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4/23/2007
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Wall Street's Quest To Overcome Data Latency

In This Issue: Business At Light Speed
1. Editor's Note: Data Dumpster Diving, Anyone?
2. Today's Top Story
    - Business At Light Speed
    Related Stories:
    - In Pursuit Of Optimum Speed
    - All The News A Machine Can Use
3. Breaking News
    - Privacy Groups Decry Google's Plans For DoubleClick
    - Government Agencies Wide Open To Attack
    - Apple Megapatch Fixes 25 Vulnerabilities
    - Google Buys Videoconferencing Software
    - Lawmakers Launch Move To Overhaul Patent System
    - AMD Nearly Out Of Cash, Says Analyst
    - Microsoft Releases Betas Of New Visual Studio, .Net Framework
    - IBM Wins Swiss Bank Deal Worth $460 Million
    - Windows XP Redux: Dell Revives Predecessor To Vista
    - Circuit City, Napster To Offer Joint Music Service
    - Most U.S. Workers Don't Use Vacation Time, Study Shows
    - HP, Sun, Accenture Accused Of Offering Kickbacks In Gov. Contracts
4. The Latest Digital Life Blog Posts
    - The Year 2000 As Predicted In 1900
    - Apple May Subsidize iPhone: Another Sign The iPhone Is In Trouble?
    - Freedom Of Speech And Civil Discourse -- Are They Mutually Exclusive?
    - Why We're Devoting So Much Coverage To Second Life
    - Weighing In On Wal-Mart's Fluid Scheduling
5. Job Listings From TechCareers
6. White Papers
    - Turn Virtual Management Into Automated Best Practices
7. Get More Out Of InformationWeek
8. Manage Your Newsletter Subscription

Quote of the day:
"In theory, there is no difference between theory and practice; in practice, there is." -- Chuck Reid


1. Editor's Note: Data Dumpster Diving, Anyone?

Do you know where your paper customer records are? Better yet, does the state attorney general's office know? As both RadioShackand CVS/Caremark Corp. have found out this year, being in control of the former situation is so much better than ceding control in the latter.

Both companies -- most recently CVS/Caremark -- are facing potential lawsuits, costly fines, and negative publicity after Texas authorities discovered that customer records had been improperly, illegally -- and just plain incredibly -- dumped into the trash behind one of their stores. In the case of CVS, the dumped data is said to have included hundreds of active debit and credit card numbers, complete with expiration dates.

It only took the actions of one store in each chain to trigger an embarrassing mess. In each case, store employees violated company policy. You might think that today, only someone living under a rock would be unacquainted with the perils of identity theft and that most people -- certainly your employees -- would have a grasp of at least the rudimentary ways in which identity theft can be abetted and avoided. Even if these workers hadn't read the company data retention and privacy policies, surely they've heard of shredders?

In any case, the lesson here for corporate America, its security czars, and IT departments, is both clear and simple: People are the weakest link in your security armor, and education has never been more crucial. After all, who needs Trojans, stealth code, stolen passwords, and encryption keys when you can count on one blockhead to just hand over a mountain of data on a silver platter?

Patricia Keefe
Pkeefe@cmp.com
www.informationweek.com


2. Today's Top Story

Business At Light Speed
Wall Street's attempt to shave milliseconds off transactions pushes the limits of computer science.

Related Stories:

In Pursuit Of Optimum Speed
Vendors spend billions to reduce latency in their gear, fueling the move to InfiniBand technology.

All The News A Machine Can Use
Reuters NewsScope helps automate trading decisions based on events such as typhoons and corporate shakeups.


3. Breaking News

Government Agencies Wide Open To Attack
Last summer's major security breaches at the departments of State and Commerce are just the tip of the iceberg, according to congressional testimony.

Privacy Groups Decry Google's Plans For DoubleClick
The groups want the FTC to determine what data collected by Google and DoubleClick is personally identifiable.

Apple Megapatch Fixes 25 Vulnerabilities
Twelve of the bugs being patched enable remote code execution, which is generally considered a critical flaw.

Google Buys Videoconferencing Software
While Google indicated that the software would be used to facilitate internal meetings, it eventually may be integrated into services like Google Talk or Google Docs & Spreadsheets.

Lawmakers Launch Move To Overhaul Patent System
The bill, backed by many software and technology companies, would give parties more leeway to question the validity of patents before and after they are granted by the U.S. Patent and Trademark Office.

AMD Nearly Out Of Cash, Says Analyst
Following a horrible quarter and market share losses, Advanced Micro Devices is within two quarters of running out of cash, according to an analyst.

