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Sprint now offering $100 credit when you trade in an iPhone from any other carrier (Matthew Panzarino/The Next Web)
 

Matthew Panzarino / The Next Web:
Sprint now offering $100 credit when you trade in an iPhone from any other carrier  —  In an effort to attract iPhone users to its network, Sprint has begun offering a $100 credit when you turn in an iPhone from any other carrier.  —  Sprint sent us the details of the offering …

Samsung's S Voice available for Android 4.0 devices through leaked Galaxy S III ROM (Sam Byford/The Verge)
 

Sam Byford / The Verge:
Samsung's S Voice available for Android 4.0 devices through leaked Galaxy S III ROM  —  The firmware for Samsung's Galaxy S III has leaked, a little over a week ahead of the device's release.  While you can't flash the ROM to another phone just yet, developers are able to poke around inside …

The Darwinian Evolution of Startup Hubs (Fred Wilson/A VC)
 

Fred Wilson / A VC:
The Darwinian Evolution of Startup Hubs  —  This weekend finds NYC in between Internet Week (which I largely missed because of my London trip) and Disrupt NYC (which I will be at on and off this coming week).  So the development of NYC as a startup hub is very much on my mind.

Mark Zuckerberg's Good Week Gets Better After He Marries Long-Time Girlfriend (Ryan Mac/Forbes)
 

Ryan Mac / Forbes:
Mark Zuckerberg's Good Week Gets Better After He Marries Long-Time Girlfriend  —  Mark Zuckerberg and Priscilla Chan were married on Saturday according to the groom's Facebook page.  (Photo via Facebook)  —  Mark Zuckerberg's good week just got better.  On Saturday, he married long-time girlfriend Priscilla Chan.

Facebook's Mark Zuckerberg marries sweetheart (Marcus Wohlsen/Associated Press)
 

Marcus Wohlsen / Associated Press:
Facebook's Mark Zuckerberg marries sweetheart  —  A day after the historic Facebook IPO, founder and CEO Mark Zuckerberg updated his status Saturday to “married.”  Zuckerberg wed 27-year-old Priscilla Chan, his girlfriend of nearly a decade, according to a guest authorized to speak for the couple.

T-Mobile isn't jumping on the shared-data plan bandwagon (Sue Marek/FierceWireless)
 

Sue Marek / FierceWireless:
T-Mobile isn't jumping on the shared-data plan bandwagon  —  T-Mobile USA isn't planning to offer shared data plans to its customers like its competitors Verizon Wireless (NYSE:VZ) and AT&T Mobility (NYSE:T).  In a blog post, T-Mobile USA's Senior Vice President of Marketing Andrew Sherrard …

Facebook Banker Morgan Stanley Props Up Price It Helped Boost (Bloomberg)
 

Bloomberg:
Facebook Banker Morgan Stanley Props Up Price It Helped Boost  —  Morgan Stanley (MS)'s reputation as lead underwriter may suffer from the stock market debut of Facebook Inc., whose initial public offering left investors in the largest social network disappointed.

Google will keep Android free and open for at least five years (Nathan Ingraham/The Verge)
 

Nathan Ingraham / The Verge:
Google will keep Android free and open for at least five years  —  According to the Wall Street Journal, Reuters, and the Associated Press, Google had to agree to keep Android free and available for anyone to use for at least the next five years in order to gain China's approval to purchase Motorola Mobility.

China Clears Google's Motorola Mobility Deal (John Letzing/Wall Street Journal)
 

John Letzing / Wall Street Journal:
China Clears Google's Motorola Mobility Deal  —  Google Inc. said Saturday that Chinese antitrust authorities have cleared the Internet giant's proposed purchase of Motorola Mobility Holdings Inc., pushing the $12.5 billion deal over its last regulatory hurdle.

