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Silicon Valley Firms Having Cash Showers 123

Carl Bialik from WSJ writes "'The market for high-technology start-up businesses is so intense in Silicon Valley that some companies are being showered with millions of dollars from investors -- without even asking for it,' the Wall Street Journal reports. The home-improvement website Done Right received an email from a well-known investment firm inquiring about putting cash into the company. 'Paul Ryan, Done Right's chief executive officer, says the missive wasn't sent to him or to his executives -- it landed in a general corporate email inbox,' the WSJ reports. 'Mr. Ryan wasn't put off by the impersonal plea: "We're having very good discussions with [the firm] right now," he says, declining to name the potential investor.' The Journal notes that 'pre-emptive' funding is, of course, risky, and harkens back to bubble-year investment trends."

No More Next Big Thing? 564

CthuluOverlord writes "CNET News.com is reporting that Nicholas Donofrio, Big Blue's executive vice president of innovation and technology, made a declaration on Tuesday in an interview with ZDNet Asia. 'The fact is that innovation was a little different in the 20th century. It's not easy (now) to come up with greater and different things. If you're looking for the next big thing, stop looking. There's no such thing as the next big thing.'" Donofrio goes on to explain that he sees innovation as being services or social changes nowadays, rather than simply a better moustrap. What's the verdict? Is tech innovation dead?

DHS Gets Another "F" In Cyber Security 169

An anonymous reader writes "For the third straight year, the Department of Homeland Security -- which is charged with charting the federal government's cyber security agenda -- earned a grade of "F" for computer security from a key congressional oversight committee, according to a story at Washingtonpost.com. Not only did the overall government-wide computer security grade remain flat (at a barely-passing "D+" but several agencies -- mostly those on the "front lines in the war on terror" -- actually managed to fare worse this year."

Microsoft Pauses Work on 'Photoshop Killer' 212

daria42 writes "According to this article, Microsoft has paused development work on some parts of the pro graphics application it first released in beta back in June 2005. The problem? It appears the software giant doesn't see the application as a stand-alone product, but more of a companion piece to its Expression product line. Plus Vista needs to be released first."

Unpleasant Surprises for Online Real Estate Buyers 240

prostoalex writes "Buying expensive items online from the people you've never met without any guarantees on the seller's part might seem a bit risky even for an experienced Internet shopper. The 'hotness' of the real estate investment market apparently influences some cash-heavy investors to look for opportunities online. When the entire transaction is done via a click of the mouse, and the deed for newly bought real estate arrives in the mail, some unsuspecting buyers might discover that a cozy house near the bus line in the middle of a busy street might imply a criminalized neighborhood and proximity to crack house. The New York Times investigates negative experiences of people buying investment real estate online."

Supermicro Announces Quad-Opteron 1U Motherboard 158

hpcanswers writes "Supermicro, a producer of systems for the high-performance computing market, has announced a 1U-sized quad Opteron motherboard for the OEM market. The product, which is on display at CeBIT this week, supports both HyperTransport and PCI Express. It also consumes 1000 watts of power. Supermicro's announcement is all the more interesting because the company has historically only supported Intel processors."

How to Discover Impact Craters with Google Earth 158

Maikel_NAI writes "Believe it or not, Emilio Gonzalez, a Spaniard amateur began his crater search at home after reading an article about the discovery of Kebira, the biggest one found in the Sahara. After a couple of minutes he located two craters. After checking the records, he realized these were completely new, and now two geologists confirm his findings. And there is more, these craters may be part of a chain studied by NASA geologist Adriana Ocampo, so if it's confirmed that these new ones are part of the same episode, it could mean the definitive evidence for her theory of an asteroid broken into pieces fallen in that area."

Next DVD Format War Still Wide Open 253

An anonymous reader writes "Despite the wishes of partisan players like Sony and Toshiba, many consumer electronics manufacturers are opting to support both HD-DVD and Blu-Ray discs in upcoming media players." From the article: "Consumer electronics maker LG Electronics and PC maker Fujitsu-Siemens both said on Thursday they would keep their options open after computer giant Hewlett-Packard said last month it would back HD DVD as well as Blu-ray. Bjorn Sehrm, senior director Digital Home of Fujitsu-Siemens, told Reuters: 'We are planning to put both in. We don't take a stand in that fight, and actually we're very sorry that fight is happening.'

Skype Announces Skype For Business 102

conq writes "Skype has launched a new offensive to go after small business dollars. From the BusinessWeek article: 'The company is unveiling Skype for Business, aimed at small companies with fewer than 10 employees, on Mar. 9. Skype for Business will include a new Web site, Skype.biz, as well as a host of features and hardware. While Skype has introduced features appealing to business users one by one for the past six months, the new announcement marks the beginning of a concerted effort.'"

GPL 3 As Bonfire of the Vanities 426

morganew writes "Jonathan Zuck has written a CNET Op-ed stating that the GPL 3 is about returning the flock to the faith, and is reminiscent of Savonarola's 'Bonfire of the Vanities', urging true believers to burn things that took their eyes off God. From Article: 'The commercial humanists such as Lawrence Lessig with his Creative Commons initiative have turned away from the Old Testament, and the GPL 3.0 license is a call to the faithful to reject these vanities'. Given the reaction by Linus Torvalds and nearly all the OSS business community to the GPL 3, are we going to see a break in the church?"

OSS Not Ready for Prime Time in Education? 252

cel4145 writes "Inside Higher Ed reports that the Alliance for Higher Education Competitiveness has released a new study, The State of Open Source Software. Is it true that open source is 'not quite ready for prime time' in education? Or, as I suspect, is the study just another proprietary software vendor funded report for discouraging the adoption of open source software?" From the article: "Lack of vendor support is one of the largest hurdles limiting the adoption of open source in higher education, Abel said. 'The biggest thing is it takes more physical labor to implement open source because it isn't pre-packaged,' Abel said. "You have to have software developers that can make this stuff work.'" Are the staffing issues associated with OSS enough to outweigh the benefits?

India Tops Target List For Spam 107

Ant wrote to mention a ZDNet news report on the realities of spam traffic. The U.S. is still the number one producer/distributor of spam in the world. However, with their quick adoption of technology over the last few years, Indian users are now top targets for spam. From the article: "India's rapid adoption of new technology has left its PC users struggling to cope with very high levels of spam, according to a report released Wednesday. Ninety-one percent of email traffic sent to Indian PC users is spam, according to email security company MessageLabs, which warned that the rate of technological advancement has outstripped growth in security awareness. 'There is booming technology in India, but it has been suggested there is little thought for security, which creates a market to exploit that,' said Paul Wood, security analyst at MessageLabs."

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