Microsoft Releases Betas Of New Visual Studio, .Net Framework
There are more than 200 new features in the new version of Visual Studio, most aimed at supporting the newest versions of Microsoft software, enhancing developer productivity, and driving team productivity.

IBM Wins Swiss Bank Deal Worth $460 Million
As part of the deal, IBM will take management control of the bank's in-house IT services provider; about 300 employees will transfer to IBM under the arrangement.

Windows XP Redux: Dell Revives Predecessor To Vista
Dell said it would add Windows XP as an option for its Inspiron 1405, 1705, 1505, and 1501 notebook PCs and its Dimension E520 and E521 desktops.

Circuit City, Napster To Offer Joint Music Service
The music service will begin on April 29 with a subscription cost of $14.95 per month.

Half Of U.S. Workers Don't Use Vacation Time, Study Shows
Managers take more vacation time than their underlings, but they're also tethered to the office by their BlackBerrys and cell phones.

HP, Sun, Accenture Accused Of Offering Kickbacks In Gov. Contracts
The original whistle-blower suits were filed in U.S. District Court in Little Rock, Ark., by Norman Rille and his co-plaintiff, Neal Roberts.

All Our Latest News

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----- The latest research, polls, and tools -----

Moving Toward Enterprise 2.0
This InformationWeek Research report, Enterprise 2.0, will provide a glimpse into the adoption of Web 2.0 applications in the enterprise environment.

Benchmark Your Security Strategies
We invite you to benchmark your security strategies and tactics against those of your global peers with this fast, informative, and confidential security tool from InformationWeek and Accenture, a management consulting and technology services company.
To participate in the 2007 Security Survey, go to: https://surveys.cicresearch.com/Proj07761/default.asp

Enhanced Data Protection For SMBs: Leveraging Online Backup
An InformationWeek and Network Computing Vendor Perspectives Webcast Join us for a timely, interactive presentation to find out how remote, online backup and recovery can help SMBs meet and overcome their data protection challenges. Experts from Arsenal Digital Solutions will explore:

  • Implementing a full backup solution while minimizing capital expenditures
  • Developing the business case for backup and business continuity programs
  • Automating backup and recovery activities company-wide Date: Thursday, April 26 Time: 9 a.m. PDT/noon EDT

    -----------------------------------------


    4. The Latest Digital Life Blog Posts
    http://www.informationweek.com/blog/main/archives/digital_life/index.html

    The Year 2000 As Predicted In 1900: Did They Anticipate Wireless Phones And TV?
    It's always interesting to see what people in the past thought "the future" would be like. Predictions usually say more about the people in the age they were made than they do about the future. But sometimes, a few of these predictions really hit home.

    Apple May Subsidize iPhone: Another Sign The iPhone Is In Trouble?
    One analyst claims that Apple is seriously considering a subsidy strategy for the iPhone. This is completely the opposite of what Apple planned to do when it launched the iPhone in January. Could this be yet another sign that Apple is scrambling to save the iPhone?

    Freedom Of Speech And Civil Discourse -- Are They Mutually Exclusive?
    Have you caught wind of the absolute hysteria over the suggestion that that online discussion may have devolved to the point where a code of conduct might be needed?

    Why We're Devoting So Much Coverage To Second Life
    I've been exchanging some e-mail with a reader who thinks we're crazy for devoting so much space to Second Life. He's not the only one -- many critics think the media in general devotes too much space to Second Life. You don't have to look very far to find that attitude.

    Weighing In On Wal-Mart's Fluid Scheduling
    I'm in desperate need of some self-image enhancement therapy after reading some of the feedback from my piece about Wal-Mart and its implementation of workforce-scheduling software and my assertion that while some employees will have to adapt to new work schedules that can be fluid or even unpredictable, it's nevertheless an excellent business move by Wal-Mart because it will lead to greater customer value by pegging workforce deployment to store traffic.


    5. Job Listings From TechCareers

    The Chamberlain Group seeking SAP Web/Portals Architect in Elmhurst, IL

    Ohio University seeking Director, Information Security in Athens, OH

    Toyota seeking Central Operations Specialist in Georgetown, KY

    Telerik seeking Developer - Support in Newton, MA

    Associated Bank seeking Business Systems Analyst in Green Bay, WI

    For more great jobs, career-related news, features and services, please visit CMP Media's TechCareers.


    6. White Papers

    Turn Virtual Management Into Automated Best Practices
    Virtualization adds management overhead, which increases the time and staff required to manage these environments. Learn how to automate manual administrative and maintenance tasks, including provisioning, decommissioning, and patching virtual machines.


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