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Newswatch 8.7.07: Reyes convicted on all counts

Reyes, ex-Brocade CEO, convicted on all counts

[AP] Former Brocade Communications Systems Inc. CEO Gregory Reyes was convicted Tuesday of defrauding investors in the first stock options backdating case to go to trial. The guilty verdict on all counts is an important validation of the Justice Department's options backdating probe, which has so far led to criminal charges against at least 10 executives.

Qualcomm's cheating waived right to patent enforcement

[Reuters] A federal judge has ruled that Qualcomm Inc. waived its rights to enforce two technology patents asserted against rival chip maker Broadcom Corp. by concealing documents and patents, the companies said on Tuesday.

Judge kills record-setting judgment against MSFT

[TopTechNews] A federal judge in San Diego shocked Alcatel-Lucent by throwing out its $1.5 billion award against Microsoft for infringement of certain MP3 patents. In March, a jury had found Microsoft liable for infringing two of Alcatel-Lucent's patents and issued the largest patent-infringement award in history.

AAPL unveils new iMacs

[News.com] Apple CEO Steve Jobs introduced two new iMacs at the start of an event held Tuesday at Apple's headquarters in Cupertino, Calif. The 20-inch and 24-inch iMacs are the latest editions of Apple's all-in-one iMac design. They are made from aluminum and glass, and come with a new keyboard. Both the new keyboard and the iMac itself are thinner than the previous edition.

Dell buys Zing

[GigaOM] Dell has been bitten by the consumer electronics bug again. It has acquired Mountain View, Calif.-based Zing, a company started by Tim Bucher, a former Apple employee. Terms of the deal were not announced.

Cisco profits, revenues up

[Infoworld] The dominant networking vendor's revenue rose 18 percent from a year earlier to $9.4 billion while its earnings per share grew 24 percent to $0.31. Net income was $1.9 billion.

Silverlight makes MLB debut

[Infoworld] MLB.com currently is using the technology to show video highlights of baseball games, integrating the Silverlight player with news stories and other content on the site.

Bloggers can be journalists

[Lawgarithms] The bill defines the practice of journalism as “gathering, preparing, collecting, photographing, recording, writing, editing, reporting or publishing of news or information that concerns local, national or international events or other matters of public interest for dissemination to the public.”