Logicbank Media

South Korea is set to starting issuing notices of legal indictments via SMS in the new year.  Prosecutors feel that issuing notices of indictment via SMS would be more effective than via mail given the 75% of country’s population uses a mobile phone. 

Reuters reports that Lee Young-pyo, an administrative official said:

“Most people in South Korea [...]

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AOL formally announced its revised partnership with Google Inc. today.  Google has agreed to purchase a 5 percent stake in AOL for $1 billion giving AOL a valuation of $20 billion USD.  Google will also offer AOL advertising “credits” valued at $300 million which will allow AOL to promote its web properties on Google’s search [...]

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We are pleased to announce that the internet domain Fastmail.net has been sold to email service FastMail.fm. Details of the sale will be announced in a press release to be issued in conjunction with the closing of two major transactions this past week.
Having used FastMail.fm since its commercial inception in 2002, we are [...]

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Online film and video game company  AtomShockwave is set to announce the launch of a online video aggregation service AddictingClips.com.

The website maintains a directory of online video content, including short films, interesting commercials, and user generated content.  While the site currently doesn’t include any of its own content AtomShockwave intends to host user generated short videos.

At launch the site is believed to contain more than 1,000 links and appears to be closely modeled after AtomShockwave’s recent acquisition online game aggregator AddictingGames.com.  At the time of the acquisition, AtomShockwave announced that: (continued)

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One of the major internet domain transactions of 2005 has closed Escrow.  The transaction value is in the high six figures (US Dollars) and involves a short generic dot com internet domain.  A press release will be issued shortly.

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The Wall Street Journal reports that a deal between AOL and Google Inc. is imminent.  Google Inc. is taking a 5 percent stake in AOL for US $1 billion in cash.  That would give AOL a valuation of US $20 billion and alleviate some pressure on AOL’s parent Time Warner by parties including former AOL [...]

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Venture  Blog as an interesting article about the economics of the Long Tail curve and how it relates to content aggregation and filtering.  Content aggregators amass as much content as possible, regardless of its mass market popularity or niche focus, in order to establish “one stop” online shop.

The value to consumers from these content aggregators [...]

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HELSINKI (Source: Reuters) – Siemens believes North American telecoms operators could shift to the GSM mobile standard from the rival CDMA system, a senior company executive said in an interview published on Thursday.  Christoph Catselitz, the head of Siemens AG’s mobile networks business told Finnish business daily Taloussanomat.

“Latin America is already moving from CDMA technologies [...]

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A major internet domain purchase and sale agreement is set to close. A one word generic dot com is in the final stages of escrow. The purchase price for the domain, in the high six figures USD, will make this deal one of the highest recorded sales of the year. More details [...]

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Cingular Wireless, a venture of AT&T Inc. and BellSouth Corp., which has 25 percent of the US market for wireless subscribers, has entered into an exclusive three year deal with HBO.  Cingular’s share of the market was a factor in HBO’s decision to grant the company a three year exclusive.  The subscription service is expected to launch within the next several weeks with HBO’s top rated shows such as the “Sopranos” along with content developed by HBO specifically for mobile phones.  Cingular will offer short clips,  of up to four minutes in duration, from HBO shows for adults and children.  Cingular executives indicated that two companies can expand the agreement to allow for full length shows on a pay per view basis.  Initially, the content will play on phones by LG Electronics and Samsung.  Reuters reports that the deal’s exclusivity is will not prevent HBO from providing content to Apple’s iTunes Video service.  HBO’s Chief Executive, Chris Albrecht, indicated that a HBO hoped to enter into an agreement with Apple in the future.

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