Insight: Morgan Stanley cut Facebook estimates just before IPO  —  (Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company.

Samsung Galaxy S III (i9300) pre-orders start at Amazon, yours for $799.99, shipping on May 29  —  If you're in the US and are dying to get your hands on a Samsung Galaxy S III, Amazon has come to your rescue.  However, you do have to shell out quite a large sum for the privilege …

Are You a Human replaces annoying CAPTCHAs with games  —  Websites need to verify that a visitor is a real person and not an automated bot.  But the CAPTCHA test that they came up with — where you have to type in the word that you see in a blurry distorted font image — is extremely annoying and often leads to multiple failures.

Enhancing Windows 8 for multiple monitors … Connecting multiple monitors to a PC is one of the easiest ways to enhance your Windows experience.  Plug in a second monitor and you instantly double your working surface.  I've had a multi-monitor setup for the past 10 years …

Upside Down Apple Logo  —  Sometimes, even the science and studies can be wrong.  Not because of an error, but because you didn't dig deep enough.  —  About a dozen years ago we had some discussions at Apple about the placement of the logo on the back of Apple's laptops.

Amazon Appstore's Test Drive try before you buy feature now available on Android phones  —  When Amazon's Appstore initially appeared on the Android scene last year, one of its most innovative features was a Test Drive virtual machine that let users try out apps for free from their desktop …

Bootstrapped GitHub Raising a Round from Andreessen Horowitz  —  Github is nearing a close on a round of venture funding from Andreessen Horowitz, according to sources familiar with the situation.  —  The popular social network for programmers and code host has famously bootstrapped itself up to this point.

Open Garden Lets You Crowdsource Your Mobile Connectivity  —  What if you couldn't just share your Internet connection with the few WiFi devices tethered to your phone or hotspot, but with pretty much everybody around you?  Open Garden, which is launching at TechCrunch Disrupt today …

Nasdaq Confronts Liability on Traders' Losses in Facebook IPO  —  Nasdaq OMX Group Inc. is facing demands from irate brokers and traders that want the exchange group to make up losses driven by its mishandling of Friday's initial public offering of Facebook Inc.

Google Voice Founder Tackles Conference Calls  —  Uberconference debuts today as a new interface for conference calls — you know, those terrifically annoying occurrences that people in business deal with on a daily basis.  —  What's notable about the product is it comes from Craig Walker …

After Walking Away From Acquisition Talks With Facebook, Ark Opens Its People Search Engine  —  Following a jam-packed beta test and a jaw-dropping $4.2 million seed round, Ark people search is open for sign ups...at least for the next three days.  Ark lets you sift through profiles on Facebook …

Incident Launches The gTar at Disrupt, An iPhone-Powered Electronic Teaching Guitar  —  The gTar by Incident is disruption defined.  It takes the guitar, an instrument with a steep learning curve, and adds a bit of digital wizardry in the form of an embedded iPhone to make learning dramatically easier.

Machinima Gets $35M In Funding, Led By Google  —  After being first reported by AllThingsD, online video creator Machinima confirmed Monday that it has closed a $35 million funding round led by Google, which also included existing investors Redpoint Ventures and MK Capital.

Four types of mobile apps  —  If you are a founder trying to create a new mobile app or an investor trying decide whether an app has enduring value, it is helpful to separate the ways that people use apps into four categories.  —  1. Time wasters: Apps that can be used for short bursts when you are waiting in line, etc.

Supreme Court declines to hear $675,000 file-swapping case  —  Boston student Joel Tenenbaum may be in for a second federal trial.  —  Appeal denied  —  United States Supreme Court  —  The Supreme Court this morning declined (PDF) to hear the appeal of admitted file-swapper Joel Tenenbaum …

Sony releases ‘Music Unlimited’ Spotify competitor as iOS app  —  Looking to rival competitors like Spotify and MOG, Sony today launched its Music Unlimited streaming service as an iOS app.  We told you back in January that it was coming, but today the free app officially hits the App Store …

Panic announces Coda 2, Diet Coda for iPad  —  Web developers, rejoice.  On Monday, Panic announced that, come Thursday, it will unleash Coda 2 for Mac and Diet Coda for iPad.  —  Web developers, rejoice.  On Monday, Panic announced that, come Thursday, it will unleash Coda 2 for Mac and Diet Coda for iPad.

ITC once again sides with Apple, RIM in Kodak patent spat  —  The U.S. International Trade Commission today once again said Apple and Research In Motion are not infringing on a patent held by Eastman Kodak.  —  ITC administrative law judge Thomas Pender today posted his initial determination …