Google completes $3.2 billion Nest Labs purchase News of the finished deal comes via a Securities and Exchange Commission filing showing everything was finalized on February 7. Google said in its filing, We expect that the acquisition will enhance Google's suite of products and services and allow Nest to continue to innovate upon devices in…
News
Carl Icahn Backs Down on AAPL Buyback Demands
Carl Icahn: Never mind on my AAPL stock buyback plans Mr. Icahn's announcement came after the proxy advisory company Institutional Shareholder Services, or ISS, advised Apple's shareholders to vote against Mr. Icahn's proposal. Apple has been opposed to Mr. Icahn's proposal, too, and company CEO Tim Cook thinks the board is already acting aggressively with…
Snapchat Vulnerable to Denial of Service Attack
Snapchat security can be used in DoS attack Security consultant Jamie Sanchez discovered that by recycling the Snapchat's own security authorization tokens to send thousands of messages over several seconds to a victim's iPhone, leading to a device crash and reset. Since the security tokens don't expire, hackers can reuse them to target individual users…
Analyst: AAPL to Raise Shareholder Dividend
Wells Fargo sees an Apple stock dividend increase coming Mr. Um told investors, Given Apple's propensity to be more long-term shareholder friendly, we believe Apple is more likely to surprise on a dividend increase though expect a similar share repurchase authorization to support similar opportunistic opportunities. However, with $34.4 billion of cash onshore at the…
HooToo’s 7 Port 3.0 Hub With 2 Charging Ports Is Small, Compact
HooToo has introduced the HT – UH010, a new USB 3.0 Hub that also includes two charging ports, one suitable for iPhones (1 amp) and one suitable for iPads (2.1 amps). HT- UH010 from HooToo It is quite compact, measuring 5.71 x 1.73 x 0.91-in (144 x 43 x 22-mm), and includes an LED…
Satya Nadella in as Microsoft CEO, Bill Gates Steps Down as Chairman
Microsoft's new CEO: Satya Nadella Mr. Nadella joined Microsoft in 1992 and has since been instrumental in the company's servers and tools business, as well as developing the cloud system to support Xbox, Bing, Office and other services. He is taking over for Steve Ballmer who announced his retirement in August 2013. At the time,…
Phone Scam Hits Victims with Surprise Charges
The scheme works by calling phone numbers, letting them ring once, and then disconnecting. The call lasts just long enough to register on your phone's Caller ID, but is short enough you likely won't be able to answer. If someone is curious enough to call back — and that's what the scammers are counting on…
Sightings: Hamilton on Maccast, Martellaro on Tech Night Owl
Meanwhile, TMO's senior editor, John Martellaro, joined Gene Steinberg's Tech Night Owl to chat about Google's decision to sell its Motorola Mobility handset division, at fire sale prices, to Lenovo. You'll also hear him explain why Wall Street doesn't understand Tim Cook's business strategy (or doesn't want to), the future of the Mac, and an…
States want $840M from Apple for Ebook Price Fixing
States asking for $840 million from Apple in ebook price fixing case The damages amount the states are asking for is based on 0.5 percent of the $158.8 billion in cash Apple had at the end of 2013, according to Bloomberg. The states involved in the lawsuit have claimed that Apple's actions caused economic harm…
Facebook Targets Flipboard with New iPhone Paper App
Facebook wants to keep user's eyes with Paper for iPhone Like Flipboard, Paper is a full screen app that lets users swipe to move from story to story as if they're flipping through magazine pages, supports zooming in to photos, lets users subscribe to content from what the company is calling trusted publishers, and supports…
Samsung's Win: No Sanctions in Apple, Nokia Document Leak
No sanctions for Samsung in Apple, Nokia document leaks Quinn Emanuel came under fire for sharing confidential documents related to Apple and Nokia's licensing deals with Samsung that were intended only for special witnesses. Samsung found itself in hot water for then using those documents to gain an unfair advantage in its own negotiations with…
New Apple Retail Exec Angela Ahrendts Awarded Dame Honor in UK
News of the honor has been low key with both Ms. Ahrendts and the British Government skipping any formal announcement. The award was confirmed in October 2013, according to Vogue, but the news is just now surfacing. Ms. Ahrendts has been credited with turning around Burberry's performance in the Asian market where the retailer hadn't…
