Roundup: Anti-piracy law under attack, SEC goes after Mark Cuban and more
Here’s the latest action:
Harvard professor attacks music industry law — Harvard Law School professor Charles Nesson will attempt to overturn the Digital Theft Deterrence and Copyright Damages Improvement Act of 1999 by arguing that it unconstitutionally allows a private group to carry out civil enforcement of a criminal law by fining alleged music pirates.
SEC charges Mark Cuban with insider trading — Cuban is accused of dumping shares of Mamma.com shortly after learning that the company would raise more money, thus dropping its stock price.
A new kind of supercomputer — A computing pioneer named Steven Wallach has invented a new machine called the Convey Computer that may offer another avenue for high-end computing needs.
Citi axes 53,000 positions — Banks continue their slide, with massive layoffs at Citigroup.
Ultra-wideband firm Wisar lays off 30 — The wireless USB maker, which earlier this year raised $24 million, says its market has developed more slowly than anticipated.
Rupert Murdoch: Newspapers ready for a rebirth — There has been no loss in the business of “delivering accurate news and information in a cheap and timely way,” the media mogul said on an ABC Radio National lecture.
EMC starts Decho, cloud computing outfit — Decho will be a subsidiary of the IT giant, offering online storage for files for business and personal users.
Yellow Pages in their death throes — The business of directories, both offline and on, may be ready to collapse under the strain of recession.
Boom-era CEO sentenced for stock fraud — Way back in 2001, the CEO of a company called PurchasePro fraudulently inflated revenues. He just got nine years in prison.
LocalMatters withdraws its IPO — The new media publishing company gave up on plans for a $57.5 million IPO, citing, what else, market conditions.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.