Sorry, But This Whining And Umbrage About Facebook's IPO Is Ridiculous (Henry Blodget/Business Insider)
 

Henry Blodget / Business Insider:
Sorry, But This Whining And Umbrage About Facebook's IPO Is Ridiculous  —  This isn't going to be a popular thing to say, but it needs to be said.  So here goes...  All this whining and umbrage about Facebook's IPO is ridiculous.  —  When are people who voluntarily speculate on stocks finally …

Putting Twitter's "Do Not Track" Feature in Context (Danny Weitzner/The White House Blog)
 

Danny Weitzner / The White House Blog:
Putting Twitter's “Do Not Track” Feature in Context  —  This week, we got some terrific news about new ways individuals can protect their privacy on the internet.  —  Twitter announced it will support the new Do Not Track feature in web browsers, giving users one-click control over whether …

Facebook vs. Twitter (Nick Bilton/Bits)
 

Nick Bilton / Bits:
Facebook vs. Twitter  —  The best way to compare Twitter and Facebook is to look at the old children's story The Tortoise and the Hare.  —  For those that don't remember curling up in bed as a child, listening to an adult narrate it, this is the old fable of an arrogant hare who loses a race to a slow tortoise.

Missing Out on Facebook Jackpot (Wall Street Journal)
 

Wall Street Journal:
Missing Out on Facebook Jackpot  —  At times like Facebook Inc.'s initial public offering, hindsight in Silicon Valley is 20/20.  Everybody knows the story of Harvard whiz-kid Mark Zuckerberg, who wanted to change the Internet and made billions.  Less often told is the story of former carpet salesman Pejman Nozad.

China finally approves Google's Motorola Mobility acquisition, deal likely to close next week (Matt Brian/The Next Web)
 

Matt Brian / The Next Web:
China finally approves Google's Motorola Mobility acquisition, deal likely to close next week  —  Google may have announced its $12.5 billion acquisition of Motorola Mobility last August and gained approval from both EU and US authorities but it's taken until today for the search giant to gain clearance in China.

Creating the Windows 8 user experience (Steven Sinofsky/MSDN Blogs)
 

Steven Sinofsky / MSDN Blogs:
Creating the Windows 8 user experience … At the D: All Things Digital conference in June 2011, we demonstrated for the first time the new user interface that we developed for Windows 8.  This new UI is fast and fluid to use, and optimized for mobile form factors such as laptops, tablets …

The Pacific Ocean Is Dying
 
nationofchange.org - May. 18 (Special Report) - Just prior to the Supermoon of March 18th, 2011, the world witnessed a natural and manmade disaster of epic proportions. What transpired off the coast of Honshu Island, Japan on March 11 has forever altered the planet and irremediably affected the global environment.

NewsTrust Rating: 3.8 average (not enough reviews) - See Review » - Review It        Visit NewsTrust | About | Sign Up | Disclaimer

Activist Group's Founder Reportedly Arrested
 
Huffington Post - May. 14 (News Report) - An environmental activist group known for its confrontations with whalers and fishermen says its founder has been arrested in Germany for extradition to Costa Rica for allegedly interfering with a shark fishing boat.

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Role Reversal: Why TV Is Replacing Movies As Elite Entertainment
 
The Hollywood Economist - By Edward Jay Epstein - May. 13 (News Analysis) - Once upon a time, over a generation ago, The television set was commonly called the “boob tube” and looked down on by elites as a purveyors of mind-numbing entertainment. Movie theaters, on the other hand, were considered a venue for, if not art, more sophisticated dramas and comedies. Not any more. The multiplexes are now primarily a venue for comic-book inspired action and fantasy movies, whereas television, especially the pay and cable channels, is increasingly becoming a venue for character-driven adult programs, such as The Wire, Mad Men, and Boardwalk Empire. This role reversal, rather than a momentary fluke, proceeds directly from the new economic realities of the entertainment business. Consider what happened to Pay-TV. Back in the 1970s, HBO provided something home viewers could not get elsewhere: movies uninterrupted by commercials. It was, as a HBO executive put it, “the only game in town,” so its subscribers paid a monthly fee, no matter how little or often they watch it, to their local cable provider who in turn forked over a share to HBO. As the cable systems grew, so did HBO. By 2010, it had (including its Cinemax unit) over 40 million subscribers, and just the monthly fees produced cash flow of over $1.5 billion a year. Getting new movies was no problem. HBO simply licensed them from a few major studios for an exclusive period (which began a few months after they were released on video and DVD) in so-called “output deals.” To continue to harvest this immense bounty, HBO had merely to stop subscribers from ending their service.

