The Justice Department is looking into the bidding for patents being sold by Nortel Networks over fears they could be used to quash competition, according to The Wall Street Journal.
The bankrupt Canadian telecom-equipment maker is unloading 6,000 patents for technology that includes wireless video, Wi-Fi, and LTE mobile data technology. According to the Journal, regulators worry that the patents could be a bludgeon for acquirers to wield against rivals as they move into emerging markets.
The Justice Department seems particularly concerned about Apple and Google. The Journal reports that the agency's antitrust division is reviewing Google's $… Read more
A new burst of hacks has left companies and government organizations picking up the pieces.
Earlier today, The Hacker News reported it had received a message from hacking group Pakistan Cyber Army, claiming the PCA had hacked an Acer Europe server and stole sensitive information. The publication posted a screenshot of the data reportedly collected, which included the personal information of 40,000 customers, including their names, addresses, phone numbers, e-mail addresses, and the names of products they had purchased.
According to The Hacker News, the PCA plans to release more data within the next 24 hours, and will follow … Read more
Apple has inked its licensing pact with Universal Music Group and will reportedly charge $25 a year for an iCloud subscription. That revenue stream--once you factor in splits with the music industry--is essentially peanuts, but the value of iCloud will go well beyond the profit and loss statement.
First the news, CNET's Greg Sandoval reports that Apple has cut a licensing deal with Universal Music. That move gives Apple all the major labels and Universal brings U2 and Lady Gaga to the iCloud party. Meanwhile, the L.A. Times reports that Apple will "eventually" charge $25 a year for iCloud and sell advertising around the service.
When you factor in the revenue split with the music industry--labels 58 percent, publishers 12 percent and Apple 30 percent--Steve Jobs & Co. will get $7.50 in revenue for each iCloud subscription.
As for the rudimentary math, Apple is projected to move 184 million iPhone units in calendar 2011 and 2012, according to Piper Jaffray analyst Gene Munster. We'll assume that half of those iPhone subscribers will ultimately pay for iCloud with Apple getting $7.50. That's $690 million in revenue a calendar year.
Apple is also expected to sell 75 million iPad units over calendar 2011 and 2012. Again we'll assume half of those iPad users buy the iCloud subscription. Those iPad units will deliver $281 million in revenue a year in calendar 2012.
As for the iPod, Apple is expected to move 81 million units over calendar 2011 and 2012. We'll assume one third of those iPod users will get iCloud--it's unclear whether the Nano will be able to… Read more
Microsoft is now restricting the number of Windows Phone apps that it will approve from a single developer to 20 per day.
In a blog posted yesterday, Microsoft said the new restriction is aimed at cutting down on "bulk app publishing," a process through which developers can flood the Windows Phone Marketplace with hundreds of apps over the course of just a few days.
Though these apps may meet Microsoft's certification guidelines, the company is concerned that such apps can push other recently-published apps out of the "What's New" category, thereby degrading and "… Read more
When Ronald McDonald House in Cincinnati needed a nine-page English document translated to Arabic, the children's advocacy organization turned to Sparked. Someone living in Jordan logged on and translated the prose in a few hours. Then someone from California confirmed the accuracy of the piece. Crowdsourcing skills and bite-size volunteering is what Sparked is all about.
Sparked connects corporate employees with nonprofits via the Internet, giving employees a way to volunteer right from their cubicles. Sparked co-founder Jacob Colker calls this micro-volunteering, a term he's trying to coin.
When I visited the small, barren Sparked office in San Francisco's hip SOMA neighborhood, Colker showed me the company's volunteering platform, which it licenses to major corporations. Employees from companies including new client LinkedIn or Google, Frog Design, Kraft, and SAP can sign in and volunteer during their lunch breaks--and people can focus on certain regions or specific issues. But the volunteer work is not limited to corporate partnerships. Individuals can also sign up at their leisure to help nonprofits with all things digital, from branding issues to blogging advice.
Originally, Colker thought people would volunteer their time while sitting on the bus or lounging by the pool. As it turns out, people out and about are probably not going to be able to help a nonprofit with a branding issue, Colker said. Instead, he maintains, people would much rather help others from their office, right at their desktop, during the free time they have between work-related tasks. The company started as The Extraordinaries in 2008 and within the past eight months rebranded itself to switch its mobile focus more to the Web. … Read more
Pandora signaled today that its initial public offering was imminent, in a regulatory filing that placed the company's target price between $7 and $9 a share.
At the high end, the Internet radio company would raise nearly $142 million on the sale of 13.7 million common shares, according to the filing with the Securities and Exchange Commission. That's a 40 percent increase over the $100 million the company said it hoped to raise in its February SEC filing and would value the Oakland, Calif.-based company at between $1 billion and $1.4 billion.
At least not the kids in California. For it seems the California Senate has, with a show of hands that left none hanging, decided to add sexting to the list of bad behavior for which a student can be expelled from school.
In a move that seemed designed to avoid too much naked publicity, the Associated Press reported that the Senate passed a bill Tuesday that specifically cited sexting and defined it as "the sending or receiving of sexually explicit pictures or video images by means of an … Read more
Whatever anyone can do, Amazon can do, too. Groupon is filing for an IPO and creating new jobs for salespeople in just about every city on earth; Google Offers debuted this week; and I hear there might even be a few other daily deal services out there. So naturally, Amazon wants in on the action. The company that offers... well, everything, is now offering offers as well through AmazonLocal.
The service seems to follow the same model as those of rivals like Groupon, where subscribers to a daily e-mail can purchase a voucher that offers savings on local goods and … Read more
A New York man's alleged contract and e-mails that supposedly gave him 50 percent ownership in Facebook are forgeries, according to a court filing by Facebook CEO Mark Zuckerberg.
Zuckerberg said in a filing today in U.S. District Court in Buffalo, N.Y., that he declared under oath that he did not sign a contract with Paul Ceglia regarding Facebook or write the alleged e-mails regarding the social-networking giant's creation. (Text of the filing is available below.)
"Zuckerberg and Ceglia never discussed Facebook and they never signed a contract concerning Facebook," the filing said. "… Read more
Groupon, helping to blow more air into the growing tech bubble, filed today for an initial public offering with the Securities and Exchange Commission.
The daily-deals company says it wants to raise $750 million and has hired Morgan Stanley, Credit Suisse, and Goldman Sachs as its bankers. That number can, and often does, change from the first IPO filing papers. And Groupon did not include information about the number of shares it intends to sell, which would give a valuation for the company itself. Some reports say Groupon could be valued at between $20 billion and $25 billion.