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Cisco Systems sued for helping China monitor Internet

SAN FRANCISCO – Falungong members are suing Cisco Systems for custom-building “Golden Shield” Internet technology used by China to track down devotees of the spiritual movement. Cisco dismissed the case Monday as being without basis and vowed to “vigorously defend” itself. A lawsuit filed in US federal court in the…

New Internet tech transmits data at 26 terabytes per second

In a dramatic breakthrough, scientists have learned how to use optical fiber to transmit data over a single laser at speeds that dwarf even today’s fastest Internet connections. Using techniques called “fast Fourier transform” and “orthogonal frequency division multiplexing,” scientists at the Karlsruhe Institute of Technology in Germany were able to stitch…

Utah legalizes use of gold, silver as currency

Utah this week became the first state to legalize the use of gold and silver coins as legal currency, the according to the Associated Press. Republican state Rep. Brad Galvez sponsored the bill, which also excludes gold and silver from capital gains taxes, as a protest against Federal Reserve policies.…

Electronics giant Sony expects to post losses near $3.2 billion

TOKYO (AFP) – Japan’s Sony on Monday said it expected to post a $3.2 billion net loss for the fiscal year ended March, after delaying its corporate results to gauge damage from the March 11 earthquake and tsunami. The expected third-straight annual loss for Sony comes as it tries to…

Internet bosses woo world leaders at ‘e-G8′

PARIS (AFP) – The world’s most powerful Internet and media barons gather in Paris on Tuesday in a show of strength to leaders at the G8 summit, amid international rows over online access, copyright and regulation. Top executives from online giants like Google, Facebook and Microsoft will tout the economic…

Advocacy group pushes back on government wiretapping

A communications public advocacy non-profit, the Electronic Frontier Foundation, has filed a Freedom of Information Act request, demanding that the Department of Justice explain why the government can access citizen phone records and other private information. The Electronic Communications Privacy Act (ECPA) has been controversial since it was implemented in…

Apple fans react to computers like religion: BBC

Neurological research has found that fans of Apple computers and products react to the company’s gadgets in the same way religious zealots react to images of their deity. The two groups — Apple fanatics and religious followers — were both monitored with an MRI and shown the images, CNN reported.…

IBM tops Microsoft in market value, then slides back

NEW YORK — IBM briefly topped Microsoft in market value on Wall Street on Friday to become the second-largest technology company after Apple. But IBM shares lost 0.25 percent to close at $170.16, giving the New York-based company known as “Big Blue” a market capitalization of $206.1 billion. Microsoft shares…

Sony’s Internet service in Japan gets hacked, points stolen

NEW YORK/HELSINKI (Reuters) – Sony Corp has been hacked again. So-Net, the Internet service provider unit of Japan’s Sony, alerted customers that an intruder broke into its system and stole virtual points from account holders worth $1,225. This latest setback comes after personal information of some 100 million Sony user…

Battle lines drawn as Europe, developing world angle for IMF’s top post

WASHINGTON (AFP) – Battle lines were shaping up over the choice of a new leader for the International Monetary Fund on Friday as the Fund’s board searched for a successor to Dominique Strauss-Kahn. European nations have moved to keep their lock on the IMF’s top job after Strauss-Kahn said early…

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