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Cogent's good financial report
Company’s sales of $24.6 million and profit, excluding some costs, of 16 cents share exceeded the consensus forecast for $23 million and 9 cents, and profit more than doubled from the same period a year earlier
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Glaring gaps in network security, I
Specialists in penetration testing take six hours to hack the FBI; hacking the networks of Fortune 500 companies takes much less time; even companies which have been Sarbanes-Oxley compliant for several years have been hacked within twenty minutes, with the hackers taking control of the business; these hackers proved they could actively change general ledgers and do other critical tasks
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Precise Biometrics in SEK 2.3 million Middle East deal
Precise strengthens its already-strong position in Middle Eastern biometric markets by signing a contract to supply its200 MC combined fingerprint and smart card readers to an unnamed government
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Technology entrepreneurs head for "startup camp"
A new trend is afoot: camps for entrepreneurs; organizers and participants say that in these camps people to mix ideas more freely than traditional conferences
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Verizon, AT&T win DHS contracts
Verizon, AT&T win contracts worth nearly $1 billion to provide DHS with IP and security services as well as emergency communication services
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Texas group sues to stop border fence
Environmentalists and immigration rights advocates have been in the forefront of the fight against the U.S.-Mexico border fence project; now, a coalition of business owners and small towns along the border has joined the battle
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Tyco sells M/A-COM for $425 million
Tyco sells its radio frequency components and subsystem business to Cobham Defense Electronic Systems
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Intercell to acquire Iomai
Intercell will expand late stage product pipeline and strengthen position in vaccine market; immunostimulant vaccine patch enhances the immune response compared to injected pandemic influenza vaccines; if tests prove successful, it would have the effect of expanding limited vaccine supplies by allowing public health officials to use fewer or lower doses of the vaccine
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Intel International Science and Engineering Fair
In the past decade, Intel has invested $1 billion worldwide to improve education; today, Intel invests more than $100 million annually to promote education and technological literacy around the world
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U.S. wireless landascpe about to change
Clearwire, Sprint Nextel to form $14.55 billion wireless company which will deploy WiMAX networks across the United States; WiMAX’s speed dwarfs current wireless technologies, holding the potential of rendering cable and phone line Internet obsolete
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Partnership to produce sugarcane-based diesel
High corn prices have driven California-based biofuel specialist Amyris to join with a Brazilian company to produce sugarcane-based diesel
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Government scrapping virtual fence on Arizona-Mexico border
Boeing’s Project 28 — showcasing advanced technologies to be used in making U.S. borders more secure — was hobbled from the start by technological glitches and delays; it delivered much less than what was promised, and DHS decides to scrap it
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Business praises proposed foreign investment rules
The U.S. Treausry Department has proposed new rules to govern foreign investment in U.S. critical infrastructure assets; business and industry groups welcom new rules
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NTR invests in SES
Irish renewable energy company buys controlling interest in SES; SES is developing two of the world’s largest solar generating projects in the Imperial Valley and Mojave Desert
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Energía renovable en Aragón
Renewable energy in Spain: Iberdola Renewables, one of Spain’s largest alternative energy companies, forms a joint venture with an Aragón bank to develop clean energy installations in the Aragon region of northeastern Spain
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More headlines
The long view
U.S. Reliance on Chinese Drones: A Sector for the Next CHIPS Act?
More and more lawmakers from both parties are beginning to pay attention to the issue of drones and national security. Different bills seek to regulate federal agency procurement and use of certain foreign-made unmanned aircraft systems (UASs), or drones. Annie I. Antón and Olivia C. Mauger write that “Building on the bipartisan consensus to enact the 2022 Creating Helpful Incentives to Produce Semiconductors and Science (CHIPS) Act, there is a compelling case that UASs should be a next sector for similar action.”
PEGA Committee Votes on Spyware Recommendations
In July 2021, the Pegasus Project—a consortium of 80 journalists from 17 media organizations in 10 countries—broke the story that several governments were using the Israel-made Pegasus spyware against journalists, activists, politicians, academics, and even heads of state. Responding to the public backlash, the European Parliament set up a committee of inquiry (PEGA committee) to investigate the allegations concerning misuse of spyware on the continent.
Using AI to Find Rare Minerals
A machine learning model can predict the locations of minerals on Earth—and potentially other planets—by taking advantage of patterns in mineral associations.