SONY dumps its PC biz -- TWITTER rocked by slow user growth -- Everybody loves INDIAN CEOs -- AOL saw $157M in Q4, from DIAL-UP

 

February 6, 2014 06:00 PST | 09:00 EST | 14:00 UTC

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>> DRIVING THE DAY: Sony sells its VAIO PC business, is splitting TV arm into a separate company, by Mat Smith: "Amid reforming its TV arm (and splitting it into a standalone entity by June 2014), it's going to sell its PC business and VAIO brand to Japan Industrial Partners (JIP), with the final deal set to be done by the end of March 2014... The company says it's no longer designing and developing PC products, while manufacturing and sales will wrap up after the company's final VAIO range goes on sale globally." Engadget

> Sony to dump PC business, revamp TV business and cut 5,000 jobs Re/code

> Steve Jobs wanted Sony VAIOs to run OS X The Verge

> PS4, smartphones power Sony to profit during 4Q 2013 PCWorld

>> FAILWHALE BACK: Twitter crushes with Q4 revenue of $242.7M, but shows slow user growth to 241M actives, by Alex Wilhelm: "Mobile advertising revenues constituted 75 percent of its total advertising revenue. Twitter is essentially a completely mobile company from that perspective... This was a very strong quarter for Twitter financially, showing profit in the face of expected loss, and strong revenue growth on both an expectation and quarter over quarter basis. However, user growth appears to be slower than expected. That appears to be dragging the stock down in after hours trading." TechCrunch

> Twitter shares fall on weaker user growth WaPo

> Twitter plays defense in first earnings call Fortune

> Twitter's got a growth problem, but it's bringing in ad dollars TechHive

> Twitter opens its data to researchers and academics with new Data Grants initiative TNW

>> BIG PICTURE: Why Microsoft and everyone else loves Indian CEOs, by Leonid Bershidsky: "Yet there must be a reason why so many Indians, and not, say, Brazilians, Russians or Chinese, have made stellar corporate careers. The answer might be found in studies of the Indian management culture.... According to research from St. Gallen University in Switzerland, Indian executives are inclined toward participative management and building meaningful relationships with subordinates. 'The leadership style traditionally employed in India fostered an emotional bond between superiors and subordinates,' the 2004 study said. 'The feeling that the company genuinely cares for its employees, provided a strong bond of loyalty that went beyond financial rewards.'" Bloomberg View

>> LIKELY SUSPECT: Target hackers broke in via HVAC company, by Brian Krebs: "The attackers first broke into the retailer's network on Nov. 15, 2013 using network credentials stolen from Fazio Mechanical Services, a Sharpsburg, Penn.-based provider of refrigeration and HVAC systems... It's not immediately clear why Target would have given an HVAC company external network access, or why that access would not be cordoned off from Target's payment system network. But according to a cybersecurity expert at a large retailer... it is common for large retail operations to have a team that routinely monitors energy consumption and temperatures in stores to save on costs… Target could be facing losses of up to $420 million as a result of this breach." Krebs on Security

> One in three victims of Target card breach could face fraud InfoWorld

> Target, Neiman Marcus executives defend security practices PCWorld >> DEATH BY TROLL: Apple joins Google in pressing Supreme Court to curb patent abuse, by Greg Stoh, Susan Decker: "Apple and Google, saying they're tired of being slapped with frivolous patent suits that cost millions of dollars in legal fees, are asking the U.S. Supreme Court to let them hit back. The technology companies are leading a group of firms urging the court to make it easier to collect attorneys' fees from patent-holders who lose infringement suits. In two cases to be argued this month, the justices for the first time will consider the rules that govern fee awards in patent litigation... Each has been sued more than 190 times in the past five years by 'patent-assertion entities,' companies that get most of their revenue from patent licensing and enforcement." Bloomberg

> Apple faces $2 billion damages claim in Mannheim over wireless patents Foss Patents
> Showdown between Google and patent troll Intellectual Ventures ends in mistrial GigaOM

>> ALL YOUR BASE: Possible Belarus connection prompts probe of Healthcare.gov, by Jaikumar Vijayan: "The U.S. Department of Health and Human Services launched a security probe of Healthcare.gov after a U.S. intelligence unit last week warned that portions of the Affordable Care Act website was built by software developers linked to the Belarus government... Caitlin Hayden, a spokeswoman for the White House National Security Council, Tuesday confirmed that the intelligence unit had released the report last week. She added that the report has since been recalled, but didn't elaborate... 'So far HHS has found no indications that any software was developed in Belarus. However, as a matter of due diligence, they will continue to review the supply chain. Supply chain risk is real and it is one of our top concerns in the area of cybersecurity.'" Computerworld

>> SUPPLY AND DEMAND: Flextronics spins off startup to put Supply Chain software in the cloud, by Deborah Gage: "Using software to track the movements of goods through global supply chains is one of the last areas to move to the cloud. The task is daunting-supply chains continue to get more complicated and now need to function in real or near-real time... [Singapore based] Flextronics has spun off a software startup, and that company, Elementum, has raised $44 million to help companies track their supply chains in real time." Wall Street Journal

>> Gates spends entire first day back in office trying to install Windows 8.1 The New Yorker/Borowitz Report

>> Windows 8.1 Update 1 now looking like April ZDNet

>> Cisco: The U.S. officially enters the gigabyte era of mobile data consumption GigaOM

>> Two of venture capital's senior women start a new firm New York Times Bits

>> A venture capitalist is betting a pair of socks (and $50 million) on bitcoin's future NPR Planet Money

>> Business intelligence SaaS company Domo raises $125M from TPG, Salesforce at an $825M valuation TechCrunch

>> AOL's Q4 revenue grows To $679M but earnings per share of $0.43 fall short of estimates TechCrunch

>> Pandora falls after hours on weak 2014 revenue guidance despite strong Q4 EPS of $0.11 TechCrunch

>> Son, it's time we talk about where start-ups come from McSweeney

>> Amazon's iPhone app uses image recognition to 'see' real-world products you want to buy Time

>> Kansas teen uses 3-D printer to make hand for boy The Kansas City Star

>> Mozilla and EverythingMe preview 'Firefox Launcher,' an Android homescreen that fights app overload TechCrunch

>> Movirtu turns your tablet and laptop into a mobile phone InfoWorld

>> Visitors to Sochi Olympics should expect to be hacked (video) Engadget

>> New York Police Department is beta-testing Google Glass VentureBeat

>> Starbucks hits $1B in mobile payment revenues in 2013, analysis says Computerworld

>> Apple yanks world's most popular bitcoin wallet from App Store Wired

>> BITCOIN: $858 Mt.Gox

>> TWEET O' THE DAY: "I have young James Spader days and I have old James Spader days. We all do." @mrdavehill

FEED ME, SEYMOUR: Comments? Questions? Tips? Shoot mail to Trent or Woody. Follow @gegax or @woodyleonhard.

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