Here’s the latest action:

IPhone glitches may be fixed in September — A chip in the iPhone is being blamed for dropped calls and choppy web reception, according to BusinessWeek. The problems will hopefully be fixed next month with a software upgrade.

Netflix suffers shipping and distribution outage — The outage affects one-third of the movie rental service’s 8.4 million customers. Executives say they’re trying to figure out an appropriate refund or credit.

Open source movement scores court victory — A federal appeals court ruled that even if a software programmer gives away their code, they can still dictate how that code is distributed. The decision bolsters one of the key principles behind open source software and overturns a ruling that many open source licenses are too broad to carry legal weight.

Icahn allies appointed to Yahoo’s board of directors — The appointment of Frank Biondi, Jr. and John H. Chapple is part of the deal struck between Yahoo and investor Carl Icahn, who tried to swing the board his way after acquisition talks with Microsoft fell apart.

Analyst: The strengthening dollar will hurt tech companies — That’s because a weak dollar boosts the earnings of companies that sell their goods overseas in foreign currencies, but report their profits in U.S. dollars, says Bernstein Research analyst Toni Sacconaghi.

Confirmed: Lulu has acquired book search engine uGenie — The rumor started earlier this month after self-publishing company Lulu announced a partnership with uGenie, which is backed by Sierra Ventures and BlueRun Ventures. Now we have confirmation that the deal is real, although the price was not disclosed. UGenie’s founders have reportedly joined the Lulu team.

Judge keeps gag order intact in subway hacking case — A federal judge upheld the order that prevented MIT students from giving a presentation at DefCon on their research into security vulnerabilities in the Boston subway system.

AMD launches four new processors for the business server market
The processors are triple-core and quad-core.