Hard drive maker Western Digital announced this morning that on November 18, 2011, an arbitration award of $525 million was rendered against the company by a sole arbitrator in a pending confidential arbitration action in Minnesota brought on by Seagate. Not included in that amount is prejudgement interest, which will be determined and tacked on at a later date.
Investors who were looking to score an easy buck by grabbing gobs of Rambus stock in hopes that it would win a $3.95 billion jury trial are now looking for other ways to beef up their bank accounts. Rambus failed to convince nine out of 12 jurors that Micron and Hynix conspired against the company by fixing prices of DRAM chips, essentially driving a wedge between Rambus and Intel in collaborating on RDRAM. Adding insult to injury, Rambus stock took a nosedive after news broke that it had lost the trial by a 9-3 vote.
One Russian and six Estonians have been arrested (or have a warrant for their arrest) and charged with wire fraud and conspiracy in a 27-count indictment for allegedly hacking millions of computer systems in more than 100 countries and participating in a "massive" scheme to reroute Web surfers to rogue servers. By doing so, the seven individuals accumulated millions of dollars in fraudulent online ad revenue, the DoJ said.
Google’s ex-CEO turned executive chairman, Eric Schmidt, was on Capital Hill recently to defend his company against anti-competitive allegations, and the details are finally beginning to trickle out. We wouldn’t begin to consider ourselves qualified to pass judgment on the charges, though we can say that some of the statements made in his company’s defense might be a bit of a stretch.
Word to the wise, don't set up a phoney baloney Facebook profile to impersonate your ex-boyfriend/girlfriend as a way to exact revenge. Dana Thornton, an angry woman scorned by her former boyfriend, is learning this lesson the hard way now that a judge has ruled her case can be prosecuted for identity theft. Wouldn't it have been easier to just key his car?
Brooke Rutledge of Lafayett County, Mississippi, is taking Facebook to task over claims the social networking site is illegally tracking user behavior, even when they're not logged into the site. At the heart of the issue is a discovery by Australian blogger Nik Cubrilovic that appears to show Facebook has the ability to track users across the Web on any page with a "Like" button or other Facebook integration.
A Stockholm District Court has handed down its sentence against Pirate Bay founder Gottfrid Svartholm, and he’ll be spared the whip, but little else. Assuming he ever turns up, he’ll be forced to serve a one year jail sentence and pony up a cool $1.1 million to pay off his debt to society. Svartholm’s fate was decided separately from his fellow Pirate Bay crew as a result of medical complications that prevented him from attending the original trial; however, these same complications prevented him from attending the new proceedings as well. As if being sentenced to a prison term without being present wasn’t bizarre enough, Svartholm’s lawyer admits he has no clue where is client is, or even if he is dead or alive.
HP and its shareholders have much more pressing matters to attend to than digging up old skeletons and revisiting the situation that led to former CEO Mark Hurd's resignation. Or at least you would think that would be the case. Instead, the Delaware Supreme Court is being asked to decide whether to unseal a letter from an actress' lawyer that ultimately led to Hurd's departure amid allegations of sexual harassment, the Associated Press reports.
The Sennheiser brand is one that's well known in the audio community, and one we're plenty familiar with, having reviewed a handful of Sennheiser earphones and headsets through the years. In a weird sort of way, Sennheiser could take it as a compliment that its brand has sparked a booming counterfeit market, but really the company is just pissed and out for blood.
Rambus found itself on the hot seat when a judge for the U.S. Court of Appeals for the Federal Court drilled into the company for destroying documents that could have weakened its patent infringement case against Nvidia. Rambus admitted to shredding documents, but chalked it up to business as usual. Furthermore, an attorney for Rambus said they provided all the documents that were requested of them. That's when Judge Kathleen O'Malley, one of three presiding over the case, tore into Rambus.