Dec 30
Baidu.com Inc., the Chinese operator of an Internet-search engine, said Chief Financial Officer Shawn Wang died in an accident while vacationing in China on Thursday.
A statement from the company on Saturday gave no further details on the accident.
Wang joined the company as CFO in September 2004; he’d previously been a partner at the accounting and consulting firm Pricewaterhouse Coopers.
Wang also sat as an independent director and chairman of the board’s audit committee at WuXi PharmaTech
the Shanghai provider of outsourced drug-development services.
Baidu went public on Nasdaq in August 2005 at $27 a share; less than 21/2 years later, it’s trading at nearly 15 times its IPO price. Baidu said the CFO’s duties would be assumed by the company’s senior managers for now.
Dec 18
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Dec 11
It looks like the porn industry is now also loosing money on pirating and tube sites. The big content making machines understands now that all the surfers want is just some five minute wanking material. The new generation of tube sites like XTube, RedTube, FuckTube and PornoTube is popping up all over the Internet giving the viewers of adult content just what they are looking for in short clips for free.
First one out to sue everybody is Vivid Entertainment Group. Last month they filed a lawsuit in Los Angles federal court against the adult site PornoTube and its owners, Data Conversions, which does business ad AEBN Inc.
It’s said that the lawsuit is very similar to the one files by Viacom against YouTube this year. But YouTube managed to work out deals with everyone suing them, sharing revenue generated while their clips still playing.
“We’ve decided to take a stand and say ‘no more’,” Vivid co-Chairman Steven Hirsch told the L.A. Times. “We will go after all the free sites.” Hirsch said he was not interested in making a deal similar to the ones YouTube has made. “I can’t be a policeman, and I don’t intend to be,” Hirsch said.
There is also another problem that the Vivid Entertainment Group has with PornoTube sites. Vivid is required by law to record the ages and birth names of its performers. And as we all know PornoTube sites does not always comply with that law and therefor they have an unfair competitive advantage, according to the lawsuit.
Farley Cahen, publisher of Adult Video News Online, said. “There are longer and longer clips that are free, and companies are at a loss over what to do.”
Vivid Entertainment Group suit is asking for damages of $150,000 for each infringing clip.
