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Thursday, May 16, 2013

Wall Street opens flat after data, Cisco soars

May 15 (Reuters) - Post positions for the 138th running of the Preakness Stakes, to be run at Pimlico on Saturday (Post Position, Horse, Jockey, Trainer, Odds) 1. Orb, Joel Rosario, Shug McGaughey, even 2. Goldencents, Kevin Krigger, Doug O'Neill, 8-1 3. Titletown Five, Julien Leparoux, D. Wayne Lukas, 30-1 4. Departing, Brian Hernandez, Al Stall, 6-1 5. Mylute, Rosie Napravnik, Tom Amoss, 5-1 6. Oxbow, Gary Stevens, D. Wayne Lukas, 15-1 7. Will Take Charge, Mike Smith, D. Wayne Lukas, 12-1 8. Govenor Charlie, Martin Garcia, Bob Baffert, 12-1 9. ...

Source: http://news.yahoo.com/stock-futures-little-changed-data-tap-cisco-climbs-120005684.html

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Appetites: It's cool NOT to cook | Minnesota Public Radio News

Appetites

by Tom Crann, Minnesota Public Radio

May 15, 2013

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ST. PAUL, Minn. ? The pressure to cook is enormous. For people who don't cook, it can be shaming.

One person who is responsible for that shame is Lynne Rosetto Kasper, host of The Splendid Table and cookbook author, is here to talk about not cooking.

Lynne Rosetto Kasper: It occurred to me during a conversation with Michael Pollan, who has written a book on cooking.

Tom Crann: Urging people to cook?

Lynne Rosetto Kasper: And talking about the power of cooking when it comes to politics. And he said he is finding that a lot of people who are interviewing him are getting kind of nudgy about, you know, 'I don't cook,' and I realized for the longest time I've felt that not every one of us were meant to do everything.

Can you imagine anything worse than having to do something you really despise; doing it for a group of people who could be terribly disappointed in it; doing it with materials that change from moment to moment and day to day. They're very precarious, and every night at the time of day you're most vulnerable? Your blood sugar is low, you're exhausted, and you have to cook for the family.

Tom Crann: What are some of the pressures, and why? Where do they come from, for people who feel pressured to cook if they're not very good at it?

Lynne Rosetto Kasper: The new food awareness that we've seen over the past decade. Here's the flip side. We cook if we are smart. We're supposed to cook to save our families and ourselves from dysfunctional, unhealthy lives. We cook to fight the obesity epidemic. We cook to save our identities, culturally, our traditions. We cook to strike out against the forces we feel are evil -- you name them. We cook because it shows how cool we are.

And we cook because if you really cook, you'll love it. I know you think you'll hate it, but if you cook, you are going to love it.

Tom Crann: That's a lot of pressure. When you hear from people who don't cook, what are their reasons for it?

Lynne Rosetto Kasper: Some of them are very sad. I don't cook because my family demeans my food. I'm ashamed. Or, I don't cook because it reminds me that I eat alone every night or almost every night. I don't cook because I don't want to have the food around -- I easily gain weight. I don't cook because I happen to be a woman and I refuse to fall into that sexist identity. And some of them are just people who say, "I don't want to cook."

It's this idea that the pressure today is we all should be doing this thing. And yeah, it's great to cook, it's wonderful to cook. But this is not something you take on if you really think you're going to hate it, unless you get curious about it.

Tom Crann: Now the wisdom is, and there's certainly research behind it, that families that eat together at a common family meal do better, are more functional. It's a great way to communicate with each other, parents and children. Cooking is almost always attached to that, isn't it?

Lynne Rosetto Kasper: It is. And of course, it's wonderful for a family to cook together. But the other thing is, the success of this whole idea of the family coming together is together.

And, for people who -- can you imagine two parents, they come home, they've worked long hours. Maybe they work two jobs. There's the money pressure, right? It's expensive to cook. It really is. McDonald's -- you can feed a family very cheaply. But the point is: they come home, they're exhausted, they're tired. Then they have to cook. And then they have sit down and they have to deal with the kids. And as I said, their blood sugar is terrible. That spells disaster. That's waiting for family dysfunction to take off.

So I would say, together is the point. Not frustrating parents and people who feel they have to do this. I don't care if you're, really, sitting around with a bucket of fried chicken. I would prefer you ate something healthy, and you ate something you made with your own hands. But the real point is sitting down and looking at each other. That's the point. And dysfunction doesn't disappear because you cook. I wish it did. My family would be entirely different.

Tom Crann: Are you ready to make an ethical case for not cooking?

Lynne Rosetto Kasper: I think we should - if we possibly have an option -- do what we really enjoy doing. Because no matter what it is, we're going to be good at it.

Now, if you do not cook, think of all the people you support who do. Think of the marriages, or the couples that you know, where one person loves to cook, no matter what their gender may be, and the other doesn't. And that person has an audience.

