Tag: portfolio-cond

Hot Topic enters agreement to buy ThinkGeek parent company Geeknet Inc.

Online geek-y retailer ThinkGeek and its parent company Geeknet Inc. are in the process of being acquired by Hot Topic, a popular mall-based retailer best known for selling vampire T-shirts and other faux-goth-pop accoutrements. According to a press release issued this morning , Hot Topic will be picking up all of Geeknet’s outstanding shares of common stock for $17.50 per share, and the company will also be fronting about $37 million in cash. The total value of the transaction will be $122 million. Geeknet CEO Kathryn McCarthy said in the press release that the move would enable Geeknet and ThinkGeek to bring its products to the attention of new consumers, as well as to “expand [its] product offerings to keep up with industry and customer demands.” Geeknet’s shareholders appear to be onboard with the purchase, with the press release noting that a contingent of shareholders holding about 21 percent of the company’s common stock have agreed to go along with the offer. Read 1 remaining paragraphs | Comments

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Hot Topic enters agreement to buy ThinkGeek parent company Geeknet Inc.

Database of 4 million Adult Friend Finder users leaked for all to see

E-mail addresses, sexual orientations, and other sensitive details from almost four million AdultFriendFinder.com subscribers have been leaked onto the Internet following a hack that rooted the casual dating service, security researchers said. The cache includes more than 3.8 million unique e-mail addresses of current and former subscribers, Australian security researcher Troy Hunt reported early Friday morning . The data, which is in the form of 15 Microsoft Excel spreadsheets, was first seeded to anonymous sites hosted on the Tor privacy network. It has since spread to sites on the open Internet. Links to sites hosting the data are easily found on Twitter and other social networking sites, (Ars isn’t publishing the locations). The compromise was first reported by British broadcaster Channel 4. In addition to including e-mail addresses and sexual preferences of users, the data also provided other sensitive information, such as ages, zip codes, and whether the subscriber was seeking an extramarital affair. The trove included information for deleted accounts as well as those still current. Read 3 remaining paragraphs | Comments

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Database of 4 million Adult Friend Finder users leaked for all to see

Google Fiber’s botched software update locks out users, disables Wi-Fi

Many Google Fiber customers have been reporting that a software update turned off their Wi-Fi and prevented them from logging into the Google Network Box’s administration panel. Customers can still get online using Ethernet connections. Customers in Kansas City and Provo, Utah have been affected and took to Twitter  and sites including DownDetector.com  to describe the problem. I’m not eradicating disease with my @googlefiber internet connection, but it would sure be nice for it to work after a 24-hour-long outage. — Sam Hartle (@Sam_Hartle) May 22, 2015 We have had way more outages with @googlefiber than we ever had with @comcast . Google needs to step up its game. — Austin Graff (@AustinLGraff) May 21, 2015 A DSLReports forum member from Kansas City wrote yesterday , “Having an issue today with my network box. It lost my custom IP address scheme and went back to default. Now I can’t access the advanced menu.” A few hours later, the customer had been able to talk to Google Fiber support. “GF Support had to factory reset my network box so I could get in. They acknowledged that a software update this morning caused the issue,” the customer wrote. Read 3 remaining paragraphs | Comments

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Google Fiber’s botched software update locks out users, disables Wi-Fi

Report: iOS 9 will be optimized for older devices, including iPhone 4S

We’re just a few weeks out from WWDC, and new details about Apple’s next-generation operating systems continue to surface. A new report from the well-sourced 9to5Mac details a handful of features, the most interesting of which is a note about support for older devices. We had assumed that Apple would include support for some devices based on its aging A5 SoC—the fifth-gen iPod Touch, original iPad Mini, and third-gen Apple TV are all still being sold, after all—but the report indicates that we can expect an update for out-of-production devices like the iPhone 4S (the iPad 2 isn’t mentioned by name, but the implication is that it will be supported as well). If true, this would be the longest that Apple has ever provided software updates for any one iPhone model. Normally, iOS releases support four iPhone generations at a time, but iOS 9 could include support for everything from 2011’s iPhone 4S to whatever phones Apple introduces in 2015. New iOS updates have a history of running poorly on older devices— iOS 7 was unkind to the iPhone 4 , and iOS 8 wasn’t much better to the iPhone 4S —but Apple is apparently taking steps to avoid that problem this time around. The report says that Apple is taking a different approach to supporting older devices in iOS 9. In the past, Apple reportedly put the full version of the operating system on older devices and then disabled features that performed particularly poorly. For iOS 9, Apple is apparently starting with a barebones version of the operating system and enabling features one at a time. As usual, owners of older devices will miss out on some features, but they’ll still get the underlying improvements, API changes, and security updates that newer phones and tablets get. Read 1 remaining paragraphs | Comments

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Report: iOS 9 will be optimized for older devices, including iPhone 4S

New Windows 10 build smooths tablet experience, makes Edge super fast

A new Windows 10 build is now available for Fast Ring users. Build 10122 should be available to download, but Microsoft is advising that users with AMD video cards pass on it for the time being. That’s because there’s currently a crashing issue in the Edge browser (still named “Project Spartan” in this release). Microsoft is working with AMD to update its drivers to address the issue, but until an update is available, AMD users are advised to switch to the Slow Ring. The new build makes Windows 10 look the way it looked when Microsoft demonstrated it at its Build and Ignite conferences earlier this month. This has two major parts; the Start menu has been reorganized to group Explorer, Settings, Power, and All Apps together, and the Start screen now puts more focus on new, larger tiles, putting the menu-like parts (including the aforementioned grouped icons) together in a hamburger menu. Similarly, Edge now includes the new tab screen shown off at Build. This is strongly reminiscent of iGoogle, including a search bar, popular links, news, and weather. Read 2 remaining paragraphs | Comments

