Marissa Mayer Hires Ken Goldman As The Company’s Chief Financial Officer

Trying to keep its struggling business together, Yahoo! Inc made an announcement of appointing Ken Goldman as the company’s new Chief Financial Officer. Marissa Mayer hired Goldman to replace Tim Morse, who joined the firm in 2009. Morse will depart from the company later this fall. However, details or reasons regarding his departure remain undisclosed.

Starting in effect October 22, Goldman will take over the responsibility for global finance functions including financial planning and analysis, controllership, tax, treasury, and investor relations.

His appointment with Yahoo! marks the first time he has joined a publicly traded company since the 1990s. According to a statement by Goldman, he said, “Yahoo is an iconic brand with an incredibly strong business model and balance sheet.”

Earlier, Goldman held the post of chief financial officer at Fortinet Inc, which deals in offering computer-network security. Before that, he was the senior vice president of finance and administration and CFO of Siebel Systems, which Oracle acquired in 2006.

Goldman has also been an investor in a number of venture funds.

In a statement, Mayer welcomed Ken to the Sunnyvale, California-based firm and talked of him as being one of the most accomplished and respected financial executives in the technology industry having served as a CFO for more than 25 years.

As Yahoo! works on to enter the next phase of growth, Mayer said Goldman makes an ideal choice for the firm.

Hiring Goldman is the second major hire by Mayer, following the appointment of Kathy Savitt as the firm’s CMO.

Speculations that Mayer plans to cut around 2000 jobs to reorganize the company had hit the headlines in April this year.

The shares of the struggling Internet giant Yahoo! fell 2 percent to $15.68 at a close in New York on Tuesday. Yahoo!’s shares plunged 2.8 percent this year, compared with the Nasdaq Composite Index’s 20 percent gain.… Read the rest

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“The Fight Broke Out Due To Personal Disputes In Dormitory of Foxconn”: Xinhua News Agency

Around 2,000 workers at the employee dormitory of Foxconn Technology went into a brawl, forcing the company to shut down its operations in the northern Chinese city of Taiyuan.

Foxconn deals in assembling electronics for some of the top electronics companies including Apple. Following the fight, around 40 people were admitted to the hospital.

As reported in Xinhua News Agency, the fight broke out due to the personal dispute between workers from the Shandong province and those from the Henan province.

The authorities at the Taiyuan sent around 5,000 police personnel to restore the order. The fight started at 11 p.m. and was brought under control by 3 a.m by the police officials.

The plant stayed closed for investigation on Monday.

Some reports also indicate that the workers were fighting with factory guards, who had beaten one or more workers; however, that is not confirmed as yet. On being asked to comment, Foxconn remained unavailable.

Information regarding the manufacturing of which product at the site is undisclosed. Foxconn Electronics makes Apple iPad and iPhones, along with products for Microsoft and Hewlett-Packard.

Earlier also, Foxconn plant in China was under trouble, following the reports of various worker suicides in Shenzhen in 2010, which made the firm install anti-suicide nets around its building. In May 2011, there was an explosion at the company’s plant in Chengdu, which left three people dead and 16 injured.

Apple had asked the firm to release its own suicide prevention review. In January 2012, the Cupertino Calif.-based firm took out its own audit of worker conditions across its entire supply chain, including Foxconn plants, finding labor and environmental violations.

Apple also united with the Fair Labor Association, which ran its own independent audits of three Foxconn facilities. This association discovered that over one-half of the employees at Foxconn’s assembly plants went beyond the firm’s 60 hour-per-week work limit.

Foxconn Electronics also got criticism with reports that indicated that the firm was forcing vocational workers to make iPhones to meet demands for Apple’s latest iPhone 5. These claims were however, denied by Foxconn, who said that workers at the plant going through school programs were permitted to leave at any time.… Read the rest

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Sony Turns to Playstation 3 Sales for Profits

After a weak sale of their handhelds, Sony is now depending on their PlayStation 3 game consoles to make money for its game unit in the year to March. The company is worried because they were depending on the sale of handhelds to return the company to profitability.

Sony’s new CEO Kazuo Hirai has said that growing sales in games, digital cameras, smartphones and tablets, along with new businesses such as medical equipment, will help the consumer electronics company return to profit as it draws back from money-losing TVs.

“I think we will be profitable this year,” Andrew House, the executive in charge of Sony’s gaming unit told Reuters in an interview on the sidelines of the Tokyo Game Show on Thursday. “We have a growing installed base, growing connectivity of the PS3.”

He did not comment when asked if his division will be able to enhance on the 29 billion yen ($371 million) operating profit posted in the year ended March 31. The company recently cut its forecast for sales of Vita and PSP handheld consoles from 16 million to 12 million.

