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  • Why a Chinese Company Is the Biggest IPO Ever In the US

    An anonymous reader writes The Chinese e-commerce giant Alibaba has made headlines lately in US financial news. At the closing of its Initial Public Offering (IPO) on Friday, it had raised $21.8 billion on the New York Stock Exchange, larger even than Visa's ($17.9 billion), Facebook's ($16 billion), and General Motors ($15.8 billion) IPOs. Some critics do say that Alibaba's share price will plummet from its current value of $93.60 in the same way that Facebook's and Twitter's plummeted dramatically after initial offerings. Before we speculate, however, we should take note of what Alibaba is exactly. Beyond the likes of Amazon and eBay, Alibaba apparently links average consumers directly to manufacturers, which is handy for an economy ripe for change. Approximately half of Alibaba's shares "were sold to 25 investment firms", and "most of the shares went to US investors."

    61 comments | 3 hours ago

  • Microsoft Kills Off Its Trustworthy Computing Group

    An anonymous reader writes Microsoft's Trustworthy Computing Group is headed for the axe, and its responsibilities will be taken over either by the company's Cloud & Enterprise Division or its Legal & Corporate Affairs group. Microsoft's disbanding of the group represents a punctuation mark in the industry's decades-long conversation around trusted computing as a concept. The security center of gravity is moving away from enterprise desktops to cloud and mobile and 'things,' so it makes sense for this security leadership role to shift as well. According to a company spokesman, an unspecified number of jobs from the group will be cut. Also today, Microsoft has announced the closure of its Silicon Valley lab. Its research labs in Redmond, New York, and Cambridge (in Massachusetts) will pick up some of the closed lab's operations.

    63 comments | 6 hours ago

  • Amazon Purchases .buy TLD For $4.6 Million

    onproton writes: Amazon outbid Google at the ICANN auction this week for the top-level domain .buy , to which it now has exclusive rights, paying around $4.6 million for the privilege. Google was also reportedly outbid for the .tech domain, which went for around $6.7 million. No word yet on Amazon's plans for the new domain suffix, but it's probably safe to say amazonsucks.buy will be added to Amazon's collection of reserved anti-Amazon URLs.

    51 comments | 7 hours ago

  • Ask Slashdot: How To Avoid Becoming a Complacent Software Developer?

    An anonymous reader writes: Next year will be the start of my 10th year as a software developer. For the last nice years I've worked for a variety of companies, large and small, on projects of varying sizes. During my career, I have noticed that many of the older software developers are burnt out. They would rather do their 9-5, get paid, and go home. They have little, if any, passion left, and I constantly wonder how they became this way. This contradicts my way of thinking; I consider myself to have some level of passion for what I do, and I enjoy going home knowing I made some kind of difference.

    Needless to say, I think I am starting to see the effects of complacency. In my current job, I have a development manager who is difficult to deal with on a technical level. He possesses little technical knowledge of basic JavaEE concepts, nor has kept up on any programming in the last 10 years. There is a push from the upper echelon of the business to develop a new, more scalable system, but they don't realize that my manager is the bottleneck. Our team is constantly trying to get him to agree on software industry standards/best practices, but he doesn't get it and often times won't budge. I'm starting to feel the effects of becoming complacent. What is your advice?

    208 comments | 9 hours ago

  • U2 and Apple Collaborate On 'Non-Piratable, Interactive Format For Music'

    Squiff writes U2 and Apple are apparently collaborating on a new, "interactive format for music," due to launch in "about 18 months." (A direct interview is available at Time, but paywalled.) Bono said the new tech "can't be pirated" and will re-imagine the role of album artwork. Marco Arment has some suitably skeptical commentary: "Full albums are as interesting to most people today as magazines. Single songs and single articles killed their respective larger containers. ... This alleged new format will cost a fortune to produce: people have to take the photos, design the interactions, build the animations, and make the deals with Apple. Bono’s talking point about helping smaller bands is ridiculous ... There's nothing Apple or Bono can do to make people care enough about glorified liner notes. People care about music and convenience, period. As for “music that can’t be pirated”, I ask again, what decade is this? That ship has not only sailed long ago, but has circled the world hundreds of times, sunk, been dragged up, turned into a tourist attraction, went out of business, and been gutted and retrofitted as a more profitable oil tanker."

