Facebook IPO lawsuits to be heard in New York

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• Facebook IPO lawsuits to be heard in New York
• Samsung posts $7.3 billion third-qurter profit, this quarter will be tougher
• Facebook crosses billion threshold, on quest for growth
• Moon-shaped ice cream insanely cool, impossible to eat
• Official Bieber fan site fined $1 million for illegally tracking your preteens
• Watch Adele's Official 'Skyfall' Lyric Video
• Samsung puts quarterly profit at record high again
• Facebook now home to 1 billion monthly users
• Social media renders rapid judgment on debate
• Job cuts in more regions for Google's Motorola
• Field Trip tops Android Apps of the Week
• Samsung puts quarterly profit at record high again
• Leaked ASUS Padfone 2 specs point to big hardware boosts across the board
• Samsung posts $7.3 billion third-qurter profit, this quarter will be tougher
• TomTom releases an Android app… that only works on older low-res devices
• Zynga slashes 2012 outlook again, shares hit record low
• Lawmaker cites new cyber threats to financial networks
• Motorola confirms acquisition of facial-recognition tech company Viewdle
• Technology American Idol Could Hit Small Screen
• Facebook IPO lawsuits to be heard in New York
• HP is hiring 53 engineers to ramp up open source development of webOS
• Photo Challenge: What Are the Coolest Patterns You've Seen?
• Samsung's Galaxy phones drive record $7.3 billion profit
• Samsung Electronic estimates Q3 profit at record $7.3 billion
• Analysis: YouTube alienates amateur users by courting pros
• Apple, Amazon and Samsung make the biggest jump in brand value, study finds
• Watch Adele's Official 'Skyfall' Lyric Video
• Moody's puts HP's ratings on review
• Informatica profit warning hits tech sector shares
• Production of Razer’s ‘Project Fiona’ gaming tablet hinges on Facebook engagement
• Zynga warns of third-quarter loss, lowers 2012 outlook
• Oracle CEO Ellison dreams of making Hawaii island model of sustainability
• How KitchenAid Minimized Its Twitter Damage
• Datalink lowers 3Q outlook, stock takes big hit
• Zynga Officially Overpaid for Draw Something
• ATK wins $8.4 billion U.S. Army ammunition plant contract: Pentagon
• Cisco elevates 2 execs to president role
• This Show Wants You -- And Your Viral Videos -- on TV
• Snake Venom Could Relieve Pain; Baby Mice Birthed From Stem Cells
• Cisco taps two execs in CEO race

Facebook IPO lawsuits to be heard in New York Posted: 04 Oct 2012 05:11 PM PDT (Reuters) - Dozens of lawsuits against Facebook Inc, the NASDAQ exchange and various underwriters will be centralized before a federal judge in New York, who must sort through the legal aftermath of Facebook's botched initial public offering. A panel of federal judges on Thursday ordered that cases filed around the United States be transferred to U.S. District Judge Robert Sweet in Manhattan. Facebook had requested the transfer, while some investors sought to keep their cases in California. ...

Samsung posts $7.3 billion third-qurter profit, this quarter will be tougher Posted: 04 Oct 2012 07:55 PM PDT SEOUL (Reuters) - Samsung Electronics reported a record quarterly profit of $7.3 billion, nearly double last year's figure, as strong sales of high-end TVs and Galaxy smartphones more than offset reduced orders for chips and screens from Apple Inc, its main rival and leading customer. Most analysts, however, expect a run of four straight record quarters to end in December as the South Korean group, the world's leading maker of smartphones, TVs and memory chips, ramps up its marketing to counter Apple's new iPhone and other products in a crowded $200 billion global smartphone market. ...

Facebook crosses billion threshold, on quest for growth Posted: 04 Oct 2012 02:18 PM PDT NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc passed the 1 billion user mark in September, a level of global penetration that is a remarkable achievement for an 8-year-old social network and a heightened challenge to its quest for sustained growth. Facebook, which has endured a bruising four months in the stock market since a haphazard May 18 initial public offering, has acknowledged that a slowdown in new-user acquisition is inevitable as its worldwide reach expands. ...

