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Businesses

Facebook Reportedly Filing $5 Billion IPO Today 268

Posted by samzenpus from the price-of-a-friends-list dept.
hypnosec writes "Today is the day when Facebook may be submitting all required paperwork to regulators for its $5 billion initial public offering. According to the source close to the deal, Facebook has selected Morgan Stanley along with four others — Bank of America Merrill Lynch, Goldman Sachs, JP Morgan and Barclay's Capital to handle this IPO. Morgan Stanley will be taking "lead left" role in this supposedly biggest IPO from Silicon Valley. According to International Financing Review, the preliminary target of $5 billion will be increased by many folds in coming few months as a response to the demands of investors. Sources close to this matter disclosed that this might turn out to be defining moment for current web investments. The deal might rise to $10 billion which eventually will make Facebook a social networking empire valued between $75 billion to $100 billion. In fact, $75 billion is definitely an undervaluation compared to previous expectations."
Communications

Does Wiretapping Require Cell Company Cooperation? 174

Posted by timothy from the plumb-the-depths-of-your-cynicism dept.
decora writes "Recently the dictator of Belarus, Alexander Lukashenko, accidentally admitted to wiretapping journalist Irina Khalip. Khalip is the wife of Andrei Sannikov, one of the many opposition presidential candidates who was imprisoned after the election in 2010. I am wondering how Lukashenko did this? Can a government tap a modern cellphone system without the company knowing? Or would it require cooperation, like when AT&T and others helped the NSA perform warrantless wiretapping on Americans?"
Programming

NetBeans 7.0 Is Now Available 137

Posted by samzenpus from the everyone-likes-new-stuff dept.
An anonymous reader writes "Oracle releases NetBeans IDE 7.0, which introduces language support for development to the proposed Java SE 7 specification with the JDK 7 developer preview. The release also provides enhanced integration with the Oracle WebLogic server, as well as support for Oracle Database and GlassFish 3.1. Additional highlights include Maven 3 and HTML5 editing support; a new GridBagLayout designer for improved Swing GUI development; enhancements to the Java editor, and more."
Transportation

TSA Bans Toner and Ink Cartridges On Planes 633

Posted by Soulskill from the there-goes-hp's-exploding-printer-product-line dept.
Grond writes "The US has banned toner and ink cartridges from passenger aircraft in the wake of last month's bomb plot. 'The printer cartridge ban affects cartridges over 16 ounces.' No word yet on whether that's a weight or volume measurement or whether it's a per-cartridge or per-passenger limit." The ban comes alongside a prohibition on air cargo originating from Yemen and Somalia. Bruce Schneier's blog points out another potential consequence from the recent bomb plot: the end of in-flight Wi-Fi.

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