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India's Biggest ATM Breach? 3.2 Million Debit Cards Across 19 Banks May Have Been Compromised ( 33

A total of 32 lakh (3.2 million) debit cards across 19 banks could have been compromised on account of a purported fraud, the National Payment Corporation of India said in a statement. BloombergQuint adds: "The genesis of the problem was receipt of complaints from few banks that their customer's cards were used fraudulently mainly in China and USA while customers were in India," the NPCI said. "The complaints of fraudulent withdrawal are limited to cards of 19 banks and 641 customers. The total amount involved is Rs 1.3 crore as reported by various affected banks to NPCI." SISA Security, a Bengaluru-based company is currently undertaking a forensic study to identify the extent of the problem and will submit a final report in November. Initial reports had suggested that ATMs operated by Hitachi Payment Services had been attacked by malware and were the source of the breach. However, the company has said in a statement that an interim report by the audit agency does not suggest any breach or compromise in its systems.

Samsung Forced YouTube To Pull GTA 5 Mod Video Because It Showed Galaxy Note 7 As Bomb ( 173

An anonymous reader quotes a report from Redmond Pie: The Galaxy Note 7 wasn't just recalled, it was cancelled. For good. And that makes Samsung very cranky indeed. So when YouTube user HitmanNiko created a video showing a Grand Theft Auto 5 mod in which Galaxy Note 7 handsets can be used as grenades, it's perhaps somewhat understandable that someone inside Samsung took offense to the idea. What's incomprehensible though is the fact that Samsung has apparently set about trying to erase that video, and presumably others like it, from the Internet. The first step? Forcing YouTube to remove HitmanNiko's video. Trying to view the video now does nothing but display a message which says that the video is "no longer available due to a copyright claim by Samsung Electronics America" which leaves quite the bad taste in our mouths. The biggest issue here is that this is arguably the worst misuse of the DMCA we have ever come across, simply because nothing was copied, unless Samsung is trying to claim that by making the in-game grenades look like Galaxy Note 7 smartphones then the video creator was in fact in breach of copyright.

All Tesla Vehicles Being Produced Now Have Full Self-Driving Hardware ( 167

An anonymous reader quotes a report from Jalopnik: All current Tesla models that will be produced in its Fremont, California factory will come with self-driving hardware built-in capable of Level 5 autonomy, including the upcoming Tesla Model 3, the company announced tonight. According to the announcement, Tesla will manufacture all of its cars with the hardware necessary for Level 5 self-driving systems going forward, including the Model S, Model X and new Model 3. At the introduction of the Model 3, it wasn't clear whether or not every Model 3 package would come standard with the hardware and software to handle Autopilot and any other self-driving features. That's been cleared up now, but there's a kicker. Just like on current Model S and Model X models, you can purchase the cars with the self-driving hardware included. But, in order to activate the software and actually use the Autopilot or upcoming advanced self-driving safety features, you will have to option it when you order the car, or pay more for it later. Elon Musk stated that the new hardware in all of Tesla's cars going forward are Tesla's own vision software, with a Tesla-developed neural net. The new hardware and software capabilities still need to undergo all of the testing required by Tesla's own standards, as well as government approval before unleashing Level 5 autonomous cars onto the streets.

Czechs Arrest Russian Hacker Wanted By FBI ( 53

Bookworm09 quotes a report from New York Times (paywalled, alternate source): A man identified as a Russian hacker suspected of pursuing targets in the United States has been arrested in the Czech Republic, the police announced Tuesday evening. The suspect was captured in a raid at a hotel in central Prague on Oct. 5, about 12 hours after the authorities heard that he was in the country, where he drove around in a luxury car with his girlfriend, according to the police. The man did not resist arrest, but he had medical problems and was briefly hospitalized, the police said in a statement. The FBI said in a statement that the man was "suspected of conducting criminal activities targeting U.S. interests. As cybercrime can originate anywhere in the world, international cooperation is crucial to successfully defeat cyber adversaries." ABC News reports: "Prague's Municipal Court will now have to decide on his extradition to the United States, with Justice Minister Robert Pelikan having the final say. Russian officials, however, are demanding that the suspect be handed over to them. Spokeswoman Marketa Puci said the court ruled on Oct. 12 that the man will remain in detention until the extradition hearing. No date has yet been set. U.S. authorities have two months to deliver to their Czech counterparts all of the documents necessary for the Czech authorities to decide on the extradition request."

