Author: Serkadis

  • Patent infringement lawsuits raking in the big bucks




    It’s a good time to be in the patent litigation business, it seems, as “non-practicing entities” are regularly receiving higher damages in patent cases than companies that are actually selling products and services. That’s according to a new report on patent litigation from PriceWaterhouseCoopers, which examined 1,400 patent cases in order to get a feel for the current landscape. Even though patent reform is a big talking point in government right now, it’s clear that the upper hand currently belongs to those who aren’t making products.

    Non-practicing entities—NPEs, also known as patent trolls—have gotten more than double the awards for their patent cases than practicing entities over the last 14 years, according to the consulting firm. Between 1995 and 2008, awards to NPEs ranged from $2.2 million to $10.6 million with a median at about $4.4 million. When narrowed down to just the last seven years, the difference in awards was more than triple in favor of NPEs—the median was at $12 million for NPEs, compared to $3.4 million for practicing entities.

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  • Acer not making a tablet, will focus on ultra-thin laptops

    We’re sort of loving Acer’s new bad-boy vibe — not only have company execs recently gone on record saying that US PC manufacturers will be dead within 20 years and that the “change the Microsoft-Intel environment” but now they’re standing firm while everyone else races to do a tablet. At least that’s the word from Acer Taiwan president Scott Lin, who told Digitimes that while Acer can certainly produce a tablet device, it doesn’t fit into the company’s business model. What’s more, he doubts that other companies can simply copy Apple’s hardware and succeed — instead, Acer’s going to focus on ultra-thin laptops, a category Acer expects to account for 20-30 percent of its business this year. Lin also said Acer will introduce some new models that are less then 2cm (.7 inches) thick — assuming there’s an ARM-based Chrome OS netbook in that mix, we can certainly see the super thin and light laptop category and the tablet category aligning as direct competitors in the near future.

    Acer not making a tablet, will focus on ultra-thin laptops originally appeared on Engadget on Mon, 01 Feb 2010 19:14:00 EST. Please see our terms for use of feeds.

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  • Technology: The Law of Unintended Consequences

    I’ve been called a skeptic, an alarmist, and a doomsayer because the focus of most of my technology blogging is on the risks of and what’s wrong with technology. I realize that I may sound like a Luddite despite the fact that I’m actually an early adapter and readily admit that I couldn’t function in my work without the plethora of technology that is currently at our fingertips. I guess the reason I come across as such a downer at times is that I assume that we all know about the incredible benefits that technology has to offer us; it’s not worth repeating what we all know to be true. At the same time, I recognize that, with the rapid advancements in computer and communication technology in the last decade, we haven’t had to time consider how these developments will shape our individual and collective lives.

    I don’t have a problem with technology. To the contrary, it can be a wonderful tool for progress and change. Technology is already changing our lives cognitively, emotionally, and behaviorally; psychologically, physically, and socially; politically, culturally, and environmentally. My goal is not to suggest that we should reject technology, but rather to ensure that we have control over it rather it controlling us. The ultimate objective of this dissection of technology is to make certain that we use it with perspective and forethought to enhance our lives instead of indifferently or reactively to damage our lives.

    I certainly don’t have all the answers. But before we can find answers, we must first ask the right questions. That is what I want to do, to ask the questions that need to be asked in the hope that minds greater than my own will help provide the answers.

    With that preface, let me introduce you to the Law of Unintended Consequences and why I am so concerned about the breakneck pace of technological development. According to Wikipedia.com, this law states “that any purposeful action will produce some unanticipated or unintended consequences.” Furthermore, it is “a warning against the hubristic belief that humans can fully control the world around them.” Finally, “possible causes of unintended consequences include the world’s inherent complexity…perverse incentives, human stupidity, self-deception or other cognitive or emotional biases.”

