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2:15 PM ET, May 22, 2007

Techmeme

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Liz Gannes / NewTeeVee:
CBS Does Indeed Scoop Up Wallstrip  —  Wallstrip, an online video show that takes a whimsical approach to financial news, has been bought by CBS Interactive for a price in the single-digit millions, with a multi-year commitment to continue the show and add additional financially oriented web series.
Fred / A VC:
Wallstrip Goes Through The Exit Door  —  CBS announced today that they are purchasing Wallstrip.  —  Here's the story as I see it.  Howard Lindzon is a scrappy investor and sometimes entrepreneur from Phoenix, Arizona.  He got hip to blogging several years ago and started networking around via blogs.
Discussion: HipMojo.com and Trader Mike
Om Malik / GigaOM:
CBS does buy WallStrip  —  Now that's one out of three rumored deals, but it does seem like a good start.  CBS has indeed snapped up WallStrip, the iconic money show for single digit millions, reports Liz Gannes on NewTeeVee.  Wallstrip star Lindsay Campbell, producers Adam Elend and Jeff Marks …
Michael Arrington / TechCrunch:
Silicon Valley Could Use A Downturn Right About Now  —  Silicon Valley is paradise for geeks, and people flock here from all over the world to be part of something very special.  When I speak at events here one thing I often do is ask people in the audience to raise their hand if they live in Silicon Valley.
RELATED:
Kara Swisher / BoomTown:   Message to Michael: Just Say, Well, No.
Stan Schroeder / franticindustries:
The importance of an outsider's perspective
Discussion: Online Media Cultist
Duncan Riley / TechCrunch:
Legless Chihuahuas Prove Google Hot Trends Not So Hot  —  Google has launched a new addition to its growing lineup of...well everything, Google Hot Trends.  —  Google Trends takes the idea behind Google Zeitgeist to the next level.  Instead of providing weekly details of top Google searches …
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Barry Schwartz / Search Engine Land:
Google Meme: Hot Trends Added To Google Trends  —  Google has launched a meme-like feature to Google Trends.  The Google Trends home page now has a section named "Hot Trends," which shows the hottest queries for the day.  You can also look back historically and see the hottest queries for that day.
BBC:   Google to list top 100 searches
John Markoff / New York Times:
Google Proposes Innovation in Radio Spectrum Auction  —  Google filed a proposal on Monday with the Federal Communications Commission calling on the agency to let companies allocate radio spectrum using the same kind of real-time auction that the search engine company now uses to sell advertisements.
RELATED:
Corey Boles / Associated Press:
Google's novel idea for FCC radio spectrum auction
Discussion: VentureBeat and Search Engine Land
Paul Sloan / Business 2.0:
The man who owns the Internet  —  Kevin Ham is the most powerful dotcom mogul you've never heard of, reports Business 2.0 Magazine.  Here's how the master of Web domains built a $300 million empire.  —  (Business 2.0 Magazine) — Kevin Ham leans forward, sits up tall, closes his eyes, and begins to type — into the air.
Jacqui Cheng / Ars Technica:
Michigan man arrested for using cafe's free WiFi from his car  —  A Michigan man is being prosecuted for using a cafe's free WiFi... from his car.  Sam Peterson was arrested under a Michigan law barring access to anyone else's network without authorization, according to Michigan TV station WOOD.
Discussion: Neowin.net
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Patrick Center / WOOD-TV:
A wireless felony  —  Updated:  —  SPARTA — It's a lunch hour ritual at the Re-Union Street Caf.  Customers regularly log onto the internet using the caf's wireless network to check their e-mail and surf the web while they enjoy the coffee and ambience.  —  Sam Peterson II did the same thing.
Discussion: broadbandreports.com
ZDNet:
Microsoft will not sue over Linux patents  —  Microsoft has said it has no immediate plans to sue after alleging patent infringements by open-source vendors.  —  In an official statement emailed to ZDNet UK, Microsoft confirmed that it would not litigate for now.
Discussion: Download Squad, Inquirer and Slashdot
Sharon Waxman / New York Times:
Top Directors See the Future, and They Say It's in 3-D  —  If some prominent Hollywood directors and an Irish rock band have their way, moviegoers en masse will soon be heading back to the future, wearing newfangled 3-D glasses.  —  Last week the next phase in the theatrical viewing experience took …
Discussion: CinemaTech and digg
Nick Gonzalez / TechCrunch:
Justin.TV Network Launches: More Shows to Come  —  24/7 reality online TV show Justin.tv has has turned into a bit of a mini-phenomenon since launching just two months ago.  Their apartment was raided by the police, and they were later evicted by their landlord.  They were on the Today Show.
Discussion: EMAC
Matt Nauman / Mercury News:
Tesla Motors to sell batteries in $43 million deal with Think  —  SAN CARLOS START-UP EYES RISING MARKET  —  Tesla Motors, the Silicon Valley electric car start-up, intends to announce today that it has created a new division to sell batteries, and that it has taken a $43 million order.
Matthew Barakat / Associated Press:
XM restores radio service  —  XM Satellite Radio restored service Tuesday after a software glitch knocked out the signal from one of its four satellites and disrupted service to many of the company's 8 million subscribers for about a day.  —  The problems began around noon Monday, the company said.
Discussion: Engadget
 
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 More Items: 
Eric Savitz / Tech Trader Daily:
PlanetOut: Searching For Cash
Discussion: HipMojo.com
Dawn Kawamoto / CNET News.com:
Intel, STMicro to form new flash company
Discussion: TechSpot News
Zoli Erdos / Zoli's Blog:
Not All Notebooks Are Created Equal
Discussion: Compiler and Zoho Blogs
CNET News.com:
Crave Talk: Channel 4's 4oD hamstrung by UK ISPs
Discussion: Slashdot
Rich Brown / CNET News.com:
Dell updates its highest-end XPS system
IFPI:
Police dawn raid stops allofmp3.com pirate vouchers scheme
David Berlind / Berlind's Testbed:
Interop '07: First, Sun's datacenter in a trailer. …
Jeremy Dunham / IGN:
Limited Edition for Creed
Discussion: Ars Technica
 Earlier Items: 
BBC:
Spammers plunder Plusnet e-mail
Canada IFP / Press Esc:
US high-speed Internet is slow
Discussion: Napsterization and Tech_Space
Brad Stone / New York Times:
MySpace to Share Data With States on Offenders
Emily Steel / Wall Street Journal:
CNN to Deliver More Local News On Its Web Site
Robert Scoble / Scobleizer:
I've lost control of my comments...
Microsoft:
Microsoft Security Advisory (937696)
BBC:
Success for Everest mobile effort