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America Online

Submission + - Is Mark Zuckerberg 'Steve Case 2.0'?

theodp writes: With all signs for Facebook pointing up, author Douglas Rushkoff goes contra, arguing that Facebook hype will fade. 'Appearances can be deceiving,' says Rushkoff. 'In fact, as I read the situation, we are witnessing the beginning of the end of Facebook. These aren't the symptoms of a company that is winning, but one that is cashing out.' Rushkoff, who made a similar argument about AOL eleven years ago in a quashed NY Times op-ed, reminds us that AOL was also once considered ubiquitous and invincible, and former AOL CEO Steve Case was deemed no less a genius than Mark Zuckerberg. 'So it's not that MySpace lost and Facebook won,' concludes Rushkoff. 'It's that MySpace won first, and Facebook won next. They'll go down in the same order.'
Businesses

Submission + - Facebook's Revenues Leaked (reuters.com)

eldavojohn writes: Think that Goldman Sachs spent too much on Facebook with the $450 million investment? Well, a very wealthy customer of theirs decided to leak Facebook's financials today after receiving it over lunch: 'during the first nine months of 2010, Facebook generated $1.2 billion in revenue. Net income at the firm was $355 million. The financial statements were not audited and offered little detail about how Facebook generates it revenue, said the source, who did not want to be identified because he had signed a non-disclosure agreement.' Expanding this nine month period to a year yields $1.6 billion in revenue and under half a billion in income. Given that, should Facebook be valuated at $50 billion?
IBM

Submission + - IBM Makes A Super Memory Breakthrough 3

adeelarshad82 writes: IBM says they have made a significant leap forward in the viability of "Racetrack memory," a new technology design which has the potential to exponentially increase computing power. This new tech could give devices the ability to store as much as 100 times more information than they do now, which would be accessed at far greater speeds while utilizing "much less" energy than today's designs. In the future, a single portable device might be able to hold as much memory as today's business-class servers and run on a single battery charge for weeks at a time. Racetrack memory works by storing data as magnetic regions (also called domains), which would be transported along nanowire "racetracks." Instead of forcing a computer to seek out the data it needs, as traditional computing systems do, the information would automatically slide along the racetrack to where it could be used.
Science

Submission + - New Tech Promises Cheap Gene Sequencing in Minutes (gizmag.com)

Zothecula writes: Sequencing an entire genome is currently a highly complex, time-consuming process – the DNA must be broken down into segments and replicated, utilizing chemicals that destroy the original sample. Scientists from Imperial College London, however, have just announced the development of a prototype device that could lead to technology capable of sequencing a human genome within minutes, at a cost of just a few dollars. By contrast, when sequencing of the genome of Dr. James Watson (co-discoverer of the structure of DNA) was completed in 2007, it had taken two years and cost US$1 million.
Security

Submission + - Will 2011 be the year of mobile malware? (networkworld.com)

alphadogg writes: Perhaps one of the most common predictions of the last six years has been that mobile malicious software will suddenly proliferate, driven by widespread adoption of smartphones with advanced OSes. None of those prognostications have really come to fruition, but it's likely that the coming year will bring a host of new malicious applications. Users — while generally aware of threats aimed at their desktop computers and laptops — have a good chance of being caught flat-footed with their mobile phones.

In the third quarter of this year, up to 80 million smartphones were sold around the world, which accounted for about 20 percent of the total number of mobile phones sold, according to statistics published last month by analyst firm Gartner.

Experts say the threats against those devices are going to come in several categories, including rogue applications. In September, researchers from security vendor Fortinet discovered a mobile component for Zeus, a notorious piece of banking malware that steals account credentials. The mobile component, which targeted Symbian Series 60 devices or BlackBerrys, intercepted one-time passcodes used to verify transactions.

Other threats will include traditional malware, privacy/data collection issues, and social engineering.

Piracy

Submission + - RIAA, MPAA recruit MasterCard as Internet Police (myce.com) 1

An anonymous reader writes: Two weeks ago, MasterCard felt the wrath of Anonymous Operation Payback-style DDoS attacks after refusing to process payments that were intended to fund WikiLeaks, the website which began leaking confidential US diplomatic cables last month. Now, the company is preparing to head down another controversial path by pledging to deny transactions which support websites that host pirated movies, music, games, or other copyrighted content.

MasterCard lobbyists have also been in talks with entertainment industry trade groups, including the Recording Industry Association of America (RIAA) and the Motion Picture Association of America (MPAA), and have made it clear that the company will support the Combating Online Infringement and Counterfeits Act (COICA), sources close to the talks have said.

Submission + - Spanish congress rejects Internet censorship law

TuringTest writes: A comission of the Spanish Congress has rejected a law that allowed the closure of web sites that provide no authorized downloads. The government couldn't reach enough support from its allies not because those opposed the law in principle but because of the way it was redacted and the lack of negotiation. Recently the Spanish Senate rejected a law on net neutrality. Also the Wikileaks cables disclosed pressure from the USA to the Spanish government to pass a law to reduce Internet sharing of music and media, which is legal in Spain.
Medicine

Submission + - Patient Reportedly Cured of HIV by Stem Cells (gizmag.com)

Zothecula writes: An HIV-infected man who received stem cell treatment for leukemia from a donor with natural resistance to HIV infection appears to have been cured of HIV, according to a report on the NAM aidsmap website. The treatment, which was carried out in 2007, opens the possibility of a cure for HIV infection through the use of genetically engineered stem cells.
Games

Submission + - Why videogame movie adaptations need new respect (shadowlocked.com)

An anonymous reader writes: Hollywood has yet to find any videogame property it is willing to treat with the same respect as J.R.R. Tolkien or J.K.Rowling, arguably still following the principles that led to the appalling Super Mario Bros. movie in 1992: 'A game lacks the complexity that a movie requires'. Yet a modern videogaming masterpiece such as 'Mass Effect' has the depth and breadth to deserve better treatment in the proposed trilogy. Is Hollywood again going to disrespect fans who, in this case, have as much right to see a good plot respected as the readers of Lord Of The Rings? This article suggests why and how Hollywood should grow up regarding VG>movie adaptations.
Displays

Submission + - Apple wins patent on glasses-free 3D projector (idg.com.au)

angry tapir writes: "Apple has been awarded a U.S. patent for a display system that would allow multiple viewers to see a high-quality 3D image projected on a screen without the need for special glasses, regardless of where they are sitting. Entertainment is far from the only field in which 3D can enhance the viewing experience: others include medical diagnostics, flight simulation, air traffic control, battlefield simulation, weather diagnostics, advertising and education, according to Apple's U.S. patent 7,843,449 for a 3D display system."

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