Non-cooks support the restaurant industry, the food trucks, the take-out, whatever. If there's a little extra money to be spent they can support sources for prepared food that are buying locally and following certain belief systems that they advocate. The non-cook is someone who generally can be a great food lover. That, by the way, is the definition of "gourmet" -- a gourmet is not a cook.

Tom Crann: An appreciator. A food lover.

Lynne Rosetto Kasper: Yes, a food lover, someone who is knowledgeable and really loves food. I think the non-cook has a great deal of power. I know that many people could care less that they don't cook.

But if you're feeling a bit ashamed, I would say hold your head high. You fulfill a role that has not been acknowledged yet in this country. But you are a great supporter of all of the other folks who like to cook.

Tom Crann: I'm a good audience member and appreciator of good cooking. I've met very little that I don't like to eat.

Tom Crann

? ? ?Host, All Things Considered

Tom Crann is the host of All Things Considered for MPR News.

Source: http://minnesota.publicradio.org/display/web/2013/05/15/appetites/lynne-rosetto-kasper-non-cooks

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Sprint's HTC One getting an OTA update

HTC One

Minor OTA bumps the software version up to 1.29.651.10, update is pushing out now

Sprint and HTC are pushing out a software update for the HTC One. It's a minor update, addressing a few issues that the phone shipped with, which means you'll want to get this one installed as soon as you can. Specifics are:

BlinkFeed improvements
New Sprint Zone client
Improved Back and Home key sensitivity

We expect BlinkFeed "improvements" and adjustments while the service is finding itself, and Sprint needs to keep their Sprint Zone client current. The interesting portion is the Home and Back key sensitivity adjustment. They can get a little wonky, especially when using a screen protector. Hopefully, changes are getting dialed in to make the buttons as responsive as the rest of the phone.

You should see notification of the update soon, and the impatient among us can manually check in settings. When you get this one, be sure to share your experience and let us know how it affects your button sensitivity.

Via: Sprint Community. Thanks, ahaxton!

Source: http://feedproxy.google.com/~r/androidcentral/~3/CnReTfz_C0w/story01.htm

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Watch Robots Fight With Lightsabers At Google I/O [TCTV]

Meet the PR2 personal robot from Willow Garage. The human-sized bot can learn to fold clothes and do other activities via voice commands, and it can even get into sword fights. Watch as I challenge the PR2 to a lightsaber duel today at Google I/O, and learn how Willow Garage could help anyone run their own experiments with robots.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/0OQ1WZnikMM/

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Google Hangouts is live now in the iOS App Store, which means you can now Gchat from your iPhone.

Google Hangouts is live now in the iOS App Store, which means you can now Gchat from your iPhone. Go and get it right here.

Source: http://gizmodo.com/google-hangouts-is-live-now-in-the-ios-app-store-which-506983243

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Nvidia targets enthusiasts with hand-held game gadget

By Noel Randewich

SAN FRANCISCO (Reuters) - Chipmaker Nvidia said it will start shipping a hand-held gaming device in June, a bid to use its appeal with PC game enthusiasts to challenge console makers like Sony Corp and Microsoft Corp.

SHIELD, which was announced in January and uses Nvidia's Tegra 4 mobile processors, will be priced at $349, the company said in a release on Tuesday.

Nvidia's graphics chips are well-known to twenty-something fans who deck out their desktop computers with high-end components in order to get the best out of first-person shooters and other games.

The Santa Clara, California company hopes some of those customers will also be drawn to SHIELD, which has a pop-up retina display and runs the same games available on Android tablets and smarpthones.

With personal computer sales suffering due to a growing consumer preference for tablets, Nvidia has staked its future on using its PC graphics expertise to make high-performance processors for mobile devices.

Building its own game device to showcase its processors goes a step further and underscores the urgency of finding new markets as Nvidia faces tough competition from Qualcomm in smartphones and tablets.

A SHIELD feature that Nvidia has touted that can stream video games from PCs is being offered in a test, non-official version, the company said.

(Reporting by Noel Randewich; Editing by Bernard Orr)

Source: http://news.yahoo.com/nvidia-targets-enthusiasts-hand-held-game-gadget-130520609.html

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Tuesday, May 14, 2013

LinkedIn looks to build on its impressive resume

In this Tuesday, May 7, 2013, photo, LinkedIn CEO Jeff Weiner, right, and company co-founder Reid Hoffman sit in the lobby of LinkedIn's Mountain View, Calif., headquarters. LinkedIn and Facebook celebrate the anniversaries of their IPOs just a few days apart this week. But the companies' experiences as publicly traded entities couldn't be more different. LinkedIn promotes its service as a stepping stone to a more enriching career. As it turns out, the professional networking company's IPO was a great place to start a rewarding investment portfolio, too. LinkedIn's stock has nearly quadrupled in value from its $45 IPO price two years ago. (AP Photo/Noah Berger)

