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 the first time Nintendo has cut prices so much within the first six months of a product's launch. The cut comes during a time when the gaming industry is affected by mobile games on multi-purpose devices by companies like Apple and social games from more recent companies including Zynga. (Wall Street Journal and New York Times)
* Groupon's unique accounting approach is drawing some heat from the U.S. Securities and Exchange Commission in the months leading up to a potential initial public offering (IPO). The leading daily deals site is using an unusual measure, adjusted consolidated segment operating income (or adjusted CSOI), to measure profits without including its online marketing expenses. (Wall Street Journal) More
Citigroup is the latest to report a security breach, but the hack occurred more than a month ago. It's time for companies to open up about exposures to its systems.
FORTUNE -- Given the number of recent, high-profile network security breaches, it might be tempting to call 2011 the Year of the Hack. The danger is that there's a good chance 2012 might be even worse.
The underlying reason for this is MORE
Dan Mitchell, contributor - Jun 9, 2011 3:57 PM 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.
"If you take even a look at the companies that have succeeded, Microsoft, Apple, Google, Facebook, you name it, all of these companies went through times of hardship. ... And it's how tenacious you are, how irrepressible, how ultimately optimistic and tenacious you are about it that MORE
JP Mangalindan, Writer - May 16, 2011 6:30 AM ET
A curated selection of the weekend's most newsworthy tech stories from all over the Web. Sign up to get the newsletter delivered to you everyday.
*A sneak peek at Adam Lashinsky's deep dive into Apple's corporate structure, including a juicy anecdote on how Steve Jobs tolerates internal company failures (Hint: Not so well). (Fortune)
*LinkedIn plans to offer 7.8 million shares in its initial public offering (IPO), valuing the professional social network at MORE
JP Mangalindan, Writer - May 9, 2011 10:28 AM ET
A curated selection of the day's most newsworthy tech stories from all over the Web. Sign up to get the newsletter delivered to you everyday.
The attacks on Sony's various web servers may not be over. A group of hackers claims it's planning to hit Sony's Web site this weekend and publish a good chunk of the information they steal: possibly customer names, addresses, and credit card numbers. Should that come to pass, MORE
JP Mangalindan, Writer - May 6, 2011 6:30 AM ET
A curated selection of the day's most newsworthy tech stories from all over the Web. Sign up to get the newsletter delivered to you everyday.
Remember Friendster? The social network pioneer which launched in 2002 and lost ground to MySpace and then Facebook, is deleting all user-uploaded photos, blogs, comments and groups -- effectively killing off its roots -- repositioning itself as a social entertainment site, and focusing on Asian users. MORE
JP Mangalindan, Writer - Apr 27, 2011 6:30 AM ET
The Playstation app doesn't yet play games.
Sony (SNE) today announced that they'd be launching a PlayStation app for Android and iOS. Sony's upcoming Playstation phone has been leaked on numerous occasions but app brings the possibility that Sony will be virtualizing its gaming platforms for today's two biggest mobile platforms (by mindshare) would be an interesting play. Sony says it will be available for Apple's (AAPL) iPhone and iPod with MORE
Seth Weintraub - Dec 16, 2010 5:13 PM ET