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Oracle Claims It Lost Over 1 Billion
Oracle now estimates it has lost $1.16bn from Google’s alleged copyright and patent infringement by the Android operating system.
Last year Oracle sued Google claiming that its popular Android operating system infringed Java patents and copyrights. Since then the two sides have been trying to come to an agreement on any damages Google might have to pay.
Initially Oracle claimed $6.1bn from Google, but Judge William Alsup quickly told Oracle to come back with something more realistic. Oracle did just that yesterday with a figure $2.2bn, a figure that Google has urged the court to reject. Now Oracle claims it has lost $1.16bn due to Google’s Android, though this figure is not related to the damages claim it made yesterday.
Google on the other hand has claimed that Oracle’s expert witness Iain Cockburn, who calculated the damages, was a little too zealous in adding up his figures. Judge Alsup has already rebuked Google twice, once for trying to downplay the significance of Android and a second time for trying to use failed licensing talks with Sun to reduce any damage award.
Twitter Security Lagging,Says Experts
July 13, 2011 by admin
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The fast-growing microblogging site Twitter is lagging behind some other Internet services in using methods to help secure the accounts of users, security experts say.
Weaknesses in Twitter’s security became apparent on the U.S. July 4 Independence holiday as a still unidentified hacker took control of a Fox News Twitter account and tweeted falsely claiming that U.S. President Barack Obama was dead.
While the hijacking of Twitter accounts is not new, the false Tweets about Obama generated headlines around the world.
The Secret Service is investigating the matter. Fox News has said does not know how the attacker gained control of its account, but complained that it took Twitter more than five hours to return control of the account to Fox.
“What Twitter needs to do now is to commit to a thorough review of their security practices,” said Daniel Diermeier, a professor at Northwestern University’s Kellogg School of Management. “For Twitter this is a very serious problem.”
Security experts said the attack might have been prevented if Twitter had offered two-factor authentication technology to secure its accounts.
Twitter Toying With Money Making Ideas
June 29, 2011 by admin
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Twitter is considering the option of placing ads into the live stream of messages, according to the Financial Times. The addition of “promoted tweets” — a more palatable way to say advertising — within the live Twitter stream is bound to turn off many users, at the same time as it attracts businesses looking to reach some of the company’s 300 million users.
Twitter’s executives have been in discussions with strategists at the Cannes Lions International Advertising Festival in France this week to find a way to increase revenues, which disproportionately trail those of social media companies such as Facebook.
Twitter is expected to generate revenues of about $100 million this year. Facebook, by contrast, reaps $3.5 billion from display advertising, according to a forecast by Enders Analysis.
A few other ideas leaked out of these meetings. One was that Twitter would offer mass coupon deals, which hold potential given the real-time nature of interacting on Twitter. A brand profile, which would allow advertisers to pre-schedule their company’s Tweets, is also being considered.
Seagate To Acquire Samsung’s HD Unit
April 20, 2011 by admin
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Seagate Technology is to acquire Samsung Electronics loss-plagued hard disk drive (HDD) business for $1.4 billion as it looks to battle rival Western Digital Corp and curb price wars that continue to damage the industry.
The deal comes a month after Western Digital sought to buy Hitachi Ltd’s hard disk drive division for $4.3 billion, to create a global leader with deep resources.
It is yet to be seen whether Western Digital trump Seagate as the world’s largest hard drive maker after the deals conclude. In 2010, Seagate’s sales was $11.4 billion while Western Digital posted revenue of $9.85 billion.
Toshiba Corp and Fujitsu are the other smaller players in the hard-drive space.
The sale of the HDD business will see Samsung leave the cut-rate industry and focus on its bread-and-butter memory-chip business.
The sector is already battling persistent sales-growth declines and now faces a longer-term threat from wireless tablet devices using more power-efficient flash drives, or solid-state drives (SSD).
Tablets Boosts Corporate Spending on Wi-Fi
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The ever increasing popularity of tablets and smartphones has boosted sales of Wi-Fi equipment to new heights as businesses upgrade their wireless networks, analysts reported earlier this month.
Worldwide sales of wireless LAN equipment rose to $769 million in the fourth quarter of 2010, up 28% from the same period in 2009, according to Infonetics Research. Research firm Dell’Oro Group reported that for the full year, wireless network revenue surged by 25%, surpassing $5 billion. Read More……