Mark Zuckerberg Defends Peter Thiel's Trump Ties In Internal Memo ( 460

Soon after it was announced that Project Include, a community for building meaningful, enduring diversity and inclusion into tech companies, would no longer work with Y Combinator startups, Facebook CEO Mark Zuckerberg defended Thiel's status as a Facebook board member in a message to employees. "We can't create a culture that says it cares about diversity and then excludes almost half the country because they back a political candidate," Zuckerberg wrote. "There are many reasons a person might support Trump that do not involve racism, sexism, xenophobia, or accepting sexual assault." The Verge reports: A screenshot of the memo was posted to Hacker News yesterday, and it later surfaced on Boing Boing. A Facebook spokesman confirmed the authenticity of the five-paragraph memo to The Verge. It appears to have been posted on Facebook for Work, the enterprise version of Facebook that the company recently made available to other companies. Thiel's endorsement of Trump has put those CEOs in a difficult position. On one hand he is a close adviser; on the other, his support for an erratic, racist demagogue has outraged many of their employees and partners. Like Y Combinator's Sam Altman before him, Zuckerberg defended the company's ties to Thiel by saying that the company has a moral obligation to consider a variety of viewpoints, no matter how abhorrent. "We care deeply about diversity," Zuckerberg wrote. "That's easy to do when it means standing up for ideas you agree with. It's a lot harder when it means standing up for the rights of people with different viewpoints to say what they care about. That's even more important." Of course, as the designer Jason Putorti wrote on Medium this week, Thiel already has an outsized capacity to stand up for ideas he agrees with: he spent $1.25 million to promote them. Zuckerberg's memo reads as if he is defending Thiel's right to post on Facebook. In fact, the question is whether someone who promotes opposition to gender and racial equality should be allowed to serve as a steward for a company whose stated mission is to connect the world.

DNA Testing For Jobs May Be On Its Way, Warns Gartner ( 224

Reader dcblogs writes: It is illegal today to use DNA testing for employment, but as science advances its understanding of genes that correlate to certain desirable traits -- such as leadership and intelligence -- business may want this information. People seeking leadership roles in business, or even those in search of funding for a start-up, may volunteer their DNA test results to demonstrate that they have the right aptitude, leadership capabilities and intelligence for the job. This may sound farfetched, but it's possible based on the direction of the science, according to Gartner analysts David Furlonger and Stephen Smith, who presented their research Wednesday at the firm's Symposium IT/xpo in Orlando. This research is called 'maverick' in Gartner parlance, meaning it has a somewhat low probability and is still years out, but its potential is nonetheless worrisome to the authors. It isn't as radical as it seems. Job selection on the basis of certain desirable genetic characteristics is already common in the military and sports. Even without testing, businesses, governments and others may use this understanding about how some characteristics are genetically determined to develop new interview methodologies and testing to help identify candidates predisposed to the traits they desire.