Donald Trump: Lack of Bigger iPhone Makes Apple Dumb
Trump says Apple needs a bigger iPhone Mr. Trump offered up his financial analysis on Twitter saying, Apple's iPhone sales fell way short-they must go to a larger screen, as alternative, fast (as I said long ago)! Samsung's size much better. I predicted Apple's stock fall based on their dumb refusal to give the option…
Carl Icahn Plunks Down Another $500 Million on $AAPL
Shares of AAPL opened down more than US$40 lower, as shown in the chart below, and didn't budge much throughout the session, despite all the money that Carl Icahn was pumping into the stock. The stock closed at $506.50, down $44.00 (-7.99 percent), on extraordinarily high volume of 38.1 million shares trading hands, more than…
A Next Generation Stylus: TruGlide Apex Uses Electronic Magic
Introduction – Why a $60 Stylus? Apple's iOS devices are designed to work without a stylus. There's a reason for that: Steve Jobs didn't believe in them. “God gave us 10 styluses, let’s not invent another,” he told Walter Isaacson, his biographer. And yet. There are times when a stylus is useful. Indeed splendid. It…
After Hours Traders Send $AAPL Down $43.50 on Guidance & iPhone Sales
After-hours session typically have an exaggerated effect on Apple's stock in either direction compared to regular session trading the next day. It's doubtful that $AAPL will open as low as Tuesday's after-hours low, but investors definitely have things to be tense about despite record revenues and record earnings per share for the quarter. “The real…
ABC Interviews Tim Cook on NSA Surveillance Friday Night
TechCrunch spotted the teaser video posted by ABC, and in that teaser Mr. Cook once again states that the U.S. government has no access to Apple's servers. In a quote that I personally love, he said, “They would have to cart us out in a box for that.” The teaser text in full: ABC's David…
Carl Icahn to Apple: I Know Best, and I Just Bought $1 Billion More in $AAPL Stock
TMO's Artist's Representation of Carl Icahn's Characterization of Apple's Management Mr. Icahn was already a major Apple shareholder before Thursday's investment announcement, and he has been pushing the company to get more aggressive in buying back its own stock. For Apple's upcoming annual shareholder meeting, Mr. Icahn submitted a shareholder proposal that would require Apple…
Surprise! Microsoft Loses Money Every Time It Sells a Surface
The Surface Trainwreck In quarterly filings with the SEC, Microsoft reported that it had a whopping US$893 million in revenue from selling an unspecified number of Surfii (no more than a couple of million units), and that doing so only cost the company $932 million. That left Microsoft $39 million the poorer for all that…
Wacom Bamboo Pad Has The Touch of Class
The Wacom Bamboo Pad is a multi-use input device, touchpad and drawing tablet with stylus. It can be used with its stylus and/or your fingers for click-tapping and gestures for computer input to replace a mouse. Plus, the stylus can be used with any drawing app. ________________________ First shipped in October, 2013, the Wacom Bamboo…
Icahn AAPL Investment Tops $3B as he Slams Board over Stock Buyback
Carl Icahn has a $3 billion investment in Apple and is pushing for a more aggressive stock buyback In a post on Twitter he said, “Having purchased $500 million more $AAPL shares in the last two weeks, our investment has crossed the $3 billion mark yesterday.” He added, We feel $APPL board is doing great…
A Sad Tale of a Microsoft Surface RT Customer
The discussion they were having was right next to us, so we couldn't help inquiring about what was going on. It turns out that the price was right for that Surface RT, but in the end, it wasn't able to run the X86 binaries, her classic Windows apps that the daughter had on her Windows…
Microsoft's Woes Mount as HP Brings Windows 7 'Back by Popular Demand'
The Verge noted HP's move, reporting that the company was emailing customers with the news that “Windows 7 is back,” accompanied by promotional material on the HP website saying that Windows 7 is “back by popular demand.” That demand is so popular, HP will give you up to $150 off the price of your PC…
Starbucks Responds to iPhone Privacy Concerns with App Update
Starbucks app left user logins unprotected The user name and password issue was revealed by Daniel Wood at the seclists.org website where he said, There are multiple instances of the storage of clear-text credentials that can be recovered and leveraged for unauthorized usage of a users account on the malicious users’ own device or online…