U.S. ‘Hacker’ Crackdown Sparks Debate Over Computer Fraud Law
In June 2010, Andrew Auernheimer, a well-known Internet security expert, discovered a gaping hole in AT&T’s website that exposed 114,000 email addresses belonging to the wireless giant’s Apple iPad customers. After a colleague downloaded the data, Auernheimer passed the information to a journalist at the wesbite Gawker. The episode was a major embarrassment for AT&T because the list included thousands of high-profile individuals, including New York City Mayor Michael Bloomberg and then-White House chief of staff Rahm Emanuel. AT&T quickly patched the hole. The FBI promptly launched an investigation, and last November, Auernheimer was convicted of two felony counts under the Computer Fraud and Abuse Act (CFAA), a 1980s-era law originally designed to punish and deter intrusions into government and financial industry computer systems. His colleague, Daniel Spitler, pleaded guilty last year. On Monday, Auernheimer, 27, was sentenced to 41 months in prison and ordered to pay $73,000 ...
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Apple Shares Plunge 10% on Slowing Growth, New Product Jitters
For years, Apple consistently beat Wall Street expectations, not only because the company habitually low-balled its financial projections, but also because it was growing at a rate and scale that was virtually unprecedented in the history of corporate America. It appears those days are over. For the third consecutive quarter, Apple, the world’s largest technology company, fell short of analyst estimates, sending the company’s stock down a whopping 10% in after-hours trading, wiping out nearly $50 billion in shareholder value. Although it reported record financial results, Apple’s slowing growth has raised questions about the next phase in the company’s evolution. (MORE: Apple Profit Surges 24% Ahead of Holiday Blowout; CEO Tim Cook Disses Microsoft) One thing is for sure: The numbers associated with Apple’s business are staggering. Apple sold 47.8 million iPhones and 22.9 million iPads during the holiday quarter, but both of those figures were about one million short of analyst ...
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Google and IBM Post Strong Earnings as the Tech Sector Heats Up
Technology titans Google and IBM delivered surprisingly strong earnings results Tuesday, in a positive sign for the tech sector following several quarters of lackluster performance across the industry. Google showed progress addressing one of its key challenges: the steady migration of users to mobile search, which generates less ad revenue for the company than desktop search. Google reported strong revenue growth, in a sign that the overall online advertising market keeps growing, as marketers continue their seemingly inexorable shift away from traditional ad platforms — including print — and toward Internet advertising. Google shares soared 5% after the results were announced. IBM reported record profits, driven by the company’s ongoing, decade-long transition toward software and services, as net income increased by 6%. IBM’s results were propelled by what CEO Ginni Rometty called “higher-value businesses,” including cloud computing and data analytics. Because of IBM’s vast ...
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Windows 8: Will change be good for Microsoft?
Wednesday, October 24, 2012 - 03:43 Kevork Djansezian/Getty Images Apple Senior Vice President of Worldwide product marketing Phil Schiller does a side-by-side comparison of the new iPad versus the leading Android tablet on October 23, 2012 in San Jose, California. It's a big week for tech releases. Yesterday, Apple unveiled its new iPad Mini. And on Friday, Microsoft will realease its new Windows 8 operating system . Centered around a "tiled" interface and touchscreen functionality , Windows 8 will look and feel very different from previous versions. Though, Many industry watchers wonder if change is a good thing for Microsoft. Historically, business users have been a key segment for Microsoft. Yet, the company has not always been able to count on businesses to quickly take up a new system due to the cost of upgrading. Such was the case with Microsoft's Windows XP and its successor Vista . At least one business is already signing on to the new system -- Microsoft itself. CEO Steve Ballmer ...
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Apple unveils the iPad mini
Tuesday, October 23, 2012 - 13:47 Kevork Djansezian/Getty Images The new iPad mini is displayed after its unveiling at an Apple special event at the historic California Theater on October 23, 2012 in San Jose, California. The iPad mini is Apple's smaller 7.9 inch version of the iPad tablet. The big news today was supposed to be about the iPad Mini , but it was almost upstaged by the new, faster iPad 4. The surprise announcement left some techies who bought the iPad 3 six months ago a little upset. But they can take some comfort at least the iPad 4 looks the same, said Sarah Rotman Epps , an analyst at Forrester. “So there isn’t that status marker of, ‘Oh, this iPad is thinner than yours or mine,'” Rotman Epps said. And now to the Mini. Roger Kay said while Apple dominates the tablet market, it’s late on the game in getting its mini-tablet out. “Apple is coming out with a product that I think is as being defensive,” Kay said. “There are other competitors Samsung with its Galaxy ...
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