Tech News Today 246
Recorded: May 19, 2011
Published: May 19, 2011
Tech News Today 246: Random Flying Guy Now On LinkedIn
LinkedIn goes IPO, Apple's cloud service is getting closer, facial recognition is scary, and more!
About LinkedIn http://press.linkedin.com/about/ LinkedIn IPO Shares Pop 84 Percent On First Trade, Opens At $83 Per Share]
- LinkedIn Surges in First Day of Trading
- LinkedIn CEO: Here's What We'll Do With All That IPO Money
- LinkedIn's IPO was today, initial pricing was $45 a share, opened at $83/share
- fluctuated, high of $122.70, closed at $94.25
- LinkedIn raised over $350M in gross proceeds
- Over 100M users as of March 2011, with approx. one million new members join every week
- At $94.25 a share (closing prie), LinkedIn worth ~$8.9 billion, (might dump these #s b/c they may not be accurate 25x 2011 revenue, assuming Q1 sales are matched over the next 3 quarters. Facebook would be valued ~ $100 billion using the same multiple.)
- CEO of LinkedIn Jeff Weiner gave an interview to Bloomberg TV: The IPO Money is going to be used for hiring, expansion in Europe and acquisitions. Currently up ~100%
- Largest US internet IPO since Google in 2004
- LinkedIn's market cap is 650x its 2010 earnings
- How Linked in makes money: LinkedIn generates roughly half of its revenue from companies looking to hire. Another 30% comes from advertising revenue, and just 20% from fees for premium services charged to its members.
- Apple signs EMI; cloud-music deals nearly done
- Whoa! Apple Patent Confirms iTunes Cloud Media Services
- Cnet is reporting that Apple has signed a cloud-music licensing agreement with EMI
- Apple is also close to completing deals with Sony and Universal.
- Warner Music Group is also already on board.
- will differ from Amazon/Google by "scan & match", rather than uploading
- Patently Apple found an Apple patent that explains methods of streaming content to Apple devices
- Main one of interest: initial portions of all content on your device locally so there's no wait to start. The stream fills in the rest"
- Is AT&T Overcharging iPhone and iPad Data Users 300%?
- Background: Supreme Court: AT&T can force arbitration, block class-action suits
- Class action lawsuit against ATT claims ATT routinely overcharges for data used by iPhones and iPads
- Normal overcharges range from 7-14% and sometimes as much as 300%
- MSNBC reports that the lawyers involved in the suit have spent $80,000 doing research for several months
- The Supreme Court on Wednesday [Apr 27] ruled that AT&T—and indeed, any company—could block class-action suits arising from disputes with customers and instead force those customers into binding arbitration.
- Apple to support reps: "Do not attempt to remove malware"
- Mac App Store's Slow Updates Expose Users to Security Risks
- Apple's internal AppleCare docs leaked out explaining how to handle the Mac Defender scare
- Apple's main points for its customer care:
- Do not confirm or deny that any such software has been installed.
- Do not attempt to remove or uninstall any malware software.
- Do not send any escalations or contact Tier 2 for support about removing the software, or provide impact data.
- Do not refer customers to the Apple Retail Store. The ARS does not provide any additional support for malware.
- MS, HP, Dell have support for malware problems
- Mac App Store doesn't have the latest apps which can create security problems. Example is Opera is 2 versions old in the Mac App Store and the newest versions fix critical flaws.
- Kindle books officially take over print sales at Amazon, pulp starts making retirement plans
- Way back in 1995, Amazon.com launched as an online bookstore. Today, Amazon announced that it is now selling more Kindle Books than print books - print books in this case includes both hardcovers and paperbacks. Considering Amazon's a heavy hitter in the book space, publishers have little reason to not publish Kindle editions now.
- Google warns against facial recognition database
- Google Builds Biometric Models of Celebrity Faces
- Eric Schmidt talked at Google's "Big Tent" conference in London yesterday and said that it is unlikely that Google would build a facial recognition database. That's not because Google couldn't do it - Schmidt said he was surprised by the accuracy of current facial recognition software and finds it "very concerning."
- Patent application by Google dated today entitled ""Automatically Mining Person Models of Celebrities for Visual Search Applications.""
