28th August 2011 Archive

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Fairfax set to IPO auction site

Trade Me set to get traded

Fairfax Media has confirmed that it is selling up to 35 percent of its stake in New Zealand online auction site Trade Me. The media giant says it intendes to launch an IPO on the New Zealand stock exchange and possible the ASX, subject to financial market conditions. Should the public offer take place Trade Me would emerge as …

Business 28 Aug 2011, 22:24
Facebook Deals dumped

Back to Groupon for tightwad suckers

After its four-month test, Facebook has decided that whatever form its entry into the “local deals” market takes, it won’t look like Facebook Deals, which will be shuttered in the coming weeks. Deals sites, in which businesses tip money into the pockets of middlemen so they can offer notional discounts for Brazilian waxes, are …

Business 28 Aug 2011, 22:25
Worm spreads via RDP

‘Morto’ drives Port 3389 traffic spike

It’s retro day in the world of Internet security, with an Internet worm dubbed “Morto” spreading via the Windows Remote Desktop Protocol (RDP). F-Secure is reporting that the worm is behind a spike in traffic on Port 3389/TCP. Once it’s entered a network, the worm starts scanning for machines that have RDP enabled. Vulnerable …

Security 28 Aug 2011, 22:55
Apple vs. Samsung: next round today

Oz Federal Court readies blue, red corners

The next round of Apple vs. Samsung in Australia is due to take place this morning (August 29), Sydney time, with a directions hearing before Justice Bennett of the Federal Court of Australia at 9.15am. Don’t get too excited, however: a directions hearing is a merely procedural matter, in which the court indicates to the …

Business 28 Aug 2011, 23:00
Quickflix poaches Telstra’s IPTV content architect

Telstra execs in leadership ranks

Australian IPTV aspirant Quickflix has poached another pivotal Telstra content executive to bolster its leadership team. Andrew Lambert, Telstra Media’s GM, business development and content acquisition, left the carrier on Friday to take the newly created role of executive VP at Quickflix. A Quickflix company spokesperson …

Business 28 Aug 2011, 23:30