    306 comments | yesterday

  • Inside Shenzen's Grey-Market iPhone Mall

    jfruh writes Despite being largely manufactured in China, iPhones are still too expensive for most Chinese to afford — new ones, anyway. That's why thousands come to a bustling marketplace in Shenzen that specializes in older grey-market iPhones. Many of them are damaged phones that have been refurbished by enterprising merchants. From the story: "Reselling iPhones can be a lucrative business. The Shenzen mall, called Open World Communication City, is based in the Huaqiangbei district, which attracts buyers from around the world who come here to shop for cheap devices and components. But some of the business is shady. Earlier this year, a person who claimed to have worked at the mall posted pictures online showing how dealers can refurbish an iPhone 5 to make it look like an 5s."

    52 comments | yesterday

  • Microsoft Lays Off 2,100, Axes Silicon Valley Research

    walterbyrd writes with news of Microsoft layoffs. Microsoft Corp will close its Silicon Valley research-and-development operation as part of 2,100 layoffs announced on Thursday, as it moves toward its new CEO's goal of cutting 18,000 staff, or about 14 percent of its workforce. News of the closure of the Microsoft Research lab at the company's campus in Mountain View, California, was first made public on Twitter by employees. The company later confirmed the move and said it would involve the loss of 50 jobs.

    101 comments | yesterday

  • Dremel Releases 3D Printer

    Lucas123 writes Power tool maker Dremel today announced it's now selling a desktop 3D printer that it said is targeted at "the masses" with a $1,000 price tag and intuitive software. Dremel's 3D Idea Builder is a fused deposition modeling (FDM) machine that can use only one type of polymer filament, polylactide (PLA) and that comes in 10 colors. The new 3D printer has a 9-in. x 5.9-in. x 5.5-in. build area housed in a self-contained box with a detachable lid and side panels. Dremel's currently selling its machine on Amazon and The Home Depot's website, but it plans brick and mortar store sales this November.

    103 comments | yesterday

  • Oracle CEO Larry Ellison Steps Down

    mrspoonsi writes Oracle founder Larry Ellison is stepping down as CEO. He will be replaced by two executives. Former Oracle presidents Safra Catz and Mark Hurd will be co-CEOs. Ellison will be the Executive Chairman of Oracle's Board, and the company's CTO. Oracle's shares are off by 3% on the news. "Larry has made it very clear that he wants to keep working full time and focus his energy on product engineering, technology development and strategy," said the Oracle Board's Presiding Director, Dr. Michael Boskin.

    138 comments | yesterday

  • Apple Will No Longer Unlock Most iPhones, iPads For Police

    SternisheFan writes with this selection from a story at the Washington Post: Apple said Wednesday night that it is making it impossible for the company to turn over data from most iPhones or iPads to police — even when they have a search warrant — taking a hard new line as tech companies attempt to blunt allegations that they have too readily participated in government efforts to collect user data. The move, announced with the publication of a new privacy policy tied to the release of Apple's latest mobile operating system, iOS 8, amounts to an engineering solution to a legal dilemma: Rather than comply with binding court orders, Apple has reworked its latest encryption in a way that makes it almost impossible for the company – or anyone else but the device's owner – to gain access to the vast troves of user data typically stored on smartphones or tablet computers. The key is the encryption that Apple mobile devices automatically put in place when a user selects a passcode, making it difficult for anyone who lacks that passcode to access the information within, including photos, e-mails, recordings or other documents. Apple once kept possession of encryption keys that unlocked devices for legally binding police requests, but will no longer do so for iOS8, it said in a new guide for law enforcement. "Unlike our competitors, Apple cannot bypass your passcode and therefore cannot access this data," Apple said on its Web site. "So it's not technically feasible for us to respond to government warrants for the extraction of this data from devices in their possession running iOS 8."