- It covers "a computer-implemented method of automatic face recognition" it would also have "A system, comprising: (a) a face image database; (b) a name database; and (c) a computer-based face recognition system"
- It is focused on identifying celebrities though
- By The Numbers
- Gartner: Android leads, Windows Phone lags in Q1
- The actual Gartner study
- Verizon Finally Gets Around To Launching Its First Windows Phone
- Gartner said in a report released today that over 100 million smartphones were sold worldwide during the first quarter of 2011
- found Android made up 36% of sales
- Symbian 27.4%, iOS 16.8%, RIM 12.9%
- MS 3.6% with 1.6M WP7 units sold - compared to Q1 of 2010: Android: 9.6%, Symbian 44.2%, iOS 15.3%, RIM, 19.7%, MS 6.8%
- Gartner predicted last month that WP would increase to 19.5% in 2015
- VZ will launch its first WP7 device on May 26th, it's the HTC Trophy.
- WP7 phones are already on AT&T, T-Mobile & Sprint
- (T-Mo sells 1 WP7 Phone, Sprint sells 2 models, ATT has 4)
- Intel was spouting off at the mouth saying that Microsoft Windows 8 will be available in lots of different editions and the version for ARM processors would not support "legacy apps." Well, Microsoft is none too pleased about that and issued a statement. "Intel's statements during the Intel Investor Meeting about Microsoft's plans for the next version of Windows were factually inaccurate and unfortunately misleading." Intel said a lot of things about Windows 8, so we don't know which part Microsoft is denying.
- A UK blogger is warning people that old expired domains connected to Google Apps could lead to all kinds of security problems. On his blog, Ben Reyes, says that old expired domains with Google Apps that are picked up by new owners will still have all your data, emails, calendar information, attached to that domain. Considering Google requires proof of URL ownership to establish control of Google Apps, any old information left in Google Apps should be accessible to a new URL owner. The lesson: the sky is falling.
- Apparently, Microsoft just likes giving away Xboxes. Via a new promotion, if you buy a Windows 7-PC worth $699 or higher, you'll get an Xbox 360 Arcade system for free. No rebates necessary. You'll either need a .edu address for online purchases or a student ID for Microsoft and Best Buy stores. Promo runs from May 22nd to Sept 3rd in the US first, France and Canada will join the fun later.
- The European Union issued a nonbinding opinion that says user-location data is private. The EU also called for users of devices like smartphones to be given "clear, comprehensive" and understandable information about how long location data is processed. Even though the opinion is nonbinding, it could potentially lead to sanctions, so look out Apple and Google
- It's an exciting day because the Linux kernel has been updated. Version 2.6.39 brings lots of drivers, we're talking in the hundreds, people. That means Linux should be able to run on even more hardware. There's support for some AMD Cayman graphics cards, Broadcom chips, Nvidia GPUs and plenty more.
- Masterobjects is suing Microsoft over a patent related to instant search. If you're unfamiliar with Instant search, it is when you get results as you type in the search box. Masterobjects has already sued both Amazon and Google over the same patent.
- In semi-paradoxical news: A very public face and pseudo-spokesman of Anonymous has left the group. Barret Brown has made many appearances on TV speaking for the group. He's quitting Anonymous because of the lack of quality control - he was more interested in the group when it was assisting North African revolutions, but less interested with things like OpSony.
- Rockstar has received reports that some PS3s are overheating while playing L.A. Noire. Apparently, older 60GB and 80GB PS3 models are suffering the most - they are beeping and turning themselves off. What caused this? Rockstar and Sony's official joint statement: "At this time, Rockstar Games and Sony can confirm that neither L.A. Noire or firmware update 3.61 are causing the PS3 hardware to overheat."
Kickers and Weird Science
- Playboy's archives hit the iPad today, so pretend to enjoy the articles! They'll cost you $8 a month
- XBox 360's Spring dashboard update goes live today. It'll give consoles the ability to read higher capacity discs and provides support for PayPal to buy points and subscriptions
- Virgin Mobile is offering a new broadband plan in the US - for $20 you'll get 500MB, which is good for 30 days.
- Rapture on Saturday! Prepare to go to heaven, and I know we all will.
- If you're still around on Sunday, May 22nd, it's a great day for brunch. or if you're in the upstate new york area, Ithaca College's commencement falls on Sunday so you can swing on by there.
- PlayStation Store will return to PSN on May 24th
"And now for something completely different" seems to be a popular suggestion for the kicker.
"Hi guys - love the show! Listening right now to the talk about the hulu for magazines on android. You were speculating why it was only available through vcast android market. The reason is very likely because vcast supports auto-renew subscription billing, and android market does not have any type of subscription billing support (yet).
- Netflix -1
- ad times: :36-:47 and 18:33-19:45
- Edited by: Jason
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