around 10 likes for every one dislike. Gentleman, on the other hand, has only six likes for every dislike.

 

What do you think of Psy's new single Gentleman?

Continue reading 'Psy's Gentleman video hits 67 million views in two days' (full post)

Sony launches 2Gbps Internet service in Tokyo, laughs in Google's face

By: Trace Hagan | More News: Connectivity & Communications | Posted: Apr 15, 2013 8:33 pm

Sony has launched the world's fastest home Internet service in Tokyo, Japan. The new fiber-based service is capable of 2Gbps download and 1Gbps upload, besting that of Google Fiber. Not only is Sony's new Internet faster, it's also cheaper, coming in at just $51 per month.

 

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The new service is called "Nuro" and is available to homes, apartments, and small businesses in Tokyo and six surrounding prefectures for $51 per month, with a two-year contract, and a $535.49 installation fee, which is currently being waved for people who apply online. The price includes the rental of an optical network unit.

YouTube celebrates VHS turning 57 by adding 'Tape Mode' to select videos

By: Trace Hagan | More News: Internet & Websites | Posted: Apr 15, 2013 8:01 pm

YouTube is celebrating VHS' birthday right. The social video sharing website has added a "Tape Mode" to select videos that causes the video to look like it is being played from a VHS. While watching a 1080p video as if it were from a VHS might not be the most pleasant thing to do, it certainly is a great way to celebrate the VHS turning 57.

 

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Tape Mode is only available on select videos and is somewhat hard to find. You can experience Kmart's "Ship My Pants" video in full VHS quality here.

 

Not too long ago, the video tape was the media of choice for living rooms around the world. In celebration of the 57th birthday of the first commercial video cassette recorder, check out a fun VHS mode for the YouTube player to relive the magic feel of vintage video tapes.

 

Check out tape mode and let us know what you think. Should this be a permanent YouTube feature?

OCZ in hot water with NASDAQ, receives letter threatening delisting

By: Trace Hagan | More News: Business, Financial & Legal | Posted: Apr 15, 2013 7:25 pm

OCZ has received a letter from the NASDAQ stock exchange explaining that they will be delisted from the stock exchange if they do not disclose financial earnings. OCZ is able to request a stay of delisting which will then have to be approved by the NASDAQ Listing Qualifications Panel.

 

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We all know OCZ has been in a bit of financial trouble and has laid off a large portion of its staff. It also delayed reporting its financial earnings and has still not reported earnings for the quarters ending August 31, 2012, November 30, 2012.

 

OCZ says that they have made substantial progress towards completing the required financial documentation.

HTC One has a launch video posted and removed, video claims it's 'everything your phone isn't'

By: Trace Hagan | More News: Mobile Devices, Tablets & Phones | Posted: Apr 15, 2013 6:29 pm

Interested in taking a look at the HTC One launch video? Well, it had been posted up on Funny or Die but appears to have been removed. Of course, it was only removed after people managed to get copies uploaded to YouTube. We've embedded the video below for your viewing pleasure:

 

 

The video is said to start appearing on websites today and movie theaters on April 26. The video makes fun of The Bachelorette with numerous people dressed as phones pretending to be the bachelors. HTC makes the claim that the HTC One is "everything your phone isn't."

 

Take a watch of the video and let us know what you think of HTC's new marketing.

Continue reading 'HTC One has a launch video posted and removed, video claims it's 'everything your phone isn't'' (full post)

ReportTT: Foxconn hiring for Zhengzhou factory, indicative of iPhone production ramping up

By: Trace Hagan | More News: Business, Financial & Legal | Posted: Apr 15, 2013 5:28 pm

Bloomberg is reporting that Foxconn has once again started hiring for their plant in Zhengzhou, the plant where Apple's iPhone is produced. Workers have apparently been recruited for the last month after Apple requested an increase in capacity at the plant. The workers will be constructing both existing models and new ones.

 

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The Wall Street Journal said that Foxconn has been hiring about 10,000 people per week since the end of March. Foxconn noted that Zhengzhou currently employs around 250,000-300,000 people, though they wouldn't say how many have been added during this most recent hiring binge.

 

If Apple has asked for increased capacity, you can imagine that Apple is working on ramping up production for the latest iPhone. Apple needs to get the iPhone released fairly soon to compete with the next-gen HTC One and Samsung Galaxy S4.

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