Moon-shaped ice cream insanely cool, impossible to eat Posted: 04 Oct 2012 01:58 PM PDT Have your taste buds ever wanted to blast off into outer space? Want a dessert treat that's out of this world? No need to try to shoot the moon this holiday season — we've got a scrumptious delight that's sure to … Continue reading →

Official Bieber fan site fined $1 million for illegally tracking your preteens Posted: 04 Oct 2012 01:55 PM PDT He knows when you're sleeping. He knows when you're awake. He knows when you've been bad or good. But we're not talking about Santa Claus here — we're talking about barely legal pop sensation Justin Bieber, whose official fan website was … Continue reading →

Watch Adele's Official 'Skyfall' Lyric Video Posted: 04 Oct 2012 04:10 PM PDT The studio version of Adele's theme song for the latest James Bond movie, Skyfall, arrived Thursday night, along with a lyric video and more details on how the haunting ballad came to fruition.

Samsung puts quarterly profit at record high again Posted: 04 Oct 2012 08:42 PM PDT Samsung Electronics Co. tipped all-time high quarterly operating profit, likely driven by strong sales of high-end smartphones that offset weak semiconductor orders.

Facebook now home to 1 billion monthly users Posted: 04 Oct 2012 12:34 PM PDT More than a billion people now log into Facebook each month to check up on old friends, tag photos of new ones and post about politics, religion, cats or what their kids are doing.

Social media renders rapid judgment on debate Posted: 04 Oct 2012 01:20 PM PDT Big Bird is endangered. Jim Lehrer lost control. And Mitt Romney crushed President Barack Obama.

Job cuts in more regions for Google's Motorola Posted: 04 Oct 2012 09:12 AM PDT Google is broadening job cuts from its Motorola Mobility unit outside the U.S. and will take $390 million in severance costs and other charges related to the layoffs.

Field Trip tops Android Apps of the Week Posted: 04 Oct 2012 02:54 PM PDT There was a good selection of app to choose from this week. Leading the charge is Field Trip from Google's Niantic Labs which can help you discover unusual and too-often-missed things close by. We've also got the lowdown on PassWallet (an Android take on Apple's Passbook), a smart update to the New York Times, the prettiest accounting app you'll ever see (Xero) and the official offering from Amtrak. Keep on track with our Android Apps of the Week.

Samsung puts quarterly profit at record high again Posted: 04 Oct 2012 08:42 PM PDT Samsung Electronics Co. tipped all-time high quarterly operating profit, likely driven by strong sales of high-end smartphones that offset weak semiconductor orders.

Leaked ASUS Padfone 2 specs point to big hardware boosts across the board Posted: 04 Oct 2012 08:20 PM PDT ASUS's (2357) Padfone was an interesting hybrid that tried to bridge smartphones and tablets, but it failed to catch on due to an expensive price tag. Newly leaked specs from EEEPC.it suggest ASUS's successor, the Padfone 2, will sport a 1.5GHz quad-core Qualcomm processor, 2GB of RAM, a 4.7-inch display with a 1280 x 720 resolution, 13-megapixel rear camera, and a 2,140mAh battery. Other rumored specs include GSM 1900/850 MHz, WCDMA 2100 MHz and NFC. ASUS sent out invitations to the media indicating it will announce the Padfone 2 on October 16th in Milan, Italy and Taipei, Taiwan. For ASUS's sake, we hope it has managed to lower the price. [Via Liliputing] Read

Samsung posts $7.3 billion third-qurter profit, this quarter will be tougher Posted: 04 Oct 2012 07:55 PM PDT SEOUL (Reuters) - Samsung Electronics reported a record quarterly profit of $7.3 billion, nearly double last year's figure, as strong sales of high-end TVs and Galaxy smartphones more than offset reduced orders for chips and screens from Apple Inc, its main rival and leading customer. Most analysts, however, expect a run of four straight record quarters to end in December as the South Korean group, the world's leading maker of smartphones, TVs and memory chips, ramps up its marketing to counter Apple's new iPhone and other products in a crowded $200 billion global smartphone market. ...

