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One of the most common problems that annoyed early Xbox 360 adopters was the appearance of the “red ring of death,” a flashing red light on the console’s start button indicating that its hardware was essentially fried and would need to be sent to Microsoft to be replaced. But Microsoft Game Studios vice president Phil Spencer tells Edge that the company has learned its lessons and that the new Xbox One will not experience hardware failures on a mass scale like the Xbox 360 did. In particular, Spencer noted that Microsoft’s success rate on the more recently released Xbox 360 Slim was “very high” and said that the same team behind the Slim also built the Xbox One, so chances are very good that the
SAN FRANCISCO (AP) — Netflix is hoping this weekend's release of the resurrected TV series "Arrested Development" will draw more subscribers to its Internet video service.
Here's a look at Netflix since its stock peaked in July 2011 at nearly $305. Netflix had just announced an unpopular price increase in the U.S., and investors got worried by the intensity of the customer backlash. Even after subscriber complaints subsided, investors remained concerned about intensifying competition at the same time the company is spending more to acquire Internet content and expand abroad. Despite those concerns, Netflix has been staging a comeback. Another boost is expected from Sunday's revival of the "Arrested Development" TV series.
By Sarah McBride SAN FRANCISCO (Reuters) - Automattic, the company that operates blogging service WordPress.com, announced a $50 million investment from hedge fund Tiger Global on Friday. The investment comes on the heels of Yahoo's $1.1 billion acquisition of blogging company Tumblr, showing the high prices fast-growing services that targeting Internet users can command. The valuation for Automattic was similar, Fortune reported. A spokeswoman for WordPress declined to comment. WordPress powers the blogs at companies such as CNN.com and Techcrunch, a spokeswoman said. ...
It is no secret that Google would like to be a wireless carrier. The company has long been rumored to be eyeing various partnerships to launch its own wireless network as soon as this year. The Wall Street Journal is now reporting that Google is looking to fund, build and help run wireless networks in emerging markets in Africa and Southeast Asia. The company is said to be interested in connecting people to the Internet who live outside of major cities, while at the same time improving speed in urban locations. Google will reportedly create the business model to support the networks in collaboration with local companies. Google is said to be trying to win over regulators to launch its
By Ronald Grover and Greg Roumeliotis LOS ANGELES/NEW YORK (Reuters) - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday. Yahoo just this week announced a $1.1 billion acquisition of blogging service Tumblr. It now joins rival bidders for Hulu, including Time Warner Cable Inc, DirecTV, former News Corp president Peter Chernin and Guggenheim Digital Media, sources have said. It is unclear how much the Internet company bid. ...
LOS ANGELES (AP) — News Corp. said its board of directors has approved plans to split its entertainment and publishing businesses into two separate companies. The company also adopted a shareholder-rights plan designed to prevent a hostile takeover in the volatile trading period after the split is complete.
"Let’s get this straight up front: I am now writing a blog post, not blogging a blog," writes Forrest Wickman at Slate, the good people who brought you the great two-spaces-after-a-period debate. Oh yes. Oh yes. They are at it again, this time with a post by in which he takes on the matter of what to call this thing we do.
NEW YORK (AP) — Sen. Charles Schumer urged regulators to "use extreme caution" when reviewing the proposed acquisition of No. 3 cell carrier Sprint Nextel by Japan's Softbank, saying the Japanese company's use of Chinese networking equipment could open up U.S. networks to snooping and hacking.
The common knock on Google Glass has been that it’s far too dorky-looking for normal people to want to wear. David Pogue, writing at Scientific American, says that he got a chance to play around with Google Glass recently and came away with a somewhat different take: Google Glass is too creepy. In particular, Pogue says that people who are wearing Google Glass instantly make everyone else around them uncomfortable if they’re not also wearing the headset. Pogue came to this realization after he “ran into a Google employee wearing it in public” and had a “screamingly uncomfortable” conversation with her. “There she was, wearing this creepy-looking, faux-futuristic forehead band — with a built-in video camera pointed at my face,”
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