Arrested by the SEC
By Phil Muncaster, 19 October 2009
INTEL CAPITAL AND IBM executives are facing insider trading charges after allegedly providing information that reaped a massive $25 million in illicit gains, the US Securities and Exchange Commission (SEC) said yesterday. The SEC revealed that Rajiv Goel, a managing director of Intel subsidiary, Intel Capital, and IBM senior vice president Robert Moffat are among six senior execs arrested in what it is calling a “massive insider trading scheme”. Goel is accused of having provided inside information about certain Intel quarterly earnings and a pending joint venture concerning Clearwire in which Intel had invested, netting him $250,000. Moffat, meanwhile, is said to have provided information about Sun Microsystems which he obtained when IBM was considering buying Sun. That information made around $1 million in profits, said the SEC. The case seems to revolve around Raj Rajaratnam, a portfolio manager with hedge fund Galleon Group. “What we have uncovered in the trading activities of Raj Rajaratnam is that the secret of his success is not genius trading strategies. He is not the astute study of company fundamentals or marketplace trends that he is widely thought to be,” said Robert Khuzami, director of the SEC’s enforcement division.
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Monday, October 19, 2009
Mitigate the 7 Deadly Sins Found in Windows 7
By Randall C. Kennedy, Oct 19, 2009
The seven deadly sins -- for centuries, they've shaped the imaginations of poets, priests, and politicians, while giving the great unwashed a frame of reference: Do these things and you'll burn for sure! When it comes to software, few products have inspired as much debauchery as Windows. From lust to sloth to envy, Microsoft's flagship OS platform has proven to be a source of manifold transgression. Zealots have praised it, and pundits have cursed it, while those of us in the IT trenches are forced to actually live with it. So with Windows 7 just around the corner, it makes sense to examine the product through the prism of these 7 deadly sins. Just how does Microsoft's new OS drive users to acts of iniquity? And what, if anything, can you, the IT administrator, do to manage the carnal impulses and aberrant behaviors this interloping force of nature engenders?
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The seven deadly sins -- for centuries, they've shaped the imaginations of poets, priests, and politicians, while giving the great unwashed a frame of reference: Do these things and you'll burn for sure! When it comes to software, few products have inspired as much debauchery as Windows. From lust to sloth to envy, Microsoft's flagship OS platform has proven to be a source of manifold transgression. Zealots have praised it, and pundits have cursed it, while those of us in the IT trenches are forced to actually live with it. So with Windows 7 just around the corner, it makes sense to examine the product through the prism of these 7 deadly sins. Just how does Microsoft's new OS drive users to acts of iniquity? And what, if anything, can you, the IT administrator, do to manage the carnal impulses and aberrant behaviors this interloping force of nature engenders?
Read more here -->Link
Microsoft and Mozilla leave Web users tangled over 'variant' vulnerability
By Scott M. Fulton, III October 19, 2009
In what is now indisputably the most important vulnerability addressed during last Tuesday's record round of Windows patches, the two companies most affected by the problem -- Microsoft and, to a lesser extent, Mozilla -- could not help but be caught in a tangle of miscommunication exacerbated to a large extent by overhype from a sea of blogs. As a result, it's everyday users who are left confused and bewildered, even though no known exploit for the vulnerability exists. The problem involves both the ".NET Framework Assistant" add-on and "Windows Presentation Manager" plug-in made by Microsoft for Mozilla Firefox, both of which are installed automatically -- and without warning -- by Microsoft's .NET Framework 3.5 Service Pack 1. One of Microsoft's patches last week, as explained in a Microsoft bulletin, addresses the functionality of 3.5 SP1 that's made available through these Firefox extensions. Meanwhile, on its end, Mozilla opted to disable these extensions at the browser level, for reasons explained by its vice president of engineering, Mike Shaver, as, "because of the difficulties some users have had entirely removing the add-on, and because of the severity of the risk it represents if not disabled." The move was made only after having contacted Microsoft first; and Microsoft agreed with the decision, Shaver said. This contradicts a multitude of reports over the weekend saying that Mozilla had taken action in defiance of Microsoft's extensions.
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In what is now indisputably the most important vulnerability addressed during last Tuesday's record round of Windows patches, the two companies most affected by the problem -- Microsoft and, to a lesser extent, Mozilla -- could not help but be caught in a tangle of miscommunication exacerbated to a large extent by overhype from a sea of blogs. As a result, it's everyday users who are left confused and bewildered, even though no known exploit for the vulnerability exists. The problem involves both the ".NET Framework Assistant" add-on and "Windows Presentation Manager" plug-in made by Microsoft for Mozilla Firefox, both of which are installed automatically -- and without warning -- by Microsoft's .NET Framework 3.5 Service Pack 1. One of Microsoft's patches last week, as explained in a Microsoft bulletin, addresses the functionality of 3.5 SP1 that's made available through these Firefox extensions. Meanwhile, on its end, Mozilla opted to disable these extensions at the browser level, for reasons explained by its vice president of engineering, Mike Shaver, as, "because of the difficulties some users have had entirely removing the add-on, and because of the severity of the risk it represents if not disabled." The move was made only after having contacted Microsoft first; and Microsoft agreed with the decision, Shaver said. This contradicts a multitude of reports over the weekend saying that Mozilla had taken action in defiance of Microsoft's extensions.
Read more here -->Link
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