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The Internet Big Five: Up $272 Billion in Six Months
 

Last December I posted on “The Internet Big Five,” noting their relative strengths and the market cap of each. Since that time, the Five have only gotten stronger, adding a cumulative $272 billion in market cap (much of that is Apple, but Amazon and Facebook – assuming the offering does as expected on Friday – have also increased quite a bit). All in all, nearly 30% increase in value for these five companies – sort of makes me wish I was an investor, rather than a writer and entrepreneur.

I’ll also check the number of engaged users for each platform, to see if there are any significant shifts, though I don’t recall seeing any in the news recently (save Facebook crossing 900 million users). It is interesting to note that Facebook, should it hold its supposed valuation, will be more highly valued than Amazon.

A reminder as to why I’ve made a point of watching the Big Five, from my original and secondary posts:

..there’s more to the selection of this Big Five than just market cap. In fact, there are four main criteria for making it into the Big Five.

First, as I began to describe above, the companies must have financial heft, both in terms of large equity capitalizations, significant cash on hand, and a defensible core profit making machine. This gives them the ability to throw their weight around: they can make strategic acquisitions (like Google’s acquisition of Motorola), and they can leverage their profit centers and cash positions in any number of ways that offer them flexibility to play the corporate game at the very highest levels.

Second, the companies must have scale in terms of direct reach to consumers. By this I mean their brands are used as meaningful platforms by hundreds of millions of people on a frequent basis.

Third, the companies must have deep engagement with those consumers, the kind of engagement that builds brand and creates massive stores of useful data. The relationship between the brand and its customer has to be meaningful and consistent (therefore creating permission to extract a premium and offer new products and services). It takes an ongoing service relationship for such engagement to occur….

 

More on the product strength of the Big Five here.

 



Penner Ash Willamette Pinot 2009
 
20120515-134119.jpg

Penner-Ash Willamette Valley 2009 Pinot drank VERY well last week.



New Feeds For Searchblog
 

Pardon the site-specific interruption, but as part of my ongoing quest to keep my content here on my own site, I’ve begun posting pictures of stuff here that I’d otherwise put on Instagram, Twitter or other services. Given that many of you read Searchblog for my trenchant commentary as opposed to my preferences in pinots, I promised you that I’d create new RSS feeds. Well, here they are!

You’ve got a lot of choices – Everything (all photos and posts), Everything But Photos, Headlines Only, and Photos Only.

Many thanks to the team at Blend for helping me make this happen.

Enjoy!



A journey through a water cleaning plant in Brazil
 

About an hour drive outside of the packed streets of Sao Paulo, Brazil, and into the sprawling Sorocaba region, GE has quietly been leading the way on clean water technology. There at GE’s Brazilian water filtration plant, the company develops mobile (containerized) water reverse osmosis machines, and also mixes chemicals in huge vats for water treatment applications, and cleans waste water in a large outdoor pit.

All of the above processes at the Sorocaba plant are used to clean water for industrial applications, not for human consumption. But similar principles could apply for cleaning drinking water. The type of industrial applications that GE commonly sells some of its clean water tech to include the sugar cane ethanol industry in Brazil, which uses processed water for cooling, pretreatment and for the ethanol mix itself.

GE’s Brazilian site manager Geraldo Menezes says that GE can assemble and ship the containerized mobile filter water device in days to industrial companies that have an urgent need to use clean water. GE’s customers rent the equipment on a weekly basis and GE has a handful of them ready to ship at all times to different parts of Latin America.

Reverse osmosis water cleaning works by pushing water through membranes at a high pressure, which captures all the contaminants, particles and salts from the water. The water that comes out of GE’s mobile unit is far too pure to drink, and would actually make you sick, says Menezes.

The one part of the tour I couldn’t take photos of was the chemical focused part of the plant, where the GE workers mix raw materials to make chemicals that can be used for water treatment. These types of chemicals could be used for ethanol production for cooling towers and the pretreatment process. Because the chemicals are flammable, cell phones and electronics are not allowed near them.

 
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Why consumers shouldn’t worry about the new solar tariffs
 

The federal government’s decision yesterday to slap fairly hefty tariffs on Chinese solar panels has prompted worries about a big rise in costs for consumers to go solar. But the impact will not likely be as significant for two reasons: any price increase will be absorbed along the way by everyone from manufacturers to installers, and the growing competition in the retail solar market will keep the cost to consumers in check.

