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Amazon's Cold Fire Phone Inflames Investors
October 24, 2014
Amazon on Thursday posted a net loss of $437 million for the third quarter. For the same period in 2013, it posted a net loss of $41 million. Amazon had warned shareholders when it reported its bleak second quarter performance in July that the next quarter would be equally grim. However, that did not keep investors from reacting in surprise and dismay when the Q3 report arrived.
Zuckerberg Talks His Way Into Chinese Hearts and Minds
October 24, 2014
When Facebook CEO Mark Zuckerberg went on stage at Tsinghua University in Beijing Wednesday for a 30-minute Q&A session, the audience expected him to do what foreigners generally do: Utter a few words in Mandarin to acknowledge their culture, then depend heavily on translators. Instead, Zuckerberg elicited gasps of approval from the audience when he spoke in Mandarin all the way.
Ello Sets Its Ad-Free Promise in Stone
October 23, 2014
Ello on Thursday made its ad-free philosophy official by incorporating it into a new company charter. Now converted to a public benefit corporation, the social network has stipulated not only that it will never make money from selling ads or user data, but also that any new owners will have to comply by those terms as well, in the event it's ever sold.
Is Amazon a Robber Baron or a Robin Hood?
October 23, 2014
Amazon's tactics in its ongoing battles with content publishers are fast becoming a bone of contention. The company has delayed distributing content from companies it's tussling with over content price points or its cut of the take. It's been steering customers to other publishers, at times overtly. Amazon's actions have given rise to speculation that it might perhaps be getting too powerful.
Apple Is Confusing Tablet Leadership With Awesomeness
October 23, 2014
The new super thin iPad Air 2 is starting to get tepid reviews, most of which begrudgingly call it the "best tablet" in the market, while admitting it's boring. Instead of talking up all the great things about how it makes their lives better or fun, the focus is starting to turn to the glaringly obvious annoyances about what it doesn't do well at all.
Toll Fraud Can Take a Big Toll on SMBs
October 22, 2014
Toll fraud -- the hijacking of a phone system to dial out to premium numbers in distant countries at several dollars a minute -- costs companies more than $4.7 billion a year, up nearly $1 billion from 2011. Major carriers, such as the companies that make up the CFCA, have sophisticated fraud systems in place to catch hackers, and they can afford to credit customers for fraudulent charges.
Google Takes a Flyer on Magic Leap
October 21, 2014
Magic Leap on Tuesday announced that Google was the lead investor in a $542 million round of funding for its secret endeavors. Also participating were Qualcomm, Legendary Entertainment, KKR, Vulcan Capital, Kleiner Perkins Caufield & Byers, Andreessen Horowitz and Obvious Ventures. Details are scarce about Magic Leap's forthcoming products, but they are likely proprietary wearable technology.
IBM's Earnings Miss Gives Wall Street the Willies
October 20, 2014
IBM's earnings slipped in Q3, sending its share prices sliding 7.11 percent to close Monday at $169.10. The company announced it is unloading its Microelectronics OEM semiconductor business and manufacturing operations to GlobalFoundries. IBM will pay GlobalFoundries $1.5 billion to take over the business. IBM's bleak news is being blamed for sending the overall Dow Jones Industrial Average south.
BBC to Preserve Memory of Its 'Forgotten' Articles
October 17, 2014
The BBC will publish and continually update a list of its published articles that were removed from Google searches under Europe's "right to be forgotten" rule. David Jordan, director of editorial policy and standards for the BBC, announced the move. The decision is a reaction to the EC ruling that search engines must remove "inadequate, irrelevant or no longer relevant" links upon request.
Netflix Drives Into a Ditch
October 17, 2014
Netflix stock closed Friday at $357, up slightly from the depths it plummeted to earlier this week. Shares fell almost 25 percent in premarket trading on Thursday -- more than $110 a share -- to $338. The plunge followed news of weak subscriber growth in its third quarter. Netflix reported $1.2 billion in Q3 revenue, which was up 38 percent from the same period a year prior.
No More Wireless Mergers? No Problem
October 16, 2014
Big news: The new wireless world in the United States, which has been led by AT&T Mobility, Verizon Wireless, Sprint and T-Mobile, will stay exactly the same. That's right -- Iliad no longer is interested in T-Mobile. There will be no changes -- for now, anyway. So can we finally forget about all the merger distractions and focus on competing again? Please!
Wireless Carriers Could Take a Shine to Ad-Blocking
October 14, 2014
Shine Technologies may well upend the Net neutrality issue with the launch of AdSight, an ad-tracking product in development. AdSight reportedly will allow carriers to monitor the ads being delivered over their pipes. The data provided will be very granular, including who the ads are from and the level of individual ad impressions. The technology also will be able to block ads selectively.