TomTom releases an Android app… that only works on older low-res devices Posted: 04 Oct 2012 07:15 PM PDT TomTom this week released its popular mobile navigation platform as an Android app that's now available for $38 on the Google (GOOG) Play store. There is a big catch, however, as The Verge reports that the TomTom Android app not only lacks some features such as FourSquare integration that the iOS version has but it also won't work on several recently-released Android devices including the Galaxy Nexus, the Nexus 7, the HTC One X, the Galaxy S III, and the Galaxy Note. A spokesperson for TomTom says that although the app will work on devices that have Android 2.2 or higher, the devices have to run at resolutions of 800 x 480 pixels or 854 x 480 pixels, meaning all of the recent high-spec Android phones are out. The

Zynga slashes 2012 outlook again, shares hit record low Posted: 04 Oct 2012 06:35 PM PDT SAN FRANCISCO (Reuters) - Zynga Inc slashed its 2012 outlook for a second time on the poor performance of its live Internet games and the writeoff of an acquisition, fanning doubts about its ability to halt a steep decline in earnings and sending its shares to a record low. The social games maker -- hailed a year ago as part of a new generation of hot consumer Internet companies -- acknowledged on Thursday that it is still struggling to stem user flight from Facebook titles like "CityVille" and "FarmVille" that had once driven revenue growth. ...

Lawmaker cites new cyber threats to financial networks Posted: 04 Oct 2012 06:34 PM PDT WASHINGTON (Reuters) - The head of the House of Representatives Intelligence Committee said on Thursday that significant new cyber threats to U.S. financial networks appeared to be emerging from an "unusual" source. Committee Chairman Mike Rogers did not specifically identify the purported new threat nor its origin but referred several times to what he described as Iran's growing cyber espionage capabilities. ...

Motorola confirms acquisition of facial-recognition tech company Viewdle Posted: 04 Oct 2012 06:09 PM PDT Following a number of rumors from earlier this week, Motorola Mobility on Wednesday confirmed that it has acquired image and gesture recognition company Viewdle, TechCrunch reports. Terms of the agreement were not disclosed, however the deal is rumored to have been in the $30 million to $45 million range. The Ukrainian-based Viewdle markets facial recognition technology that can automatically tags photos, among other things. It is speculated that Google (GOOG) will integrate the service into its Motorola smartphones and its Google+ social network. Read

Technology American Idol Could Hit Small Screen Posted: 04 Oct 2012 05:50 PM PDT American Idol judge Simon Cowell and pop star Will.i.am are rumored to be searching for the next great tech entrepreneur. Larry Greenemeier reports.

Facebook IPO lawsuits to be heard in New York Posted: 04 Oct 2012 05:11 PM PDT (Reuters) - Dozens of lawsuits against Facebook Inc, the NASDAQ exchange and various underwriters will be centralized before a federal judge in New York, who must sort through the legal aftermath of Facebook's botched initial public offering. A panel of federal judges on Thursday ordered that cases filed around the United States be transferred to U.S. District Judge Robert Sweet in Manhattan. Facebook had requested the transfer, while some investors sought to keep their cases in California. ...

HP is hiring 53 engineers to ramp up open source development of webOS Posted: 04 Oct 2012 05:02 PM PDT After taking the wraps off Open webOS 1.0 last Friday, Hewlett-Packard (HPQ) has posted job listings for engineers in Shanghai, China and Sunnyvale, California, The Power Base reports. A total of 53 job listings have been made public. Positions include senior Linux software engineers, senior visual designer, senior product manager and many more. The Power Base says that these are high-paying positions and it shows HP is serious about reviving webOS as an open source operating system. While fans might be holding out for HP to release a Pre 3 or TouchPad successor with a revamped webOS, The Power Base says it's very unlikely HP will help develop the platform for consumer mobile devices. Instead, HP is most likely creating "a secure platform [it] can sell to corporate environments

Photo Challenge: What Are the Coolest Patterns You've Seen? Posted: 04 Oct 2012 04:54 PM PDT Patterns are everywhere — and not just because they're in style this season. Everything on Earth is composed of patterns, from the building blocks of our DNA to the city streets we live on. Our modern lifestyle is built on the patterns of data that drive our laptops and smartphones. Humankind has always been dictated by the patterns of nature. Whether they're ancient or modern, patterns can make for some truly beautiful imagery.

