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4:10 AM ET, September 30, 2008

Techmeme

 Top Items: 
Philip Elmer-DeWitt / Apple 2.0:
Why Apple shares took a nosedive  —  Apple shares suffered their sharpest fall in eight years Monday morning on the word of two analysts — including one whose record predicting the company's performance is mixed at best.  —  By 10:30 a.m ET the stock had dropped 16%, wiping out more than $18 billion …
RELATED:
MG Siegler / VentureBeat:
Apple stock plunging, Google stock diving, Yahoo stock melting  —  It appears as if the bad overall economy is nailing some key tech stocks this morning.  Apple, Google and Yahoo are all down significantly right now in early afternoon trading on the stock market.
Om Malik / GigaOM:
Sept 29th: The Day of Unlucky Sevens  —  Does anyone else find it weird that the rejection of the $700 billion bailout plan was a day of unlucky sevens?  The Dow Jones Industrial Average declined 777.7 for the day.  —  I wrote over the weekend a post that rounded up what some of the big technology companies …
Eric Savitz / Tech Trader Daily:
Apple Falls Sharply; RBC, Morgan Stanley Cut Ratings
Ina Fried / Beyond Binary:
Tech stocks hammered as bailout fails in House
Discussion: Tech Trader Daily
Bobbie Johnson / Guardian:
Cloud computing is a trap, warns GNU founder Richard Stallman  —  Web-based programs like Google's Gmail will force people to buy into locked, proprietary systems that will cost more and more over time, according to the free software campaigner  —  The concept of using web-based programs …
RELATED:
Larry Borsato / Industry Standard:
Cloud computing: Trap or treasure?
Discussion: mathewingram.com/work
Business Week:
The 25 Most Influential People on the Web  —  Each year, we turn to readers and BusinessWeek staff for the Best of the Web list, asking them to contribute names for a list of the Internet's movers and shakers.  Take a look at the slide show to see which people have the most impact on the Web these days.
Erick Schonfeld / TechCrunch:
VCs (And Startups) Won't Be Immune To The Credit Crunch  —  So far the downward spiral of credit and financial markets seems to have left venture capital firms and startups relatively unharmed.  Even though the IPO market closed completely in the second quarter (and opened again only slightly in the third) …
RELATED:
Rafe Needleman / CNET News:
How start-ups can survive  —  In 2001, the first dot-com economy collapsed.  New companies couldn't raise funds to continue operating.  Existing companies couldn't go public or get bought.  My employer (Red Herring) folded, as did hundreds of other businesses.
Cecilia Kang / Washington Post:
Sprint Xohm Plans to Limit Bandwidth for Heavy Internet Usage  —  In Sprint Nextel's unveiling of its new Xohm WiMax service in Baltimore, it also revealed rules for using its service that one public interest group warns may prevent users from full and unfettered access to the Web.
Discussion: Technologizer and TECH.BLORGE.com
RELATED:
Dan Frommer / Silicon Alley Insider:
Sprint's WiMax: Comcast Who? We'll Choke BitTorrent If We Want To
DSLreports:
XOHM: P2P May Be Throttled - Consumer groups react badly to new XOHM fine print...
Discussion: Boy Genius Report and Free Press
Kara Swisher / BoomTown:
Yusuf Mehdi Gets a Big New Job at MSN-But Still No Digital Head in Sight  —  Longtime Microsoft exec Yusuf Mehdi (pictured here) is taking over a big part of Microsoft's online services portfolio-including marketing, online audience business development and product management for MSN and the search properties.
Kip Kniskern / LiveSide:
What happened to Hotmail?  —  Last week, after receiving a “tip” from Microsoft's PR firm Waggener Edstrom, we posted on the coming rollout of a new version of Hotmail.  Our readers were quick to try and catch the new version in the wild, checking out different Bay numbers like the junior sneaky geniuses we know you are.
Greg Kumparak / TechCrunch:
Facebook Rolls Out Version 2.0 of their iPhone Application  —  After Facebook released v1.1 of their iPhone application, they promised that a bigger, badder v2.0 was in the works for September.  They cut it pretty close, but they've kept their word.  Just a few hours ago …
John Mahoney / Gizmodo:
Why Android Will Soon Kick Ass  —  When the T-Mobile G1 was shown off in NYC last week, it didn't have the gusto of a Stevenote.  There was no “boom!”—no “one more thing!”  And as a result, many (including us) felt a bit underwhelmed, and were quick to interpret the device's inconsistent GUI …
Discussion: Digg
Dan Goodin / The Register:
Nasty web bug descends on world's most popular sites  —  ING, New York Times bitten hard  —  Underscoring the severity of of an exotic form of website bug, security researchers from Princeton University have cataloged four cross-site request forgeries in some of the world's most popular sites.
Discussion: webmonkey and Jeremiah Grossman
Brier Dudley / Brier Dudley's blog:
Nice timing: Microsoft discloses executives raises, bonuses  —  The big winner this year appears to be Chief Operating Officer Kevin Turner, who received the biggest bonus and salary award.  —  But all the top executives at Microsoft received raises and higher bonuses in fiscal 2008 than in fiscal 2007.
Ashlee Vance / Bits:
I.B.M. Puts iPhone in the Lotus Position  —  Apple's push to make the iPhone a desired device among the world's largest companies should receive a boost this week thanks to I.B.M.  —  At long last, I.B.M. has issued software which will bring the e-mail, calendar and contacts functions handled …
Discussion: CNET News
Paul McNamara / PC World:
Google Has Gone and Redefined ‘Beta’  —  The question of why so many Google products are classified “beta” — and classified thusly for so long — has knocked around the tech press for some time.  However, no one really seemed to know the answer, at least no one outside of Google.
Discussion: TECH.BLORGE.com
Philipp Lenssen / Google Blogoscoped:
An Investigation Into Communication Between NSA and Google  —  A PDF file published at GovernmentAttic.org contains, according to its description, the “NSA [US National Security Agency] administrative processing file for FOIA [Freedom of Information Act] request for records on Google and contracts With Google”.
Office of Attorney General Rob McKenna:
Fright Fight: Washington Attorney General leading battle against scareware with Microsoft  —  New lawsuits announced today under state's improved anti-spyware law  —  SEATTLE - Attorney General Rob McKenna stood at the frontlines with Microsoft Corp. in the war against spyware in 2006.
RELATED:
David Chartier / Ars Technica:
Hands on: Nero's LiquidTV, TiVo for your PC  —  Nero today announced LiquidTV, a combination software and hardware product that brings the entire TiVo experience out of the living room and onto Windows PCs.  Offered as a mix of TiVo software and a handful of unique features …
Rafe Needleman / CNET News:
Whole Travel launches good site at bad time  —  I'm not sure if this is a service I would choose to launch this week: Whole Travel is a new site, launching Tuesday, that's focused on “sustainable” or “green” travel.  Given that most of us are likely to have a lot less green in the coming months, I worry about the concept.
Discussion: TechCrunch
Stephen Ohlemacher / Associated Press:
House Web site overwhelmed as bailout bill fails  —  WASHINGTON - The House Web site was overwhelmed Monday as millions of computer users sought information about the financial bailout bill rejected by the House.  —  “We haven't seen this much demand since the 9-11 commission report” …
GSMArena.com:
LG KC780 makes a go at the thinnest 8-megapixel cameraphone title  —  The LG KC780 8 megapixel cameraphone is now officially confirmed, as we managed to snatch a press photo of the upcoming slider.  We don't have the specs of the KC780, but we know that it's being touted by LG as the slimmest 8 megapixel phone to-date.
Ernesto / TorrentFreak:
The Pirate Bay Clashes with Book Publishers  —  Swedish book publishers have presented a study in which they show how widespread book piracy is in Sweden.  The publishers think that this copyright infringement has a disastrous effect on their income, while The Pirate Bay is surprised …
Discussion: Epicenter and Digg
Elizabeth Woyke / Forbes:
Always On Laptops  —  Road warriors, rejoice!  Constantly connected laptops are finally here.  —  The catch: Users will have to choose between two competing technologies, WiMax and HSPA, in a match-up that could rival Betamax V. VHS.  —  The two technologies are poised to go head to head.
Discussion: Sidecut Reports
 
