Facebook IPO now the subject of a Securities Fraud Lawsuit

Anthony Garreffa | Business, Financial & Legal | May 23, 2012 9:32 PM CDT

It seems that the ongoing tanking of the Facebook shares is now getting worse, with the Facebook IPO now the subject of a Securities Fraud Lawsuit filed in the United States District Court in New York. The lawsuit is built upon certain Facebook IPO documents containing untrue statements of material facts and omitted other facts necessary to make such statements not misleading.

But, it gets worse, the fraud lawsuit goes on to say that the Facebook IPO documents weren't prepared in accordance with Federal rules and regulations governing their preparation, thus, violating Federal Securities Laws. But, you might be safe, if you purchased, or acquired shares in Facebook common stock (FB), traceable to the Facebook IPO, on or around May 18, 2012, you can contact the Securities Fraud Attorneys to discuss your rights to recovery.

If you have purchased or acquired shares in Facebook, and want to go through with this, here are some contact details:

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AMD continue to fib on their transistor count, this time with the Llano Fusion APU

Anthony Garreffa | CPU, APU & Chipsets | May 23, 2012 9:23 PM CDT

If we remember late last year, AMD had talked about the transistor count in their then-released Bulldozer chip, which was meant to house 2 billion transistors, but actually only had 1.2 billion. How a mistake like that can happen is anyone's guess, but it looks like Team Red are up to their old tricks again, it seems.

Bright Side of News has an interesting piece, where they've noticed that AMD have again given the public an erroneous transistor count. AMD's Llano was meant to have 1.45billion transistors, as the company explained at the Hot Chips 2011 conference, as well as most reviews citing that it sported 1.45 billion transistors.

But, if we look at some of the Trinity reviews, such as AnandTech's, where they state it has 1.178 billion transistors, Tom's Hardware and Tech Report state it has 1.45 billion, but Trinity actually sports 1.30 billion transistors. The die size hasn't changed, and measures in at the same 228mm² since Llano emerged in 2011. Most sites can't really be faulted here, as they've just copy/pasted the specs directly from... AMD.

Continue reading: AMD continue to fib on their transistor count, this time with the Llano Fusion APU (full post)

Windows 8 boots too quickly, how is that a problem? Well...

Anthony Garreffa | Software & Apps | May 23, 2012 8:31 PM CDT

Windows 8 is nearing release, and with it, we're prompted with more and more news about it, but that's good, right? The latest out of the gate is that the upcoming OS from Redmond is booting... too fast? Yes, too fast. Everyone wants quicker boot times, and Windows 8 definitely delivers in that way.

But, there are problems with an OS that boots too quickly, that if you need to enter the setup menu by pressing F2/F8 during the boot, there's next to no time to tap those keys. What did Microsoft do? Well, they can't just hold the OS boot time back, that would be crazy, so they've had to add some new features to the OS to make it easier to get to these menus.

If you have a machine with a solid-state drive installed, you can boot into a machine in around 7 seconds, and this will only decrease as hardware gets faster over time. In a test machine at Microsoft sporting an SSD and UEFI system, the time window to tap F8 is 200 milliseconds, yes, 200 milliseconds. In the case where you can't boot into Windows, Windows 8 will automatically enter automatic failover behavior which is determined by an algorithm that establishes a baseline over several boots.

Continue reading: Windows 8 boots too quickly, how is that a problem? Well... (full post)

RumorTT: Nintendo Wii U supports DirectX 11, runs Unreal Engine 4, and runs Assassin's Creed at 1080p at 60fps

Anthony Garreffa | Gaming | May 23, 2012 7:59 PM CDT

If a post on an Italian message board is to be believed, a developer from Ubisoft Milan has posted a bunch of Wii U-related information that almost sounds too good to be true. The poster says that the price will be between $350-$450, and that it will launch on November 23. But that's not even the best bit.

The Wii U, according to the post, supports DirectX 11, and is already running Unreal Engine 4, sports 2GB of RAM, and has an AMD Radeon HD 6770 GPU. It can run Assassin's Creed at 1080p at 60fps, compared to just 720p on the PlayStation 3 and Xbox 360.

The report also states that Crytek, EA, and Valve are all working on the Wii U, and that Valve are working on a digital distribution platform and Portal ports for the Wii U. The full list of details:

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HP to lay off 27,000 employees in multi year restructuring

Trace Hagan | Business, Financial & Legal | May 23, 2012 5:36 PM CDT

We previously reported that anonymous sources were saying HP was going to lay off 25,000-30,000 people. We now know that those numbers were correct as Meg Whitman has announced a restructuring plan which will result in 27,000 workers being let go. To put that number in perspective, it is about 8% of HP's 325,000-person workforce.

People won't be losing their jobs immediately as these layoffs are part of a multi-year restructuring plan. As such, the cuts will only be fully implemented by October 2014 which gives employees plenty of time to find new jobs. The move is aimed at making HP more innovative and cost efficient and will include an early retirement program and a one-time charge of $1.8 billion.