    The Law of Unintended Consequences can be seen everywhere in our lives, for example, in the wars in Irag and Afghanistan and the Great Recession. And it is absolutely pervasive in the new world of computer and communication technology. Consider the Internet, the Web, mobile phones, texting, facebook, and twitter. Here’s a satirical and fictitious quote attributed to twitter co-founder Jack Dorsey about his invention on theonion.com: “Twitter was intended to be a way for vacant, self-absorbed egotists to share their most banal and idiotic thoughts with anyone pathetic enough to read them. When I heard how Iranians were using my beloved creation for their own means—such as organizing a political movement and informing the outside world of the actions of a repressive regime—I couldn’t believe they’d ruined something so beautiful, simple, and absolutely pointless.” Though clearly speaking with tongue firmly planted in cheek, who would have predicted that technology would play a key role in the election of a president or the promotion of freedom in countries such as China and Iran. At the same time, who would have thought that mobile phones would be used by terrorists and drug dealers to further their causes or that texting while driving would increase the risk of an car accident 23 times.

    Is there a more powerful force in our lives today than technology? I don’t think so. And, given its increasing influence on our individual and social landscapes, shouldn’t we understand the technologies as best we can?

    We can increase that understanding and decrease its unintended consequences by exploiting the incredible technology we now have available to us. Why not employ the same strategies that software companies use – mass collaboration — in which they “leak” unfinished software to the amateur developers. In doing so, these “basement hackers” identify and resolve bugs, “tweak” the software, and, generally, polish the product far better than a team of in-house developers could ever do. Imagine if a new technology was similarly leaked to experts in the fields of psychology, sociology, and anthropology, as well as laypeople with a passion for the intersection of technology and humanity, and were encouraged to brainstorm on how it might be used, misused, and what its unintended consequences might be. Using the power of technology to harness the creative power of the many to further the value of technology seems like a no-brainer to me.

    Of course, we can never know a priori all of the unintended consequences (just as most of us couldn’t have imagined that terrorists would use hijacked airliners as guided missiles), but reducing their number could make the positive effects of new technology all the more beneficial and its negative effects more manageable and less destructive.

    Dr. Jim Taylor is internationally recognized for his work in the psychology of performance in business, parenting, and sport. He has been a consultant to and has provided individual and group training to executives and businesses throughtout the U.S., Canada, Europe, and the Middle East, including the Young Presidents’ Organization

    Dr. Taylor is the author of ten books, including Positive Pushing: How to Raise a Successful and Happy Child, Your Children are Under Attack: How Popular Culture is Destroying Your Kids’ Values, and How You Can Protect Them, The Triathlete’s Guide to Mental Training, and Applied Sport Psychology: Four Perspectives, the Prime Sport book series, Psychology of Dance, Psychological Approaches for Sports Injury Rehabilitation, and Comprehensive Sports Injury Management.

    He has has appeared on NBC’s Today Show, Fox News Channel’s Fox & Friends, UPN’s Life & Style, ABC’s World News This Weekend, and the major television network affiliates around the U.S.. He has participated in many radio shows. His research and writings have as been the subject of syndicated sports columns that have appeared in dozens of newspapers across the country. Jim has been a columnist for The Denver Post , and has been interviewed for articles that have appeared in The New York Daily News, The Los Angeles Times, The London Times, The Chicago Tribune, U.S. News & World Report, The Christian Science Monitor, The London Telegraph, The Miami Herald, The Ft. Lauderdale Sun-Sentinel, The Baltimore Sun, The Denver Post, Skiing, Outside, and many other newspapers and magazines.

    This post was submitted by drjim.

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  • Rumor: Apple Has Another Tablet In The Works. More Like A Mac Than An iPhone.

    In the movie Contact, when revealing to main character Ellie Arroway (Jodie Foster) that there is actually a second space travel machine that was being built at the same time as the first one, but in secret, S.R. Hadden (John Hurt) says, “why build one when you can have two at twice the price?” Apple, it seems, may have the same line of thinking.

    By now, we’ve all seen the iPad and know just about everything about it that we possibly can. But did you know that the secretive company may actually be hard at work on a second device already? Now, before I say anything else, take this information with a grain of salt. While it originated from a good source, it was a second-hand source. Meanwhile, I’ve corroborated some the main details with another source, but not some of the smaller ones. That said, from what I’m hearing, Apple is pretty far along on work on second tablet device. A bigger one. And this one may be much more like a Mac than an iPhone.