    491 comments | yesterday

  • FCC Chairman: Americans Shouldn't Subsidize Internet Service Under 10Mbps

    An anonymous reader writes On Wednesday at a hearing in front of the US House Committee on Small Business, FCC Chairman Tom Wheeler stated that for ISPs to be eligible for government broadband subsidies, they would have to deliver speeds of at least 10 Mbps. Said Wheeler: "What we are saying is we can't make the mistake of spending the people's money, which is what Universal Service is, to continue to subsidize something that's subpar." He further indicated that he would remedy the situation by the end of 2014. The broadband subsidies are collected through bill surcharges paid for by phone customers.

    318 comments | 2 days ago

  • Apple Locks iPhone 6/6+ NFC To Apple Pay Only

    Ronin Developer writes From the Cnet article: "At last week's Apple event, the company announced Apple Pay — a new mobile payments service that utilizes NFC technology in conjunction with its Touch ID fingerprint scanner for secure payments that can be made from the iPhone 6, iPhone 6 Plus or Apple Watch. Apple also announced a number of retailers that would accept Apple Pay for mobile payments at launch. However, Cult of Mac reports that NFC will be locked to the Apple Pay platform, meaning the technology will not be available for other uses. An Apple spokesperson confirmed the lock down of the technology, saying developers would be restricted from utilizing its NFC chip functionality for at least a year. Apple declined to comment on whether NFC capability would remain off limits beyond that period." So, it would appear, for at least a year, that Apple doesn't want competing mobile payment options to be available on the newly released iPhone 6 and 6+. While it's understandable that they want to promote their payment scheme and achieve a critical mass for Apple Pay, it's a strategy that may very well backfire as other other mobile payment vendors gain strength on competing platforms.

    320 comments | 2 days ago

  • Use of Forced Labor "Systemic" In Malaysian IT Manufacturing

    itwbennett (1594911) writes "The use of forced labor is so prevalent in the Malaysian electronics manufacturing industry that there is hardly a major brand name that isn't touched by the illegal practice, according to a report funded by the U.S. Department of Labor and undertaken by Verité, a nonprofit organization focused on labor issues. The two-year study surveyed more than 500 migrant workers at around 200 companies in Malaysia's IT manufacturing sector and found one in three were working under conditions of forced labor."

    182 comments | 2 days ago

  • How Flickr Is Courting the Next Generation of Photographers

    First time accepted submitter Molly McHugh writes Flickr Vice President Bernardo Hernandez explains how the beloved photo platform is targeting a new generation that's addicted to smartphones. “10 or 15 years ago it was expensive and complicated to explore the world of photography,” Hernandez said. "Very few people could afford that—[it is] no surprise the best photographers 20 years ago were older people. We believe all of that is changing with the mobile [photography] revolution."

    97 comments | 2 days ago

  • Torvalds: No Opinion On Systemd

    An anonymous reader writes:Linux creator Linus Torvalds is well-known for his strong opinions on many technical things. But when it comes to systemd, the init system that has caused a fair degree of angst in the Linux world, Torvalds is neutral. "When it comes to systemd, you may expect me to have lots of colorful opinions, and I just don't," Torvalds says. "I don't personally mind systemd, and in fact my main desktop and laptop both run it." Torvalds added, "I think many of the 'original ideals' of UNIX are these days more of a mindset issue than necessarily reflecting reality of the situation. There's still value in understanding the traditional UNIX "do one thing and do it well" model where many workflows can be done as a pipeline of simple tools each adding their own value, but let's face it, it's not how complex systems really work, and it's not how major applications have been working or been designed for a long time. It's a useful simplification, and it's still true at some level, but I think it's also clear that it doesn't really describe most of reality."

    360 comments | 2 days ago

  • Scotland's Independence Vote Could Shake Up Industry

    dcblogs writes: Scotland is not a major high-tech employment center, but it has good universities and entrepreneurial energy. About 70,000 people work in tech out of a total workforce of about 2.5 million, or about 3%. By contrast, financial services accounts for about 15% of employment in Scotland. But passions are high. "Honest, I've never been so scared in my life," said Euan Mackenzie about the prospect of separating from the U.K. He runs a 16-employee start-up, 1partCarbon, in Edinburgh, a platform that builds medical systems. "For tech start-ups, funding will be tougher to find and more expensive, there will be no local banks, access to EU markets and the freedom of movement will be curtailed," said Mackenzie. "As someone who enjoys risk and new opportunities, my company will remain in Scotland and make the best of whichever side prevails on Thursday, but the effect of independence on tech start-ups and the whole Scottish economy will be cataclysmic," he said.

