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Tuesday, 17 May 2011

Tencent And Expedia Invest $126 Million In Chinese Online Travel Marketplace eLong

Chinese internet giant Tencent and U.S. travel bookings company Expedia have invested in Chinese travel site eLong, totaling $126 million. Tencent has acquired approximately 16% of the outstanding shares for a total purchase price of $84.4 million and becomes the second largest shareholder of eLong. Expedia has acquired approximately 8% of the outstanding shares for $41.2 million, holds 56% of the outstanding shares (Expedia held a a previous investment in eLong), making the company the largest shareholder in eLong.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/EX6p8CNWcu0/
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Microsoft files antitrust complaint against Google in Europe, showdown imminent

Microsoft, citing Google's tyrannical 95% share of the European search market, has lodged a formal complaint with the European Commission. It's not like Microsoft is breaking any ground here -- the European Commission has been investigating Google's alleged violation of European competition law since November 2010 -- but there's no doubt that the addition of Microsoft's gravitas will affect the proceedings.

Microsoft's complaint reads like a sincere and plaintive cry for help against the Google Overlord. Microsoft lists no less than six damning reasons why Google's behavior is anti-competitive -- from Windows Phone 7's incompatibility with YouTube, to its nefarious handling of Google Books -- and finishes with a wide-eyed plea to the European Commission to please find Google guilty.

For those of you that have been following Microsoft's own antitrust troubles over the last decade, don't worry: MS is quick to point out the irony in the situation. "There of course will be some who will point out the irony in today's filing. Having spent more than a decade wearing the shoe on the other foot with the European Commission, the filing of a formal antitrust complaint is not something we take lightly. This is the first time Microsoft Corporation has ever taken this step. More so than most, we recognize the importance of ensuring that competition laws remain balanced and that technology innovation moves forward."

It sounds like Microsoft, having well and truly gone through the wringer, wants Google to be held similarly accountable. That's fair enough, right?
Microsoft files antitrust complaint against Google in Europe, showdown imminent originally appeared on Download Squad on Thu, 31 Mar 2011 05:50:00 EST. Please see our terms for use of feeds.
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Source: http://downloadsquad.switched.com/2011/03/31/microsoft-files-antitrust-complaint-against-google-in-europe-sh/
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$4,000 Leica lens split in two, sold on eBay as $1,000 piece of art

Discontinued products typically dip in value, but such is not the case with Leica lenses -- unless they're sawed in half. Leica students had an opportunity to "make" cutaways of two Leica lenses as part of a graduation project. A discontinued Tri-Elmar-M 28-35-50mm (valued at about $4,500 when fully functional) and a 50mm f/1.4 Summilux (about $3,700) were split, exposing various layers of glass and metal. Now forever unable to capture images of their own, all four halves were photographed, and the tri-focal lens was sold for $995 on eBay, complete with original box -- which, unlike its contents, appears to be in like-new condition. We were probably at home playing Frogger when Kermit went under the knife in biology, but we would have definitely had a perfect attendance record in any class that involved brushing camera equipment across a circular saw.
$4,000 Leica lens split in two, sold on eBay as $1,000 piece of art originally appeared on Engadget on Mon, 16 May 2011 16:29:00 EDT. Please see our terms for use of feeds.
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Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/t4gZHjhiYlw/
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Rolling robot learns to fly, plots escape from human captors (video)

Why settle for a robot that can just roll or fly? That's the question some researchers from the University of Minnesota's Center for Distributed Robotics recently asked themselves, and this little transforming contraption is their answer. As you can see in the video above, it's able to roll around on the ground with relative ease (although obstacles may be another matter), and then prop itself up to take flight like any other robotic helicopter. Those thinking about trying their hand at a DIY version may want to think twice, however, as its not exactly as simple as it may appear. In fact, the researchers apparently spent a full $20,000 just to develop the folding rotor mechanism.
Rolling robot learns to fly, plots escape from human captors (video) originally appeared on Engadget on Mon, 16 May 2011 18:37:00 EDT. Please see our terms for use of feeds.
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Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/FzgH5ftC1wM/
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