Breaking: JP Morgan retracts Nano iPhone prediction

[TUAW] JP Morgan has just issued a note retracting Kevin Chang's earlier projection about a near term iPhone Nano. The new report says that the majority of Chang's assumptions appear to have come from a review of the patent that was published last week, adding that a near-term launch of an iPhone-nano product would be "unusual and highly risky."

Tivo, Amazon let you buy movies from your TV

[AP] The new ''Buy on TV'' feature allows TiVo users to search Amazon's video catalog and rent or purchase titles using their TiVo's remote control. The feature works for owners of TiVo Series2 and Series3 broadband-connected DVRs.

AAPL shares hit all-time high based on cheap iPhone predictions

[AP] A patent filing that was disclosed by the U.S. Patent and Trademark Office last Thursday further fueled the rumor mill. The patent application, filed in November, describes a multifunctional handheld device with a circular touch pad displaying illuminated symbols that could change depending on the mode in use. Drawings in the filing show an iPod-like device with a scroll wheel resembling a rotary phone dial. Apple enthusiast Web sites quickly offered up their interpretation: an iPhone Nano.

Nielsen to measure sites by time spent, not page views

[AP] "Based on everything that's going on with the influx of Ajax and streaming, we feel total minutes is the best gauge for site traffic," said Scott Ross, director of product marketing at Nielsen. "We're changing our stance on how the data should be" used.

Phishing tool creates new sites in 2 mins

[Computerworld] Easy-peasy-sleazy: A new piece of PHP code making the malware rounds can install a phishing site on a compromised server in about two minutes.

Nano iPhone could come out before Firefox 3

[Computerworld] Mozilla doesn't expect to release a public beta of the next version of its Firefox Web browser until mid-September at the earliest.

Bay Partners throws money at Facebook leeches

[VentureBeat] Silicon Valley venture capital firm Bay Partners said it wants to write checks of between $25,000 and $250,000 to developers writing applications for Facebook’s platform. The project is remarkable because it suggests the firm believes these applications may grow into major companies simply by gorging on the massive 29 million userbase of Facebook as a testing ground.

Ballmer sheds little light on software+services plans

[Infoworld] n a keynote at the Worldwide Partner Conference in Denver, Microsoft CEO Steve Ballmer shed more details on the plan other executives, such as Chief Software Architect Ray Ozzie, have been teasing out over the past year -- but not many more.