The Double Irish Jig Is Up
October 14, 2014
Apple and other multinational companies that have been exploiting the notorious Double Irish tax loophole for years will have to look elsewhere for a comparable tax dodge. The Irish government's budget, presented on Tuesday by Finance Minister Michael Noonan, closes the loophole. The country's residency rules have been amended to require that all companies registered in Ireland be tax residents.
Snapchat Hackers Could Be Prosecuted for Child Porn Offenses
October 13, 2014
Private videos and pictures shared between tens of thousands of Snapchat users -- possibly as many as 200,000 -- were posted online by hackers over the weekend in an episode dubbed the "Snappening." Much of the content is sexual, including many nude photos -- some possibly of minors. The hackers appear to have gone for maximum embarrassment and humiliation with this particular breach.
Microsoft CEO Flip-Flops on Women Trusting Equal Pay to Karma
October 10, 2014
Microsoft CEO Satya Nadella has come under fire for comments he made on Thursday suggesting that women should trust in karma rather than ask for pay raises. "It's not really about asking for the raise but knowing and having faith that the system will actually give you the right raises as you go along," Nadella told a mostly female audience at the Grace Hopper Celebration of Women in Computing.
Tech Execs Issue Dire Warnings on Impact of NSA Surveillance
October 10, 2014
The NSA's wide-ranging surveillance of people's communications worldwide is hitting America's high-tech industry hard, said panelists on Wednesday at a roundtable held by Senate Finance Committee Chairman Ron Wyden in Palo Alto, California. Wyden set the tone from the start: "This is going to cost America jobs." Several foreign governments are planning to build domestic Internets.
One Way Around the Mobile Net Neutrality Conundrum
October 09, 2014
Verizon Wireless may be bitterly regretting the challenge Verizon made to the FCC's Net neutrality rules. There's little doubt competing wireless providers are. Verizon in 2010 sued the FCC over its mandate that ISPs treat all Internet data the same. The D.C. Circuit Court of Appeals this year agreed with Verizon and struck down the rules. Now the FCC is putting it all back on the table.
Thync Scores $13M for Foggy Brain Project
October 09, 2014
Thync on Wednesday announced it had raised US$13 million in funding from "top-tier" investors, including lead investor Khosla Ventures. Thync's product, possibly called the "Vibe," is a wearable device that purportedly uses neurosignaling to modify a user's state of mind in relation to energy, calm and focus. Thync's claims have raised some eyebrows.
AT&T Will Fork Over $80M for Mobile Cramming
October 09, 2014
AT&T Mobility will pay $80 million for refunds to consumers who were unlawfully billed for unauthorized third-party charges in a practice known as "mobile cramming," the Federal Trade Commission announced on Wednesday. AT&T billed customers for hundreds of millions of dollars in subscription charges -- typically in increments of $9.99 per month -- levied by other companies.
BlackBerry Tries, Tries Again to Remake Its Brand
October 09, 2014
BlackBerry is trying to rebuild itself by remaking its brand. A successful brand is one of the most important parts of any success story. However once a brand has sprouted roots, it's very difficult to remake it. It's easier to start from scratch. So what is the plan at BlackBerry -- and will it be successful? The BlackBerry brand has grown and evolved over the last 10 to 15 years.
DEA Lifts Woman's Identity, Creates Fake Facebook Page
October 08, 2014
The U.S. Drug Enforcement Agency reportedly co-opted a woman's identity to create a fake Facebook page as a ruse to investigate suspects. The agency posted racy pictures of the woman, then known as "Sondra Prince," as well as a photo of her young son and niece, to the sham page. The photos were taken from her cellphone, which DEA had seized when Prince was arrested in connection with a drug ring.
GT Files for Chap 11 After Apple's Sapphire Interest Wanes
October 07, 2014
GT Advanced Technologies and seven of its direct and indirect subsidiaries on Monday announced they had filed for Chapter 11 bankruptcy. GT, which makes sapphire components used in the iPhone, iPad and iPod touch, expects the U.S. Bankruptcy Court for the District of New Hampshire to authorize the company to conduct business as usual while it attempts to resolve its current financial issues.
HP Does the Splits
October 06, 2014
HP on Monday announced plans to separate its major business lines into two separate companies. HP Inc. will offer PCs and printers, while Hewlett-Packard Enterprise, will focus on IT infrastructure, software and services. HP CEO Meg Whitman will be the president and CEO of HP Enterprise. Don Weisler, EVP of HP's printing & personal systems division, will be the president and CEO of HP Inc.
EFF Raises Alarm Over ComputerCOP's Spying Ways
October 02, 2014
ComputerCOP software, a parental monitoring application that long has been recommended and distributed by law enforcement agencies, is little more than spyware with significant potential for abuse, the EFF reported Wednesday. The software includes a keylogger that could expose a family's personal information by transmitting what's typed to third-party servers without encryption, the EFF said.

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