Nate the greatest writes “Intel didn’t mention how much they paid for digital textbook startup Kno when they announced the acquisition last week but inside sources are now saying that the digital textbook startup was picked up for a song. GigaOm reported earlier today that their sources told them that Kno sold effectively for pennies on the dollar: ‘Well placed sources who were in the know told us that the company sold for $15 million with some retention bonuses for the employees. Intel bought the company mostly for its hardware-related intellectual property and the employees. Intel also was one of the largest investors in the company — having pumped in $20 million via its Intel Capital arm.’ Kno had raised $73 million in venture capital since it was founded 4 years ago, and it picked up another $20 million in debt. This deal was nothing less than a fire sale, and that does not bode well for the digital textbook market or other startups in this niche. Inkling, for example, just raised $20 million dollars this summer in order to compete in a market that where one of their competitors failed.” Read more of this story at Slashdot.
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Digital Textbook Startup Kno Was Sold For $15 Million
JoshMST writes “Why are we in the middle of GPU-renaming hell? AMD may be releasing a new 28-nm Hawaii chip in the next few days, but it is still based on the same 28-nm process that the original HD 7970 debuted on nearly two years ago. Quick and easy (relative terms) process node transitions are probably a thing of the past. 20-nm lines applicable to large ASICs are not being opened until mid-2014. ‘AMD and NVIDIA will have to do a lot of work to implement next generation features without breaking transistor budgets. They will have to do more with less, essentially. Either that or we will just have to deal with a much slower introduction of next generation parts.’ It’s amazing how far the graphics industry has come in the past 18 years, but the challenges ahead are greater than ever.” Read more of this story at Slashdot. 
Hyper-Threading has been in Intel’s processors for years. It’s the main difference between the Core i5 and i7, and that many games don’t use it explains why i5s power some serious gaming rigs. If you’ve been considering an upgrade but you’re not sure if you need Hyper Threading, this video from Techquickie will help. Read more… 
MojoKid writes “AMD has just announced a full suite of new GPUs based on its Graphics Core Next (GCN) architecture. The Radeon R5, R7, and R9 families are the new product lines aimed at mainstream, performance, and high-end gaming, respectively. Specs on the new cards are still limited, but we know that the highest-end R9 290X is a six-billion transistor GPU with more than 300GB/s of memory bandwidth and prominent support for 4K gaming. The R5 series will start at $89, with 1GB of RAM. The R7 260X will hit $139 with 2GB of RAM, the R9 270X and 280X appear to replace the current Radeon 7950 and 7970 with price points at $199 and $299, and 2GB/3GB of RAM, and then the R9 290X, at an unannounced price point and 4GB of RAM. AMD is also offering a limited preorder pack, that offers Battlefield 4 license combined with the graphics cards, which should go on sale in the very near future. Finally, AMD is also debuting a new positional and 3D spatial audio engine in conjunction with GenAudio dubbed ‘AstoundSound, ‘ but they’re only making it available on the R9 290X, R9 280X, and the R9 270X.” Read more of this story at Slashdot. 
mask.of.sanity writes “Criminals have stolen millions from three unnamed U.S. banks by launching slow and stealthy denial of service attacks as a distraction before attacking wire payment switches. The switches manage and execute wire transfers and could have coughed up much more cash should the attackers have pressed on. RSA researcher Limor Kessem said, ‘The service portal is down, the bank is losing money and reliability, and the security team is juggling the priorities of what to fix first. That’s when the switch attack – which is very rare because those systems are not easily compromised [and require] high-privilege level in a more advanced persistent threat style case – takes place.'” Read more of this story at Slashdot. 