News Fuse for July 19, 2013

Microsoft Surface RT

Here are today's top 10 stories from Tech News Today for July 19, 2013:

  1. Apple acquired crowdsourced location data company Locationary. The deal includes Locationary's technology and team. Apple did not disclose a price when it confirmed the deal to All Things D. The Toronto-based company helps keep business information and location data up to date. Read more at allthingsd.com.

  2. Google's second quarter came in below analysts' expectations, but still managed to be impressive - the company consolidated revenue of $14.1 billion (that’s up 19 percent from the year-ago quarter), net income of $3.23 billion, and non-GAAP earnings per share of $9.56. Analysts were hoping to see Google’s revenue jump at least 20 percent year-over-year, and the company only missed that by about 1 percent. Google’s stock initially jumped to an all time high on Monday, and after the revenue results dipped about 5% in after-hours trading. Read more at techcrunch.com.

  3. Microsoft reported its earnings and they were below expectations. The company took a $900 million charge for its inventory of Surface tablets. Microsoft earned 66 cents per share (not including the Surface charge), but analysts expected 75 cents per share. An analyst at Pacific Crest Securities said this was the biggest miss they've seen from Microsoft. Any silver linings in this story? Revenue was up 10% to $19.9 billion, but Wall Street expected $20.7B. Read more at reuters.com.

  4. Michael Hayden, former head of the US CIA told the Australian Financial Review that if Huawei would have been allowed to build the backbone of telecommunications networks, it "would have shared with the Chinese state intimate and extensive knowledge of the foreign telecommunications systems it is involved with." Huawei spokesman Scott Sykes told Bloomberg, “These tired, unsubstantiated, defamatory remarks are sad distractions from real-world concerns related to espionage, industrial and otherwise." Read more at bloomberg.com.

  5. Kevin Paulsen explains in a post on Wired that MIT lawyers are filing a motion to intervene in his Freedom of Information Act (FOIA) lawsuit over thousands of pages of Secret Service documents about the late activist and coder Aaron Swartz. He explains that in February, the Secret Service denied his request for any files it held on Swartz, citing a FOIA exemption that covers sensitive law enforcement records that are part of an ongoing proceeding. Paulsen says MIT is afraid the release of Swartz’s file will identify the names of MIT people who helped the Secret Service and federal prosecutors pursue felony charges against Swartz for his bulk downloading of academic articles from MIT’s network in 2011. Read more at wired.com.

  6. Erik Voorhees just sold a bitcoin gambling site called SatoshiDice for 126,315 bitcoins. That translates to over 11 million U.S. dollars. The identity of the buyer isn't known, but BitCapital's John Bridge was surprised that it sold for such a high amount and believes the site was picked up by an existing gaming institute. Read more at gigaom.com.

  7. NPR reports that 24-year-old Stephen Balaban is developing an alternative operating system for Google Glass. Balaban was one of the developers behind a facial recognition app for Glass. Google banned the app after several people including US government officials, expressed concern over widespread facial recognition. Google Glass's Explorer edition comes with restrictive terms of service that among other things, let Google deactivate the device. Read more at tomshardware.com.

  8. VLC for iOS is back in the app store. VideoLAN's latest version of the multi-format player and decoder runs on iOS 5.1 or later, and supports the iPhone, iPad, and iPod touch. It's open-source and it's code is now available online, bi-licensed under the Mozilla Public License Version 2 as well as the GNU General Public License Version 2 or later. The MPLv2 is applicable for distribution in the App Store, which was a missing element and why Apple pulled VLC from the App Store back in January 2011. Read more at thenextweb.com.

  9. Leap Motion controllers should arrive in stores next week, and the New York Times is on it! The New York Times Idea Lab created an official app that lets you page through stories with a wave of your hand. Holding your finger up Harrison Ford style scrolls through a menu of news stories, then you swipe to select a particular story. Once you're done just shake your hand to send the story back into the carousel of headlines. Read more at pcmag.com.

  10. Android users, you can be making money just by unlocking your phone. A new app called "Locket" launched today - it places ads on your lock screen. When you swipe to unlock your device, you get paid. The app doesn't force you to view full ads - if you want to watch something like a trailer, you'll have to actively choose that. Regardless of which way you swipe, you get paid a whopping 1 cent per swipe - and that's capped at 3 cents per hour. Read more at techcrunch.com.

For insight, analysis, and discussion of these topics and more, check out Tech News Today forJuly 19, 2013.