Hewlett-Packard faces $1bn lawsuit! Lost $3bn market value in a single day!!

Hewlett-Packard faces $1bn lawsuit! Lost $3bn market value in a single day!!

Hewlett-Packard tried to pull out of its $11bn takeover of British software firm Autonomy before the deal closed, according to claims in a $1bn shareholder lawsuit brought against the US computer maker.

HP’s chief executive Meg Whitman, her predecessor Léo Apotheker, the company’s former chairman Ray Lane and Autonomy founder Mike Lynch are among eight defendants named in the class action suit, filed at California’s San Francisco district court, which accuses those who oversaw the botched deal of conducting “cursory due diligence on a polluted and vastly overvalued asset”.

Whitman and Lane – who resigned as chairman in April after a shareholder revolt – are accused of ignoring damaging evidence from whistleblowers and hiding their full concerns about the Autonomy deal.

They allegedly employed “devices, schemes and artifices to defraud” shareholders into buying the stock, before eventually admitting HP had overpaid in November 2012.

The revelation of an $8.8bn writedown of HP’s book value, related to the Autonomy purchase, which came over a year after the acquisition was completed, wiped more than $3bn from the US company’s market value in a single day.

Millions hit by biggest ever internet slowdown as cyber-hackers drop 'nuclear bomb'

Millions hit by biggest ever internet slowdown as cyber-hackers drop 'nuclear bomb'

SpamHaus group under attack from cyber-vandals in Geneva
But other unconnected sites across the world have been caught in attack
Now, emails have slowed down as a result, expert claims


A bitter feud between two online companies has triggered the ‘biggest cyber attack in history’, slowing down internet services for millions across the world.

The row, between a group which aims to block unwanted emails known as ‘spam’ and a firm accused of sending them, has disrupted internet traffic on a global scale.

Five national cyber-police forces are understood to be investigating the attack, which is so large that experts believe personal banking and email services will soon be affected.

Millions of web users have so far experienced disruption to popular services such as film and TV site Netflix, along with longer than usual delays in loading websites.



The problems began when spam-fighting company Spamhaus – a not-for-profit group that aims to help block unwanted junk emails – black-listed Dutch company Cyberbunker earlier this month.
Cyberbunker is what is known as a hosting company, meaning it allows organisations to make their websites accessible on the internet by providing space on a server. 
The company’s website says it will host anything ‘except child porn and anything related to terrorism’.
Spamhaus, which has offices in London and Geneva, keeps a database of web servers which are known to be used for malicious purposes, such as sending spam mail for bogus products – such as fake weight-loss pills or Viagra – and earlier this month added Cyberbunker.
Spamhaus claims Cyberbunker has launched a huge ‘denial of service’ (DDoS) attack in retaliation by flooding its servers with internet traffic. 
This is like jamming a mailbox with hundreds of letters at the same time.
Professor Alan Woodward, a cyber security expert at the University of Surrey, explained: ‘If you imagine it as a motorway, attacks try to put enough traffic on there to clog up the on and off ramps.
‘With this attack, there’s so much traffic it’s clogging up the motorway itself.’ 
Matthew Prince, chief executive of internet security firm CloudFare, likened the move to a ‘nuclear bomb’, adding: ‘It’s so easy to cause so much damage.’

David Emm, a senior security researcher with anti-virus firm Kaspersky Labs, said the attack was slowing down the whole internet, adding: ‘It’s like if someone wanted to flood my letterbox with junk mail it would all have to go through the delivery office and that would have an effect on the delivery of other people’s letters.
‘If the mail is coming from all over the place it will have some impact on the wider delivery.’

Steve Linford, chief executive of Spamhaus, told the BBC the scale of the attack was unprecedented and powerful enough to bring down the Government’s computer system.


Mr Linford said he could not disclose more details as there were fears those involved may also come under attack. 

He added that several companies, such as Google, had made their resources available to help absorb the excess traffic.

Sven Olaf Kamphuis, who claims to be a spokesman for Cyberbunker, said in an online message that Spamhaus was abusing its position and should not be allowed to decide ‘what goes and does not go on the internet’.

He added: ‘We are aware that this is one of the largest DDoS attacks the world had publicly seen.’
Experts say such attacks are growing in power and are now six times larger than recent ones against American banks.

The Samsung Series 9 Ultrabook is out for sale! Makes Top Ultrabook Even Better!!

The Samsung Series 9 Ultrabook is out for sale! Makes Top Ultrabook Even Better!!

The Samsung Series 9 Ultrabook is a great example of an Ultrabook laptop — extremely thin, good performance and very sleek — but it’s been surpassed by other machines (such as the Microsoft Surface Pro) that boast full HD screens.

Now the Series 9 is catching up.

Samsung is upgrading the Series 9′s 13.3-inch screen to 1080p resolution (1,920 x 1,080), up from 1,600 x 900. With the extra pixels, users will be able to see more detail in photos, and HD videos will render at full resolution.

But, There is One catch: The Series 9 still doesn’t support touch, which will be more than a little disappointing for Windows 8 users.

Touch was likely omitted because it would require rethinking the best thing about the Series 9: its thin design. The form factor is still a remarkable 0.51 inch thick (the MacBook Air is 0.68 inch), and it weighs just 2.56 pounds.

The laptop ships with Windows 8 Pro, and it’s powered by an Intel Core i7 processor (up from i5) and 4GB of RAM (though you can add more when you buy it). Storage goes up to 256GB of solid-state memory. Battery life is rated at 8 hours.

The old Series 9 Ultrabook last year were suitably impressed that Samsung packed such a well-performing laptop into an lightweight design. With the better processor and increased resolution, the new Series 9 now more in line with today’s top ultra-thin designs.

The new Series 9 certainly has the price to match that status: $1,899.99 (for 4GB of RAM and 256GB of storage).

Whether or not that’s worth it depends on how much you value mobility, and whether or not you can live without touch for the next couple of years.

In addition to upgrading the Series 9, Samsung is also adding the option of 4G LTE capability to its ATIV Smart PC Pro 700T, its hybrid model that “transforms” from PC to tablet by removing the keyboard. That model starts at $1,599.99.

10 Best Free Proxy Websites to access Restricted Content on Internet

10 Best Free Proxy Websites to access Restricted Content on Internet

When you want to surf a website from a place where it's banned or you are not allowed to open it, the simplest way to reach out to that website is through a Proxy Server. There are thousands of Websites offering Proxy services as well as tools. Proxy Websites are the best way to bypass the restrictions and open the prohibited Websites.

Proxy Services are also popular for Anonymous Surfing, to bypass security, speed up access to resources etc. There are many websites claiming to be the best Proxy Services, but they are not.


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