Archive for April, 2011

Apple To Fix Tracking Issue With Software

April 28th, 2011

Apple (AAPL) denied Wednesday that iPhones store a record of their users’ movements for up to a year and blamed privacy concerns partly on a misunderstanding.

A data file publicized by security researchers last week doesn’t store users’ locations, but a list of Wi-Fi hot spots and cell towers in their general area, the company said. It promised software fixes to address concerns over that file.

The data, downloaded from Apple, help the phone figure out its location without having to listen for faint signals from GPS satellites. So navigation apps can present the phone’s location faster and more accurately, Apple said.

Apple said the data are stored for up to a year because of a software error. It said seven days is fine, and that a software update in the next few weeks will limit the amount of data in that file.

“Users are confused, partly because creators of this new technology have not provided enough education about these issues to date,” Apple said in its statement.

Wednesday’s statement was Apple’s first comprehensive response to the issue.

Sen. Al Franken, D-Minn., chairman of the Senate Judiciary subcommittee on privacy, technology and the law, said he still has questions about why Apple didn’t tell users what it was doing.

“This has raised larger questions of how the locations of mobile devices are tracked and shared.

Source:http://www.investors.com/NewsAndAnalysis/Article/570334/201104271759/Apple-To-Fix-Tracking-Issue-With-Software.htm

Technology M&As may cost speculators more than $1 bn

April 28th, 2011

Lawson Software’s agreement to sell itself for about $1.9 billion wiped out $175 million for investors who had speculated a higher offer was on the way.

Lawson, which counts billionaire Carl Icahn as one of its biggest shareholders, agreed to be acquired by Golden Gate Capital and Infor for $11.25 a share on Tuesday, 10% below the nine-year high reached this month after the parties had disclosed they were in talks, according to data compiled by Bloomberg.

While Lawson said it searched for better offers and found none, bets on a superior bid had left the stock trading at $12.13 the day before the deal was announced. With companies from Tenet Healthcare to Cephalon and NYSE Euronext trading a combined $947 million above their takeover prices after the pace of worldwide deals climbed 22% this year, some speculators projecting sweetened bids may be disappointed.

Equinox Minerals already lost C$229 million ($241 million) in value after investors incorrectly bet that China’s Minmetals Resources would counter Barrick Gold Corp’s $7.6 billion takeover. “It’s a dangerous game,” said Peter Lobravico, New Yorkbased vice president of merger arbitrage trading and sales at Wall Street Access.

“You’re not always going to get another bidder to step in. It is healthy for the arb community to have some reminder that there is risk in risk arbitrage.” Terry Blake, a spokesman for St. Paul, Minnesota-based Lawson, declined to comment.

Private-equity firm Golden Gate and Alpharetta, Georgiabased Infor, which makes software used by manufacturers and distributors, are paying almost $1.9 billion, excluding net cash, to acquire Lawson’s healthcare software, data compiled by Bloomberg show. Lawson’s stock was driven higher in the last month by speculation Oracle may be interested in a takeover after Lawson disclosed March 11 that it was in talks with San Francisco-based Golden Gate and Infor about an unsolicited $11.25-a-share proposal.

Oracle not bidding may signal the second-largest seller of business applications software is exploring a bigger deal, said Richard Williams, an analyst at Cross Research.

Source:http://economictimes.indiatimes.com/news/international-business/technology-mas-may-cost-speculators-more-than-1-bn/articleshow/8104572.cms

New software to provide forms on-line

April 28th, 2011

With the district administration offering on-line services, residents will soon be able to download and submit application forms for obtaining nationality, domicile, income, birth and death, and solvency certificates.

A trial run of the software and other applications will begin in 13 talukas in the district on Thursday.

District collector Vikas Deshmukh said, “In the first phase, the trial run will be initiated in Haveli and Mulshi talukas. The facility will be extended to the remaining 11 talukas
at a later stage.”

“Citizens will be able to download application forms for as many as nine certificates. After installation of an advanced software, citizens will be able to submit the necessary documents in an on-line format as well,” Deshmukh said.

Nearly 50 citizen service centres or Maha e-seva kendras are being set up in the city. Once the forms are downloaded, citizens will have to produce the required documents at the time of submitting the forms. Deshmukh said the entire project is being initiated in association with a private company appointed by the government to provide all the technical assistance. It will take some time for the system to become functional fully. Meanwhile, the collector on Wednesday, visited various departments at the collectorate. “The layout of the offices should be visitor-friendly. I have suggested some changes in the existing layouts.”

Source:http://timesofindia.indiatimes.com/city/pune/New-software-to-provide-forms-on-line/articleshow/8104708.cms

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