This Tuesday, May 7, 2013, photo, shows LinkedIn's Mountain View, Calif., headquarters. LinkedIn and Facebook celebrate the anniversaries of their IPOs just a few days apart this week. But the companies' experiences as publicly traded entities couldn't be more different. LinkedIn promotes its service as a stepping stone to a more enriching career. As it turns out, the professional networking company's IPO was a great place to start a rewarding investment portfolio, too. LinkedIn's stock has nearly quadrupled in value from its $45 IPO price two years ago. (AP Photo/Noah Berger)

In this Tuesday, May 7, 2013, photo, LinkedIn CEO Jeff Weiner stands at the entrance to his company's Mountain View, Calif., headquarters. LinkedIn and Facebook celebrate the anniversaries of their IPOs just a few days apart this week. But the companies' experiences as publicly traded entities couldn't be more different. LinkedIn promotes its service as a stepping stone to a more enriching career. As it turns out, the professional networking company's IPO was a great place to start a rewarding investment portfolio, too. LinkedIn's stock has nearly quadrupled in value from its $45 IPO price two years ago. (AP Photo/Noah Berger)

MOUNTAIN VIEW, Calif. (AP) ? LinkedIn and Facebook will celebrate the anniversaries of their IPOs just a few days apart this week. But their experiences as publicly traded companies couldn't be more different.

LinkedIn Corp. promotes its service as a stepping stone to a more enriching career. As it turns out, the professional networking company's initial public offering was a great place to start a rewarding investment portfolio, too. LinkedIn's stock has nearly quadrupled in value from its $45 IPO price on May 20 two years ago. On Monday, it closed at $175.03 per share. In contrast, Facebook's stock is hovering around $27 per share, down 29 percent since debuted on May 18, 2012 at $38.

LinkedIn is emerging as the standout performer among its cohort of hotly anticipated IPOs from Internet companies that connect people with common interests. The company is growing faster and yielding far better shareholder returns than the rest of a class that includes online deals maker Groupon Inc., Web game maker Zynga Inc. and business review site Yelp Inc., as well social networking leader Facebook Inc.

With the exception of Yelp, the stocks of all those other companies are stuck well below their initial public offering prices. Although Groupon and Zynga have fared worse, Facebook has been the highest-profile disappointment.

But for all its success, LinkedIn still hasn't immersed itself into people's lives and reshaped technology as profoundly as Facebook has. Although LinkedIn has been attracting more frequent visits since its IPO, people still spend far more time on Facebook and share more of their lives there. Unlike Facebook, LinkedIn hasn't become a hub for other online services, ranging from games to music.

Even among its fans on Wall Street, LinkedIn is seen as little more than an online hunting ground for opportunistic employers on the prowl for talented workers.

But that could change if LinkedIn CEO Jeff Weiner and Executive Chairman Reid Hoffman realize their ambitions. As the 10-year-old company heads into its second decade, its two top executives want to establish its website as an integral part of the global economy.

"It would be a representation of every economic opportunity and every skill required to attain those opportunities," Weiner said in a recent interview with The Associated Press. "We would have a digital profile for every company in the world and a professional profile for every one of the 3.3 billion people in the (worldwide) workforce. We would then be able to overlay professionally relevant knowledge for each one of those individuals and each one of those companies."

LinkedIn still has a long way to go before it's that pervasive. The service currently has profiles of some 225 million people and 500,000 companies.

But the odds of LinkedIn fulfilling its aspirations may be less of a longshot than the one Hoffman faced when he first started pondering a professional networking service in the midst of the dot-com bust in 2000.

At the time, Hoffman was worried about losing his job as a top executive at online payment service PayPal. The company had just burned through most of its cash, prompting Hoffman to mull other ideas with PayPal co-founders Peter Thiel and Max Levchin during a retreat at his grandparents' house in Gualala, Calif. along the Pacific Ocean's coastline.

A rough concept for LinkedIn came up then, but Hoffman didn't pursue it at the time because PayPal started to thrive.

After eBay Inc. bought PayPal for $1.5 billion in 2002, Hoffman plowed much of the money that he made from that deal into LinkedIn. He started the company in May 2003 with several former colleagues from his pre-PayPal days ? Allen Blue, Konstantin Guericke, Eric Ly and Jean-Luc Vaillant. The group debated several potential names, including Netra, Wellconnected, Bizrep and Connex, before settling on LinkedIn.

Hoffman's gamble paid off. As LinkedIn's controlling shareholder, his stake in the company is currently worth $3 billion.

LinkedIn now has market value approaching $20 billion and employs about 4,000 people. It's expanding so quickly that it is running out of space at its Mountain View, Calif. headquarters located down the block from the home of Google Inc. There will be space for nearly 3,000 more LinkedIn workers once construction is completed on its new corporate campus in nearby Sunnyvale next year.

