Toyota warns of first ever annual operating loss

As if it isn’t bad enough for the big 3 US auto makers. By the way I love my 2005 Ford Explorer!!

 

From the Wall Street Journal this morning:

 

Toyota warned it expects to post its first-ever annual operating loss and a slim net profit, showing how even the world's most-competitive companies are struggling in the global economic slowdown.

 

Japan's biggest company by market cap said it expects consolidated operating loss of ¥150 billion, or about $1.68 billion, in the fiscal year through March 31, 2009, hurt by sliding demand in the U.S., Europe and Japan and the rising yen against the dollar. The revision came just six weeks after Toyota revised down its operating profit forecast to ¥600 billion for the current fiscal year, compared with ¥2.27 trillion in the year-earlier period. Toyota said it expects to book a net profit for the current fiscal year of ¥50 billion, helped by interest income and dividend from affiliates. That's less than a tenth of its previous forecast of ¥550 billion and ¥1.72 trillion it posted in the year-earlier period.

 

"It's a kind of emergency that we've never experienced before," said Toyota President Katsuaki Watanabe, speaking at a news conference. "The environment surrounding us is extremely harsh."

 

http://online.wsj.com/article/SB122992788012825897.html?mod=djemTAR

 

 

 

 

 

3 reasons why we love the internet

I believe these three youTube videos sum up the why we love the internet so
much.

http://www.youtube.com/watch?v=49jKeGyUCJE

http://www.youtube.com/watch?v=xp9Gm-aRe5A

http://www.youtube.com/watch?v=Yu_moia-oVI

Really not much else to say. And can you really get those songs out of your
head?

Doug

Twin Cities tops for business

Even in the cold, frigid north country for the second year in a row the Twin Cities are ranked at the top of a national survey for best places for business. Could it have to do with the fact that some of CBS MarketWatch is based in the Twin Cities???

 

http://www.marketwatch.com/news/story/players-change-twin-cities-still/story.aspx?guid=545526D2-EE56-472C-B568-749D0EA2AE88

 

1.       Twin Cities

2.       Boston

3.       Denver

4.       Washington, DC (Northern Virginia actually)

5.       Richmond, VA

6.       Charlotte, NC

7.       Columbus OH

8.       Nashville & Dallas (tie)

10. San Francisco

 

 

 

Sezmi -- this service is going to be HOT

Sezmi is a startup targeting high def and on demand content at a very reasonable price point. Broadcasts over the air, then works sort of like a digital recorder.

 

This service will be VERY COOL. Some company called Harris is working with them to set this all up.

 

http://www.pcmag.com/article2/0,2817,2334642,00.asp

 

Sezmi, a set-top box provider which aims to provide content from both broadcast networks and the Internet to consumers, has wrapped up technical trials and is preparing for a consumer rollout early in 2009.

 

The company has completed its "first milestone," David Allred, senior vice president of marketing and product management at Sezmi. The company has successfully tested its service with Fisher Communications and Tribune Broadcasting in Seattle, and begun broadcasting through a partnership with Harris in Melbourne, Florida.

 

 

 

This problem was caused by Windows, which was created by Microsoft Corporation

Gotta love Microsoft. Just got this error message in Vista and had to share…

 

 

 

Yet Another Mac Exploit

Even though the Mac is touted as very secure – as the installed base of Macs increases, it will increasingly become a target for viruses. Here is yet another example of the early trend. Note also that this exploit is not found “in the wild” yet.

 

Trojans exploit Mac OS X ARDAgent flaw.

 

Building on the Trojan released last week, a group of hackers appear to be targeting the

Mac OS X platform with more variations. Last Thursday, Mac antivirus vendors Intego

and SecureMac reported a serious vulnerability within the Apple Remote Desktop Agent

(ARDAgent). It is part of the remote-management component of Mac OS X 10.4 and

10.5, and is owned by root. Thus, the ARDAgent executable runs this malicious code as

root without requiring a password. The Washington Post on Monday reported the

presence of a hacker forum devoted to the development of Trojans around this

vulnerability. The particular user forum at MacShadows.com has since been removed.

The Post was nonetheless able to obtain screenshots from the forum before it was

erased, and also a copy of the Mac Trojan template. Buried within the template was an

e-mail from one of the Trojan’s authors, “Andrew.” Despite their existence, there is no

evidence these Trojans are circulating widely on the Internet.

 

Source: http://news.cnet.com/8301-10789_3-9976122-57.html

 

 

Rootkit for Cisco routers

Sweet.

Just like Microsoft in desktop PCs, Cisco devices are the dominant device in networking. A hacker has developed a "rootkit" that can do malicious things to the router and perhaps traffic flowing through it -- undetected. Of course, the would be hacker would have to obtain the router admin password which would be "Very Difficult To Do". Not. (Hint: try password, Password, Password1 or P@55w07d. If none of those work try starfleet ship names or planets from st@r w@rs)

May 14 - Hacker writes rootkit for Cisco's routers.

A security researcher has developed malicious rootkit software for Cisco Systems' routers, a development that has placed increasing scrutiny on the routers that carry the majority of the Internet's traffic. A researcher with Core Security Technologies developed the software, which he will unveil on May 22 at the EuSecWest conference in London. Rootkits are stealthy programs that cover up their tracks on a computer, making them extremely hard to detect. To date, the vast majority of rootkits have been written for the Windows operating system, but this will mark the first time that someone has discussed a rootkit written for IOS, the Internetwork Operating System used by Cisco's routers. "An IOS rootkit is able to perform the tasks that any other rootkit would do on desktop computer operating systems," said the developer. Rootkits are typically used to install key-logging software as well as programs that allow attackers to remotely connect with the infected system. A Cisco rootkit is particularly worrisome because, like Microsoft's Windows, Cisco's routers are very widely used. Cisco owned nearly two- thirds of the router market in the fourth quarter of 2007, according to research firm IDC. In the past, researchers have built malicious software, known as "IOS patching shellcode," that could compromise a Cisco router, but those programs are custom- written to work with one specific version of IOS. The new rootkit will be different. "It could work on several different versions of IOS," he said. The software cannot be used to break into a Cisco router -- an attacker would need to have some kind of attack code, or an administrative password on the router to install the rootkit, but once installed it can be used to silently monitor and control the device.
Source:

http://www.pcworld.com/businesscenter/article/145898/hacker_writes_rootkit_for_ciscos_routers.html

Sent via BlackBerry by AT&T