The SEC has charged STEC CEO Manouchehr Moshayedi with reaping massive gains from insider trading in connection with a secondary offering of the company's stock in 2009. The government contends he traded in STEC shares "with knowledge of confidential information that a major customer’s demand for one of its most profitable products was turning out to be less than expected." read »
ABOARD THE USS NIMITZ – As a Royal Australian Navy helicopter lands on the deck of the USS Nimitz on Wednesday, two American destroyers, a cruiser and a fuel ship are steaming alongside the aircraft carrier some 100 miles north of Oahu. The ships in the carrier strike group and the 71 aircraft on the deck of the Nimitz, including fighter jets, helicopters and transports, are all running on a 50-50 mix of petroleum and biofuel derived from algae and used cooking oil. In fact, the Aussie Sikorsky Seahawk[...] read »
Pandora users seem to "hate" the latest version of the music service's app for the Apple iPhone, BTIG analyst Richard Greenfield asserted in a blog post this morning. read »
K9 Ventures, a micro-venture capital firm founded by entrepreneur Manu Kumar, has raised $40 million for its second fund. read »
Yesterday, we gave you a glimpse into an early iPad prototype from the early 2000s. Prototype 35, which emerged even before an iPhone was born, looked like today's iPad — except with a lot more heft and notably missing a home button. read »
John Bruno, a key member of a team of Advanced Micro Devices engineers who helped create the Fusion line of chips that nearly got the Intel rival a place inside Apple’s MacBook Air -- and produced the Brazos processor many credit with saving the Sunnyvale, Calif-based processor company--has landed a job at Apple, according to his LinkedIn profile. read »
Yesterday, on the news that Paramount Pictures had filed not one but two trademarks protecting their ownership of games based on the upcoming Brad Pit zomfest World War Z, I called peak zombie. read »
NOTE: This is the second installment of a video interview series called “G+: The Artists’ Hangout.” Many artists have been migrating to the platform because it offers good visual presentation for their work, Hangouts allow for easy group conversations and workshops and many have found it easier to build an audience there. This series will discuss art and Social Media on a platform where they spend most of their time — a Hangout. read »
Great reality check by Neil Hughes at Apple Insider Thursday: while Apple’s smartphones and tablets are assembled in China, Apple relies on a long-list of manufacturers to build the components used in its mobile devices. Many of those companies have manufacturing operations in the United States. And checks by Hughes reveal they're booming. read »