    488 comments | 2 days ago

  • Digia Spins Off Qt As Subsidiary

    DeviceGuru writes: Following through on an announcement from August, Digia has spun off a subsidiary called The Qt Company to unify Qt's commercial and open source efforts, and debuted a low-cost plan for mobile developers. The Linux-oriented Qt cross-platform development framework has had a tumultuous career, having been passed around Scandinavia over the years from Trolltech to Nokia and then from Nokia to Digia. Yet, Qt keeps rolling along in both commercial and open source community versions, continually adding support for new platforms and technologies, and gaining extensive support from mobile developers. Now Qt is its own company, or at least a wholly owned subsidiary under Digia. Finland-based Digia has largely been involved with the commercial versions of Qt since it acquired the platform from Nokia in 2012, but it has also sponsored the community Qt Project as a relatively separate project. Now, both efforts are being unified under one roof at The Qt Company and the new QT.io website, says Digia. Meanwhile, Digia will focus on its larger enterprise software business.

    33 comments | 3 days ago

  • New Global Plan Would Crack Down On Corporate Tax Avoidance

    HughPickens.com writes: Reuters reports that plans for a major rewriting of international tax rules have been unveiled by the Organisation for Economic Co-operation and Development (OECD) that could eliminate structures that have allowed companies like Google and Amazon to shave billions of dollars off their tax bills. For more than 50 years, the OECD's work on international taxation has been focused on ensuring companies are not taxed twice on the same profits (and thereby hampering trade and limit global growth). But companies have been using such treaties to ensure profits are not taxed anywhere. A Reuters investigation last year found that three quarters of the 50 biggest U.S. technology companies channeled revenues from European sales into low tax jurisdictions like Ireland and Switzerland, rather than reporting them nationally.

    For example, search giant Google takes advantage of tax treaties to channel more than $8 billion in untaxed profits out of Europe and Asia each year and into a subsidiary that is tax resident in Bermuda, which has no income tax. "We are putting an end to double non-taxation," says OECD head of tax Pascal Saint-Amans.For the recommendations to actually become binding, countries will have to encode them in their domestic laws or amend their bilateral tax treaties. Even if they do pass, these changes are likely 5-10 years away from going into effect.
    Speaking of international corporate business: U.K. mainframe company Micro Focus announced it will buy Attachmate, which includes Novell and SUSE.

    321 comments | 3 days ago

  • Tim Cook Says Apple Can't Read Users' Emails, That iCloud Wasn't Hacked

    Apple CEO Tim Cook insists that Apple doesn't read -- in fact, says Cook, cannot read -- user's emails, and that the company's iCloud service wasn't hacked. ZDNet presents highlights from Cook's lengthy, two-part interview with Charlie Rose. One selection of particular interest: Apple previously said that even it can't access iMessage and FaceTime communications, stating that such messages and calls are not held in an "identifiable form." [Cook] claimed if the government "laid a subpoena," then Apple "can't provide it." He said, bluntly: "We don't have a key... the door is closed." He reiterated previous comments, whereby Apple has said it is not in the business of collecting people's data. He said: "When we design a new service, we try not to collect data. We're not reading your email." Cook went on to talk about PRISM in more detail, following the lead from every other technology company implicated by those now-infamous PowerPoint slides.

    191 comments | 3 days ago

  • WSJ Reports Boeing To Beat SpaceX For Manned Taxi To ISS

    PvtVoid writes The Wall Street Journal reports (paywalled) that NASA is poised to award a key contract for manned transport to the International Space Station to Boeing over rival SpaceX: "Recent signals from the Obama administration, according to the officials, indicate that the National Aeronautics and Space Administration's leadership has concluded on a preliminary basis that Boeing's proposed capsule offers the least risky option, as well as the one most likely to be ready to transport U.S. crews to the international space station within three years. The officials cautioned that a last-minute shift by NASA chief Charles Bolden, who must vet the decision, could change the result of the closely watched competition." Here is a non-paywalled link to an article at CNET.

    198 comments | 3 days ago

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