After Months of Setbacks, Foxconn Strikes Deal to Buy Sharp

Foxconn, the Taiwan-based factory operator best known for assembling Apple’s iPhones, is acquiring two-thirds of Japanese electronics manufacturer Sharp, which supplies phone screens to Apple. The $3.5 billion deal, which follows a slew of public negotiations, rumors and setbacks, could provide Foxconn with leverage to make it a more attractive Apple partner. However, some analysts suggest that the acquisition will hand Foxconn an ailing and costly business. Foxconn is facing rising labor costs in China and a global slowdown in smartphones, while Apple diversifies its supply chain. Continue reading After Months of Setbacks, Foxconn Strikes Deal to Buy Sharp

Sharp May Sell to Foxconn, Rather Than Japanese Consortium

Troubled Japanese LCD manufacturer Sharp is in talks to sell to Taiwanese company Foxconn. According to Foxconn chairman Terry Gou, the two companies have cleared 90 percent of the obstacles to sealing a final deal. If the deal does go through, it will mark significantly new openness of Japanese companies to foreign suitors. Also wooing Sharp is Innovation Network Corp. of Japan (INCJ), a Japanese government-supported consortium that has already acquired the display businesses of Toshiba, Hitachi and Sony. Continue reading Sharp May Sell to Foxconn, Rather Than Japanese Consortium

The Internet of Things Brings Benefits, Risks and Public Policy

Consumer taste, technology development are two of the forces impacting the growth and direction of the Internet of Things. A group of experts focused on policy issues surrounding IoT’s evolution at CES. Moderator Alan Davidson, director of digital economy for the Department of Commerce, reports that, about seven years ago, the number of Internet-connected things surpassed the number of people on the planet. “By 2025, this is an area that will have an economic impact of $4 to $11 trillion on the global economy,” he said. Continue reading The Internet of Things Brings Benefits, Risks and Public Policy

AT&T to Discuss Smart Cities Initiative and Partners at CES

AT&T plans to reveal details regarding its “smart cities” initiative during CES 2016. The company is making a major push to turn traffic lights and other city objects into new tools for reducing expenses while efficiently managing congestion and energy. Telecoms are starting to work with municipalities to leverage data collected from sensors positioned throughout cities to help drivers find parking spaces or clear driving routes, for example. According to AT&T Mobility CEO Glenn Lurie, partners in AT&T’s initiative will be introduced in Las Vegas this week. Continue reading AT&T to Discuss Smart Cities Initiative and Partners at CES

Pandora and Sony/ATV No Longer Opponents in Streaming Wars

Pandora Media and Sony/ATV announced a multiyear licensing deal yesterday that brings the companies together to provide better rates for artists while allowing Pandora to “benefit from greater rate certainty” that could also help “add new flexibility to the company’s product offering over time.” The direct licensing deal arrives as the music industry prepares for potential changes regarding federal regulation of songwriting rights. Sony/ATV is the world’s biggest music publisher with songwriting rights to thousands of artists, including the Beatles and Taylor Swift. Continue reading Pandora and Sony/ATV No Longer Opponents in Streaming Wars

BlackBerry’s First Android Device Retains Security Technology

BlackBerry has finally done something it said it would never do: ditch its own operating system. Expected to ship by the end of November, Priv is based on the Android operating system but also incorporates BlackBerry’s encryption technology, still considered superior by the government and industry entities that have been central to the company’s success. Whereas BlackBerry phones once dominated usage among bank, law and other professional employment, the Canadian company lost market share to Apple and Android smartphones. Continue reading BlackBerry’s First Android Device Retains Security Technology

Governor Brown Vetoes Legislation Restricting Use of Drones

California Governor Jerry Brown has vetoed California Senate Bill 142, proposed legislation that would require drone users to obtain permission to fly their unmanned aerial systems less than 350 feet over private property. “Drone technology certainly raises novel issues that merit careful examination,” wrote Brown. “This bill, however, while well-intentioned, could expose the occasional hobbyist and the FAA-approved commercial user alike to burdensome litigation and new causes of action.” Tech groups opposed the bill and the CEA applauded the Governor’s decision. Continue reading Governor Brown Vetoes Legislation Restricting Use of Drones