The Department of Commerce’s decision determined that Chinese companies have indeed been selling products at below fair market prices, and the ruling addressed part of a broader trade complaint filed by SolarWorld and other manufacturers last October. To offset the impact of the below-market pricing, the commerce department reached a preliminary ruling to impose an import tariff of about 31 percent on solar cells from 61 Chinese manufacturers and nearly 250 percent for the rest.

It’s worth noting that the tariffs will affect only silicon solar cells made in China but not solar panels made in China with silicon solar cells from another country. Plus, the commerce department could modify the tariffs when it issues a final decision in October.

Paper tiger

The 250 percent tariff sounds scary, but the fact is the biggest Chinese solar companies such as Suntech Power, Trina Solar, Yingli Green Energy and Canadian Solar will face the 31 percent tariff. While that 31 percent tariff will likely raise the wholesale prices, there are ways to manage it.

For months Chinese manufactures have been brainstorming around ways to lessen the impact of any tariffs. They have been talking to solar cell makers in Taiwan about buying and shipping their cells to China or elsewhere to be assembled into panels. A company like Canadian Solar, for example, could buy Taiwanese solar cells and assemble them in its Canadian factory (most of the company’s manufacturing is in China, hence it’s considered a Chinese company) or hire a manufacturer in Korea. Chinese companies also could set up solar cell production outside of China.

Shyam Mehta, a senior analyst at GTM Research, estimated that hiring Taiwanese companies to make cells will increase production costs for Chinese companies by 6 percent to 12 percent, which “is meaningful but manageable.”

Solar installers

While manufacturers figure out their strategies, solar service providers – from companies that provide consumer financing to roofers who install solar panels – need to come up with plans to cope with higher solar panel prices. People in the solar retail sector, understandably, have strongly opposed the trade complaint. They contend that the solar market growth could slow if they have to pay more for solar panels.

Certainly, profits will shrink if costs increase. But that doesn’t mean retail service providers will raise their prices or raise by a whole lot. They will likely absorb the added costs and still make good money, especially by increasing the sales volumes (the solar market is hardly saturated). We are not talking about razor-thin margins that will be rendered non-existent by the tariffs.

For a while now, investors and solar retail service providers have talked about how they could deliver or receive very good (double digit) and long-term returns. We’ve seen banks and other types of investors such as Google putting up funds in hundreds of millions to finance leases and power purchase agreements, which are long-term contracts in which consumers pay a monthly fee for solar electricity instead of the high upfront cost of installing and owning solar panels. Consumers opt for these financing plans because they take away the hassles of doing research and picking equipment manufacturers, and because they are often promised lower utility bills. That promise of lower utility bills is a key selling point, and any solar retailer who took that away will lose a serious competitive edge.

Competition in the retail sector has intensified in recent years, and that, too, will make it difficult to raise prices and still compete effectively. Venture-backed startups such as Sungevity, SolarCity and Sunrun started in 2006 or 2007 and have expanded well beyond their home turf of California. Many more have shown up and some of them that first made their fortunes in a different business, such power company NRG Energy, home security company Vivint and roof installer PetersenDean. Consumers only benefit when they have more companies to choose from.

Lastly, solar panels don’t make up the bulk of the price of a solar electric system. In fact, they take up around 20 percent, and the rest comes from the costs of other components, sales and marketing, permits and labor. A bigger worry for installers has been these non-solar panel costs, particularly in permitting and marketing and sales. The average price for a residential system by the end of last year was just over $6 per watt (and less $5 per watt if a homeowner bought a system outright rather than doing a lease), GTM said, while the wholesale price for solar panels was near $1 per watt (it was $1 per watt when I caught up with Chinese solar panel makers at PV America West in March). UPDATE: Solar panel prices fell around 50 percent in 2011 while the average price for a residential system dropped 3.6 percent during that time.

The solar industry wants to show critics that solar electricity can be affordable and compete with power from fossil fuels and it deserves government subsidies to help reduce costs. To raise prices in a big way will only give ammunition to critics that solar is far from prime time. That’s one outcome everyone in the solar industry, regardless of which side they are on in the trade dispute, would hate to see.

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Kleiner Perkins closes $525M fund, makes changes
 

We reported last month that venture firm Kleiner Perkins has been working on closing its next fund, and both cleantech focused partners Ray Lane and Bill Joy are not listed as heading up investments for the new fund. Kleiner confirms those moves in an announcement on Thursday along with the fact that Kleiner has now closed its $525 million fund 15.

