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)
Don't miss the latest tech news. Sign up now to get Today in Tech emailed each and every morning.
Fortune's curated selection of the day's most newsworthy tech stories from all over the Web. Sign up to get the newsletter delivered to you every day.
* 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
|McDonald's gives Charles Ramsey free food for a year|
|Doomsday investors betting on market crash|
|Where your donation dollars go|
|The 'chicken poop' credit and other bad tax breaks|
|Investors consider life after Fed stimulus|