The company that has been trying to extract tribute from app developers had better lawyer-up
In a contest between Apple's (AAPL) legal staff and Lodsys, the tiny Texas-based holding company that has been ordering iPhone developers to pay for technology Apple had already licensed, we'd put our money on team Cupertino.
"Apple is undisputedly licensed to these patents and the App Makers are protected by that license," wrote Apple general counsel Bruce MORE
Philip Elmer-DeWitt - May 23, 2011 4:28 PM ET
Square is announcing two new services -- Card Case and Square Register -- hoping to reduce payment friction even more, on both ends of everyday transactions.
FORTUNE -- Jack Dorsey hates receipts, but fans of his startup, Square, already knew that. Turns out, he kind of hates credit cards, too.
Square, known for its tiny credit card reader that allows businesses to process payments from a smartphone, is announcing its latest product MORE
Mason Cohn, Producer - May 23, 2011 1:32 PM ET
By Peter Lauria, contributor
A new Facebook effort aims to help journalists use social media. But other motives may be at work.
Vadim Lavrusik
FORTUNE -- Vadim Lavrusik, the cherub-cheeked 25-year old who heads up Facebook's new journalist program initiative, has been generating a lot of chatter in media circles, and not just for his thoughtful missives about how ink-stained wretches could better utilize the social network to promote their work or MORE
May 23, 2011 12:24 PM ET
The new Fifth Avenue store is the same as the old store, only more efficient
iPad display, with accompanying iPad spec sheets. Photo: PED
Without a new product or a shortage of iPads to draw a crowd, there were no lines outside the big glass cube of the iconic Apple Store on Manhattan's Fifth Avenue Monday morning.
The traffic in the subterranean retail space was also relatively light, which made it easy MORE
Philip Elmer-DeWitt - May 23, 2011 11:30 AM ET
A case study in how the options market reacts to breaking news
AAPL Max Pain before and after the explosion. Source: BSL
We've written a lot lately about how traders buying and selling options seem to be driving Apple's (AAPL) share price (see here, here and here.) So we thought it might be instructive to look at what happened on a day when Apple's share price took over and drove the MORE
Philip Elmer-DeWitt - May 23, 2011 9:00 AM ET
The explosion that killed three in Chengdu on Friday has been traced to a dust-collecting duct
Broken windows and twisted metal from the blast. Photo: M.I.C. Gadget
There were several developments over the weekend following the explosion that killed three and injured 15 in a factory in southwest China that builds iPads for Apple (AAPL). (See Inside the Apple iPad factory.)
The third death was confirmed. Six of the injured have been MORE
Philip Elmer-DeWitt - May 23, 2011 7:35 AM ET
Fortune's curated selection of the weekend's most newsworthy tech stories from all over the Web. Sign up to get the newsletter delivered to you every day.
A note to readers: Apologies for the lack of updates over the last week -- yours truly was making preparations for a move out West. Effective end of June, I'll report from Fortune's San Francisco offices to better bring readers the latest tech scoops as they break. Thanks MORE
JP Mangalindan, Writer-Reporter - May 23, 2011 6:30 AM ET
Three-D printers are coming to a desktop near you. Should designers and factories be worried?
By Johnny Ryan, contributor
FORTUNE -- Three-dimensional printing is pretty wacky sounding. Imagine hitting "print" on your home computer and instantly manufacturing any number of plastic, titanium, clay, or silicone objects -- a pair of earrings, say, or a new toy for your kid.
Corporations already use 3-D printers to make product prototypes before embarking on mass manufacturing. MORE
May 23, 2011 5:00 AM ET
Inside this nondescript warehouse, perched along Oregon's Columbia River, computer networks respond to millions of commands instantaneously. Search for "pants size 12" or "mermaid parade," and your results will race through a Google data center like this -- and then right back to you. How much does it cost now to build a complete data center? Roughly $479 million. --Tara Moore
7.5 million is the number of data centers around the MORE
May 23, 2011 5:00 AM ET
The contrast with Windows PC sales is especially striking in Asia, the U.S. and the rest of the world
Source: Needham
As is his wont, Needham's Charlie Wolf waited until the middle of Apple's (AAPL) current quarter to issue his analysis of the last. As usual, it was worth the wait.
In a note to clients Friday entitled "What a Streak," he uses a series of charts based on IDC data to MORE
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.24 | -0.06 | -0.82% |
| Ford Motor Co | 12.28 | -0.46 | -3.60% |
| Frontier Communicati... | 4.24 | -0.23 | -5.26% |
| Juniper Networks Inc... | 21.57 | -0.80 | -3.58% |
| Cisco Systems Inc | 19.58 | -0.25 | -1.26% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,666.89 | -67.74 | -0.53% |
| Nasdaq | 2,813.64 | 8.36 | 0.30% |
| S&P 500 | 1,315.93 | -2.50 | -0.19% |
| Treasuries | 1.92 | -0.01 | -0.73% |
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