Google will Unveil Own Tablet

ith the ongoing Google I/O developers conference this week will surely come a lot of surprises from the Internet giant, one of which is the anticipated unveiling of a tablet running on their equally new Android operating system, Jellybean. Google seem to be doing what Microsoft did last week in its unveiling of Surface tablet. “It seems Google’s trying to do what Microsoft did last week, which is basically tell their partners they no longer trust them to do things right.” The 7-inch Asus-Google tablets will be made by Quanta Computer and will reportedly run on Jellybean, the latest version of Android’s mobile OS. The first of its kind from Google, the tablet could cost up to USD 250, which should be another reason for Amazon as well as Apple to be on the alert. More »

Google Faces Antitrust Suit in India

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First of its Kind Malware Targets Android

Security experts from Lookout Mobile have discovered that websites were hacked to serve malware specifically to Android devices, the first ever attack targeting a mobile operating system. The virus comes up when a user happen to visit a compromised website and disguises itself as a system update. Drive-by downloads such as this have long been a challenge to digital security as it only takes someone to visit an infected site for the malware to infect the vulnerable device. Mobile specialist Springhill Group Counselling reports that the bug, named NotCompatible, appears to be the first Android bug to have spread in that way. More »

IT experts fear Anons

Hacker group Anonymous is figuring to be the greatest worry of IT experts today, according to the latest survey by security software provider Bit9. A new survey conducted by the security company Bit9 called 2012 Cyber Security Survey released on April 23 asked around 2,000 IT experts in Europe and US regarding the present security condition of enterprise Relevant Services/Products. Out of all the respondents, 64% believes that their firms will be attacked during the next 6 months while 61% chose hacktivists as the most likely attackers. Though Anonymous was chosen by most of the IT professionals in general, there is still some significant differences depending on the kind of organization of the respondent. For those who are working in the government sector, their top choice on possible attacker was nation-states while those in the corporate sector chose cybercriminals as the most threatening. More »

11 Suspected of LCD Tech Leak

At least eleven individuals were suspected of selling Samsung’s key technology involved in creating the next generation of flat screen panels to one of its South Korea rival in the TV manufacturing sector. According to authorities, suspects allegedly shared the technology used in Samsung’s flat screen display to another domestic company through their contacts to both of the firms. The 11 suspects are composed of current and former Samsung researchers along with employees of the rival company. More »

 

Apple’s Calls for Repatriation Tax Holiday Gain No Traction with White House


With some two-thirds of its cash hoard housed overseas, Apple would like a tax holiday to allow it to move that money back to the U.S., but its pleas have fallen on deaf ears at the White House.

 

With $64 billion in cash remaining offshore, Apple executives said during a conference call on Monday that they have no plans to bring that money back to the U.S. because of taxes. For some time now, Apple has lobbied the U.S. government for a tax holiday that would give the company an incentive to bring that money stateside.

 

“Repatriating the cash would result in significant tax penalties,” Apple Chief Financial Officer Peter Oppenheimer said. “The tax laws currently allow for a significant disincentive. We’ve expressed our views to Congress and the White House.”

 

But despite Apple’s pleas, both behind the scenes and public, White House officials are not interested in offering a “repatriation holiday” for corporations to bring overseas funds stateside, according to Talking Points Memo.

 

“A White House official told TPN that the Obama Administration specifically chose not to propose a repatriation holiday — a temporary tax break on overseas cash brought back to the U.S., which Apple and other tech companies have sought for years,” Carl Franzen reported.

 

“Instead, the official told TPM that the White house in late February put forth ‘a comprehensive corporate tax reform plan that simplifies the code, levels the playing field for American businesses and encourages investment here at home.’”

 

While Apple’s interest in a tax holiday hasn’t gained traction at the White House, the iPhone maker has found some support in Congress. Specifically, Democratic Senator Kay Hagan of North Carolina has been a key proponent of the Foreign Earnings Reinvestment Act.

 

“(This week’s) announcement by Apple only highlights the need to pass common-sense legislation that would allow American companies to put $1 trillion of foreign earnings back to work in the U.S. economy,” Hagan reportedly said. “our stagnant economy demands practical, creative and bipartisan solutions right now.”

 

Hagan’s plan, which has gained support from Republican Senator John McCain, would allow companies to return their profits to the U.S. at a temporarily reduced tax rate. Hagan believes it would trigger the flow of $1 trillion back into the U.S. economy.

 

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