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Tech News: Facebook Revealed to Have Hidden Risks Before Its IPO


Plus, Microsoft's CEO has his bonus cut and a crucial member leaves the board.

This column highlights the most interesting and useful tech commentary from around the Web each day.

Link: Facebook Fought SEC to Keep Mobile Risks Hidden Before IPO Crash
"When Facebook Inc. (NASDAQ:FB) filed its proposal Feb. 1 to go public, it touted the effectiveness of ads linked to customers' friends, citing research from Nielsen, the audience-counting company.

"Barbara Jacobs, an assistant director for corporation finance at the US Securities and Exchange Commission, was skeptical, as she and her staff vetted the filing to ensure Facebook had disclosed all material information to investors. The claim appeared to be drawn from marketing materials, not a Nielsen study, she wrote to Chief Financial Officer David Ebersman, 42."

Link: Samsung Targets Europe With Smaller Flagship Phone: Galaxy S III Mini To Pack iPhone 5-Sized Screen
"Samsung (PINK:SSNLF)will unveil a smaller version of its flagship Galaxy S III handset in Europe tomorrow – shrinking the screen from the 4.8 inches of its current flagship to an iPhone (NASDAQ:AAPL) 5-sized 4 inches. Reuters (NYSE:TRI) is reporting the handset will be launched in Europe. There's no word yet on whether Samsung plans to bring the device to the US."

Link: Ballmer Sees His Bonus Cut, Hastings Leaves Microsoft Board
"Microsoft (NASDAQ:MSFT) CEO Steve Ballmer saw his bonus shrink a little in 2012 while that of other Microsoft executives rose significantly, the software maker said Tuesday.

"Ballmer received a bonus payment of $620,000, about 91% of his target, the company said. Combined with a salary of $685,000 and other rewards, Ballmer received $1.3 million from Microsoft in its 2012 financial year."

Link: How Oracle (Yes Oracle!) Helped Amazon Suck Up The Cost Out Of Database Backup
"'s (NASDAQ:AMZN) massive retail operations require a ton of database power and related database backup. All that tape backup along with the robots and specialized software required to run them cost significant cash.

"The giant retailer uses Oracle (NASDAQ:ORCL) databases and Oracle Recovery Manager (RMAN) to automate backup using robotic tape library systems. The cost of all that back-up paraphernalia was non-trivial so when Oracle brought out Oracle 10g with updates that let RMAN back up directly to Amazon's S3 storage service, Amazon saw an opportunity to cut out the backup middleman, er robot."

Link: What Huawei And ZTE Could Actually Do To Your Company
"Any company that's using components made by Huawei (SHE:002502) and ZTE (SHE:000063) ought to 'be very concerned,' according to one US cyber-security expert who's familiar with past Chinese efforts to infiltrate private and government IT operations."

Link: Facebook, Google, & Apple Could Be the Banks of the Future: Gartner
"Research from Gartner, a technology research firm, believe the Internet companies such as Apple Inc., Google Inc. (NASDAQ:GOOG), and Facebook Inc play a significant role in shaping the banking industry for the future.

"Tech companies are growing rapidly, and offering different products and services that bring changes to the life of consumers. The Internet revolution changed how people shop, bank, play, and accomplish their work."
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