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Hours after Google unveiled their new "Google Wallet" mobile payment system, both online auction site eBay and online payment provider PayPal slapped the Search Giant, as well as former PayPal employees like Osama Bedier with a lawsuit alleging the theft of trade secrets. The court filing reportedly alleged the following on Thursday evening:
By hiring Bedier, with his trade secret knowledge of PayPal's plans and understanding of Google's weaknesses as viewed by the industry leader, Google bought the most comprehensive and sophisticated critique of its own problems available. Google put Bedier in charge of its mobile payment business, virtually ensuring that Bedier would misappropriate PayPal's trade secrets concerning planning and competitive assessments in mobile payment.
Bedier had evidently been drawn to Google at the behest of a Stephanie Telenious, a former eBay executive herself. When a former executive of a company that used to exclusively utilize a payments service from a company of which said executive lures to her current company of employment just in time to launch a service in the exact same domain- yeah, that's pretty dodgy guys, not going to lie.
Senator Ellen Corbett wants to force social network sites such as Facebook to allow parents access to their child's account. Excuse me? I thought I was living in a technology-welcoming, plugged-in liberal utopia here in San Francisco (so liberal in fact, that the public transportation has completely abandoned fascist principles like punctuality and reliability), but evidently I was incorrect.
Parents would be able to request that any content be removed from any social network (Twitter, Foursquare, etc) within 48 hours upon his or her request. More importantly, any social network that would fail or refuse to comply with these requests would be fined $10k for each refusal of compliance. This is a clear case of conservative "well-meaning" protection / governmental "nannying" that would have extraordinarily pernicious consequences for both social network sites and the concept of privacy as a whole. It's understandable that parents would want some kind of oversight over their children's public information, but won't this encourage a demographic backlash of secretive and encoded information? If the kids know the parents are "watching", won't they just find new and different forms of communication within that system to maintain their privacy? When I was a young upset, my group of friends most certainly had codewords for behavior or intentions we didn't want to expose publicly to our parents.
GPU giant meets Baseband & RF superstar, and $367 Million later an acquisition is born. Everyone at both companies is clearly excited about the deal, but nothing will be set in stone until a conference call held between the two companies Thursday, May 12, at 2:00PM PDT. Anyone at all can listen in to the call to find out more details, just dial 706-679-2572- no password or meeting number required! NVIDIA and Icera will also webcast the call, and you can listen in here and here. More details below in the press release.
SANTA CLARA, CA -- (Marketwire) -- 05/09/2011 -- NVIDIA announced today that it has agreed to acquire Icera, a leading innovator of top-performing baseband processors for 3G and 4G cellular phones and tablets.
Icera has more than 550 patents granted or pending worldwide, and its high speed wireless-modem products have been approved by more than 50 carriers across the globe. By combining the companies' products and technologies, including NVIDIA's Tegra processor, NVIDIA will enhance its position as a leading player in the growing mobile market.
The acquisition, for $367 million in cash, has been approved by both companies' boards of directors and is expected to be completed, subject to customary closing conditions, in approximately 30 days.
After recent troubles affecting the social network turned news & entertainment site, MySpace is on NewsCorp's chopping block. Or rather, on a table at a garage sale. According to the Wall Street Journal, NewsCorp expects around $100 Million for the site, which comes to an 84% loss for the network they paid $580 Million to acquire back in 2005.
NewsCorp evidently hopes to at least scrap the site for parts, so to speak, as they will be accepting offers for select components of MySpace. Reported parties interested in purchasing MySpace (though God knows why) include THL Partners, Redscout Ventures, Criterion Capital (owner of social network Bebo, Chinese Internet holding company Tencent, and even MySpace co-founder Chris De Wolfe.
Isn't that kinda like a furniture craftsman buying back his own work at an antique auction?
Chad Hurley and Steve Chen, founders of YouTube have acquired Delicious. Wait what? Didn't Yahoo acquire Delicious back in 2005 for like $10 million? The answer is yes, but evidently Yahoo is selling off its acquisitions.
