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Submission + - Microsoft's share suffered biggest crash since 2000 ! (fool.com)

Submitted by Taco Cowboy
Taco Cowboy writes: Microsoft shares hit by biggest sell-off since 2000, $30 billion market cap wiped out

Shares of Microsoft dropped 11.4 percent today, representing the biggest single-day drop in over 13 years. The last time it occurred was on April 24, 2000, when shares plunged 15.6 percent as the world's largest software company locked itself in an antitrust dispute with the U.S. government. Since then, Microsoft has never experienced such a shelling, until today that is. This came after the software company posted dismal quarterly results due to weak demand for its latest Windows system and poor sales of its Surface tablet.

A lot of links available, below is only a very limited list

http://www.reuters.com/article/2013/07/19/us-microsoft-research-idUSBRE96I0MO20130719

http://www.fool.com/investing/general/2013/07/19/why-microsoft-shares-got-totally-crushed.aspx

http://www.smh.com.au/it-pro/it-opinion/steve-ballmers-eternal-quest-to-rescue-microsoft-20130719-hv11h.html

http://www.forbes.com/sites/afontevecchia/2013/07/19/microsoft-doesnt-fear-the-post-pc-world-bank-on-77b-in-cash-and-ballmers-shift-to-devices-and-cloud/

http://www.usatoday.com/story/tech/2013/07/18/microsoft-quarterly-earnings/2553649/

https://forum.lowyat.net/topic/2892284

Submission + - The Price of Amazon (nytimes.com)

Submitted by Anonymous Coward
An anonymous reader writes: As physical book stores continue to struggle and disappear, the NY Times puts it in perspective as a cost of the existence of Amazon. Further, it's a cost that hasn't been fully paid, as other effects of Amazon's ascendance have yet to be felt. Quoting: 'One consequence of this shift is that soon no one will know what a book’s “real” price is. Price will be determined by demand and perhaps by whim. The first seeds of this can be seen in the Justice Department’s suit against the leading publishers, who felt that Amazon was pricing their e-books so low that it threatened their viability. The government accused the publishers of colluding to raise prices in an anti-consumer move. Amazon was not a party to the case, but it emerged the big winner.' Economists, publishers, and readers no longer have confidence that a book will cost the same amount this week as it did the last.

Submission + - Clinkle Wants to Become your Wallet (nytimes.com)

Submitted by vikingpower
vikingpower writes: Clinkle, a new mobile payments start-up, may or may not have succeeded where so many other efforts have fizzled by inventing a practical way to replace credit cards with smartphones. It’s hard to say, though, since Clinkle won’t say much about how its system works. Its website is... well... slight.

But a prominent group of Silicon Valley investors who do know what Clinkle is cooking up are acting as though it has achieved a breakthrough. On Thursday, Clinkle announced that it had raised $25 million in early financing from Accel Partners; Andreessen Horowitz; Intel; Intuit; Marc Benioff, the chief executive of Salesforce.com; Peter Thiel, the co-founder of PayPal; and a long list of other investors with technology industry pedigrees.

The Huffington Post runs an article on Clinkle, or rather: about Stanford students putting their degree on hold to go work at Clinkle.. The Wall Street Journal mentions Clinkle having some 30-odd employees already. Are the days of tech bubbles and hypes back, is this a one-off, or is this imitator of Facebook's initial business model ( campus incubation ) doomed to fail ?

Submission + - California sends Bitcoin a Cease and Desist Letter (arstechnica.com)

Submitted by puddingebola
puddingebola writes: From the article, "California's Department of Financial Institutions has issued a cease and desist letter to the Bitcoin Foundation for "allegedly engaging in the business of money transmission without a license or proper authorization," according to Forbes. The news comes after Bitcoin held its "Future of Payments" conference in San Jose last month."

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