UBS says Nasdaq's Facebook compensation plan inadequate

The $62 million compensation plan proposed by Nasdaq OMX Group for fallout from Facebook's botched IPO is "inadequate to address the magnitude of Nasdaq's unprecedented failures", UBS Securities LLC said in a letter to U.S. regulators.

UBS Securities, an arm of Swiss bank UBS AG, said it lost over $350 million when Nasdaq technical malfunctions led to a delay in order confirmations during the $16 billion May 18 IPO, causing UBS's systems to re-enter orders multiple times and leaving it with a huge position of unwanted stock.

Read More

Facebook co-founder Moskovitz sold stock post lockup

Facebook Inc co-founder Dustin Moskovitz sold 450,000 Class A shares over the past three days, his second such sale since last Friday, becoming the latest insider to sell shares following the end of the lockup, according to a regulatory filing late on Friday evening.

Moskovitz, who was Facebook's first chief technology officer, sold the shares in three batches of 150,000 shares each beginning on Wednesday, raising more than $8.7 million.

Read More

Apple patent victory boosts Microsoft as Asian vendors scramble

Apple Inc's decisive triumph over Samsung Electronics in the most closely watched patent trial in years could open the door for Microsoft Corp to finally hop on board the mobile boom as manufacturers of Android-based smartphones and tablets weigh their legal risks.

Microsoft sounded a challenge to Apple and Samsung in July when it took the wraps off its Surface tablet, a showcase for the revamped Windows software that it hopes will pave the way for its entry into the mobile space.

Read More

Samsung Galaxy R receives Android 4.0 update

Back in May, Samsung India had confirmed on its Facebook page that the Galaxy R will be getting the Android 4.0 update "very soon".

Well, it's been three months since but it seems now that the update is finally ready to roll out. One lucky user in Sweden managed to get his phone updated to the (not-so-latest) version of Android after he received it from the service station.

Read More

Sony Xperia P Ice Cream Sandwich update rolling out now

The long awaited ICS update for the Xperia P has finally arrived. Besides the improved functionality brought by the latest Android build, Sony has added several of its own optimizations, including new media apps for your music and movies.

Some other highlights include:

Read More

Microsoft and Nokia to hold joint press event on September 5

In a rather bold statement, Nokia's executive VP of sales and marketing has called out Samsung directly in anticipation of Nokia and Microsoft's press event scheduled for September 5th during Nokia World.

Samsung take note, next generation Lumia coming soon. #nokiaThu Aug 16 04:00:57 via webChris Weber
CWeberatNokia

Just as expected, Nokia World will be the venue of choice for Nokia and Microsoft to unveil the first Lumia devices running on Windows Phone 8.

Read More

Official Jelly Bean ROM for Samsung Galaxy S III I9300 leaks

Another proof that Samsung is hard at work on the Android 4.1 Jelly Bean update for its Galaxy S III flagship has emerged. An official Samsung Jelly Bean 4.1.1 ROM for the I9300 has surfaced in a ten-minute long video, thus showing us what the TouchWiz-ed version of Google's OS looks like.

Here's the video itself.

Read More

Google evidently working on Play Store gift cards and wishlist

Google recently started seeding the latest v3.8.15 update to the Play Store app to Android devices. While on the surface the app seems to bring just minor UI changes, the file size was too great for such a minor change.

The super sleuths at Android Police smelled something fishy, so they ripped open the APK file (which you can download here) to see what secrets it hid. And hide secrets, it did.

Read More