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  • Terrible grammar? Blame Twitter.

    Who didn’t see this coming? Waterloo University, a fine institution of higher learning, in Canada, has found that 30 percent of incoming freshman cannot pass a “simple” English test. New communication methods, primarily Twitter, texting, and social networking sites like Facebook, are to blame. To quote a classic line from The Simpsons, “Me fail English? That’s unpossible.”

    The story is that students these days simply have terrible grammar, end of discussion. It’s becoming so bad that many of these students are not being admitted to university, or, if they are accepted, they have to take basic English classes to merely get up to speed.

    Blame Twitter. Well, that’s a little unfair, but only a little. For some reason, a certain percentage of young people today think it’s acceptable to use words, if you can even call them words, like “cuz” and “lol” in formal writing. It gets worse, says one professor at Simon Fraser university:

    The words ‘a lot’ have become one word, for everyone, as far as I can tell. ‘Definitely’ is always spelled with an ‘a’ -’definitely’. I don’t know why. Punctuation errors are huge, and apostrophe errors. Students seem to have absolutely no idea what an apostrophe is for. None. Absolutely none.

    This looks like a job for Mr. Period! (And what’s the deal with apostrophes? Do people still mix up “its” with “it’s”? Or do people needlessly pluralize words with the addition of apostrophes, like CD’s and DVD’s?)

    Now, it’s one thing to blame Twitter and whatnot, but the problem is deeper than that. The fact is, well, grammar simply isn’t taught in school anymore. I, myself, didn’t learn a whole lot of grammar until 11th grade, when, all of a sudden, it became an issue in English and Spanish class. I think our English exam at the end of the year had a fairly thorough grammar section, while our Spanish teacher was shocked that we didn’t know the difference between an object pronoun and subject pronoun.

    That makes for a wicked combination, minimal formal education on the subject combined with the carefree attitude of Twitter and texting. Melodramatic types might call that a toxic combination.

    Now, CrunchGear obviously isn’t a shining beacon of English excellence, but we do try to meet a minimum standard of readability. I can assure you all that I’m trying to be annoying whenever I use phrases like “lol” or “jkjkjk”; I don’t use the phrases out of laziness or because I think it’s proper to write “lmfao” in anything but nonsense communication with friends. Granted, you could argue that CrunchGear is nothing if not nonsense communication, but that’s a subject for another day.

    (And yes, I know that many of you will have only found out about this post because of Twitter, but I have no control over that since things tweet automatically here.)

    via Slashdot


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  • Spy Shots: 2011 Dodge Charger blends butch with bends

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    2011 Dodge Charger – Click above for high-res image gallery

    During Chrysler‘s epically long five-year business plan presentation, there were a few Powerpoint slides that caught our attention. Among them was this shot of a new sedan with a sloping C-pillar. It didn’t take much deduction to conclude that the roofline in question would form the next Dodge Charger, and now we’ve got more photographic proof that development is underway.

    Caught outside Chrysler’s headquarters, this camo’d 2011 Dodge Charger is sporting the same canted and extended roof, along with a set of squared-off headlamps, larger grille and a more sculpted fascia. However, the extent of the exterior modifications pales in comparison to what’s going on inside, with a new LCD screen dominating the dash and a smoother center stack. The new Charger won’t be covered in camouflage much longer, so expect to see Dodge‘s refreshed sedan bow later this year with an all-new V6.

    Spy Shots: 2011 Dodge Charger blends butch with bends originally appeared on Autoblog on Mon, 01 Feb 2010 19:24:00 EST. Please see our terms for use of feeds.

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  • Women’s Basketball Team Defeats COD, 48-41

    Harper’s women’s basketball team defeated the College of DuPage, 48-41, to move to 14-8 overall and 5-3 in conference play.

    Peggie Parhas paced the Lady Hawks with 19 points while adding 5 steals, Siobhan Cerney tossed in 11 points (including 7 of 7 from the free throw line), Noreen Davis added 8 points, and Anna Kirchoff contributed 6 points and 7 rebounds.