Things might not have worked out so well if Hoffman, 45, and Weiner, 43, hadn't been introduced to each other at a technology conference in early 2008. They hit it off immediately, something Hoffman remembered a few months later when he began thinking of replacing Dan Nye as LinkedIn's CEO.

Hoffman had been LinkedIn's CEO during the first four years of the company's existence, and he knew it wasn't something that he wanted to do for another extended period ? an aversion that differentiates him from other Internet visionaries such as Google's Larry Page, Facebook's Mark Zuckerberg and Salesforce.com Inc.'s Marc Benioff, who all relish running the companies they founded.

"I like solving business strategy problems and I like creating whole new ecosystems for people," Hoffman said. "I am not passionate about leading a 3,000-person plus organization and all the work that goes into doing that in a world-class way. I always knew I didn't want to be CEO forever, but I still wanted to get LinkedIn to where it needed to get."

That's where Weiner came into the equation. Weiner had recently ended a seven-year stint as a key executive at Yahoo Inc. and was helping out various startups on a part-time basis as an entrepreneur-in-residence at venture capital firms Greylock Partners and Accel Partners.

After Hoffman persuaded him to join LinkedIn as its president in late 2008, Weiner was promoted to CEO six months later.

The partnership has proven highly productive. LinkedIn's membership has increased sevenfold from the 33 million members that had set up free profiles on the service at the time Weiner came on board. Revenue this year is expected to approach $1.5 billion, 19 times more than the $79 million generated before Weiner's arrival. The company's profits are also steadily rising. Analysts predict LinkedIn's net income will rise about 20 percent this year to $26 million.

LinkedIn has made a habit of topping analyst projections. That is something the company has done in every quarter since its IPO, helping to propel its stock.

Yet LinkedIn remains in Facebook's shadow. Since 2008, Facebook has grown even faster as the number of people using its social network swelled 11-fold to 1.1 billion and annual revenue soared 25-fold from $272 million last year to a projected $6.7 billion this year.

But LinkedIn has been outpacing Facebook during the past year, both in terms of user growth (LinkedIn's membership is up 35 percent versus 23 percent at Facebook) and revenue (LinkedIn's first-quarter revenue rose 72 percent versus 38 percent at Facebook).

The secret to LinkedIn's success? The company has turned its service into an easily searchable database, a treasure trove for employers and their headhunters. The company makes most of its money from the fees it charges for analytical tools and better access to individual profiles. About 18,000 companies now pay LinkedIn for its so-called "talent solutions."

Most employers rely on LinkedIn to find so-called "knowledge" workers who can fill positions that require a college degree or other specialized training. Think: computer programmers, website developers, scientists, accountants, lawyers and executives. Although McDonald's is unlikely to turn to LinkedIn to find a cashier, a coffee shop might use the service to recruit a barista. A ski resort might scour the site in search of ski instructors.

"They are not even scratching the surface of what they might eventually be able to do," said Wedge Partners analyst Martin Pyykkonen.

LinkedIn is expected to generate even more revenue by selling more ads to accompany content such as professional insights from famous executives such as Richard Branson and Jack Welch, as well as other compelling content that induces its membership to visit the site more frequently and dwell for longer periods.

LinkedIn is also working on more analytical tools to sell to sales representatives who are "looking to turn a cold call into a warm prospect," Weiner said.

Almost everything will have to go right for LinkedIn to support its lofty stock price. Investors are currently paying about $121 for every dollar in LinkedIn's estimated earnings this year and $13 for every dollar in projected revenue. By comparison, Facebook's stock is selling for $47 for every dollar in projected earnings this year and $10 in every dollar in projected revenue.

"You really have to buy into the idea that LinkedIn's revenue is going to grow 10-fold from here to justify its valuation," Wedbush Securities analyst Michael Pachter said. "It's a good company with an expensive stock."

LinkedIn's success also could attract more competition. The company's biggest threat, of course, is Facebook, which already knows where most of its users work and where they went to school.

Weiner isn't worried about Facebook expanding into LinkedIn's turf because the company's research indicates that most people want a dividing line between their professional and personal identities.

Facebook hasn't yet shown any desire to open a professional networking channel, but Pachter thinks there is a greater likelihood of it happening if LinkedIn continues to do well.

"Facebook could just say, 'Hey are you tired of going to LinkedIn? Just enter all your professional information here and we'll code it so only your business friends can see it,'" Pachter said.

Another alternative would be for Facebook to buy LinkedIn. But Pachter doubts that will happen now that LinkedIn is worth so much.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/495d344a0d10421e9baa8ee77029cfbd/Article_2013-05-13-LinkedIn's%20Rise/id-1c1bfde7354349479bac157bacbec7e3

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