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8:25 PM ET, September 29, 2008

Techmeme

 Top Items: 
Eric Savitz / Tech Trader Daily:
Apple Falls Sharply; RBC, Morgan Stanley Cut Ratings  —  Apple (AAPL) shares are down sharply Monday morning after analysts at RBC Capital and Morgan Stanley cut their ratings on the stock.  — RBC Capital's Mike Abramsky cut his rating on the stock to Sector Perform from Outperform …
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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 10:10 a.m ET the stock had dropped 16%, wiping out more than $18 billion …
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.
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:
Nick / Rough Type:
Shooting at clouds  —  Free software activist Richard Stallman …
Discussion: eWeek and WebGuild
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.
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.
RELATED:
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) …
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.
Marshall Kirkpatrick / ReadWriteWeb:
AP: The Modern Newsroom Looks Like a Little RSS Reader  —  The 20th century news and stock ticker used to be one of the most archetypal images of newsrooms all around the world.  It was timely and exciting, if a bit impersonal, for editors to watch the wires for breaking news …
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ap.org:
More than 500 newspapers sign up for AP Member Marketplace
Discussion: paidContent.org
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 …
RELATED:
Ina Fried / Beyond Binary:
Tech stocks hammered as bailout fails in House
Discussion: Data Center Knowledge
XOHM™ WiMAX:
XOHM WIMAX BROADBAND SERVICE DEBUTS IN BALTIMORE  — New 4G wireless era dawns as unique business model revolutionizes mobile Internet access  — Service-plan innovation includes $50 “Pick 2 for Life” offer without usage limitations  —  A next-generation 4G wireless network based …
RELATED:
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:
Brad Burnham / Union Square Ventures:
Why The Flow Of Innovation Has Reversed  —  I had a beer recently with Dave McClure of 500 Hats.  As is always the case when I get together with Dave, we had a long, rambling and enjoyable conversation about how the Web is changing the way businesses get built.  —  At some point, I said that the vector of innovation has changed.
Discussion: Startup Chatter
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.
Discussion: Brier Dudley's blog and Valleywag
Google Mac Blog:
Introducing Top Draw  —  Top Draw is an image generation program just launched in the Google Mac Playground.  By using simple text scripts, based on JavaScript, Top Draw can create surprisingly complex and interesting images.  Even cooler is that the program has built-in support for installing any image of yours as your desktop image.
Discussion: Cult of Mac, MacUser and Lifehacker
Ryan Paul / Ars Technica:
Classmate PC gets a boost with million-unit Venezuelan order  —  The government of Venezuela has announced plans to order more than one million Classmate PC laptops from Portugal as part of a broad economic agreement between the two countries.  The government of Venezuela aims …
Sam Oliver / AppleInsider:
Apple updates App Store to address developer misuse  —  Apple over the weekend instated a series of changes to the way its App Store operates in an effort to knock out loopholes that were being exploited by some developers seeking an unfair advantage.  —  Reviews
Saul Hansell / Bits:
British Telecom Wants to Watch  —  While Internet providers in the United States have backed off, for now, from the idea they may be able to make money by selling information on where their customers surf on the Internet, British Telecom is still moving forward with the idea.
Discussion: Search Engine Land
Charlie Sorrel / Gadget Lab:
LG Teaser Shows 3G Netbook: The Momo  —  LG is planning the release of a new netbook with 3G internet inside.  The X110 Momo is listed on LG's site as “coming soon”, and includes the standard netbook features: 1.6GHz Atom processor, 1.3MP webcam, a 10" screen, optional Bluetooth, an SD card reader and Windows XP Home Basic.
Jessica Guynn / L.A. Times Tech Blog:
Facebook hires general counsel as it continues to grow  —  Young upstart Facebook is growing up at Internet speed.  —  The latest sign: Its freshly installed management team has hired a legal gun with a loaded resume that includes serving as a White House lawyer who helped coordinate …
Kris Pigna / PC Magazine:
New ‘Grand Theft Auto’ Makes Cocaine Sales a Game  —  Earlier this week, news broke that Grand Theft Auto: Chinatown Wars — the forthcoming DS rendition of Rockstar's immensely popular crime series — would feature a drug-selling mini-game, where players could earn money peddling six different kinds of narcotics around town.
Robert Vamosi / Defense in Depth:
How ‘carders’ trade your stolen personal info  —  Debit cards and PINs are hot subjects on the criminal underground forums these days, Tom Rusin said on a recent visit to CNET.  Rusin is president of North American operations at Affinion Group, a company that monitors the criminal underground …
In-Soo Nam / CNN:
Verizon, KT, 4 Others Complete Rollout Of Trans-Pacific Cable  —  SEOUL -(Dow Jones)- Six of the world's biggest telecommunications companies have completed the construction of a high-speed undersea telecommunications cable system across the Pacific, South Korea's KT Corp. (030200.SE) said Monday.
Discussion: CNET News and dailywireless.org
Matthew Taylor / Guardian:
MI6 seeks recruits on Facebook  —  MI6 is using the social networking site Facebook to recruit the next generation of spies.  The Secret Intelligence Service, which has traditionally scoured the country's elite universities for recruits, launched a series of online adverts this month as part …
Philip Elmer-DeWitt / Apple 2.0:
Rumor: An iPhone for Verizon in 2009  —  Chalk this one up to wishful thinking.  —  A leading Apple blog posted a rumor Sunday that the iPhone — which is currently available in the United States only through AT&T Wireless — could be coming to Verizon, perhaps as early as January 2009.
Sandisk:
SANDISK ANNOUNCES WORLD'S LARGEST MOBILE PHONE MEMORY CARD CAPACITY WITH 16GB MICROSDHC AND M2  —  Best Buy Mobile and Verizon Wireless Stores Are First to Carry New 16GB Capacity  —  Milpitas, Calif. September 29, 2008 - SanDisk Corporation (NASDAQ: SNDK), a global leader in flash memory products …
 