Delicious, formerly "del.icio.us" is a social bookmarking site- it allows you to keep track of bookmarks and access them from any computer, thus eliminating the frustration of having to access particular browsers on particular computers. We're not sure about the details of this reacquisition, but it can't an altogether bad thing to be under the auspices of the guys that brought us the most addictive website since.....uh.....ever?
Delcious will continue under Yahoo until July of 2011, and if you're a current user, the transition will be "seamless". Check out their site and/or the press release below for more details.
April 27 2011
YouTube Founders Acquire Delicious
Today, we're pleased to announce that Delicious has been acquired by the founders of YouTube, Chad Hurley and Steve Chen. As creators of the largest online video platform, they have firsthand experience enabling millions of users to share their experiences with the world. They are committed to running and improving Delicious going forward.
Providing a seamless...
Last week the US Department of Justice and the Federal Bureau of Investigation indicted 11 defendants involved in American Online Poker sites.
If you don't recall, among the defendants were the founders of Full Tilt Poker, Absolute Poker, and Pokerstars, and they were charged with conspiracy, bank fraud, money laundering, bribery, and scheming with a 2006 legislation proposal that would have made online gambling illegal. The DoJ now wants somewhere around $3 Billion and as many as 65 years in prison for some of the defendants.
In other news, the American Congress might just make online gambling completely legal- or illegal. Only the next few months will tell.
AMD have posted their latest earning results and for the first quarter of 2011 they were up by 2-percent compared to last year. Net income has grown by a very decent 98-percent. First quarter profits were higher than those from the holiday quarter, by 36-percent.
AMD attributes the year-on-year growth to shipments of their APU (accelerated processing units), which "greatly exceeded" their expectations. Most people want to know which of AMD's businesses did best last quarter, microprocessors or graphics? The computing solutions side of things saw a revenue rise of 3-percent compared to last year, despite lower average selling prices. On the flip side, the graphics business was "flat year-over-year" and it also saw prices decrease.
Looking toward Q2, AMD is expecting its revenue to be "flat to slightly down" compared to the results of Q1.
Fraunhofer IPMS announced today a working protoype of the world's first Borg vision. That is, a bidirectional and eye-tracking OLED micro-display. For the layperson, that's transparent screen on which you can see digital content. And it looks like this:
So basically, reflected light that generally assaults your eyes are used to overlay digital information through the eyepiece. Imagine the Monocle function in the Yelp application, but as you are walking around in real-time, without holding your iPhone out in front of you the entire time. Even better, since its an "eye-tracking" piece of hardware, it always knows where you're looking(!), allowing all sorts of interesting uses in the way of photo recognition, facial recognition, natural feature tracking, and social networking.
This bodes very, very well for Augmented Reality development, and if Fraunhofer can make sure this stuff hits industrially before it hits commercially, we'll have all kinds of crazy stuff happening, all in the blink of an eye. Too cheesy? Press release to follow.
Samsung have fired back at Apple after Apple slapped them with a lawsuit saying that Samsung have copied their iPhone and iPad designs with the Galaxy phone and Galaxy Tab range. Samsung provide Apple with semiconductor chips and display panels for Apple's mobile products and have not (to this point in time) sued Apple for infringement but obviously Apple have pushed Samsung over the edge and now they're fighting back saying:
"We have no choice but to respond strongly this time".
What? Apple is redubbing their iPhone 5 as the "M9"?! Nope. But that's probably why Apple's going to sue Meizu as soon as they step foot in the country. According to Electronista, the Chinese tech company is planning on opening an office in California, from which it would market its suspiciously familiar-looking portable products, the M9 (pictured above) and the M8. These phones certainly have the look and feel of a post-pc device, and though Apple hasn't followed up on some patent claims they filed against the M8, but I mean, c'mon Meizu. You're just asking for it.
Apple has already accused Samsung of infringement because the latter makes portable rectangular things that surf the web. What do you think they're going to do when your device, ya know, pretty much looks the exact same.
Best of luck Meizu!