Fortune’s Dan Primack first reported last month that Kleiner has been making a transition in the partnership structure, including transitioning these two to focus on current investments, instead of leading new investments. Kleiner partner Brook Byers is also not named as a general partner on this new fund.

Kleiner notes that it will still be investing in cleantech in the new fund, but also points out that a further emphasis on digital will be made in the fund, and highlights new hires with expertise in mobile, social and cloud, including Mike Abbott, Bing Gordon and Mary Meeker. While Kleiner continues to say that it will still invest in cleantech, it seems like the firm isn’t placing the same emphasis on it as before.

There’s been a lack of successful cleantech exits for Kleiner to date to be sure. In recent weeks Luca Technologies pulled its IPO plans, and Silver Spring Network’s IPO has yet to come through. Electric car maker Fisker Automotive has continued to struggle for various reasons. Only solar inverter company Enphase Energy managed to make it out in March.

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Meet the newest battery saver: less accurate but still useful chips
 

The Rice chip that thinks it’s okay to be wrong.

Researchers at Rice University have built yet another prototype of their probabilistic chip that is faster, more energy-efficient and wrong. By sacrificing accuracy, the chip is 15 times more energy-efficient that normal chips and is well suited for applications like video and audio processing where the human eyes and ears can make up for the computer’s inexactitude. Rice expects the chip to be in the real world next year in hearing aids and soon in a low-power tablet aimed at the Indian education market.

The research, which I covered in 2009 when Rice began discussing the concept of “probabilistic computing,” has advanced beyond the design stage to a prototype, which puts it closer to reality. When I touched base with the Rice folks last year, they had hoped to build their prototype during the summer, and could better explain how the chip worked through what researchers called “pruning.”

The crux of the breakthrough is that if a chip doesn’t have to get the right answer every time, it can perform faster and use less energy. Software helps keep the chips wrong answers within a functional realm and helps sooth out the bumps that wrong answers cause. Much like any underachiever can tell you, sometimes you don’t have to get 100 percent —  90 percent or even 85 percent can be enough. And like a student debating on how much to study, the more accurate you want to be, the more energy you burn. From the Rice release:

“In the latest tests, we showed that pruning could cut energy demands 3.5 times with chips that deviated from the correct value by an average of 0.25 percent,” said study co-author Avinash Lingamneni, a Rice graduate student. “When we factored in size and speed gains, these chips were 7.5 times more efficient than regular chips. Chips that got wrong answers with a larger deviation of about 8 percent were up to 15 times more efficient.”

This comparison shows frames produced with video-processing software on traditional processing elements (left), inexact processing hardware with a relative error of 0.54 percent (middle) and with a relative error of 7.58 percent (right).

The end result is a hearing aid that could run about four or five times longer on one battery. But it doesn’t have to stop there. Rice plans to use this type of chip in a tablet destined for India’s schools and has a contract with the government to produce 50,000 of them over the next three years. Above is an example of how the errors distort but don’t render the image impossible to see. Given our Retina displays on the latest iPads and love of HD I’m not sure I’d want this on my tablet, but it would improve battery life.

The broad technique of sacrificing accuracy for better performance and lower power consumption shows promise in other areas as well. Startup Lyric Semiconductor is trying to use it to improve Flash density and power consumption, while even programmers are exploring ways to write code for massively multicore chips that sacrifice accuracy for performance. So perhaps after decades of striving for straight As, computing might want to relax and accept a few Bs.

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After Amazon, how many clouds do we need?
 

With news that Google and Microsoft plan to take on the Amazon Web Services monolith with infrastructure services of their own, you have to ask: How many clouds do we need?

This Google-Microsoft news broken this week by Derrick Harris,  proves to anyone who didn’t already realize it, that Amazon is the biggest cloud computing force (by far) and as such, wears a big fat target on its back. With the success of Amazon cloud services, which keep started out as plain vanilla infrastructure but have evolved to include workflow and storage gateways to enterprise data centers, Amazon’s got everyone — including big enterprise players like Microsoft, IBM and HP worried. Very worried.

