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British man jailed for two years after hacking Zynga Poker servers and stealing $11 million worth of virtual currency

By: Array

Five letter word for this man? Idiot. A British man has been sentenced to two years in prison for hacking Zynga Poker servers and stealing $11.4 million worth of virtual currency for Zynga Poker.

 

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Ashley Mitchell, from Devon, hacked into the Zynga mainframe and stole the identity of two Zynga employees to transfer millions of dollars of in-game currency to accounts that were in his name. He then sold the chips on the "black market" for cheap chips for the game. After selling roughly one third of the chips, he had made Ā£53,612. Not too shabby and for only a portion of the real "value" of the chips.

 

Continue reading 'British man jailed for two years after hacking Zynga Poker servers and stealing $11 million worth of virtual currency' (full post)

HP Press Release Takes a Stab At Oracle

By: Array

You'd think Oracle would have seen this coming.

 

HP Supports Customers Despite Oracle's Anti-customer Actions

Amid plummeting SPARC server market share, Oracle seeks to force customers to buy their servers

PALO ALTO, Calif., March 23, 2011

HP today reiterated that it will continue the development and innovation of ItaniumĀ®-based Integrity server platforms with its HP-UX operating system using a roadmap that extends more than 10 years.

In addition, HP will continue to support customers running existing versions of Oracle software on Itanium-based Integrity servers, both existing and future platforms, during the same timeframe. Last year, HP launched the industry's most modern mission-critical architecture in more than a decade. This constitutes the longest published roadmap of any UNIX vendor in the industry.

"Oracle continues to show a pattern of anti-customer behavior as they move to shore up their failing Sun server business," said Dave Donatelli, executive vice president and general manager, Enterprise Servers, Storage and Networking, HP. "HP believes in fair and honest competition. Competition is good for customers, innovation and the marketplace. We are shocked that Oracle would put enterprises and governments at risk while costing them hundreds of millions of dollars in lost productivity in a shameless gambit to limit fair competition."

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AMD employees Mike Wolfe as new CIO

By: Array

AMD have announced they've hired Mike Wolfe as AMD's chief information officer. Wolfe brings more than 30 years of engineering and information technology experience as well as being vice president of IT for product development and engineering at HP for the past five years.

 

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Wolfe will be responsible for managing AMD's global technology infrastructure and will report to Thomas Seifert whom is senior vice president and chief financial officer and interim CEO.

 

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AT&T are set to acquire T-Mobile for $39 billion

By: Array

The swipe of AT&T's ultra-platinum-super-crazy credit card can be heard the world over with news appearing today that AT&T has entered into a definitive agreement to acquire T-Mobile USA from Deutsche Telekom in a cash-and-stock transaction currently valued at approx. $39 billion.

 

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The agreement has been approved by the Board of Directors of both companies, Deutsche Telekom will receive an equity stake in AT&T that gives it an ownership interest in of approximately 8-percent. The deal also allows a Deutsche Telekom representative to join the AT&T Board of Directors. The deal is meant to be sealed, awaiting regulatory approval within the next 12 months.

 

Continue reading 'AT&T are set to acquire T-Mobile for $39 billion' (full post)

YouTube to hire 30% more staff

By: Array

Google have had a great time with YouTube and have said that 2010 has been a great year for YouTube. The results of this success are leading YouTube to hiring more staff to allow YouTube to grow. The plan is to expand its staff by 30-percent which makes it the largest hiring year in the history of YouTube.

 

 

Right now, YouTube has between 600 and 700 staff, a 30-percent increase would create 200 new jobs. YouTube launched on February 14, 2005 and has enjoyed rocketing success since. YouTube sees 35 hours of video uploaded for every minute that passes and well in excess of 2 billion views per day!

 

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Apple has 200 million iTunes accounts, is now the biggest credit card hub on the web

By: Array

Steve Jobs today announced at the Apple event in San Fransisco that Apple now have 200 million people with Apple ID (iTunes) accounts. These accounts are tied to credit cards with one-click purchase access.

 

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"Amazon doesn't publish their numbers. But it's very likely that this is the most accounts with cards anywhere on the Internet," Jobs said. Apple also has now paid out over $2 billion to app developers directly thanks to those 200 million customers from the App Store. Jobs also said there are now 350, 000 apps in the App Store with 65, 000 specifically built for the iPad.

 

Telstra set to open 100 new stores over the next 3 years

By: Array

Telstra are set to open 100 new stores over the next three years, the stores will feature a simpler product range and accessories tailored to suit local markets, Telstra chief executive David Thodey said. "Our existing stores welcome around 30 million customer visits each year, and this initiative means our retail outlets will now appear in even more locations, making it easier and more convenient for customers to interact with us," Mr Thodey said.

 

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Telstra are also looking at a new online customer service unit to improve customer satisfaction with the boom in its customer base. The unit would develop ways for Telstra customers to do more of their transactions such as, changing plans, ordering new services, or activate additional features, online rather than having to call a call centre.

 

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RumorTT: AMD is up for sale?

By: Array

Rumor has it AMD is for sale, with the rumors circling around AMD's stock rose by roughly 5-percent on Monday. Wedbush Securities analyst Patrick Wang said "there is no management team there" and he is right. CEO Dirk Meyer was forced out last month, COO Bob Rivet and strategy chief Marty Seyer last week.

 

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That's quite the loss for AMD all at once which leaves AMD with a large buyout target on it's back. Adding to the rumor-mill is Dell are interested in AMD. Dell could do with the acquisition as it would distance itself from the cold, corporate world that is Hewlett Packard, Lenovo and other rival system-builders.

 

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Valve is more profitable per head than Google or Apple

By: Array

Valve's digital distribution platform, Steam, has been rumored to control between 50 and 70-percent of the entire downloadable PC games market. The digital distribution market on PC is said to be worth $4 billion USD.

 

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Newell talked to Forbes as part of a company profile and said that Valve was "tremendously profitable", but would not give specific figures. Valve is a private company after all and does not release financial reports publicly either. Newell did say that Valve's 200 percent year-on-year growth and relatively small headcount of just 250 employees made the company more profitable than Google or Apple.

 

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Both Facebook and Google wanted to acquire Twitter, at $10 billion

By: Array

Facebook and Google both had Twitter in their targets last year and even went as far to have talks with Twitter. Obviously all three companies have declined to comment on the news.

 

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The meetings have let the flood gates open and rummaging through the wreckage is a golden nugget of info, Twitter was valued by Google and Facebook at between $8 billion and $10 billion. This is all according to sources quoted by The Wall Street Journal:

 

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