advertisement An executive at a Palo Alto software giant was charged Monday with four felony counts of burglary, after authorities said he allegedly made his own bar code stickers, switched the tags, and then bought boxes of LEGOs at Target stores for huge discounts. Thomas Langenbach, 47, who lists himself as the vice president at Palo Alto's SAP Labs Integration and Certification Center on his LinkedIn profile, is expected to be arraigned Tuesday in Santa Clara County Court . "This probably happens more often than you'd think," said Mountain View police spokeswoman Liz Wylie. "But this is the first time we've ever had a case like this." NBC Bay Area went to Langenbach's multimillion dollar San Carlos home on Monday, but no one answered the ... Continue reading →
Trend Micro CEO Eva Chen As the founder and CEO of antivirus software firm Trend Micro, Taiwan-native Eva Chen was named one of Forbes Asia‘s 50 Power Businesswomen in 2012. However, she has never appeared on Forbes Asia’s annual list of Taiwan’s 40 Richest — including the newly released 2012 list of Taiwan’s 40 Richest. Nor does she appear on the list of her company’s 50 largest shareholders. There’s a bit of mystery about Chen. Chen founded Trend Micro with her brother-in-law, Steve Chang, and her sister, Jenny Chang, in 1988. After serving as executive vice president and chief technology officer, Chen took the position of CEO from Steve Chang in 2005. The company, based in Tokyo, Japan, had revenues of $1.2 billion in the ... Continue reading →
celebregion Tuesday, May 22, 2012 President Goodluck Jonathan in vogue italia President of the federal republic of Nigeria, Goodluck jonathan was featured in May -june issue of Vogue italia, the Italian edition of Vogue magazine ,also published on Vogue's website. The feature below: It's Thursday, January 5 when we land in Abuja, Nigeria's capital . The ultimatum expires today of Muslims to Christians. We have police and army escort us to have total security. We are going to the Palace of the President and does not have much time. At 6 pm, at best, we should take off. No real danger, reassure us, but better to avoid risks. The streets everything is calm and there is no confusion, and Abuja is beautiful with lots of ... Continue reading →
Image by Agencia Brazil via CrunchBase America Movil is striking back at a report issued by the OECD earlier this year that claimed the telecom giant’s Mexican wireless phone unit charged excessively high prices. The report stated that high telecom prices in Mexico cost consumers there $26 billion a year in opportunity cost. In a call with reporters Monday, America Movil Chief Financial Officer Carlos Garcia-Moreno said the company has requested the OECD to withdraw the report because it contains erroneous data. “We have been able to confirm that the report was based on erroneous data,” Garcia-Moreno said on the call. This comes after an early February press conference convened by Slim to dispute the findings of the OECD report. America Movil had MIT professor ... Continue reading →
Michael Moritz Sequoia Capital’s Michael Moritz is stepping down from day-to-day management of the venture firm he leads due to what the billionaire investor described in an email to the firm’s investors as a “rare medical condition.” Fortune notes that in the email, Moritz said his condition “can be managed but is incurable.” He also said that his quality of life is likely to decline over the next decade. Moritz will become chairman of Sequoia, with partner Doug Leone taking over some of Moritz’s previous responsibilities. Moritz will keep his current board seats – he’s a director of LinkedIn, Green Dot and GameFly, among others – and take new ones. Moritz ranked #764 on the latest edition of the Forbes Billionaires list with a net ... Continue reading →
Ubiquiti Networks has seen its stock tumble 45% since mid-April in large part due to far-fetched rumors that originated on a Chinese message board in early May. Now, Ubiquiti and its CEO Robert Pera are fighting back. The company plans to announce that it filed a lawsuit on May 18 alleging counterfeiting activity by at least one former distributor based out of Miami. Ubiquiti filed suit in the U.S. District Court for Northern California against Kozumi USA Corp., a previously terminated Ubiquiti distributor, its owner Shao Wei (William) Hsu and his spouse Lilia Kung. The complaint says Hsu engaged in intellectual property theft, manufacturing and sale of counterfeit Ubiquiti Networks products. In an email, Hsu said: ”Those accusations are clearly signs of intimidation against me ... Continue reading →
Turning 29 next Tuesday, Dustin Moskovitz will own 126 million shares, worth about $4.8 billion, after the company's IPO. With Facebook pricing its initial public offering at $38 a share this afternoon, doing the math on the company has become much clearer. No more need to guess where in the range Facebook would sell for. At $38 a share, the social network is now worth more than the vaunted $100 billion mark that was bandied about in the months leading up to the IPO. The offering price implies a a market capitalization of $104 billion, making the soon-to-be-public company not only one of the biggest in Silicon Valley, but one of the biggest in the world. For some of Facebook’s founders, investors and early executives, ... Continue reading →
When it came to light last week that Facebook co-founder Eduardo Saverin had renounced his U.S. citizenship, the reaction was swift and fierce. Many people criticized Saverin for what seemed like a tax dodge, including two U.S. senators, but now the 30-year-old is fighting back. “It is unfortunate that my personal choice has led to a public debate, based not on the facts, but entirely on speculation and misinformation,” said Saverin in a statement provided to Forbes. On Thursday, Democratic Senators Chuck Schumer and Bob Casey announced a new bill called the “Ex-PATRIOT” Act which would “re-impose taxes on expatriates like Saverin even after they flee the United States and take up residence in a foreign country.” The bill would presume any person renouncing citizenship ... Continue reading →
Author James Steyer Amid all the hype leading up to the Facebook IPO, add one more cautionary voice to General Motors’ decision to pull its advertising on the social network, the belief of half of the American public that Facebook is a passing fad and folks like Mark Evans, who just don’t think it’s a good investment. James Steyer wants you to take a step back and think about what Facebook is doing to shape the behavior and the psyches of young people. It can be very negative. “Facebook has had a huge impact on the social, emotional and cognitive development of young people,” says Steyer, an expert on media and children’s issues, who is concerned about how social networking affects children and teens’ brain ... Continue reading →
