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Comment Silly name (Score 1) 156

I believe they could have stayed on indefinitely if not for the silly name. We all know why it has that name, but I would never have discovered this magazine unless an adjunct professor in college pointed it out to us in 1990.

Piracy

Kim Dotcom Says Legal Fight Has Left Him Broke 117

mrspoonsi writes Kim Dotcom, the founder of the seized file-sharing site Megaupload, has declared himself "broke". The entrepreneur said he had spent $10m (£6.4m) on legal costs since being arrested in New Zealand in 2012 and accused of internet piracy. Mr Dotcom had employed a local law firm to fight the US's attempt to extradite him, but his defence team stepped down a fortnight ago without explaining why. Mr Dotcom said he would now represent himself at a bail hearing on Thursday. He denies charges of racketeering, conspiring to commit copyright infringement and money laundering. He told a conference in London, via a video link, that his lawyers had resigned because he had run out of money. "The [US authorities] have certainly managed to drain my resources and dehydrate me, and without lawyers I am defenceless," he said. "They used that opportunity to try and get my bail revoked and that's what I'm facing."

Comment Re:Not for Federal Customers (Score 1) 150

As far as the government is concerned, they would do the same thing they did with Conrail, Lockheed Martin, and Verizon Business (nee WorldCom) when their predecessor companies were ready to close up shop: Underwrite mergers and acquisitions by guaranteeing private sector investors with federal dollars. It usually works.

They learned a bitter lesson when New York Shipbuilding closed and are unlikely to let something like that happen in the cloud industry.

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