"We are making progress in our multi-year effort to make HP simpler, more efficient and better for customers, employees, and shareholders," said Meg Whitman, HP chief executive. "This quarter we exceeded our previously provided outlook and are executing against our strategy, but we still have a lot of work to do."

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Diablo III breaks several sales records, explains connection issues

Trace Hagan | Gaming | May 23, 2012 4:32 PM CDT

Diablo III has been selling incredibly well. Sales numbers for the first week, let alone the first day, have been absolutely unbelievable. I'm sure part of that is due to the fact it has taken Blizzard so long to release this sequel. The other contributing factor would be the absolute quality of the game as seen in the demo.

Sales on the first day totaled 3.5 million copies. That yields about $210 million in revenue. That number doesn't include the 1.2 million players who received Diablo III as part of signing up for World of Warcraft for a year. In total, an incredible 4.7 million users purchased the game within the first 24 hours it was available.

By the end of the first week, Diablo III had sold 6.3 million copies yielding a rough revenue of $378 million. Wow. With incredible uptake numbers such as those, its clear why Blizzard's servers have been getting hammered and giving players trouble logging in. Mike Morhaime, CEO and cofounder of Blizzard Entertainment:

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NVIDIA looks to bring $199 quad-core Android tablets into reality

Trace Hagan | Mobile Devices, Tablets & Phones | May 23, 2012 3:31 PM CDT

The Kindle Fire may currently be rocking the low-price Android tablet market, but it could soon have quite a bit of competition thanks to NVIDIA. NVIDIA has been working on a new platform called "Kai" which aims to bring quad-core Android tablets down to the $199 price range by this summer. At that price point, the Kindle is going to have some serious competition.

NVIDIA hasn't played any games with their intentions to make lower cost Android tablets a possibility. These intentions aren't just a dream either as NVIDIA has a plan to help quad-core Android tablets reach the $199 price point by this summer. During the investor meeting last week, Vice President Rob Csonger provided some details on Kai.

Our strategy on Android is simply to enable quad-core tablets running Android Ice Cream Sandwich to be developed and brought out to market at the $199 price point, and the way we do that is a platform we've developed called Kai. So this uses a lot of the secret sauce that's inside Tegra 3 to allow you to develop a tablet at a much lower cost, by using a lot of innovation that we've developed to reduce the power that's used by the display and use lower cost components within the tablet.

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Seagate announces agreement with LaCie to acquire controlling interest

Trace Hagan | Business, Financial & Legal | May 23, 2012 2:32 PM CDT

Seagate is looking to expand their grasp in the consumer market and what better way than acquiring a company that already produces consumer storage devices? Seagate has extended an offer to LaCie's CEO to purchase the CEO's and his affiliate's stock in LaCie which would give Seagate 64.5% of the outstanding shares, which is enough to have majority control.

Of course, this offer is pending approval by governmental regulatory agencies. Once Seagate gets these approvals, "Seagate would commence an all-cash simplified tender offer (followed as the case may be by a squeeze-out procedure) to acquire the remaining outstanding shares in accordance with the General Regulation of the French Autorite des Marches Financiers (AMF)."

The offer to the LaCie CEO by Seagate is pretty good. The offer is at €4.05 with a potential adjustment depending on LaCie's cash and debt position of LaCie at closing. The price could also possibly increase by up to 3% "in the event that the threshold of 95% of the shares and voting rights of LaCie would be reached by Seagate within 6 months following closing."

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Jury finds Google did not infringe on Oracle patents with Android

Trace Hagan | Business, Financial & Legal | May 23, 2012 1:27 PM CDT

It what can only be considered a win for programmers around the country, Google has been found not guilty of infringing on Oracle's patents. It took the jury an entire week of deliberations to come to this conclusion. Of the eight claims across two patents, RE38,104 and 6,061,520, Google was acquitted of every single one.

Now that we have this decision, there is no need for the trial to move onto the damages phase as there are no damages to be awarded. The jury is no longer needed in the trial as the final decision as to Fair Use has been left to Judge Alsup to decide. The judge thanked the jurors and dismissed them adding that "this is the longest trial, civil trial, I've ever been in."

Google had been found to be infringing on Oracle's copyrights on a couple of counts, but it is unclear whether or not this was fair use. The jury was unable to decide unanimously if it was. The jury found Google guilty of just one count of infringement, but Judge Alsup later ruled they infringed on 8 other minor counts.

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RunCore launches Xapear SSD with Remote Data Deletion and RFID Protection

Trace Hagan | Storage | May 23, 2012 12:32 PM CDT

Apparently a self-destructing SSD wasn't enough protection for RunCore as they have just announced the global availability of their new Xapear solid state drive. The new Xapear features some even more innovative features to protect a user's data than just self-destructing. It provides both remote data deletion and RFID protection.

The SSD uses a USB 2.0 interface for data transfer. The drive features two partitions: one freely accessible and one that is only accessible after applying a special RFID key. Xapear comes with two RFID keys that are initialized by the user. After initialization, users have two partitions which can be resized to user preference. One swipe of the RFID key and the hidden partition becomes visible and usable. Another swipe and it is gone.

The drive also features a GSM connection:

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