Business

Wave of Australian iOS devices held for ransom via Find My iPhone hack

Sydney Morning Herald:

One iPhone user, a Fairfax Media employee in Sydney, said she was awoken at 4am on Tuesday to a loud “lost phone” message that said “Oleg Pliss” had hacked her phone. She was instructed to send $50 to a PayPal account to have it unlocked.

Why a tax implication might be driving an Apple/Beats acquisition

Forbes:

Corporate M&A decisions are increasingly being driven by offshore tax policy. It’s hard to argue the business logic of using offshore income to acquire foreign companies versus bringing the money back into the U.S. for a domestic acquisition.

Following the rough tax math of a foreign acquisition, Apple’s $3.2 billion bid would really be more like $2 billion if the transaction could take place in Ireland. Considering the fact that Apple currently has approximately $54 billion in cash parked offshore, the benefits of doing a foreign acquisition over repatriating that cash back into the U.S. become even more apparent.

Interesting conjecture.

Samsung pursuing sapphire for cover glass

According to the industry on May 22, Samsung Electronics and LG Electronics recently asked ingot and wafer makers to submit samples in an effort to adopt the sapphire cover glass. They reviewed it last year as well, but they were reluctant to use it because of high prices, but as global competitors recently announced plans to release new products with sapphire glass, they began to reconsider it in a hurry.

Sound familiar? It should.

Facebook’s left turn on privacy

Privacy concerns (AKA, Facebook sticking their nose in all my business) is one of several reasons I walked away from the platform more than a year ago.

Facebook is worried that you will start sharing less – or maybe even move to more anonymous services – unless it helps you better manage your private information. On Thursday, the company announced that it would give a privacy checkup to every one of its 1.28 billion users worldwide.

Is Facebook truly taking privacy more seriously?

Leaving iMessage

Re/code:

The Internet is filled with tales of frustration from those who have traded in their iPhone for an Android phone only to find their text messages trapped within Apple’s cloud. The issue arises when an iPhone customer trades in his or her phone for, say, an Android device, but keeps the same phone number that Apple’s messaging system recognizes as an iPhone.

iMessage is far from perfect but has gotten much better over the past year (at least from my experience). But that said, there is a point here.

What responsibility does a tech ecosystem bear to enable customers to easily leave that ecosystem? More…

Gigantic lawsuit against Pandora, Sirius/XM, for pre-1972 royalties

In 1972, copyright law was amended to cover sound recordings, but not retroactively. Yet there are many pre-1972 songs that are played on streaming and satellite radio, enriching the companies that play them. This issue is coming to a head.

Fantastic article, does a great job laying out the issues/players involved.

Samsung resumes settlement talks with Apple

Korea Times:

Samsung Electronics and Apple have recently agreed to begin talks to settle patent disputes out of court, according to people directly involved with the matter, Monday.

“Samsung has recently resumed working-level discussions with Apple and the key issue is how to dismiss all lawsuits,” they said, declining to be named.

They added that the recent verdict in the U.S. that admitted Apple’s infringement on some Samsung patents made things much better for the resumption of talks.

If true, an interesting development.

China bans Microsoft’s Windows 8 on government computers

Reuters:

The Central Government Procurement Center issued the ban on installing Windows 8 on government computers as part of a notice on the use of energy-saving products, posted on its website last week.

The official Xinhua news agency said the ban was to ensure computer security after Microsoft ended support for its Windows XP operating system, which was widely used in China.

Not clear exactly what prompted this, but it is a big deal to Microsoft.

Creative Cloud outage leaves Adobe users unable to work

This is part of the risk of moving everything into the cloud. If your app/data is installed on a hard drive and your computer fails, you can replace the hardware, restore from backup, get back up and running. If the cloud fails or the company goes under, you lose access to your work.

Yesterday’s FCC vote on net neutrality

There has been a lot of misinformation in the blogosphere about the implications of yesterday’s vote. The linked post made the most sense to me, did a good job of laying things out.

Google, Microsoft, Yahoo face big challenge in “right to be forgotten” EU ruling

When the top European court ruled that users have a right to be forgotten by search engines, they opened the door to a disruptive wave of possibilities.

“It’s just such a mind-bogglingly impossible decision,” said Fred Cate, distinguished professor at the Indiana University Maurer School of Law. “Courts aren’t responsible for the practical implications of rulings but this really staggers the imagination.”

The story of Beats by Dre, Monster Audio, and the deal that cost Monster everything

This story was posted in February 2013. It is a fascinating read, made current by the recent rumors of Apple’s possible acquisition of Beats Electronics.

According to the story, Monster Audio (the folks behind Monster cables and the like) did the original engineering work behind the Beats headphones. They also held the patents. As the story unfolds, you learn how what could have been a lucrative deal for all parties slowly unravelled.

Read it yourself, draw your own conclusions, but wow, that is some story.

Plaintiff in tech hiring suit asks judge to reject settlement

Reuters:

One of the plaintiffs in a lawsuit that accuses tech firms including Apple Inc and Google Inc of conspiring to hold down salaries has asked the court to reject a $324 million settlement negotiated by his own lawyers.

FCC head to revise net neutrality rules

The original FCC plan allowed for “paid prioritization” (fast lanes and slow lanes on the net) and the new language specifically disallows it. Hoping this plays out as stated and doesn’t get softened by corrupt influences.

Samsung Chairman Lee stable after surgery following heart attack

Bloomberg:

Lee was operated on early yesterday at Samsung Medical Center after being resuscitated and stabilized the previous night at Soonchunhyang University Hospital following an acute myocardial infarction, according to an e-mailed statement from Samsung Group spokeswoman Rhee So Eui.