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Kim Dotcom has won another legal battle in regards to the raid on his mansion back in January 2012. New Zealand's High Court ruled that the warrants used during the raid were illegal. This is good news for Dotcom as it means the police must return all non-relevant assets to Dotcom.
Police will also be required to provide copies of all evidence they've used in the prosecution of Dotcom, which means Dotcom should get access to all evidence collected during the raid. The High Court also demanded US officials destroy any copies of information that contained data irrelevant to the case.
Dotcom isn't completely in the clear as of yet. He still faces a hearing in August that will determine if he will be extradited to the US. If extradited, he will face charges of piracy for his part in Megaupload.
Next-day TV streaming provider Hulu has been seeking a buyer. Reports of several interested companies have popped up over the past week or two and now DirectTV has reportedly offered $1 billion for the company. DirecTV would be competing with Yahoo, Time Warner Cable, and possibly others for the company.
Bloomberg reports that there are at least two other unknown companies that have offered at least $1 billion for Hulu. Hulu's board of directors are reportedly entertaining at least seven buyout offers. They plan to narrow their focus to three of four offers in a few weeks.
DirectTV's stock has fallen 3 percent to $61.19 on the news.
A judge has ruled that Google must comply with the FBI's national security letters that request user data without a warrant. US District Judge Susan Illston, located in San Francisco, has ruled that Google must comply with the requests, despite their protests that they are illegal.
The FBI has sent out 192,499 NSL demands between 2003 and 2006, 97 percent of which include a mandatory gag order. Google hasn't completely lost, with the judge noting that Google only argued broad issues, not specific issues to the 19 NSLs received. She has withheld a ruling on two of the letters pending more information from the government.
Illston has previously struck down some of the powers granted by NSLs, but some feel it wasn't enough. The EFF is currently involved in a separate lawsuit on behalf of an ISP. Illston notes she does not want to interfere with that lawsuit.
Apple has lost a legal battle in the Netherlands that alleged Samsung's Galaxy Tab infringed upon the look and feel of the iPad. Since they lost, they were unable to obtain the product ban that they were seeking. The Supreme Court of Netherlands ruled that the Galaxy Tab did not infringe on the design of the iPad.
With Apple continuing to lose legal battles around the world, it brings to question why they were awarded such a huge amount last August in their landmark lawsuit against Samsung. Apple needs to innovate again to take back the lead and title of most valuable company in the world. Until then, litigation will do little for their stock price.
Corsair is sponsoring the Computex OC Main Event in conjunction with Intel. Top overclockers from around the world will be competing to see who can overclock the new Haswell CPUs and next-gen Corsair memory to the max. Prizes will include $20,000 in cash and the event will be broadcast live.
Thi La, Senior VP and GM of Memory and Enthusiast Component Products at Corsair:
We are excited to be hosting the premier overclocking event of Computex 2013 with our friends at Intel. Together we'll be unleashing the world's top overclockers for the first time on the latest Intel processors and our new line of Corsair memory. With the sheer level of overclocking talent and the capabilities of the new hardware, I anticipate seeing groundbreaking levels of performance.
The event can be watched live at Corsair's website on June 3 from 13:00-18:00 GMT+8. Overclockers competing for the top prize include well-known favorites, including 8-Pack, Andre, Coldest, Coolice, Der8auer, Dinos22, Elmor, Hazzan, HiCookie, Lin222, lucky_n00b, Mad222, Nick Shih, Pt1t, Slamms, Smoke, Splave, tor_za, ZoLKoRn, and Zzolio.
HTC has accused Samsung of using its supply of smartphone components as a "competitive weapon." Citing Jack Tong, president of HTC North Asia, Focus Taiwan reports that Samsung "strategically declined" to fill orders for an AMOLED display used in HTC's Desire smartphone. These orders were only declined after the Desire started to take off in sales.
"We found that key component supply can be used as a competitive weapon," said Tong. HTC redesigned the Desire to make use of a non-Samsung display and the company has since stayed away from Samsung displays. Samsung has seemingly hurt some of its business by weaponizing its component supplies as HTC, Apple, and others have moved away from the giant electronics conglomerate.
Since moving away from Samsung, HTC has suffered the occasional component shortage. However, the HTC One and One X have both had best-in-class displays when launched, proving HTC doesn't need Samsung's display technology.
Apple is reportedly looking towards Pegatron to produce their rumored low-cost iPhone. The Wall Street Journal reports that Pegatron will be the primary producer of a new low-cost iPhone as Apple looks to diversify its supply chain. Up until 2011, Foxconn was responsible for all iPhone production.
According to the report, which cites people familiar with the matter, Apple is making the shift in order to reduce risk. They note the issues Foxconn had with the iPhone 5, including scratches on the metal casings. Apple will also be producing more product lines and product, meaning they'll need more capacity.
Analysts also believe Pegatron is willing to accept lower profit margins while attempting to gain Apple's business, meaning higher profit for Apple.
The NASDAQ stock exchange is being charged $10 million for its failures in the Facebook IPO disaster last year. The $10 million charge comes as part of a settlement for a civil suit brought by the Securities and Exchanges Commission over allegations that computer software errors resulted in the poor IPO.
By accepting this $10 million settlement, NASDAQ neither confirms nor denies that it had faced computer system errors last year. NASDAQ appears to have gotten off easy as the issues reportedly cost investors somewhere around $500 million. Facebook's stock sits at $23.30 after launching at an IPO price of $38.
OCZ announced this morning that Company received a determination from the NASDAQ Listing Qualifications Panel indicating that the panel had granted the company's request to remain listed on the NASDAQ Stock Market, subject to the condition that the company is current in the filing of its periodic reports with the Securities and Exchange Commission by September 16, 2013.
OCZ must promptly notify NASDAQ of any significant events that occur during the exception period and the panel reserves the right to reconsider the terms of the exception at any point if it believes that the continued listing of the company's stocks is inadvisable or unwarranted.
"We are delighted that NASDAQ has granted us this extension. As recognized by this extension, the Company has made substantial progress in becoming current with our filings and we look forward to completing this as soon as possible," said Ralph Schmitt, CEO of OCZ Technology Group.
We all know the PC market isn't doing too well, but new projections from the IDC think that we haven't seen the worst of it just yet. According to the IDC's latest numbers, PC shipments will continue to decline, by 7.8% in 2013 and will fall by another 1.2% in 2014.
IDC are projecting that 2014's numbers are a little stronger as companies that continue to use Windows XP will shift to Windows 8 once Microsoft halts support for the older OS next year. The drop in PC sales are of course thanks to the constantly surging numbers for smart devices such as smartphones and tablets. IDC analyst Loren Loverde says:
Many users are realizing that everyday computing, such as accessing the Web, connecting to social media, sending emails, as well as using a variety of apps, doesn't require a lot of computing power or local storage. Instead, they are putting a premium on access from a variety of smaller devices with longer battery life, an instant-on function, and intuitive touch-centric interfaces. These users have not necessarily given up on PCs as a platform for computing when a more robust environment is needed, but this takes a smaller share of computing time, and users are making do with older systems.