Xerox Plans to Take HP Buyout Bid Directly to Shareholders

Xerox Plans to Take HP Buyout Bid Directly to Shareholders

Business
HP has said that under Xerox's proposed terms, the combined company would be saddled with "outsized debt". Xerox said on Tuesday it was planning to take its $33.5 billion (roughly Rs. 2,40,000 crores) buyout bid directly to HP shareholders after the personal computer maker refused to open its books for due diligence before a deadline. HP on Sunday rejected Xerox's $22 (roughly Rs. 1,570) per share offer that consists of $17 in cash and 0.137 Xerox share for each HP share, saying the offer "significantly undervalues HP". The computer maker also accused Xerox of using aggressive words and actions to force a potential combination on opportunistic terms and without providing adequate information. "We plan to engage directly with HP shareholders to solicit their support in urging the HP Board to do the…
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5 things you need to know in SA business today and the 10 best books of 2019 so far, according to Amazon

5 things you need to know in SA business today and the 10 best books of 2019 so far, according to Amazon

Business
1. South Africa avoided a second recession in two years, with the economy growing by 3.1% in the three months to end-June, according to Stats SA. This is much stronger than expected: A Reuters poll of economists had forecast growth of 2.4%. The mining sector rebounded with growth of 14.4% - contributing a full 1.0 percentage point to GDP growth. This was thanks to the end of strikes at gold mines, but also due to a major rally in metal prices. Gold is currently trading at its highest level in six years, while platinum jumped from below $800/oz in June to above $930 currently. The rand rallied almost a percent to R15.10/$. 2. The Nigerian government is taking action against South Africa amid  xenophobic attacks in Gauteng. Nigerian President Muhammadu…
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SUPER SNOOPER -Is Facebook listening to you? We reveal the truth – and how to stay safe

SUPER SNOOPER -Is Facebook listening to you? We reveal the truth – and how to stay safe

InformationTechnology
SUPER SNOOPER Is Facebook listening to you? We reveal the truth – and how to stay safe If you're feeling paranoid, you're not alone – but are you crazy? RECKON Facebook is snooping on your private conversations? Countless users say their phone's microphone has been hijacked by Facebook to target ads. If you've ever been paranoid that Facebook is listening to you, you'll want to read our guide on mysterious Facebook voice snooping.   Some users are convinced billionaire Facebook boss Mark Zuckerberg is snooping on their real-world conversations Credit: Josh Edelson / AFP Why do people think Facebook is listening to us? There's been endless debate about this online for years. Many Facebook users say they've spoken about something out loud, only for adverts to appear on the app…
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3D Pens – Amazing Things One Can Achieve with it.

3D Pens – Amazing Things One Can Achieve with it.

Graphics
The Amazing Things One Can Achieve With A 3D Pen There are many artists in the world and the majority love experimenting with new mediums. Some oil painters will eventually delve into acrylics and possibly even water colors. These mediums are thousands of years old and have managed to withstand the test of time. Those looking for a more futuristic way to ply their trade should consider the 3D printing pen. This innovative pen will provide the artist with the ability to create 3D works quickly, conveniently and affordably. While it will take a little bit of time to master, the user will be able to create an abundance of unique items with their 3D pen. Some of the amazing things that one can achieve with one of these utensils…
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How These Balloons Brought Emergency Cell Service to Peru After an 8.0 Magnitude Earthquake

InformationTechnology
Loon has helped over 20,000 people connect with each other following a recent quake. Over the weekend, a powerful 8.0 earthquake struck Peru and neighboring Ecuador. The quake—felt in rural areas and major population centers like Lima, Quito, and even Caracas, Venezuela—killed one person, injured 18 between the countries, and damaged numerous buildings. But the disaster, which was Peru's strongest earthquake in over a decade, had one notable difference from others: Within 48 hours, people in affected regions had working cell phones. Loon, a company owned by Alphabet, deployed its signature LTE balloons, which were able to provide service amidst a broken network. By sheer chance, Loon was testing its balloons in nearby Puerto Rico. The company worked with both the Peruvian government and cell service provider Telefonica to establish…
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iPhone 8 provides lift-off for Welsh tech company IQE

