Selected by Xtrategit Staff
Microsoft writes off $7.6B, admits failure of Nokia acquisition
COMPUTERWORLD July 08, 2015
Microsoft today wrote off billions of dollars related to its Nokia acquisition, saying it's taking an "impairment charge" of $7.6 billion, or nearly the full amount it paid for the Finnish firm's smartphone business and patents last year.
Emergency Flash Player updates fix for vulnerability used in widespread attacks
Adobe Systems was forced to rush the release of a Flash Player update after an exploit for a previously
The announcement slapped the failure sticker on the last major move made by former CEO Steve Ballmer, who pushed for the Nokia deal in his final months in office against objections by, among others, Satya Nadella before he was elevated to the chief executive's chair.
"It was a mistake to begin with," said Jack Gold, principal analyst at J. Gold Associates. "A monumental mistake. Microsoft had no business being in the cut-throat, low-margin phone business. Who's making money in phones besides Apple?"
Netsuite ready for SBR
Daniel James June 19, 2015
NetSuite has worked with SBR specialist GovReports to provide BAS lodgement through the new GovReports SuiteApp, which is fully integrated with the NetSuite software.
Later in the year, GovReports SuiteApp will be able to extract payroll data from the Infinet Cloud Payroll SuiteApp to complete IAS and BAS reporting and lodgement.
Since the ATO's old Electronic Lodgement Service (ELS) is being decommissioned in a year's time, businesses will need to switch to SBR for online lodgement.
Mark Troselj, vice president and general manager for ANZ at NetSuite, said "we have partnered with the leading taxation reporting experts to introduce a fully integrated solution so our customers can securely, efficiently, and accurately report into the ATO and meet its compliance obligations. The GovReports SuiteApp will help our customers keep fully up-to-date with any changes to taxation reporting requirements in Australia, and is therefore a truly advantageous addition to our cloud platform."
FBI Director Says Encryption Poses Law Enforcement Challenge
CNBC July 09, 2015
Widespread digital encryption presents a massive challenge to law enforcement, FBI Director James Comey told lawmakers on Wednesday, urging Silicon Valley to come up with a solution.
"Our job is to look at a haystack the size of this country to find needles that are increasingly invisible to us because of end-to-end encryption," Comey told the U.S. Senate Committee on the Judiciary.
The U.S. government has been criticized by privacy advocates and tech firms for requesting a "back door" to access private user data on encrypted systems — a measure that could leave that same technology open to hackers.