    Next up, Harper will host Joliet Junior College on February 2nd with tip off at 5:00 PM.

  • Daily U-Turn: What you missed on 2.1.10

    Autoblog’s Ultimate Toyota Recall Guide

    It’s tough to navigate the news surrounding Toyota’s recall, so we’ve compiled all the must-know information into one comprehensive post.

    Toyota’s remedy for recalled pedals announced, dealers to remain open extended hours [w/video]

    Toyota’s plan to repair the 2.3 million vehicles affected by sticky throttles has finally been released, and dealers are gearing up for several weeks of late nights.

    Daily U-Turn: What you missed on 2.1.10 originally appeared on Autoblog on Mon, 01 Feb 2010 19:20:00 EST. Please see our terms for use of feeds.

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  • RCA students team up with Bentley to create “Bentleys of the Future”

    Eighteen Vehicle Design Course Masters students from Royal College of Arts in London teamed up with Bentley to create a series of concepts known as ‘Bentleys of the Future.’ The group worked closely with Bentley’s leading designers, including Head of Exterior Design Raul Pires who played a key role designing the company’s new Mulsanne flagship.

    “Working with Bentley has inspired these young designers to create a coupe for the 21st Century that embraces the latest aerodynamics technology. The Vehicle Design Course attracts postgraduate students from across the world and it has been fascinating to see them make a connection with a British marque that has such a distinguished heritage.”

    Four of the RCA students have been selected to refine their final designs with Pires and his colleagues with a winner and runner-up both being invited to join the company for a six month secondment in the Bentley design studio.

    “These four finalists have captured the essence of our brand, recognising what makes a Bentley instantly recognisable on the road. Just as importantly, they’ve embraced Exa’s leading-edge technology and grasped that excellent design should always seek to enhance a car’s handling and performance, as well as optimising its environmental credentials.”

    Check out some of the concepts below.

    RCA’s Bentley’s of the Future:

    – By: Kap Shah


  • Russia: Thousands Protest in Kaliningrad

    NewKaliningrad news site published photos and footage [RUS] of the most numerous protest in recent Russian history (from 5,000 to 12,0000 of people participated in the protest) that took place in Kaliningrad [EN]. Protesters demanded the resignation of Russian Prime Minister Vladimir Putin and the governor of Kaliningrad region Georgy Boos [EN].

  • Russia: Blogger Warns Of Possible Dam Destruction

    The Sayano-Shushenskaya hydroelectric power plant [EN] in Siberia might not survive the spring, blogger Dmitri Verkhoturov writes [RUS]. He provides pictures of an ice crust spread over the dam barrier. In August 2009, one of the turbines at the plant, the sixth-largest in the world, broke apart [EN], which led to the death of 75 people.

  • Evening Crunch Crumbs: Why Is Vanity Fair’s Young Hollywood So White & Waify?; Lady Gaga Lindsay Lohan Duet?; Prince Harry Dancing To Calypso

    Jezebel is wondering why Vanity Fair’s 2010 Young Hollywood spread only features petite, white actresses. Where are the African-Americans, Asians, Latinas… you get the point. Although, I must say I’m more offended that someone actually considers Kristen Stewart a talented actress.

    Project Runway’s Nina Garcia is writing another book…..

    RuPaul’s Drag Race Season 2 kicks off tonight on LOGO!

    -Joan Rivers chats about her new documentary and her long-running feud with Jay Leno….

    -Take a look at the full commercial for Beyonce’s Heat fragrance…..

    -Will Lindsay Lohan one day make beautiful music with Lady Gaga?

    -Yikes! President Obama unveils record $3.83 trillion budget…..

    -Kelly Cutrone promotes release of new book and the series premiere of her new reality show……

    -DJ Pauly D says he’s not dating “hot” Teen Mom star….

    -The 10 Hottest Women Born In February…..

    -Speaking of famous beauties: When’s the last time you saw hip-hop music video vixen Rosa Acosta? Her new look may surprise you….

    -Snooki sets the record straight on snubbing Jerry Springer….

