Cisco: Surprise! It's a server!
SAN JOSE -- San Jose-based Cisco Systems released a brand-new server
today that's 12 times faster than anything that's currently on the
market.
The so-called CRS-3 can deliver up to 322 Terabits of data per second.
The company says that's fast enough for every person in China to simultaneously make a video call.
It's also fast enough to stream every single movie ever produced in less than four seconds.
The company has invested $1.6 billion so far in its line of CRS servers.
Cisco says these servers will serve as the backbone of the next
wave in Internet technology, with superfast connection speeds coming in
the near future.
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Online retail sales could hit $249B by 2014
 SILICON VALLEY -- Optimistic new projections out this week on Internet retail sales.
Industry analyst Forrester Research estimates online retailers will
move nearly $173 billion worth of goods online by the end of the year
-- an increase of about $17 billion compared to 2009.
Forrester estimates the industry will be moving nearly $249 billion worth of goods online by the year 2014.
That's an increase of $93 billion over 2009.
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Apple tops again in Fortune's 'Most Admired Companies' survey
CUPERTINO -- Apple has topped the list for three years in a row. Full Story
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Silicon Valley executive facing prison for insider trading
SANTA CLARA -- A former executive at Santa Clara-based chip maker Atheros Communications is facing up to 25 years behind bars, after pleading guilty in the country's largest insider trading case to date. Full Story
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TiVo shares jump on unexpected court win
ALVISO -- Shares of San Jose-based TiVo jumped more than 50 percent in active trading today, after the company won an unexpected victory in court against two of its largest rivals. Full Story
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HTC rejects Apple patent claim, vows to fight it head-on
CUPERTINO -- The manufacturer of Google's Nexus One smartphone is responding to allegations it stole the technology that powers the iPhone. Full Story
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Report: Facebook wants a cut of virtual items revenue
PALO ALTO -- Before the day ends, game developers on Facebook will rake in tens of millions of dollars selling virtual items -- like digital chickens on Farmville, digital machine guns on Mafia Wars, and digital fish in Ocean Party. Full Story
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George Soros pours millions more into Yahoo
SUNNYVALE -- Sunnyvale-based Yahoo is getting a key endorsement from a major investor. Full Story
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Palm shares plunge on revised earnings outlook
SUNNYVALE -- Investors are watching shares of Sunnyvale-based Palm today, after the company issued a revised earnings forecast that was lower than previously expected. Full Story
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Former executive could testify in hedge fund insider trading case
SILICON VALLEY -- A former executive at Santa Clara-based Atheros Communications implicated in a massive insider trading case in Silicon Valley is waiving his right to arraignment by a grand jury. Full Story
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Sunnyvale startup unveils innovative energy converter
SAN JOSE -- Governor Arnold Schwarzenegger joined former Secretary of State Colin Powell in San Jose this morning -- to promote an innovative new power generator called the "Bloom Box." Full Story
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Rumor: iPad going on pre-sale this week?
CUPERTINO -- New rumors today about Apple's touchscreen tablet computer, the iPad. Full Story
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Chinese schools in focus in hacking investigation
SILICON VALLEY -- Security experts say the hackers were reportedly based out of two schools in China, and had been targeting companies much earlier than previously thought -- possibly as far back as April 2009. Full Story
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Analyst: Facebook now second-most popular Web site in U.S., beating Yahoo
PALO ALTO -- Facebook crossed a major milestone in January -- becoming the second-most-visited Web site in the U.S. Full Story
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