The game unit of the electronics maker is maintaining its target of an 80 billion yen operating profit on sales of 1 trillion yen in the year to March 2015. This is the target that will determine the success of the new CEO.

Sony has already slashed its earnings outlook since April after Hirai joined the company. At the same time, the company lowered its first quarter annual operating profit prediction from 180 billion yen to 130 billion yen.… Read the rest

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Wi-Fi Bug in Apple iOS 6 Displeases Users

Apple is again in news, but this time it’s not hullabaloo about its latest iPhone 5, but about some reportedly Wi-Fi bug in the latest software by the firm iOS 6. As Apple customers all over the world upgraded their devices to iOS 6, they got a mixed taste of pleasure with displeasure.

There have been lots of complaints going around on the web, saying that once users launched and installed the latest iOS 6 on their devices, it refused to connect to the Wi-Fi.

There is a long thread of complaints on the discussion board at the Apple site, where users have grumbled about the failed system. Here is the link-

The basic pattern of complaints seems to be simple. Once users install the software on their devices, the Wi-Fi works all right at first, but then eventually it gets disabled. Users tried to get it connected again, but then remained unsuccessful and got redirected to a login/404 page on the Apple website.

Following the complaints, Apple seems to have fixed the bug now. But were you among those who upgraded their software to iOS 6? How was your experience? Share it with us…… Read the rest

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What a Cool Boss! Marissa Mayer Giving iPhone5 and Nokia Lumia 920 to All Yahoo! Employees

Showing how much creating a cool professional environment is important to her, Marissa Mayer, CEO, Yahoo!, along with free lunch and an office makeover has now announced giving each and every employee a choice of picking up either an iPhone 5, or Android smartphone including Samsung Galaxy S3, HTC One X, HTC EVO 4G LTE or Windows Phone 8- a Nokia Lumia 920.

As a part of the ‘Yahoo! Smart Phones, Smart Fun!’ program, Mayer clearly is hitting at making Yahoo! the most enjoyable place to work.

Don’t we all wish we were at Yahoo!.

Making her staff happy and giving them a morale boost, Mayer initiated this program only for employees based in the US. Not only making these latest handsets up for grabs, Mayer also said that their bills would be footed by Yahoo!. With this plan, Mayer wants her employees to better focus on the company’s efforts on mobile sector.

The memo sent by the company reads:

“We have a very exciting update to share with you today — we are announcing  Yahoo! Smart Phones, Smart Fun! As of today, Yahoo is moving off of blackberries as our corporate phones and on to smartphones in 22 countries. A few weeks ago, we said that we would look into smartphone penetration rates globally and take those rates into account when deciding on corporate phones. Ideally, we’d like our employees to have devices similar to our users, so we can think and work as the majority of our users do.

Moving forward, we’ll offer you a choice of devices as well as provide monthly plans for the data and phone.

The smartphone choices that we are including in the program are:

* Apple iPhone 5
* Android:
– Samsung Galaxy S3
– HTC One X
* Windows Phone 8:
– Nokia Lumia 920

We’re getting started right away and taking orders starting now”

Well, with the recent hype, it seems majority of employees are going to grab iPhone 5, but then the Galaxy S III is not less, and there are Android fans too, and then Windows Phone 8 has also raised curiosity. It’s all a matter of open choices, the lucky employees can grab any smartphone they like!… Read the rest

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Twitter’s Jack Dorsey Confesses Hacking a Firm’s Email Server for Job

Jack Dorsey, founder of Twitter had a confession to make on the stage at the Techonomy Detroit. Dorsey surprised everyone when he revealed hacking into the email system of the world’s largest dispatch company to get a job.

The 35-year old entrepreneur said, “I was in college, and I really wanted to go into the dispatch industry.”

Dorsey said he grew up loving cities and loving maps, which converted into a fascination with dispatch software. He also said that some of his open source software for taxi companies is still in use.

As he found no contact information on the website of a dispatch company in New York, where he wanted to get a job, he said he hacked into it.

“So I found a hole in their web server and found their corporate emails. I emailed their chairman, told him there was a security hole, and said here’s how to fix it,” he said.

The next week Dorsey was on an airplane and guess what? He got the job.

Dorsey also talked about his fascination with New York. In fact, he even ports a not-so-secret dream to be the mayor of New York!… Read the rest

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An Anonymous Hacker Group’s Claim: “GoDaddy’s Service Outage Was Our Doing”, one of the largest web hosting service providers in the world, experienced an outage in services for nearly six hours on Monday, affecting a section of its over 10 million customers. Its customers experienced frequent outages, which the hosting company claims was caused by an internal network error. Even as hacker group Anonymous claimed that this disruption in GoDaddy’s services was its doing, the company’s spokesperson maintained that this was only due to a technical glitch, and was not due to a hacking attack.

