Steve Jobs has more money than the government. As the government struggled to reach an agreement on raising the debt ceiling, the US Treasury's cash balance fell to $US74 billion this week. That's less than the $US76 billion that Apple now has in cash. It's not terribly likely that the government will ask Apple chief executive Steve Jobs for help. But it wouldn't be the first time the government has asked for a bailout from an industry mogul. JP Morgan bailed out the government and stabilized the dollar in 1893.
More good news for Apple. They are now the largest smart phone maker in the largest after dislodging Nokia. Nokia's market share dropped from 38% to just 15%. Samsung also overtook Nokia. Nokia is still the largest overall cell phone maker in the world, but with their stock dropping so quickly, takeover rumors abound.
If you're looking for ways to make money than look for bugs. Any security vulnerability found in Google's Chrome browser will get paid over $3k. HP and now Facebook are also offering similar bounties. So far Google has paid out over $90k this year.
The Samsung Galaxy Tab 10.1 has gotten great reviews as a competitor to the IPAD. Now Samsung is adding all kinds of accessories to try to make it look like a laptop. You can add a wireless keyboard, a charging station, Adapter to plug into your television. I have had the Tab for about a month, and I wonder why people wouldn't just buy a laptop instead?
Adobe has given a preview of its latest product, Adobe Edge, an HTML5 web motion and interaction design tool. The release of Adobe Edge marks a change for Adobe, which could be shifting from Flash to HTML5. The company was spurned by Apple when Flash was not included in versions of the iPhone and iPad. HTML5 appeals to designers because it can create the same effect as Flash without the user having to download a plug-in.
Jake Davis, a British teenager accused of conspiring to create a fake news story claiming Rupert Murdoch had died, was released today on bail with the condition that he doesn't access the Internet. Davis, 18, from the Shetland Islands in Scotland, was arrested last week and charged with conspiring to carry out a so-called denial of service attack on computers at the U.K. government's Serious Organised Crime Agency, London's Metropolitan Police said in a statement yesterday.
Microsoft's share of the U.S. search market grew 11% to 14.1% in June, compared to a 12.7 % share in the same month a year ago, according to the latest data from comScore. Over the same period, Google's share increased 4.6%, to 65.5%. Microsoft's miniscule share of the global search market, meanwhile, is also creeping up--from 3.25% in September 2010 to 3.76% as of July, according to statistics from Net Applications. Google's global share was roughly flat over the same period at 83%. Microsoft's search gains are coming at a huge cost to the company. Revenue in the company's Online Services unit, which houses search operations, increased 15%, year-over-year, to $2.53 billion in the most recent fiscal year. But the unit's loss widened to $2.56 billion over the period, from $2.34 billion a year ago.
Social gaming company Zynga today announced that it is bringing its mobile Scrabble-like game Words With Friends to Facebook. That means players on Android devices and devices running the iPhone operating system iOS will be able to carry their active games over to Facebook and play them on the website. They will also be able to compete against players on Facebook while playing on mobile devices. That cross-platform functionality works on both Android and iOS devices, a Zynga spokesperson told VentureBeat.
About 1,000 patents have been purchased by Google from IBM Corp. in attempt to protect against suits by other technology companies, according to the U.S. Patent and Trademark Office. The patent transfers, which were recorded two weeks ago, cover a range of technologies. According to the blog SEO by the Sea, the patents cover topics "from the fabrication and architecture of memory and microprocessing chips, to other areas of computer architecture, including servers and routers," AFP quoted. "Like many tech companies, at times we'll acquire patents that are relevant to our business needs," said a Google spokesman said in a statement, as quoted by AFP. "Bad software patent litigation is a wasteful war that no one will win."
More efficient data centers and a slowing economy have put the brakes on the rapid growth of electricity use in data centers, according to a study released today. In an analysis of data center energy consumption, researcher and Stanford University consulting professor Jonathan Koomey found electricity use grew about 36 percent in the U.S. from 2005 to 2010 and 56 percent globally. That pace is lower than the doubling of data center electricity use that happened from 2000 to 2005, he found. With the growth of cloud computing and data center-connected mobile devices, giant data centers are being built, causing concern over the amount of energy they draw. Koomey estimates that globally data centers consumed between 1.1 percent and 1.5 percent in 2010. The number in the U.S. is between 1.7 percent and 2.2 percent.
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