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Reuters - 57 minutes ago
South Korea's "prophet of doom" blogger acquitted
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SEOUL - A South Korean court acquitted a blogger on Monday of spreading false information, in a case that triggered debate about freedom of speech in cyberspace and critics said was only launched because his economic doom postings angered authorities. Defendant Park Dae-sung, who went by the pseudonym "Minerva" after the Greek goddess of wisdom became a household name last year for his predictions of sharp falls in the won and the local stock market and the collapse of U.S. investment bank Lehman Brothers.
Oracle to buy Sun Micro, enters hardware market
BOSTON - Oracle Corp <ORCL.O> plans to enter the computer hardware market by buying Sun Microsystems Inc <JAVA.O> for more than $7 billion, swooping in after Sun's talks with IBM <IBM.N> fell apart. The announcement on Monday surprised many Oracle watchers, who believed the company can boost profitability at Sun's software businesses but were unsure if it can be as successful with Sun's hardware unit amid stiff competition against IBM, Hewlett-Packard Co <HPQ.N>, Dell Inc <DELL.O> and new entrant Cisco Systems Inc <CSCO.O>.
Eyeing diners, restaurants take to Twitter
LOS ANGELES - Kogi, a duo of Korean BBQ-inspired taco trucks in Los Angeles, has "Tweeted" its way to international stardom and is inspiring restaurateurs seeking new ways to tempt diners during a deep recession. Twitter, a free social networking site, is a vital ingredient in Kogi's success. As Kogi's example shows, the service that started as a way for people to follow the 140-character "tweets" of friends and celebrities is quickly becoming a powerful new way for businesses to talk directly with customers.
Future cellphone to take on music editing
HELSINKI - Design firm Pilotfish unveiled on Monday plans to make an advanced music phone, hoping to tap untested demand for music editing on the go. Pilotfish said its concept -- which will reach the market a few years from now at the earliest -- will enable good quality recording of three separate sound tracks and allow editing of the music by physically twisting and bending the phone.
Pirate Bay's fileshare four get year in jail
STOCKHOLM - Four men behind The Pirate Bay, one of the world's biggest free file-sharing websites, were each sentenced to a year in jail on Friday for breaching copyright, and ordered to pay $3.6 million in compensation. Analysts said the guilty verdict in the closely-watched test case could help music and film companies recoup millions of dollars in lost revenues, though they doubted it would stem the tide of illegal downloading.
Phishers get more wily as cybercrime grows
WASHINGTON - Phishing scams have grown up from the unsophisticated swindles of the past in which fake Nigerian princes e-mailed victims, who would get a big windfall if they just provide their bank account number. Even as authorities try to stamp out that con and other e-mail and online scams, scammers are getting more wily and finding new loopholes to exploit.
U.S. cybersecurity review done, heads to Obama soon
WASHINGTON - President Barack Obama will soon receive the results of a 60-day review of cybersecurity that should weigh in on whether he should name a cybersecurity czar, the White House said on Friday. The review could also make recommendations on how much should be budgeted to prevent potential hacker attacks on critical infrastructure and fight widespread Internet fraud.
Zenergy to develop 'Smart Grid' device for Con Edison
, instantly detects and absorbs spikes in power that, left unmanaged, could damage electrical equipment or trigger power outages, the company said.
Samsung display unit sees robust smartphone growth
SEOUL - Samsung Mobile Display, a mobile display venture of Samsung Electronics <005930.KS>, said on Sunday the global smartphone market was expected to grow to 500 million units in 2012 from 170 million in 2009. Despite slowing economies worldwide and falling sales in the overall mobile phone market, sales of feature-jammed smartphones, such as Apple's <AAPL.O> iPhone and Research In Motion's <RIM.TO> BlackBerry, continue growing.
Sony Ericsson says Android phone to take time
HELSINKI - Sony Ericsson will take some time developing a phone using Google's <GOOG.O> Android operating system, its chief executive said on Friday, but declined to say when such a handset would be available. Most handset vendors are rushing out phones using Android software, hoping to benefit from consumer demand, but Sony Ericsson said it would be some time before its own offering was launched.
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