These vendors are betting big that they can give Amazon a run for its money and that their cloud services will help them retain existing customers and (knock wood) win some newbies. Microsoft built Azure as a full-fledged platform as a service, but in the face of Amazon’s success had to tack to offer IaaS-type services, including VM Roles, which has been in beta for more than a year.

Amazon as enterprise apps platform? Don’t laugh

Take the news late this week that IBM is working with Ogilvy and Mather to move the advertising giant’s SAP implementation from its current hosted environment to  ”SmartCloud for SAP Applications hosted in IBM’s state-of-the-art, green Smarter Data Center.” (Note to IBM: brevity is beauty when it comes to branding.)

Don’t think that little tidbit is unrelated to last week’s announcement that SAP and Amazon together certified yet another SAP application — All-in-One — to run on Amazon’s EC2.  This sort of news validates Amazon as an enterprise-class cloud platform and that’s the last thing IBM or HP or Microsoft wants to see happen.  So every one of these players — plus Google — are taking aim at Amazon.

For some hardware players, including HP, which is reportedly about to cut 30,000 jobs see the cloud as a way to stay relevant, and oh by the way, keep customers workloads running on their hardware and software.  HP’s OpenStack-based public cloud went to public beta earlier this month.

Case in point: Along with the SAP migration news,  IBM also said its SmartCloud Enterprise+, IBM’s managed enterprise cloud infrastructure offers:

“unprecedented support for both x86 and P-Series [servers] running … Windows, Linux and AIX on top of either VMware or PowerVM hypervisors….

and

SCE+ is designed to support different workloads and associated technology platforms including a new System z shared environment that will be available in the U.S. and U.K. later this year.

Hmmm. P-Series and System Z —  not exactly the sort of commodity hardware that modern webscale cloud companies run, but they are integral to IBM’s well-being.

Vendor clouds to lock customers in

This illustrates what prospective buyers should know: Despite all the talk about openness and interoperability, a vendor’s cloud will be that vendor’s cloud. It represents a way to keep customers running that company’s hardware and software as long as possible. But legacy IT vendors are not alone in trying to keep customers on the farm.

Amazon is making its own offerings stickier so that the more higher-value services a customer uses, the harder it will be to move to another cloud.  As Amazon continues what one competitor calls its “Sherman’s march on Atlanta,” legacy IT vendors are building cloud services as fast as they can in hopes that they can keep their customers in-house. For them, there had better be demand for at least one more cloud.

Photo courtesy of Shutterstock user Ohmega1982,

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China finally gives blessing to Google’s Motorola buy
 

Google has finally received approval from China to complete its purchase of Motorola Mobility, Google said Saturday. That paves the way for Google to integrate Motorola, though it remains to be seen exactly how it wants to use the phone maker. The deal is expected to close in the next week.

Google made huge waves when it announced it was buying Motorola for $12.5 billion last August. After getting the U.S. Justice Department and EU approval in February, the process ground to a crawl as China took its time weighing in on the acquisition. Now, all eyes will be on how Google proceeds with its biggest purchase ever.

Android manufacturers have been nervous about Google giving Motorola an advantage. But Google may be taking some steps to try and allay those fears. The Wall Street Journal reported that Google was preparing to work with multiple manufacturers to launch the next version of Android, instead of picking one device maker. The report also said that Google would sell the devices directly through its Web site and through some unnamed retail partners. That would allow Google to take more control of the Android experience, something my colleague Kevin Tofel has urged Google to do.

While Google has been a leader with its Android smartphones, its operating system has not had as much success on tablets. The Motorola pick-up could be critical in helping improve that situation for Google, which is losing out on revenue on tablets because of the popularity of the iPad and Kindle Fire, which don’t provide as much direct revenue to Google.

Google still faces a big challenge in incorporating Motorola, while still keeping its other Android partners happy. And it has also got to show that the acquisition makes sense from a financial stand point. Motorola has struggled like many other Android makers in the face of Samsung, the leading Android manufacturer. At the very least, Google gets more than 17,000 patents, which should provide some more protection in the smartphone patent wars.

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The cost of losing a customer’s trust
 

MoneyPreserving consumer trust gets a lot of lip service. But a new report from the World Economic Forum actually attempts to translate its value into dollars and cents.

