Archive for October, 2010

Citibank Testing New Credit Card Technology To Replace Magnetic Strip

Amit Chowdhry | October 23, 2010 | 2,415 views | 1 Comment
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Citigroup Inc. (NYSE:C) is testing a new credit card technology that has two buttons and tiny lights. The new credit cards would allow the consumer to decide whether to pay with reward points or credit.

Wikileaks Gets Hacked Prior To Military Document Leak

Amit Chowdhry | October 23, 2010 | 1,124 views | Add a Comment
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Wikileaks is a website where confidential military documents have been leaked. There has been almost 400,000 Iraq War documents leaked on Wikileaks thus far. As Wikileaks was preparing to announce another major leak about the Iraq war, they wrote on their Twitter feed, “communications infrastructure is currently under attack.” They followed up with “Project BO move to coms channel S. Activate Reston5.” (Whatever that means).

Starbucks CIO Stephen Gillett Said Laptop Usage Is Flat, Making It A Risky Problem For Microsoft

Amit Chowdhry | October 23, 2010 | 2,197 views | Add a Comment
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Tech blogger Robert Scoble did an interview with Starbucks CIO Stephen Gillett. Gillett showed Scoble a demo of the Starbucks Digital Network that I wrote about earlier this month. The Starbucks Digital Network will be displayed to the 30 million people a month that connect to free WiFi at Starbucks. What Gillett revealed was very interesting.

Google Street View Cars Grabbed E-Mail and Passwords

Amit Chowdhry | October 22, 2010 | 9,461 views | 1 Comment
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Google Inc. (NASDAQ:GOOG) said that their Street View cars had accidentally collected personal data. Google is changing their privacy practices as a result and they want to delete their data as soon as possible.

ABC, CBS, and NBC Not Allowing TV Shows To Appear On Google TV

Amit Chowdhry | October 22, 2010 | 918 views | Add a Comment
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ABC, CBS, and NBC stated that they are not going to allow full length episodes of their shows on Google TV. However they will allow promotional clips when browsing with Google TV. Google TV lets you access the web browser and YouTube from your TV screen.

Mozilla Director Mike Beltzner Not Happy About Mac App Store

Amit Chowdhry | October 22, 2010 | 723 views | Add a Comment
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Mozilla Director of Firefox Development Mike Beltzner was not happy about the announcement of the Mac App Store at the Back to the Mac event. “It’s obvious already from today’s keynote that they’re looking to bypass the web.” Mozilla announced an open web app store the day before Apple announced a new Mac App Store.

Amazon.com Announces Revenues Increased To $7.56 Billion

Amit Chowdhry | October 22, 2010 | 562 views | Add a Comment
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Amazon.com, Inc. (NASDAQ:AMZN) has announced their financial results during the third quarter ending September 30. Operating cash flow grew 16% to $2.62 billion. About a year ago, Amazon.com pulled in about $2.25 billion. “Every year for the last 15 years we’ve worked to improve the things customers care about, and this year is no exception,” stated Amazon.com founder and CEO Jeff Bezos. “This holiday season we’ll have the best prices, the biggest selection, the highest in-stock, and the fastest delivery in our history.” Net sales have also increased 39% to $7.56 billion in the third quarter. Last year Amazon made $5.45 billion in third quarter 2009. [Barron's Blog]

Hulu Considering Dropping Hulu Plus Price To $4.95

Amit Chowdhry | October 21, 2010 | 914 views | Add a Comment
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Hulu is considering bringing down the cost of Hulu Plus to $4.95 from $9.95. Hulu Plus is a subscription service that started being tested in June. Hulu Plus is Hulu’s second revenue stream after advertisements.

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