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Business, Financial & Legal News - Page 222

All the latest Business, Financial & Legal news as it relates to tech, gaming, and science - Page 222.

RumorTT: Sony to acquire cloud gaming firm Gaikai

Anthony Garreffa | Jun 2, 2012 3:27 AM CDT

MCV is reporting that Sony could acquire high-profile cloud gaming firm, Gaikai. It was revealed to MCV exclusively that Sony were looking at acquiring either Gaikai, or OnLive. Either company would bolster Sony's efforts into the cloud gaming universe.

RumorTT: Sony to acquire cloud gaming firm Gaikai | TweakTown.com

Just yesterday, Gaikai sent out invitations to journalists for what they're calling a game-changing announcement, it reads:

Gaikai has some major announcements in store for E3 that have the potential to change the future of video games, game consoles and how we play.

Now, one would think that Sony could be pushing itself away from their PlayStation brand, so what would happen to the PlayStation 4? Well, things are changing... 10-year life cycles for consoles just can't be done as the technology is in a stand-still after 2-3 years max. But, a system that could borrow from the cloud, would let Sony dump out a console say, next year, and then 2-3 years from now they'd have this acquired company doing some magic behind the scenes, and maybe the PS4 would end up just being a streamed-to device for your console gaming needs.

This is just my opinion, but it's definitely something interesting to think about. Hopefully we see some announcements soon, and an unveiling of the next-gen consoles at E3 2013.

Continue reading: RumorTT: Sony to acquire cloud gaming firm Gaikai (full post)

Judge Alsup rules Oracle Java API elements not copyrightable, claims against Google dismissed

Trace Hagan | Jun 1, 2012 10:29 AM CDT

In a move that should help to keep innovation from being stifled, Judge Alsup, the judge presiding over the Oracle v Google trial, has ruled that sequence, structure, and organization (SSO) is not covered by today's copyright law. This, in turn, allowed him to dismiss the claims by Oracle of Google infringing on their copyright.

Judge Alsup rules Oracle Java API elements not copyrightable, claims against Google dismissed | TweakTown.com

Instead of creating a massive precedent by making a wide ruling, Judge Alsup focused very narrowly on specific factors in the case which lead to the decision. This way he didn't create a massive precedent. He has also been very careful throughout the trial. So even though appeals are possible, it is likely his decision will be upheld.

Continue reading: Judge Alsup rules Oracle Java API elements not copyrightable, claims against Google dismissed (full post)

Activision settles lawsuit with Call of Duty creators out of court

Trace Hagan | Jun 1, 2012 8:50 AM CDT

It has been confirmed that Activision and Jason West and Vincent Zampella have settled their lawsuit out of court after a brief meeting on Thursday. This settlement brings to an end the two year lawsuit stemming from the termination of their employment. There was a lot of he said she said, but in the end, it seems to boil down to the fact Activision didn't want to pay them royalties.

Activision settles lawsuit with Call of Duty creators out of court | TweakTown.com

The settlement terms, as par for the course, were not discussed and are highly secretive. This settlement also settles another lawsuit Activision was involved with. This other lawsuit was over royalties as well. When West and Zampella left, 40 or more developers left shortly after. They too filed a lawsuit saying they didn't get their royalty checks.

"All parties have reached a settlement in the dispute, the terms of which are strictly confidential," said Robert Schwartz, an attorney representing West and Zampella. West was in the courtroom, but only grinned widely as he left. Others in the game industry watched closely as it could produce some new case law that would affect somehow.

"This legal battle between the old employees of Infinity Ward and Activision is the most significant in video game history," said Evan Wilson, an analyst with Pacific Crest Securities. "It's been a major distraction for senior management at Activision at a time when the industry is going through one of its most difficult periods. It will be good for Activision to be able to move past this."

Continue reading: Activision settles lawsuit with Call of Duty creators out of court (full post)

Tim Cook talks of Apple's relationship with Facebook, says "Stay tuned"

Anthony Garreffa | May 31, 2012 12:28 AM CDT

Could those words be any more mysterious? Apple CEO Time Cook when questioned about the lack of Facebook integration on iOS, said "Stay tuned". Considering that Facebook have nearly 1 billion users, and Apple's handshake with Twitter and its integration with iOS, we have to wonder, 'why not Facebook?'