    -Madonna is so nuts about coconut water that she invested $1.5 million in one of the leading distributors of the drink, The New York Post reported Sunday.

    -Free Pancakes! Miss America Caressa Cameron will serve as spokeswoman for IHOP’s fifth National Pancake Day Celebration this month. Hoping to raise more than $1.75 million for children’s hospital programs through Children’s Miracle Network, IHOP will give away free buttermilk pancakes between 7 AM – 10 PM on Tuesday, Feb. 23…..

    -Season One castoff Angelina may be back for the second season of Jersey Shore…..

    -Celebrity gossip Perez Hilton would like to replace Simon Cowell on American Idol……

    -New Zealand musician Pauly Fuemana has died……

    Rihanna on Ellen……

    -It’s official: I’ll have grey hair before Drake gets around to releasing his album! This better be good, buddy…..

    -Style Steals! You can mimic the Grammy looks of your favorite celebs for about half the price……

    -Britain’s Prince Harry dropped it like its hot in Barbados over the weekend….all in the name of charity. He’s his mother’s son! Harry promised he would dance for a group of partygoers at a Haitian Benefit Concert if they donated 5,000 Barbados dollars (2,500 US dollars) to the cause. The crowd came through and Harry made good on his promise. He even made an undisclosed donation to earthquake relief……

  • Consumer Reports pulls plug on ‘recommended’ status for recalled Toyotas

    As is Toyota’s PR people aren’t going to have a hard enough time ahead of them as it is, Consumer Reports has temporarily pulled the plug on its highly prized ‘recommended’ status for the eight Toyota vehicles included in the recent wave of recalls.

    “Although incidents of sudden acceleration are rare, we are taking this action because the vehicles have been identified as potentially unsafe without a fix yet being available to consumers, and in general our position is you shouldn’t compromise on safety,” said Jim Guest, president of Consumers Union, the publisher of Consumer Reports.

    Consumer Reports urges the approximately 2.3 million vehicle owners affected to familiarize themselves with the warning signs of danger, including the accelerator pedal becoming harder to depress, slow to return to original position, or simply not working smoothly.

    – By: Stephen Calogera

    Source: Edmunds


  • How the Other Half Drives: Infiniti launches FX Limited Edition in Europe

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    2010 Infiniti FX Limited Edition – Click above for high-res image gallery

    Miffed at having missed out on the Infiniti FX Millionaire Edition? The special run was unveiled in Amsterdam a couple of months back at a price roughly twice that of a stock FX. Only 100 were made, and they weren’t even available on this side of the pond. Now Infiniti‘s European division is following up with a second run called, straight-forward enough, the Limited Edition.

    Like the Millionaire, the Limited can be ordered in either FX37 or FX50 guise, in scratch-resistant Obsidian Black or White Moonlight paint and features a host of special touches inside and out, from the dark graphite trim and 21-inch turbine-shaped rims to the Alcantara and carbon fiber trim on the interior. The special crossover also comes packed with the Connectiviti+ package, packing everything from sat-nav with Michelin Guide to the 11-speaker Bose sound system and 10-gig hard drive.

    Fortunately prices are considerably more reasonable than its predecessor special, with the FX37S Limited Edition coming in at £55,855 (the equivalent of about $88k) and the FX50S Limited Edition at £62,035 (just shy of a hundred grand). Another 100 examples will be offered exclusively across Western Europe. High-res images in the gallery below and press release below the fold.

    [Source: Infiniti]

    Continue reading How the Other Half Drives: Infiniti launches FX Limited Edition in Europe

    How the Other Half Drives: Infiniti launches FX Limited Edition in Europe originally appeared on Autoblog on Mon, 01 Feb 2010 18:58:00 EST. Please see our terms for use of feeds.