Samsung's Galaxy phones drive record $7.3 billion profit Posted: 04 Oct 2012 04:48 PM PDT SEOUL (Reuters) - Samsung Electronics reported quarterly profit of $7.3 billion on Friday, a fourth straight record quarter and nearly double last year's figure, as strong sales of its Galaxy smartphones more than offset reduced orders for chips and screens from Apple Inc, the South Korean group's main rival and leading customer. But the record run will come to an end in the current quarter as Samsung spends more on marketing to counter Apple's latest iPhone and other rival products in a crowded $200 billion plus global smartphone market. ...

Samsung Electronic estimates Q3 profit at record $7.3 billion Posted: 04 Oct 2012 04:38 PM PDT SEOUL (Reuters) - Samsung Electronics Co, the world's biggest technology firm by revenue, estimated its July-September operating profit at a record 8.1 trillion Korean won ($7.3 billion), driven by strong sales of its Galaxy smartphones. The South Korean firm's guidance - ahead of full quarterly results by October 26 - was higher than an average forecast of 7.6 trillion won by 16 analysts polled by Reuters. Samsung, valued at around $197 billion, estimated its July-September sales at 52.0 trillion won, compared with a market forecast for 51.7 trillion won. Samsung shares have risen 7. ...

Analysis: YouTube alienates amateur users by courting pros Posted: 04 Oct 2012 04:12 PM PDT SAN FRANCISCO (Reuters) - After struggling for years, in late 2010, Driving Sports TV, a scrappy, two-person video production outfit led by Ryan Douthit, finally began supporting itself with advertising income from YouTube. It didn't matter that the channel's production set was simply a green screen in Douthit's cramped garage in a leafy Seattle suburb; Driving Sports TV's revenues were roaring like the rally car engines it featured. Achieving self-sufficiency on YouTube was Douthit's dream. Then it became a nightmare. ...

Apple, Amazon and Samsung make the biggest jump in brand value, study finds Posted: 04 Oct 2012 04:11 PM PDT Interbrand this week released the results of its 13th annual Best Global Brands report, which ranks some of the top companies in the world by their "brand value." Coca-Cola (KO) was able to retain its number one spot, although not by a wide-margin. Outstanding sales in both developing and emerging markets helped Apple's (AAPL) brand jump 129% to second place, ahead of all other technology companies. Google (GOOG), which came in at number four, was finally able to surpass Microsoft (MSFT), while Samsung (005930) and Amazon (AMZN) saw increases of 40% and 46% respectively. "As global competition increases and many competitive advantages, like technology, become more short-lived, a brand's contribution to shareholder value will only increase," noted Jez Frampton, Interbrand's

Watch Adele's Official 'Skyfall' Lyric Video Posted: 04 Oct 2012 04:10 PM PDT The studio version of Adele's theme song for the latest James Bond movie, Skyfall, arrived Thursday night, along with a lyric video and more details on how the haunting ballad came to fruition.

Moody's puts HP's ratings on review Posted: 04 Oct 2012 03:57 PM PDT Moody's Investors Service on Thursday placed its long-term credit ratings for Hewlett-Packard Co. on review for a possible downgrade after the technology company issued a disappointing forecast for the coming year.

Informatica profit warning hits tech sector shares Posted: 04 Oct 2012 03:39 PM PDT (Reuters) - Software maker Informatica Corp rattled investors with a warning on Thursday about worsening business conditions in Europe, sending its shares down over 25 percent. Informatica's software, which helps companies pull together data so they can analyze business trends, is used alongside that made by bigger software companies so its weakness often drags down peers. But analysts said Informatica's problems may be company specific, citing an internal sales reorganization, and said overall tech spending would likely be stable. ...

Production of Razer’s ‘Project Fiona’ gaming tablet hinges on Facebook engagement Posted: 04 Oct 2012 03:32 PM PDT One of the craziest tablets to come out of this year's CES was Razer's "Project Fiona" tablet. The gaming company's CEO Min-Liang Tan said he wanted to build a completely different sort of tablet – one that was the complete opposite of an iPad or Android tablet. Much like the Wikipad, the Fiona tablet concept had dual-analogs, and enough buttons to satisfy any console gamer. Where Fiona differed was its ability to play full-fledged PC games such as Skyrim and World of Warcraft natively, whereas Wikipad can only play PC games streamed from the cloud. Although the tablet was originally announced as a concept device and nothing more, Tan announced on his Facebook (FB) page Wednesday that if the device's page gets 10,000

Zynga warns of third-quarter loss, lowers 2012 outlook Posted: 04 Oct 2012 03:28 PM PDT SAN FRANCISCO (Reuters) - Zynga Inc on Thursday slashed its 2012 outlook for the second time in two months, warning that lagging performance from its live Internet games and a writedown from an acquisition would drag down its third-quarter results, and its shares fell 18 percent. The company estimated a third-quarter loss of 12 cents to 14 cents and projected 2012 adjusted earnings before interest, tax, depreciation and amortization (EBITDA) of $147 million to $162 million versus its previous outlook for $180 million to $250 million. Shares of Zynga fell 18 percent to $2. ...