A supporter of Anonymous had claimed via Twitter that he was responsible for GoDaddy’s services being affected, as a result of a distributed denial of service (DDoS) attack. This hacker even posted the supposed source code of a website called Pastebin, from GoDaddy. However, this was proven to be incorrect as that code was identified as having appeared on an online software forum sometime back.

This, security experts say, is not the first time the hacker group has falsely tried to claim credit for cyber attacks. Just last week, a related group released a file which, according to them, contained a million ID numbers of Apple mobile devices that they had hacked from an FBI agent’s system. However, further investigation revealed that this data was actually stolen from a Florida-based company.

GoDaddy, however, insists that the outage experienced by its customers was due to internal network events that ended up corrupting router data tables. Its own website went down for several hours on Monday, and caused a ripple effect, affecting numerous customers as a result.

Due to the purported technical glitch, affected customers have claimed loss of significant revenue as their sites failed to load and lost customers as a result. Meanwhile, GoDaddy has issued an apology to all its customers for the inconvenience caused and has even stated that it would be reaching out to affected customers to maintain relations despite this unfortunate incident.… Read the rest

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China Mobile Won’t Carry Apple’s iPhone 5

Earlier there were speculations that Apple’s next-gen iPhone or iPhone 5 will be launched with support for China Mobile. China Mobile is the world’s largest mobile carrier. But now there are rumors that it is not likely that China Mobile will support it.

As per a report by The Next Web:

Employees at China Mobile, the world’s largest mobile operator, have indicated that the carrier is unlikely to sell Apple’s upcoming iPhone, Sina Tech reports. The publication spoke to a number of workers at the provincial and city level who said they had heard nothing about Apple’s next-generation iPhone being released on China Mobile.

China Mobile currently serves more than 650 million mobile subscribers. And if rumors are to be true, China Mobile will be the only telco in China, which will officially not carry the iPhone.

It is believed that this decision was taken due to the iPhone’s lack of support for China Mobile’s proprietary TD-SCDMA standard.

As reported by The Next Web, China Mobile and Apple are organizing talks with each other to combine the former’s standard into the latter’s iPhone.

But according to Xi Guohua, chairman, China Mobile, the major hold up so far is the delay in the development of the required chip, which Qualcomm will make.

The iPhone 5 or Next iPhone (name not yet official) is expected to debut on Sept. 12th, which is slated for Apple’s much-awaited event.

iPhone 5 is believed to carry all of the wireless standards supported by iPhone 4S- its predecessor.… Read the rest

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VirusTotal: Google’s Latest Acquisition

Looks like Google is finally waking up to the increasing concern that is security. VirusTotal, a firm that deals with security, happens to be Google’s latest buy in the market, according to a blog announcement.

VirusTotal is a free service that lets users scan their computers for malware without going through the hassle of installing a tool into their system. All a user need to do is to feed in the URL or share the file on the company website and “Scan it” to assess how secure the content is.

Sounds simple, but is a big help to users online, especially as more and more online threats come to light. This acquisition may have cost millions of dollars to Google, but gives them a foot in the door into the field of web security. It also helps that these companies were already partners before the formal acquisition.

Even though Google has acquired the company, it has assured users of its plans to keep VirusTotal’s technology active, and learn security essentials from its employees. Given how Google is continuously providing innovations to serve their customers better, maybe now that security has become their latest forte, we can definitely look forward to major improvements in web security as well.… Read the rest

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Does Microsoft Service Agreement Update Bother You?

In a new service agreement sent by Microsoft to users via e-mail, the company, it seems can now share a user’s data with all of its cloud-based services.

According to this latest update, users now have no choice to decide how their data is used for each service.

This latest change by Microsoft is somewhat same as Google+, which treats all Google services as one.

The agreement is quite easy to read. See and read what Microsoft has upgraded and written here:

So will this change impact user’s privacy rights? Yes, quite possibly.

This revamped service agreement means that Microsoft can now apply data from user’s Outlook or Hotmail, SkyDrive, or Office account and use it in combination with other online service such as the Bing search engine.

It seems that this change can offer a better and improved usage experience to users as it takes the guess-work away from trying to figure out user’s behavior within each individual service.

As per the service agreement, Microsoft states that the change will “provide, protect and improve Microsoft products and services.”

It seems like Microsoft can now share user’s data across services legally. The new updates would go in effect, starting 27th September.… Read the rest

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