FTC Has Authority Over Corporate Hacks, says Appeals Court

The Third U.S. Circuit Court of Appeals ruled that the Federal Trade Commission can advance its lawsuit against Wyndham Worldwide, which the FTC holds partially culpable for theft of online data three times between 2008 and 2010, for a total of over 619,000 credit- and debit-card numbers. Since Congress has yet to pass sweeping legislation on data security, the FTC has stepped in, so far instigating 50 additional data-security cases based on its mandate to act against unfair and deceptive business practices. Continue reading FTC Has Authority Over Corporate Hacks, says Appeals Court

Companies Share Cyberthreat Info on New Facebook Platform

When Facebook launched ThreatExchange in February, the idea was to create a platform where companies could share information on potential cyberattacks, malware and other malicious hazards. Now, the Silicon Valley company says that the number of companies on the platform has reached 90, after 23 joined last week when the application process became easier. Facebook, which isn’t alone in offering a platform for centralized cyberthreats, is continuing its work to integrate these other information-sharing platforms. Continue reading Companies Share Cyberthreat Info on New Facebook Platform

Pew Research: Facebook, Twitter Are Preferred News Sources

While social networks such as Facebook and Twitter prefer to describe themselves as content distribution platforms rather than content publishing platforms, denying any involvement in the editorial reshaping of what users see (despite their editorial ability to remove content from their sites), a recent study conducted by the Pew Research Center reveals that Facebook and Twitter users across multiple demographics in the United States are increasingly turning to the two services to access external news. Continue reading Pew Research: Facebook, Twitter Are Preferred News Sources

Tech Groups Express Their Support for the USA FREEDOM Act

Technology trade groups — including TechNet, the Internet Association, the Information Technology Industry Council, and the Computer and Communications Industry Association — have joined the Reform Government Surveillance group in support of the USA FREEDOM Act. The bill intends to limit federal government bulk surveillance programs in an effort to protect privacy while still addressing national security. The consortium supports more transparency and a change to the collection of bulk data. Continue reading Tech Groups Express Their Support for the USA FREEDOM Act

President Obama Approves Order Against Foreign Cyberattacks

A new executive order signed by President Obama earlier this week aims to warn off foreign online hackers from targeting the United States. The order authorizes severe consequences to the individual or foreign party determined to be involved with any attack that may compromise the security, foreign policy, economic health, and financial stability of the U.S. Any violations of the policy could result in both financial and travel sanctions as regulated by the federal government. Continue reading President Obama Approves Order Against Foreign Cyberattacks

Security: Government Urges Removing Superfish from Laptops

Some Lenovo laptops that have shipped since August include a pre-installed adware program known as Visual Discovery by Superfish. While Superfish is designed to serve ads, it reportedly does so in a dangerous way that leaves users vulnerable to hackers. While Lenovo claims that it has investigated the tech and does “not find any evidence to substantiate security concerns,” Internet security analysts suggest a major problem still exists. The Department of Homeland Security warns that Superfish makes users vulnerable to SSL spoofing. Continue reading Security: Government Urges Removing Superfish from Laptops

President Obama Calls for New Improvements to Cybersecurity

President Barack Obama proposed a series of new regulations that intend to help protect the country from cyberattacks. In the wake of a series of significant hacks last year, Obama is asking Congress to increase prosecution and toughen the penalties of people committing cybercrimes. He also wants companies to be able to share their information about hacks. In other news, President Obama wants to increase broadband competition by ending the laws in 19 states that limit municipal broadband. Continue reading President Obama Calls for New Improvements to Cybersecurity

FCC Chair Hints That Broadband is Likely To Be Reclassified

Speaking at CES, FCC Chairman Tom Wheeler hinted that the agency could reclassify broadband as a public utility (telecommunications service). Those in opposition of such a move, fearing increased federal regulation, include the broadband industry as well as some Republican lawmakers and conservative groups. Wheeler also accused broadcasters of slowing plans for spectrum auctions. While he remains optimistic that auctions would still begin next year, he expressed disappointment “that the broadcasters have slowed things down by filing suit.” Continue reading FCC Chair Hints That Broadband is Likely To Be Reclassified

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