Tim Cook talks of Apple's relationship with Facebook, says Stay tuned  | TweakTown.com

Cook adds "Facebook is a great company, and the relationship is solid. I saw Sheryl (Sandberg) earlier outside. We have great respect for each other."

When Swisher reffered to Jobs calling Facebook "onerous", Cook responded with:

They have their way of doing things, but people say that about us as well. Just because they have a point of view doesn't mean we can't work with each other.

Jobs had previously referred to Facebook term's when negotiating the Ping integration as "onerous", which means "involving a burdensome amount of effort and difficulty". Post-IPO Facebook could be different, knowing that Apple have a considerable amount of power in the industry compared to a few years ago.

Facebook and Apple are pretty much the two powerhouse companies right now, with social networking in one corner, and mobile devices in the other. The only competitors to them would be Google and Microsoft. Considering Microsoft has a stake in Facebook, it'll be interesting to see the integration Apple would receive in the future. After all, Windows 8 is nearly here and I'm looking forward to seeing the level of integration the OS offers when it comes to Facebook

Continue reading: Tim Cook talks of Apple's relationship with Facebook, says "Stay tuned" (full post)

MegaUpload saga: MegaUpload asks US court to dismiss piracy charges

Trace Hagan | May 30, 2012 4:32 PM CDT

Attorneys representing the now defunct upload site MegaUpload have filed a motion with the court to dismiss criminal piracy charges due to the fact the US had no jurisdiction. "Megaupload does not have an office in the United States, nor has it had one previously," MegaUpload's lawyers wrote in their motion to dismiss. "Service of a criminal summons on Megaupload is therefore impossible."

MegaUpload saga: MegaUpload asks US court to dismiss piracy charges | TweakTown.com

The filing came today and is just the latest in a long drawn out court battle between MegaUpload and the United States. The sad part is that millions of legitimate users have been affected and their files, some the only copy, have been put into jeopardy at the hands of the US government. The issue at hand is that MegaUpload has never had a US-based agent or office:

Wholly foreign corporations, therefore, may not be prosecuted for alleged violations of federal criminal law unless they waive service In short, a corporation such as Megaupload cannot be brought within the jurisdiction of this Court for criminal proceedings absent its consent.

The company's lawyers have once again asked for funds to be released to allow for a proper defense. DotCom and three other managers are in New Zealand where they continue to fight extradition. "We told the court that the United States lacked probable cause to take down the entire site," said Ira Rothken, the attorney leading MegaUpload's worldwide defense.

Continue reading: MegaUpload saga: MegaUpload asks US court to dismiss piracy charges (full post)

Megaupload user asks the court for his files back, again

Anthony Garreffa | May 29, 2012 1:15 AM CDT

The Megaupload case continues, with Kyle Goodwin, an EFF (Electronic Frontier Foundation) asking the court to return the files, that were legal, back to Goodwin.

Megaupload user asks the court for his files back, again | TweakTown.com

Goodwin lost his files when Megaupload was seized in January, since then they've been to court, both for a hearing and a mediation, but nothing has changed according to the EFF. The problem between Goodwin's files and the court, is that the government isn't helping third parties like Goodwin to get access back to their data. This leaves no choice but court.

On May 24, EFF filed a brief asking the court to order Goodwin's rightfully owned data returned. But the problem is, is that's not just Goodwin'd files, it's the thousands upon thousands of other Megaupload users who had data on their servers, where they thought it was safe.

Continue reading: Megaupload user asks the court for his files back, again (full post)

Apple CEO Tim Cook declines huge pay check, declines $75 million in stock dividends

Anthony Garreffa | May 28, 2012 8:29 PM CDT

Would you decline $75 million? Heck, $75 for free wouldn't be too bad these days. On the flip side, Apple CEO Tim "Good Guy" Cook has declined a $75 million payout in restricted stock dividends owed to him. Yes, declined.

