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Submission + - OiNK BitTorrent site raided, closed (bbc.co.uk)

Gossi writes: "OiNK, one of the largest invitation only BitTorrent sites on the internet, has been raided by police in the UK and Amsterdam, reports the BBC. From the article — "A 24-year-old man from Middlesbrough was arrested on Tuesday morning. [..] At the same time his employer — a large multi-national company — and his father's home were also raided." Unsurprisingly, the site is now offline."

Comment Re:Good will (Score 1) 158

They have to pre-announce they're taking a 1Billion hit this financial quarter due to SEC regulation. Funnily enough they also announced they expect the XBOX division to be profitable next year. i.e. they're taking a huge loss now so they can claim a profit next year for their shareholders.

I'm going to go out on a limb and guess that you aren't a CPA. They aren't "pre-announcing" a 1 billion dollar hit. They've extended the Xbox 360's warranty to 3 years, which covers every single 360 currently in a home. Now, because they've done this FASB's accounting standards state that they must recognize a liability for the potential cost to the company if all these warranties are called in. I would expect the actual hit to their bottom line from Warranty Expenses will be less than this 1 billion figure, and that will be spread out over next few years. So it doesn't just hit them this year to help make next year profitable, as they can have expenses from this 3 year warranty easily hit next year and the year after as well.


Submission + - Best Buy Under Investigation

quibbs0 writes: ""Best Buy is getting into some hot water because of an intrastore version of its Web site. The Connecticut Attorney General's Office has launched a probe into the chain's use of an internal version of its Web site that looks and acts virtually identical to the public Web version except that it sometimes offers higher prices, according to Connecticut Attorney General Richard Blumenthal."
Role Playing (Games)

Submission + - Inside Second Life's Data Centers

Mitch Wagner writes: "InformationWeek strips Second Life naked and exposes its pink, quivering flesh. We caress its pulsating bosom with our lusty eyes. In other words, we go inside the data centers and describe the 2,000 servers running Debian Linux and MySQL that keep the virtual world running. Also: Contrary to rumor, Linden Lab, the company that develops and maintains Second Life, has not yet decided whether to open source the server, although they do plan in some fashion to allow other companies to host their own SL servers."

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