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New Windows 10 build smooths tablet experience, makes Edge super fast

Pandora, fresh off one copyright win, loses its rate case to BMI

Songwriters’ group Broadcast Music Inc. (BMI) has beaten online radio provider Pandora after a two-year legal battle, winning a substantially larger copyright royalty rate of 2.5 percent. That’s a large increase from the 1.75 percent Pandora was paying before. It’s also a stark contrast to Pandora’s win in a similar case against BMI’s rival, the American Society of Composers Authors and Publishers, or ASCAP. It was just last week that a federal appeals court upheld Pandora’s win in that case, finding that the royalty rate should rise to only 1.85 percent. The judge’s opinion in BMI v. Pandora  isn’t yet public, but both sides have put out statements about the results. Read 5 remaining paragraphs | Comments

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Pandora, fresh off one copyright win, loses its rate case to BMI

How the USPS targeted a drug dealer via his IP address

A federal drug case in Massachusetts has shed new light on how the United States Postal Service’s (USPS) law enforcement unit uses something as simple as IP logs on the postal tracking website to investigate crimes. According to a December 2013 affidavit  of an ongoing federal criminal case in Rockland, Massachusetts (20 miles southeast of Boston), one alleged drug dealer named Harold Bates was found out simply by his digital trail left on the USPS’ Track n’ Confirm website. The affidavit was added to the court docket in January 2015, and the case was first reported on by Motherboard . Bates was charged back in March 2014 with conspiracy to import methylone (also known as “molly”), importation of methylone, and possession with intent to distribute methylone, among other crimes. Last month, the judge in the case ruled against Bates in his attempt to supress evidence seized in those packages. Read 24 remaining paragraphs | Comments

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How the USPS targeted a drug dealer via his IP address

Meta analysis finds self-braking cars reduce collisions by 38 percent

While we’re still some way off seeing full-blown, self-driving cars winding their way across continental Europe, a more modest autonomous technology has found approval with safety bods. Research conducted by the European road safety research organisation Euro NCAP concluded that having a car automatically slam on the brakes to avoid low-speed accidents leads to a 38 percent reduction in rear-end crashes. The notable statistic was the result of a meta-analysis of various Autonomous Emergency Braking (AEB) cars, comparing them to cars without the technology in accidents where the car either struck a car in front, or was being struck from behind. Euro NCAP, with support of Australian safety organisation ANCAP, pooled data from five European countries and Australia using a standard analysis format, as well as a prospective meta-analysis approach. In non-AEB cars, the split between striking and being struck was close to 50/50, improving significantly for cars with AEB. However, despite the apparent success of the study, the researchers noted that in order to get the best results out of the technology, widespread adoption was required; slamming on the brakes to avoid an accident requires following traffic to be alert enough to react to the situation and not cause a cascade. They also noted that AEB cars might be more likely to be struck from behind, as an unintended consequence of AEB’s better reaction time, compared to a human driver. Read 4 remaining paragraphs | Comments

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Meta analysis finds self-braking cars reduce collisions by 38 percent

House votes 338-88 to stop bulk phone surveillance

Nearly two years after the US government’s collection of telephone calls became public following the Edward Snowden leaks, the US House of Representatives has passed, by a vote of 338-88, a bill that would end the program. An exact roll call of votes is not yet available, but votes opposing the USA Freedom Act were generally split between Democrats and Republicans, many of whom argue the proposal doesn’t go far enough to protect civil liberties. Policymakers on all sides of the surveillance debate were under pressure to make some kind of move, with relevant portions of the Patriot Act set to expire at the end of this month. The USA Freedom Act ends the bulk phone database but doesn’t include many other wished-for reforms, such as a privacy advocate at the Foreign Intelligence Surveillance Court, which was in an earlier version of the bill. Read 5 remaining paragraphs | Comments

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House votes 338-88 to stop bulk phone surveillance

Why the Verizon-AOL deal just might work: Mobile video ads are worth a lot

For many onlookers, Verizon’s $4.4 billion acquisition of AOL  this week echoed another multibillion dollar deal—AOL’s own $162 billion acquisition of Time Warner  more than 15 years ago. That deal famously collapsed before the end of the decade. But Verizon’s move may differ because of one salient fact: there’s a ton of money in the video advertising being increasingly  watched  on mobile devices. “AOL was in no position to monetize Time Warner Online properties last time around,” Rebecca Lieb , of the Altimeter Group, told Ars. “Time Warner, in essence, bought what was then an ISP. The thinking was ‘this Internet thing is going to be big,’ but beyond that there was little synergy. This time around, an ISP, Verizon, is buying a former ISP. AOL is no longer an Internet service provider or a portal. It’s an advertising technology company.” From that perspective, the deal makes plenty of sense. Money is in no short supply for Verizon, and the deal costs less than  half of the company’s total profits in 2014 . Beyond that, Verizon has been trying to launch a video service for years now. It wants a slice of the mobile video advertising market, and AOL can help with its new “ONE by AOL” ad platform . AOL’s media properties may have been the topic of debate on Twitter, but over three-quarters of the company’s revenue came from advertising in 2014. Read 12 remaining paragraphs | Comments

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Why the Verizon-AOL deal just might work: Mobile video ads are worth a lot