A research analyst and a former executive who revealed insider information about Apple’s sales have both been charged, reports Reuters. Analyst John Kinnucan on Friday was charged with two counts of securities fraud, two counts of conspiracy and one count of insider trading from a civil case filed by the U.S. Securities and Exchange Commission. Between 2008 and 2010, Kinnucan allegedly paid insiders with cash, trips and other incentives for inside information regarding Apple. Kinnnucan then sold the information to hedge funds for hundreds of thousands of dollars. Separately, former SanDisk executive Don Barnetson pleaded guilty to one count of conspiracy to commit wire fraud and securities fraud. “I conspired with a consultant to provide confidential information with respect to my employer at the time, SanDisk Corp,” Barnetson said. Barnetson could faces up to five years in prison but could get leniency for his “substantial cooperation.” Kinnucan could faces up to 20 years in prison on each of the securities fraud counts and one of the conspiracy counts, and up to five years on the other conspiracy count. More →
To those with HD camcorders that record to SD cards, prepare to rejoice. SanDisk has announced it is now shipping its new line of SD media cards, the Ultra SDXC, complete with 64 gigabytes of storage capacity. The new XC line of SD cards, which is said to be able to grow to 2 TB — yes, terabytes — of storage, boasts a 15 MB/sec throughput rate and can store up to 9 hours of HD video. SanDisk’s SDXC cards are based on the SD 3.0 specifications for maximum compatibility, and use the exFAT file system. Canon has already publicly said that all of its future VIXIA camcorders and PowerShot cameras will be compatible with the newer, more potent XC cards. We have SanDisk’s official press release queued up for you after the break.
[Via PocketLint] More →
In a move to counteract its steadily declining subscriber base and sinking financial situation, Sprint is seemingly looking to open up its network to more non-traditional mobile devices. Sprint is already host to the Amazon Kindle Whispernet service, which provides wireless delivery of eBooks to the popular eReader and serves to distinguish the Kindle from its competition. The carrier also has an agreement with Ford that will outfit select 2009 truck models with cellular data connectivity. In an attempt to expand beyond the Whispernet and Ford offerings, Sprint is reportedly in talks with companies like Garmin, Eastman Kodak and SanDisk about adding EV-DO and presumably WiMax capability to what are traditionally non-wireless devices. If consumers are not interested in Sprint’s network, it only makes sense that Sprint would try to woo consumer electronics powerhouses into using its wireless network. How many people would jump all over a point and shoot camera or an HD pocket camcorder like the Zi6 that could wirelessly upload photos or videos instantaneously? In this age of instant communication and voyeurism, we would guess a lot! In any event, we like this play by Sprint a lot — big commercial contracts mean big revenue that won’t be jumping ship in droves every time an admin fee changes and the ETF is waived…
It looks like the much anticipated 16GB microSD card is now available from SanDisk, but they haven’t started advertising it at all. Finally you can have all that space to waste on any smartphone that will support that capacity, and hey, the cost isn’t so bad either. These little buggers will run about $60 – 80 on most sites and that’s a damn good deal, just don’t lose the thing! Expect to see these everywhere soon with a formal announcement from SanDisk themselves.
Say goodbye to those jewel-cased CDs and say hello to music-filled microSDs. Universal Music Group, SONY BMG, Warner Music Group, and EMI Music in conjunction with Sandisk, have announced a new audio distribution platform called “slotMusic”. With slotMusic, you will be able to buy a microSD card filled with DRM-free, 320Kbps MP3 files. No DRM means that the music can be played on any system that has a microSD slot. They are even bundle with a USB reader so you can use it on your desktop, laptop or any other device that has a USB port. So far Best Buy and Walmart have agreed to sell the new slotMusic cards which are expected to arrive in time for the upcoming holiday season. It almost seems too easy to have been put together by the record labels. Nonetheless, we applaud their move to a distribution platform that removes DRM and lets us listen to our music where we want, when we want and on whichever device we want. We only wish they would use something a bit bigger than those “easy-to-lose” microSD cards. We bet that many phones on eBay will accidentally come with an unexpected bonus slotMusic card installed. Chime in and let us know what you think of this new audio format. Any chance it might keep you away from Pirate Bay?
Samsung was recently jilted by SanDisk, one of our favorite SD card and flash storage manufacturers, in a takeover attempt. SanDisk turned down nearly $6 billion from Samsung saying that it wasn’t really adequate – in many respects. It seems SanDisk doesn’t have any self-esteem issues there. Samsung has offered a $26-per-share cash sum but it doesn’t look like it’s enticing enough for the folks at SanDisk. Samsung CEO Yoon-Woo Lee says that SanDisk “continues to cling to unrealistic expectations on both its standalone market value and an appropriate merger price.” Is that an accurate assessment or words born out of rejection?
With the economy turning more sour by the second, was it really wise for SanDisk to turn down the offer from the electronics giant? What do you think? All we know is that we need that 16GB microSD jump off fast!