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Tech News: Netflix CEO to Face SEC Investigation Over Facebook Post

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Plus, Google kills free apps for businesses.

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This column highlights the most interesting and useful business and financial commentary on technology from around the Web.

Bloomberg News
Link: Netflix CEO Hastings Faces SEC Action Over Facebook Post
"Netflix Inc. (NASDAQ: NFLX) and Chief Executive Officer Reed Hastings said they may face a US Securities and Exchange Commission civil claim over a July Facebook (NASDAQ: FB) post that coincided with the stock's biggest gain in almost six weeks.

"SEC staff alleges Netflix and its CEO violated rules governing selective disclosure, according to a company filing yesterday. The July 3 post by Hastings said Netflix viewing 'exceeded 1 billion hours' of videos in June. The shares rose 6.2% that day."

ABC News
Link: Judge Aims to Resolve Apple-Samsung Legal Dispute
"Urging the world's largest smartphone makers to settle their differences, a federal judge said she will issue rulings aimed at resolving a multifaceted legal battle between Apple Inc. (NASDAQ:AAPL) and Samsung Electronics (PINK:SSNLF).

"'I think it's time for global peace,' US District Judge Lucy Koh told lawyers for the two electronics giants, during a court hearing Thursday in San Jose.

TechCrunch
Link: Google Kills Free Google Apps for Business, Now Only Offering Premium Paid Version to Companies of All Sizes
"Google (NASDAQ:GOOG) has announced a change to Google Apps for Business - ending the free version of the product, offering only its Premium version which costs $50 per user, per year, regardless of the size of the company. The change was announced on Google's Official Enterprise blog. Existing Google Apps for business users who have free accounts get to carry on without paying the subscription fee but businesses wanting to sign up from now with have to pay."

VentureBeat
Link: Without iPhone, Japan's Biggest Mobile Carrier is Losing Subscribers at a Record Rate
"Remember when Japanese carrier NTT Docomo (NYSE:NTT) was the darling of the wireless world, could do no wrong, and was the subject of every adoring US report on how mobile in Japan rocked in every possible way?

"Fast-forward to today, and Docomo has just reported its biggest-ever loss in subscribers: 40,800.

"The reason? As Reuters notes, competitors Softbank and KDDI carry the iPhone. Softbank grew by 301,900 subscribers, and KDDI grew by 228,800."

ReadWriteMobile
Link: What Will It Take for Windows Phone 8 to Land a Deal With the Navy?
"The Department of the Navy's chief information officer, Terry Halvorsen spoke with reporters on November 26 about efforts the Navy is making in data center consolidation and mobile technology. Halvorsen didn't provide specifics on new platforms from mobile providers for the Navy, but he did indicate that the service is interested in moving in a more mobile direction. This could include, he said, implementing Windows Phone 8 (NASDAQ:MSFT), to augment or replace BlackBerries (NASDAQ:RIMM).

"The Navy has long been a Windows-based organization, and adopting a mobile platform that shares an interface and applications with desktop Windows makes sense. However, the Navy has also been looking at the Android and iOS platforms."
No positions in stocks mentioned.
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