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 Techmeme Sponsor Posts: 
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For Bing's Kevin White, red wine and data science are the perfect pairing  —  On paper, red wine and data mining hardly seem an appropriate pair.  One goes with meats, the other with user experiences.
Intel:
Intel Unveils 8-Core Processor Gaming Monster at PAX  —  Intel just announced its first 8 core, 16 thread gaming monster — otherwise known as the Intel® Core™ i7-5960X processor Extreme Edition desktop processor …
VMware:
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 More Items: 
Peter Suciu / VentureBeat:
Q&A with PlayFirst's John Welch on making game consoles obsolete …
Discussion: GoNintendo and Edge Online
Brier Dudley / Brier Dudley's blog:
Nice timing: Microsoft discloses executives raises, bonuses
Ernesto / TorrentFreak:
The Pirate Bay Clashes with Book Publishers
Discussion: Epicenter
Darryl K. Taft / eWeek:
Microsoft, Xerox Invest in Innovation
Chris Williams / The Register:
EU bids to dominate future nebulous buzzword
Discussion: EU Press Room
Stephen Shankland / CNET News:
Analysts: Google Maps wins, rivals ‘stagnate’
Discussion: TechCrunch and WebProNews
Laurie J. Flynn / New York Times:
Chip Maker Rambus Wins Battles, but Faces Bigger War
Discussion: Docu-Drama
 Earlier Items: 
Alex Pham / L.A. Times Tech Blog:
Mattel says it will appeal Scrabulous ruling
Vishesh Kumar / Wall Street Journal:
AT&T Switches Satellite-TV Provider
Don Reisinger / TechCrunch:
YouTube Gets More Competitive With Upload Redesign, Larger File Sizes
Discussion: Podcasting News, CNET News and AppScout
Matthew Hines / eWeek Security Watch:
Malware Attacks Posing as Campaign Videos
Fred Aun / ClickZ:
High Online Video Ad Costs Could Drop
Discussion: HipMojo.com, Epicenter and Lost Remote
 

 
From Mediagazer:

Craig Timberg / Washington Post:
Post names Frederick J. Ryan Jr. as new publisher

Michael Calderone / The Huffington Post:
Bloomberg Politics Hires Slate's Dave Weigel As New Venture Prepares For Launch

The Wire:
ISIL Has Reportedly Beheaded Journalist Steven Sotloff

 
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