In a study on personal data released this week with the Boston Consulting Group, the report said that while online retail in the Group of 20 countries could reach $2 trillion by 2016, consumers’ perception of trust plays a significant role in enhancing or eroding that value. With more trust, online retail could grow to $2.5 trillion by 2016; with less, it could reach just $1.5 trillion by the same time, they said.

“Given that this $1 trillion range is from just one small part of the broader personal data ecosystem, it provides an indication of the magnitude of the potential economic impact when other sectors (health, financial services, etc.) are considered – potentially in the tens of trillions of dollars,” the report says. That ecosystem includes individuals, as well as data collectors, marketers, data brokers, publishers and other organizations with an interest in using personal information.

As our volume of digital “exhaust” grows (currently, 10 billion text messages and 1 billion blog and social network posts, according to the report), so does consumer concern around privacy. Just this week, (now public) Facebook was hit with a lawsuit over privacy and, over the past few years, regulatory investigations over privacy violations have climbed.

In this report – and a highly cited report on the topic last year – the World Economic Forum calls personal data “an emerging asset class.” But to really extract its value, the organization argues, public and private institutions need to rethink how they do business so that consumers get more protection, rights and opportunities to hold organizations accountable when it comes to their data.

For a data industry making billions of dollars from personal information ($2 billion from third-party consumer data alone, according to Forrester Research) that’s a tall order. But a handful of companies, from startups like Personal and Azigo to industry giants like Experian, are testing new business models that give consumers more ways to control – and, in some cases, receive compensation for – their data.

As Personal’s Shane Green told my colleague Ryan Kim  earlier this month, “A new model is emerging for personal data. You’ll want a simple, clear answer about what data companies are capturing about you, how they’re using it and what’s in it for me.”

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SpaceX launch scrubbed
 

The anticipated launch of the SpaceX rocket, slated for 4:55 a.m eastern time Saturday, was aborted at the last possible second.

The snafu almost immediately prompted questions as to whether the private sector is ready to take on the momentous challenges of a space program, although given the big NASA Space Shuttle disasters, that criticism seems a bit premature. SpaceX was co-founded and backed by tech entrepreneur Elon Musk who also co-founded PayPal and Tesla Motors.

But, proponents said this is a setback, not a disaster. Computer systems detected a combustion issue in one of the rocket’s nine engines and shut down the mission as the countdown hit zero.

“We aborted with purpose,” said SpaceX president Gwynne Shotwell according to AP reports. “It would be a failure if we were to have lifted off with an engine trending in this direction … The software did what it was supposed to do.”

Launch aborted: slightly high combustion chamber pressure on engine 5. Will adjust limits for countdown in a few days.—
Elon Musk (@elonmusk) May 19, 2012

As the U.S. dismantled the space shuttle program, eyes turned to the private sector for funding and know-how to continue space missions. SpaceX’s goal is to ferry cargo and eventually people to the International Space Station. To date such missions have only been accomplished by the U.S., Russia, Europe and Japan.

In the U.S. other companies pursuing some aspect of space travel include Blue Origin and Sierra Nevada. And then there’s Richard Branson’s Virgin Galactic, which plans to offer suborbital spaceflights as early as next year. The company is already booking reservations either directly or through its Accredited Space Agents at a mere $200,000 a pop.

Image courtesy of NASA TV

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Find Out How A Website is Tracking You
 

Ghostery is your window into the invisible web – tags, web bugs, pixels and beacons that are included on web pages in order to get an idea of your online behavior. Ghostery tracks the trackers and gives you a roll-call of the ad networks, behavioral data providers, web publishers, and other companies interested in your activity.

Available as extensions for Chrome, Internet Explorer, Firefox and Safari, Ghostery also lets you block the trackers it finds, and view the source of suspect scripts. Running it is quite an eye-opener, to say the least.

Really cool to see what websites are really running on your computer!

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Geek Out Your Status With httpstat.us
 

This is a super simple service for generating different HTTP codes. It’s useful for testing how your own scripts deal with varying responses. Just add the status code you want to the URL, like this: httpstat.us/200

Very handy with the geeky coding crowd… Or if you are a little teapot!

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Subsonic: The Free Media Streaming Tool
 

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Subsonic is a free, web-based media streamer, providing ubiquitous access to your music.

The streamer is cross-platform, free and open source, and will stream everything from MP3s to Shorten files. (Though you need to pay for the third party iPhone client apps, and donate to the project to unlock certain features.)

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