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  • Jury hearing Aafia Siddiqui case yet to reach verdict

    AReview: NEW YORK: The trial of Aafia Siddiqui, the Pakistani scientist charged with shooting at her US interrogators in Afghanistan, moved into the final stage on Monday, with defence lawyers highlighting in their final arguments the lack of coherence in the accounts by prosecution witnesses. After both the prosecution and defence delivered their closing arguments, the 16-member jury went into deliberations to reach a verdict but could not finalize their views, now, the jury will re-deliberate over the case on Tuesday. According to experts, the verdict could come early next week, although there is no fixed timeframe for the judgement. The defence’s main argument was that evidence by the prosecution witnesses lacked coherence and their varying accounts were, in fact, contradictory – not only to each other but to themselves. Besides, the defence argued emphatically that there was no physical evidence produced by the prosecution to substantiate charges against Dr Aafia. The prosecution, they stated, tried to create an “atmosphere of fear” by producing handwritten notes by Aafia. During her deposition, Dr Aafia clearly told the court that she recognised some of the notes but not all of them and that they had been put in a handbag given by her captors, who were threatening to harm her children. Defence lawyers also focused on the fact that there were no fingerprints on the rifle allegedly used in the shooting incident and there were no holes in the walls created by the bullets allegedly fired. Nor was there any residue on the curtain that partitioned the room between Aafia and the US personnel in Afghanistan. The prosecution pressed their charges by stating that there were six witnesses to prove the alleged incident. Aafia’s trial began in the US District Court on January 19. She is accused of grabbing an M4 rifle and firing at US soldiers and FBI agents who had gone to a police station in Ghazni, a day after her arrest in that Afghan city in July 2008.

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  • RCA design students collaborate with Bentley on the Flying B of the future

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    Royal College of Art design students work with Bentley – Click above or below for high-res image gallery

    Seems like everybody and their cousin wants to design cars. But even with the right training, it can still be tough for an aspiring auto stylist to break into the field. Bentley, however, is giving a handful of transportation design students a crack at working in its design department.

    The program is being held in conjunction with the graduate Vehicle Design Course at the Royal College of Art in London. Eighteen students spent the last few months under the tutelage of Crewe’s lead exterior designer Raul Pires, with the four top candidates – Marten Wallgren (Sweden), Mikka Heikkinen (Finland), David Seesing (Germany) and Bora Kim (South Korea) – shortlisted for further collaboration.

    Each has penned a novel, futuristic take on the Bentley design ethos, and from among them one will be selected for a job in Bentley’s design studio. Click on the thumbnails below to view their designs, and follow the jump for details in the press release.

    [Source: Bentley]

    Continue reading RCA design students collaborate with Bentley on the Flying B of the future

    RCA design students collaborate with Bentley on the Flying B of the future originally appeared on Autoblog on Mon, 01 Feb 2010 18:27:00 EST. Please see our terms for use of feeds.

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  • Spy Shots: First Pagani C9 prototype snaps look decidedly familiar

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    In a Q&A with Argentina Auto Blog, Horacio Pagani said the upcoming C9 is “a brand new car from concept, weight distribution, materials and dynamics: it has 3,770 new parts.” What he didn’t say, at any time, was that it would look any different than a Zonda. And that could explain why spy shots of Horacio’s latest marvel capture a supercar that looks a lot like his last.

    The 6.0-liter, 700-horsepower twin-turbo V12 will need to breathe a little more deeply, which explains the updated front clip and gaping intakes behind the cabin. Otherwise – and unless he’s playing a brilliant game of hide-and-seek – all but a few of those 3,770 new parts must be underneath that familiar shape. The supercar estimated to run €900,000 should be shown in final form sometime this year.

    [Source: Auto Express]

    Spy Shots: First Pagani C9 prototype snaps look decidedly familiar originally appeared on Autoblog on Mon, 01 Feb 2010 18:01:00 EST. Please see our terms for use of feeds.

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  • Chegg Warns Rival BookRenter.com It Owns The Trademark To Being No. 1

    Who exactly is the market leader in textbook rentals is no longer just an academic debate. Online textbook rental service Chegg recently sent its rival BookRenter.co a lawyer letter (embedded below) demanding that it stop using the phrase “#1 In Textbook Rentals” on its Website. That is Chegg’s marketing slogan, and it even registered the phrase as a trademark in 2008.

