Federal prosecutors on Friday unveiled a broad criminal case against billionaire hedge fund manager Raj Rajaratnam and five others accused of netting more than $20 million in profits by trading based on inside information about the stocks of Google and other companies.
Prosecutors described the case as a new, aggressive phase in the government’s pursuit of financial crime. It is the largest insider trading case ever involving a hedge fund, and the investigation for the first time used wiretaps to obtain evidence of insider trading.
In the past few days many of T-Mobile’s myTouch 3G and G1 handset customers were sent a serving of Donut, the newest version of Google’s Android operating system for mobile phones. While a glance at the home screen of Android 1.6 doesn’t reflect much of a difference over version 1.5, a look under the hood reveals a wealth of sweet surprises.
In addition to a raft of minor fixes, Donut offers a new speech-synthesis tool, new GPS-enabled features, an enhanced search routine, a rebuilt Android Market and many other adjustments. The 57MB update that arrived on a myTouch 3G took just a few minutes to download with a fast data connection and just a few minutes to install, including a restart of the phone.
Everyone is still searching for what exactly Google Wave’s role will be in the web going forward. We think it’s still too early to tell, but one man, Joe Sabia, has put together maybe the most impressive Wave demonstration yet. Is he doing something extremely useful? No. He’s using it to reenact scenes from Pulp Fiction and Good Will Hunting. The result is brilliant.
“I used Pulp Fiction to show features, usability, and overall functionality for an audience that has yet to see Google Wave. It’s engaging and fun,” Sabia writes to us. And while he may not be doing something like working or using Wave to replace email, he is showing the potential of using a platform that is very dynamic.
More importantly, it’s hilarious. And it features two excellent scenes from two great movies, reenacted, in Wave. Watch below (obligatory NSFW warning).