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Ex-RIM CEO sells all of his 26.8 million shares in one day

By: Trace Hagan | More News: Business, Financial & Legal | Posted: Feb 14, 2013 10:03 pm

It looks like one of RIM's old CEOs doesn't have much faith in the company. Jim Balsillie, one of the co-founders of the once great cell phone manufacturer has dumped all of his 26.8 million shares in just one day according to an SEC filing that was posted this morning. This certainly doesn't bode well for the company.




Those shares that were once worth $6 billion are now worth only about $375.2 million. Obviously, he is trying to jump ship while they still some have value. It's not likely that the price-per-share will ever return to the high that it was at just after the iPhone launched.


Some think that BlackBerry 10 will be able to turn the company around and others disagree. Reviews of the new devices have been mixed. The one clear message that has been sent by the former CEO dumping his stock is that he doesn't believe in the company.

Kickstarter releases mobile app for iPhone, iPod touch

By: Trace Hagan | More News: Apps | Posted: Feb 14, 2013 9:33 pm

In a move that took a surprisingly long time, Kickstarter has released an official app for the iPhone and iPod touch devices. The new app is available from the Apple App Store and will allow users to keep up with the latest projects, pledge support, and allow developers to keep in contact with contributors.




The app is a whole new way to experience Kickstarter. We took things we've learned from the past three years of building the site, and applied them to a total redesign for the iPhone. We redesigned the project page, browse pages, and others. And we focused on making three things really useful and fun: finding new projects, keeping up to date with projects you've backed, and offering great tools for creators.


You can find more information about the app from the company's blog post published today. There is no word on when an app could be coming to the iPad or Android platforms, though I would assume they aren't too far behind.

University of Southern California shows off battery featuring silicon nanowires, holds 3x the energy, charges in 10 minutes

By: Anthony Garreffa | More News: Science, Space & Robotics | Posted: Feb 14, 2013 9:08 pm

I really can't wait for the day when I can buy a new smartphone with a week-long battery, but it looks like the University of Southern California are working on it, almost like they're reading my thoughts.




This technology uses porous, flexible silicon nanowires for the anodes in a lithium-ion battery that would provide the high capacity, fast recharding and low costs that come with the silicon, but without the weaker previous attempts that relied on simpler silicon plates.


This would, in a best case scenario, provide us with triple the capacity of today's best batteries, a full recharge in 10 minutes and more than 2,000 charging cycles. This is where I say "shut up and take my money", but the money hitting my screen and falling onto my keyboard is doing nothing. To finish, researchers have estimated that there should be products hitting consumers' hands with silicon-sporting lithium-ion packs in two to three years, which isn't too long at all.

Mega looking to hold round of investment in 6 months, IPO could come in 18

By: Trace Hagan | More News: Business, Financial & Legal | Posted: Feb 14, 2013 9:03 pm

Cloud storage provider Mega has announced that it intends to hold a "pre-IPO investment round" within the next six months. Along with the announcement, they added they could be looking at an IPO within 18 months. These announcements come at a time when Mega is growing rapidly. By the end of January, Mega reported they were hosting over 50 million files.




That number now appears to be closing in on 100 million just 14 days later. "#Mega is not even one month old but already hosting almost 100 million files. We need more servers. Thank you my friends ;-)" They're clearly seeing some success and this could fuel a rapid IPO.


Dotcom is clearly doing something right with this new cloud storage company. They are doing a better job of remaining just inside the law as demonstrated by their shutting down access to a search engine that didn't have a DMCA takedown policy or agent.


It remains to be seen if the US government will accept Mega as a legitimate company, but it so far looks like a good business venture.

OpenSignal data says Sweden has fastest 4G LTE, US comes in 8th

By: Trace Hagan | More News: Connectivity & Communications | Posted: Feb 14, 2013 8:29 pm

While some people are still stuck using 3G, including most Sprint users, many countries around the world have been upgraded to 4G LTE. OpenSignal, a company that crowdsources signal maps for different carriers around the world, is reporting that Sweden's LTE is the fastest in the world.




Unfortunately for users in the United States, our LTE speeds come in at eighth overall. Above us is Sweden, Hong Kong, Denmark, Canada, Australia, South Korea, and Germany. After Germany, the speed really drops off from 14 Mbps to 9.6 Mbps in the United States. Japan follows behind us with 7.1 Mbps.


Part of the reason for this could be due to carriers in the United States only having access to 20MHz of spectrum for their network. In Sweden, and most other countries, carriers have double that amount available, which gives them more bandwidth. If you're on 4G LTE, what's the fastest speed you've seen?