iPhone 8 provides lift-off for Welsh tech company IQE

technology
iPhone 8 provides lift-off for Welsh tech company IQE     The successor to last year's iPhone is expected to feature a 3D sensor Credit: Reuters James Titcomb 5 August 2017 • 7:45pm A little-known Welsh manufacturer is tipped to be at the centre of the next iPhone’s breakthrough 3D-tracking technology. IQE, based in Cardiff, makes the special materials that are found in laser ­diodes, which are widely expected to feature in the new Apple handset. The technology will allow the new iPhone 8, expected to be unveiled next month, to instantly scan its environment to create virtual 3D models of the world around it. The feature is likely to be one of its big selling points, allowing owners to unlock their phone using ­facial recognition. IQE, which is listed…
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Bail of $30,000 set for UK cyber expert Marcus Hutchins

Bail of $30,000 set for UK cyber expert Marcus Hutchins

Malware
Bail of $30,000 set for UK cyber expert Marcus Hutchins 5 August 2017 From the section Technology Image caption Marcus Hutchins wanted to remain anonymous after the WannaCry outbreak, but his identity was revealed US prosecutors say a British computer expert has admitted to creating software that harvests bank details. But Marcus Hutchins' own lawyer says he denies six charges of creating and distributing the Kronos malware. The 23-year-old from Ilfracombe, Devon, who helped stall the WannaCry cyber-attack which hit the NHS, was arrested on Wednesday in Las Vegas. He was granted $30,000 (£23,000) bail, but will spend the weekend in prison after not being able to pay on Friday. As he left the courtroom Mr Hutchins was ordered to walk with his hands behind his back but he was…
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Briton who stopped WannaCry attack arrested over separate malware claims

Briton who stopped WannaCry attack arrested over separate malware claims

security
Marcus Hutchins arrested over his alleged role in creating Kronos malware targeting bank accounts Marcus Hutchins at his workstation in Ilfracombe, England. He was arrested in Las Vegas after attending an annual hacking conference. Photograph: Frank Augstein/AP Marcus Hutchins, the 23-year-old British security researcher who was credited with stopping the WannaCry outbreak in its tracks by discovering a hidden “kill switch” for the malware, has been arrested by the FBI over his alleged involvement in separate malicious software targeting bank accounts. According to an indictment released by the US Department of Justice on Thursday, Hutchins is accused of having helped to create, spread and maintain the banking trojan Kronos between 2014 and 2015. The Kronos malware was spread through emails with malicious attachments such as compromised Microsoft Word documents, and…
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August 1st And The End Of Bitcoin?

August 1st And The End Of Bitcoin?

Bitcoin
Summary Under Bitcoin Improvement Proposal (BIP) 148, Bitcoin will be undergoing a user activated soft fork on August 1, 2017. There are three possible outcomes of the soft fork, although the exact outcome is unknown as the outcome will depend on the actions of the nodes on the network. In a worst case scenario, BIP 148 could cause Bitcoin to chain split into two separate blockchains, one with SegWit activated and one without. Before we get started, let me try and define some very important terms, which I hope will make it easier for me to fully convey what exactly is going to happen on August 1st. Hard Fork - A hard fork is a permanent divergence in the blockchain, that occurs when non-upgraded nodes can't validate blocks created by…
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Botnets of Things

Botnets of Things

InformationTechnology
The relentless push to add connectivity to home gadgets is creating dangerous side effects that figure to get even worse. Botnets have existed for at least a decade. As early as 2000, hackers were breaking into computers over the Internet and controlling them en masse from centralized systems. Among other things, the hackers used the combined computing power of these botnets to launch distributed denial-of-service attacks, which flood websites with traffic to take them down. But now the problem is getting worse, thanks to a flood of cheap webcams, digital video recorders, and other gadgets in the “Internet of things.” Because these devices typically have little or no security, hackers can take them over with little effort. And that makes it easier than ever to build huge botnets that take…
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