    But how can a company trademark being No. 1, especially in a nascent market that is evolving rapidly? In addition to Chegg and BookRenter, bigger players such as Barnes & Noble are getting into the textbook rental game. Chegg’s trademark isn’t going to do it much good in fighting off such encroachments. And even if Chegg is the biggest online textbook renter, the offline book rental market is much bigger with companies like Follett dominating.

    BookRenter.com CEO Mehdi Maghsoodnia stands his ground and says Chegg doesn’t have a case. To begin with, there are many ways to define “#1″: customers, revenue, selection, service. “We have the largest selection of textbooks in the U.S.,” claims Maghsoodnia, referring to the inventory of 3 million textbooks that BookRenter can rent out by tapping into partner inventory such as Amazon. Chegg operates its own warehouses, but it claims to offer “more than 4.2 million titles” and has rented out more than 2 million books to students so far. BookRenter.com says it serves 5,000 universities in the U.S.? Okay, Chegg claims 6,400. BookRenter says its revenues are growing 400% annually? Chegg tops it with a claim of 600% growth. Needless to say, none of these assertions are backed by any audited financial statements.

    The point is that this market is growing fast and Chegg wants no one to question its undisputed number-oneness. Maghsoodnia concedes that in terms of customers and revenues, Chegg is probably five to seven times bigger than BookRenter, which recently passed 100,000 customers. And Chegg certainly has more capital. It has a massive war chest from raising $144 million over the past few years, whereas BookRenter.com only recently raised $6 million. But Maghsoodnia points out that estimates of the total online textbook rental market are $200 million, out of a $7 billion overall market. So for any online player to claim to be #1 in all textbook rentals is laughable. The fact that Chegg is trying to assert its trademark on such a dubious claim, he says, “tells me they are a lot more nervous than their advertising shows.”

    Regardless, he doesn’t think Chegg can defend its trademark claim on such a common phrase, unless it could establish some sort of secondary meaning in the eyes of the public. At least that is what his lawyers tell him. In the meantime, he is thinking of changing the language on his Website just a little bit to, “We’re Numero Uno in Textbook Rentals!”

    Chegg Letter To BookRenter.com


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  • Fynanz Scores $6.5 Million For Peer-To-Peer Student Lending Platform

    Fynanz, a peer to peer lending platform for student loans, has raised $6.5 million in Series A funding from Draper Fisher Jurvetson, DFJ Gotham Ventures, The Brazos Group, Zelkova Ventures and JBR Media Ventures. This latest round of funding brings the startup’s total funding to over $8 million. Fynanz will use the funding to expand its credit union and student lending marketplace, and for the development of additional lending programs including financial literacy initiatives.

    Fynanz, which launched in 2008, applies the peer-to-peer lending model of starups like Prosper to student loans. Students can apply for loans and participants can help fund these loans. Unlike Prosper or other P2P lending sites, Fynanze guarantees each loan. And since they are qualified educational loans, the students can deduct the interest from their taxes once they start paying back. To reduce its risk, the startup looks at other factors in addition to credit scores when evaluating each student borrower, including grade point averages and what school the student is attending.

    The loans are co-payable to the school, and Fynanz takes into account tuition and other expenses to make sure students don’t take out more than they actually need. The plus for the student is that loans are offered to students with low interest rates, often 0.60% to 1.0% lower than what a student would get from a bank. Fynanz faces competition from fellow student lending platform GreenNote.


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  • Verizon sends retailers DEVOUR promo materials as Moto’s support site goes live

    vzw-moto-devour-promo

    While much of the tech world continues the stupid debate as to whether or not the iPad is the greatest thing to happen since electricity (it’s not), Verizon has quietly been shipping promo materials for the Motorola DEVOUR to retail outlets across the country. Granted, this hasn’t come out of nowhere considering the device showed up in Celebrite’s as early as two weeks ago — plus, who could remember our not once, twice, but thrice photo sessions with it — but the funny thing is that a whole whack of support guides have just now gone live on Motorola’s global support site. Interesting, no?

    Read [Promo Material] Read [Moto Global Support]

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