Oracle CEO Ellison dreams of making Hawaii island model of sustainability Posted: 04 Oct 2012 03:25 PM PDT HONOLULU, Hawaii (Reuters) - If Oracle billionaire CEO Larry Ellison has his way, the Hawaiian island of Lanai will be transformed into a model for environmentally sustainable enterprise, a prospect that has excited some residents of the tropical paradise. Ellison bought 98 percent of the 141-square-mile (365-sq-km) Lanai from billionaire David Murdock in June for an undisclosed price. Ellison's Lanai holdings include two resorts and golf courses, a variety of commercial and residential structures and vast acres of former pineapple fields that now rest undeveloped. ...

How KitchenAid Minimized Its Twitter Damage Posted: 04 Oct 2012 03:23 PM PDT An errant tweet by KitchenAid resulted in a short-term pr disaster, but the brand minimized the damage with a quick apology, according to one researcher.

Datalink lowers 3Q outlook, stock takes big hit Posted: 04 Oct 2012 03:17 PM PDT Data-center services company Datalink Corp. lowered its outlook for third-quarter revenue and net income on Thursday saying its customers remain wary of making large capital outlays in the uncertain economy.

Zynga Officially Overpaid for Draw Something Posted: 04 Oct 2012 02:59 PM PDT It's kind of tragically hilarious that people wondered if Zynga underpaid for OMGPOP, the company that makes mobile game Draw Something, since Zynga's earnings report out today has OMGPOP at half its purchase value. Back when Draw Something was uber-popular, Zynga paid $183 million for the start-up. Today, the gaming company will write the value down to somewhere between $85 million and $95 million. OOF.

ATK wins $8.4 billion U.S. Army ammunition plant contract: Pentagon Posted: 04 Oct 2012 02:55 PM PDT WASHINGTON (Reuters) - Alliant Techsystems Inc has won a contract valued at up to $8.4 billion to supply small-caliber ammunition to the U.S. Army and continue operating the Lake City Army Ammunition Plant in Independence, Missouri, the Pentagon announced on Thursday. The fixed-price contract runs through September 30, 2022, the Pentagon said in its daily digest of major contracts. On Monday, ATK announced it had been selected to provide the ammunition and manage the Lake City plant, but did not provide the value of the contract. ...

Cisco elevates 2 execs to president role Posted: 04 Oct 2012 02:51 PM PDT Cisco Systems Inc. hasn't had a president since CEO John Chambers gave up the title in 2006. Now, as the company thinks about a successor to the long-serving CEO, it's appointing two presidents — twice the number most companies have.

This Show Wants You -- And Your Viral Videos -- on TV Posted: 04 Oct 2012 02:51 PM PDT RightThisMinute, a daily television broadcast that dissects viral videos, wants to create "the largest newsroom on Earth" -- starting with you and the videos you create or discover.

Snake Venom Could Relieve Pain; Baby Mice Birthed From Stem Cells Posted: 04 Oct 2012 02:44 PM PDT Discovered: A whole new type of lab mouse; black mamba venom dulls pain better than morphine; drilling deep into the Earth; microbial diversity turned into jazz.

Cisco taps two execs in CEO race Posted: 04 Oct 2012 02:43 PM PDT (Reuters) - Networking equipment company Cisco Systems is expanding the roles of two executives it has identified as possible successors to long-serving Chief Executive John Chambers. Chambers, who took the helm at Cisco in 1995 and turned the small company into a multi-billion dollar operation, has said he aims to step down in two to four years. Cisco appears to be taking a cue from other large U.S. firms like media giant Disney that are seeking a smooth CEO transition by tapping possible heirs years in advance. ...

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