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All the coding ladies  —  Much has been said about women in technology this week as a result of Barbie once again, letting down the female population (or more appropriately, humankind as a whole) …
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 More Items: 
PC Pro:
Council sells security hole on Ebay
Discussion: Slashdot
Jason Kincaid / TechCrunch:
NIN Edition of Tap Tap Revenge Brings Licensed Content To Apple's App Store
Discussion: Gizmodo
Reuters:
Nokia CTO Bob Iannucci to step down
Discussion: mocoNews.net and Engadget
Michael Arrington / TechCrunch:
Ukrainian Startup MP3Count Springs Up To Sell Music For Pennies
Discussion: SitePoint Blogs
Mark Goldstein / PhotographyBLOG:
Pentax and Samsung Partnership Not Perfect
Dan Fernandez / Channel 9:
Norman Guadagno: Announcing Visual Studio Team System 2010
Discussion: Bink.nu and BetaNews
Darryl K. Taft / eWeek:
Microsoft, Xerox Invest in Innovation
Discussion: Paul Mooney
 Earlier Items: 
Saul Hansell / Bits:
British Telecom Wants to Watch
Discussion: Search Engine Land
Laurie J. Flynn / New York Times:
Chip Maker Rambus Wins Battles, but Faces Bigger War
Discussion: Docu-Drama
Alex Pham / L.A. Times Tech Blog:
Mattel says it will appeal Scrabulous ruling
Marshall Kirkpatrick / ReadWriteWeb:
AP: The Modern Newsroom Looks Like a Little RSS Reader
Robert Vamosi / Defense in Depth:
How ‘carders’ trade your stolen personal info