Fortune's curated selection of newsworthy tech stories from the last 24 hours. Sign up to get the round-up delivered to you every day.
"Over half of the U.S. doesn't pay anything for music each year." -- Pandora CTO Tom Conrad (GigaOm)
* Colleague Dan Primack on why The Wall Street Journal's recent Zynga story about "strong-arming" employees into giving up previously granted stock options actually drew the wrong conclusions. (The Wall Street Journal and Fortune)
* Sony CEO Howard Stringer revealed that a lot of the company's research and development (R&D) is going into "a different kind of TV set." "I spent the last five years building a platform so I can compete with Steve Jobs," Stringer told The Wall Street Journal. "It's finished, and it's launching now." (The Wall Street Journal via Boy Genius Report)
* Google (GOOG) acquired Katango, a startup that focused on automatically sorting your Facebook friends into different groups. If integrated properly, the tech will would be a nice addition to the company's fledgeling Google+ network. (TechCrunch)
* Logitech CEO Guerrino De Luca on why Google TV cost the company "dearly." (The Verge)
* Flash sale site Gilt is rolling out a web site makeover over the next few days. (TechCrunch)
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* Nintendo slashed the price of its 3DS handheld system by roughly one-third (from $250 to $170) because of lower-than-expected sales during the first three months. The gaming company also lowered its annual profit forecast by a stunning 82%. President Satoru Iwata said in an online letter it was MOREJP Mangalindan, Writer - Jul 29, 2011 7:41 AM ET
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