LHC will be down for next two years undergoing maintenance and upgrades

By: Trace Hagan | More News: Science, Space & Robotics | Posted: Feb 14, 2013 8:03 pm

For those science junkies that were disappointed when the Large Hadron Collider didn't manage to end the world by creating black holes, you'll be getting another chance in two years. The LHC will be down for the next two years so that it can undergo maintenance and upgrades to bring it back to peak efficiency.




The device will eventually make its way back online sometime in 2014. At that time, it's expected that the particle accelerator will be operating at up to 14 trillion electron-volts, double the energy it was running at in 2011. Part of the reason the LHC hasn't achieved higher energies yet is due to the helium gas explosion which damaged and delayed the project.


This maintenance period will be used to fix that damage, perform maintenance and upgrade the detectors, electronic shielding, and ventilation system.

Raspbmc reaches final release one year after its inception

By: Charles Gantt | More News: HT & Movies | Posted: Feb 14, 2013 7:26 pm

Just over one year after its inception, Raspbmc has hit its final development release, version 1.0. Raspbmc is of course the Linux distro aimed at creating a perfect merger between the famed $35 Raspberry Pi and the popular media center software XBMC.




Since its release, the Raspberry Pi has been popular among the HTPC crowd because of its cheap price and high performance hardware. Sam Nazarko, the terrifyingly young developer of Raspbmc started the project just over a year ago, and has today announced that it has reached the final release for its version 1.0.


On his blog, Nazarko said:


"I've been working on Raspbmc for a year and am now happy to announce the final release and congratulate XBMC on such a remarkable new release. Just to clarify what confused a few. Final does not mean we're not doing any more work, it means the 1.0 version of Raspbmc is available and stable.

Samsung plans for Galaxy S IV to be most popular smartphone ever, may cut into Apple's supply chain resources

By: Charles Gantt | More News: Mobile Devices, Tablets & Phones | Posted: Feb 14, 2013 6:15 pm

Samsung is pulling back all reservations and is planning on its upcoming flagship smartphone, the Galaxy S IV, to be its best-selling phone ever. In a note released to clients this morning, Samsung said that it plans on building 100 million units of its upcoming next-generation Android phone.




Some analysts are speculating that with such a large production run, Samsung's component needs could pull resources from Apple's iPhone production. This news comes on the heels of reports that Apple may already be experiencing LCD manufacturing issues with its next-generation iPhone.


"The enormous 100 million S4 build plan (we estimate the S3 sold 60M) is leading some suppliers to say that they will reallocate resources away from Apple," wrote Peter Misek, analyst for Jefferies & Company. Regardless of the rumors, Apple is still planning two new smartphones this year, and we are willing to bet that they will be able to overcome any supply shortages.

The Pirate Bay ripped off by copyright group CIAPC, whom corners itself into a catch-22

By: Charles Gantt | More News: Internet & Websites | Posted: Feb 14, 2013 5:17 pm

In an attempt to further beat a dead horse, Finnish anti-piracy group CIAPC ripped off the style sheets (CSS) from the Pirate Bay website to style its own website. The group claims that they pulled such a move to make a point as to how easy it is to download things from the internet.




In a serious moment of irony, the group has placed itself in a position where it needs to either pay The Pirate Bay for infringing on its copyright, or admit that copyright law does not matter. The organization was able to theme their website to look like The Pirate Bay's website by scraping The Pirate Bay's website and "stealing" the CSS design code.


Usually The Pirate Bay founders have no issues with copying and sharing everything, but in this instance, they were simply unable to let such a small matter slide. In a statement, a spokesman for The Pirate Bay said:


"We are outraged by this behavior. People must understand what is right and wrong. Stealing material like this on the internet is a threat to economies worldwide. We feel that we must make a statement and therefore we will sue them for copyright infringement."

More layoffs from Valve reported, CEO statement released to curb rumors

By: Charles Gantt | More News: Current Affairs | Posted: Feb 14, 2013 4:20 pm

Yesterday we reported on the very talented Jeri Ellsworth being let go from her position on Valve's Steam Box development team, and today it appears that even more layoffs have taken place.




While the extent of the layoffs is unknown at the moment, sources are reporting that Valve may have terminated the employment of as many as 25 people. In addition to Ellsworth, Jason Holtman was also let go. Jason was head of Steam's business network, and was the person publishers negotiated with before their games appeared on Steam.


With rumors and accusations mounting, Valve CEO Gabe Newell released the following statement:


"We don't usually talk about personnel matters for a number of reasons. There seems to be an unusual amount of speculation about some recent changes here, so I thought I'd take the unusual step of addressing them. No, we aren't cancelling any projects. No, we aren't changing any priorities or projects we've been discussing. No, this isn't about Steam or Linux or hardware or [insert game name here]. We're not going to discuss why anyone in particular is or isn't working here."

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