Apple CEO Tim Cook declines huge pay check, declines $75 million in stock dividends | TweakTown.com

Apple announced plans last week where they would pay a $2.65 per share dividend on restricted stocks held by Apple employees. This is rare for a company to reward its employee stockholders like this, and even more strange for a high level executive to decline the money they are entitled to.

But, it's not all bad. AllThingsD reports that this could actually benefit both the company, and Cook in the long run. This move gets positive press for not just Apple, but Cook, which could, and most likely will, translate into more stocks sold. It also shows the kind of person Cook is, in this world of increasingly greedy CEOs and executives.

Continue reading: Apple CEO Tim Cook declines huge pay check, declines $75 million in stock dividends (full post)

Berkeley chief of police sends 10 officers to track down son's stolen iPhone

Trace Hagan | May 25, 2012 10:11 AM CDT

This is one of those moments where you just want to know what a person was thinking. But until someone develops a mind-reading machine, we won't know for sure. As an epitome of United States corruption, ignorance, and waste, the Berkeley, California chief of police sent out ten of his officers to track down his son's stolen iPhone.

Berkeley chief of police sends 10 officers to track down son's stolen iPhone | TweakTown.com

Guess what! They didn't manage to find the device even though it had tracking software installed on it. The officers sent to find the device weren't just regular officers, although some were. Michael Meehan, the chief, also sent officers from the drug task force to aid in the search. All of this was over a replaceable iPhone that couldn't cost more than $500.

The hunt most likely cost taxpayers a few thousand dollars. It could have potentially cost even more as only some of the officers received overtime pay for their participation in the search. This truly is an epitome of selfishness. Meehan used his position to do his personal bidding while wasting my taxpayer dollars. As a California resident, I'm not exactly happy with this story. Did Meehan cross a line or was this an acceptable use of money? You be the judge and let us know in the comments.

Continue reading: Berkeley chief of police sends 10 officers to track down son's stolen iPhone (full post)

PayPal adds 15 retail partners for its in-store payment system

Trace Hagan | May 24, 2012 4:30 PM CDT

As part of PayPal's effort to move out of the digital world into the real world, PayPal has been courting big retail stores to add the option to pay with PayPal at the point-of-sales terminals. Home Depot was the first to jump on board and has been offering the option of paying with PayPal when checking out since at least March of this year.

PayPal adds 15 retail partners for its in-store payment system | TweakTown.com

PayPal wants to compete with the credit card companies along with other emerging payment systems such as Google Wallet. The announcement was made at a press event today to show the progress PayPal is making with its real world payment system. PayPal still has to convince consumers that maintaining another payment method is worth the hassle.

But, if PayPal makes it simple enough and available at enough locations, it is a viable alternative to credit cards and cash. It would be especially nice if someone were to forget their wallet or not have enough cash with them. Currently, users just have to type in their phone number and a pin to pay which is pretty simple. If they add in the features they are looking to, it will be quite the competitor.

The 15 newly added retail stores include: Abercrombie & Fitch, Advance Auto Parts, Aeropostale, American Eagle Outfitters, Barnes & Noble, Foot Locker, Guitar Center, Jamba Juice, JC Penney, Jos. A. Bank Clothiers, Nine West, Office Depot, Rooms To Go, Tiger Direct and Toys "R" Us.

Continue reading: PayPal adds 15 retail partners for its in-store payment system (full post)

In the midst of the Facebook IPO debacle, Mark Zuckerberg is MIA

Anthony Garreffa | May 24, 2012 1:07 AM CDT

The Facebook IPO may now be part of a Securities Fraud Lawsuit, but there's some more interesting news building at the moment. Facebook founder and CEO, Mark Zuckerberg is not around to enjoy the fruits of his labor. Zuckerberg's last public appearance was the day he rang the Nasdaq opening bell, the same day the shares went public and this problem became an issue for thousands across the world.

In the midst of the Facebook IPO debacle, Mark Zuckerberg is MIA | TweakTown.com

The only other appearance from the social networking guru is the wedding picture he posted over the weekend. It's been five days since then, and there has been nothing on his Facebook page either. The shares are steady on $32 a piece, and this just adds to the hysteria that is the Facebook IPO.

Continue reading: In the midst of the Facebook IPO debacle, Mark Zuckerberg is MIA (full post)

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