Why Your Devices Are Probably Eroding Your Productivity ( 93

University of California, San Francisco neuroscientist Adam Gazzaley and California State University, Dominguez Hills professor emeritus Larry Rosen explain in their book "The Distracted Mind: Ancient Brains in a High Tech World" why people have trouble multitasking, and specifically why one's productivity output is lowered when keeping up with emails, for example. Lesley McClurg writes via KQED Science: When you engage in one task at a time, the prefrontal cortex works in harmony with other parts of the brain, but when you toss in another task it forces the left and right sides of the brain to work independently. The process of splitting our attention usually leads to mistakes. In other words, each time our eyes glance away from our computer monitor to sneak a peak at a text message, the brain takes in new information, which reduces our primary focus. We think the mind can juggle two or three activities successfully at once, but Gazzaley says we woefully overestimate our ability to multitask. In regard to answering emails, McClurg writes: Gazzaley stresses that our tendency to respond immediately to emails and texts hinders high-level thinking. If you're working on a project and you stop to answer an email, the research shows, it will take you nearly a half-hour to get back on task. "When a focused stream of thought is interrupted it needs to be reset," explains Gazzaley. "You can't just press a button and switch back to it. You have to re-engage those thought processes, and recreate all the elements of what you were engaged in. That takes time, and frequently one interruption leads to another." In other words, repetitively switching tasks lowers performance and productivity because your brain can only fully and efficiently focus on one thing at a time. Plus, mounting evidence shows that multitasking could impair the brain's cognitive abilities. Stanford researchers studied the minds of people who regularly engage in several digital communication streams at once. They found that high-tech jugglers struggle to pay attention, recall information, or complete one task at a time. And the habit of multitasking could lower your score on an IQ test, according to researchers at the University of London. The saving grace is that we don't need to ditch technology as "there's a time and place for multitasking," according to Gazzaley. "If you're in the midst of a mundane task that just has to get done, it's probably not detrimental to have your phone nearby or a bunch of tabs open. The distractions may reduce boredom and help you stay engaged. But if you're finishing a business plan, or a high-level writing project, then it's a good idea to set yourself up to stay focused."

'Cultlike' Devotion: Apple Once Refused To Join Open Compute Project, So Their Entire Networking Team Quit ( 223

mattydread23 writes: Great story about the Open Compute Project from Business Insider's Julie Bort here, including this fun tidbit: "'OCP has a cultlike following,' one person with knowledge of the situation told Business Insider. 'The whole industry, internet companies, vendors, and enterprises are monitoring OCP.' OCP aims to do for computer hardware what the Linux operating system did for software: make it 'open source' so anyone can take the designs for free and modify them, with contract manufacturers standing by to build them. In its six years, OCP has grown into a global entity, with board members from Facebook, Goldman Sachs, Intel, and Microsoft. In fact, there's a well-known story among OCP insiders that demonstrates this cultlike phenom. It involves Apple's networking team. This team was responsible for building a network at Apple that was so reliable, it never goes down. Not rarely -- never. Building a 100% reliable network to meet Apple's exacting standards was no easy task. So, instead of going it alone under Apple's secrecy, the Apple networking team wanted to participate in the revolution, contributing and receiving help. But when the Apple team asked to join OCP, Apple said 'no.' 'The whole team quit the same week,' this person told us."
The Almighty Buck

Samsung Hit With Class Action Lawsuit Over Exploding Galaxy Note 7 ( 41

An anonymous reader quotes a report from Motherboard: Samsung's Galaxy Note 7 troubles are continuing -- the company was just hit with a class action lawsuit in New Jersey focused on recovering cell phone contract fees for customers who were left with an unusable phone for several weeks. The suit has three initial plaintiffs, who say that they were left without a phone for the several weeks between when Samsung and the U.S. Consumer Product Safety Commission originally issued a recall and told consumers to "power down" their devices (September 9), and when the company began offering replacement devices (September 21). It also notes that Samsung didn't make enough replacement devices immediately available -- which is probably a good thing considering that the company ultimately had to recall those as well. "Samsung informed consumers they would have to wait several days, and even weeks in many cases, before receiving a replacement smartphone," the suit alleges. "During this time, and as a result of Defendant failing to provide consumers with an adequate replacement, consumers continued to incur monthly device and plan charges from their cellular carriers for phones they could not safely use." The total recall and destruction of Galaxy Note 7 phones is unprecedented for a modern smartphone, so there isn't much to look at in order to project whether the case will succeed. "Samsung has agreed to recall and reimburse the cost of the device, but their customers have had to continue to pay on their data and voice plans during the time they had to make their device inoperative until they received their replacement device," Richard McCune, one of the lawyers representing the class, told me. "That is the loss that the case is focused on."
Desktops (Apple)

Report: Apple To Unveil New Macs At An October 27th Event In Cupertino ( 142

According to Recode's sources, Apple's updated Macs will be unveiled at an event in Cupertino on October 27th. Recode reports: The move had been long expected, given that the company released MacOS Sierra last month but had yet to introduce any new computer models sporting the software. It also comes just in time for Apple to have the new products on sale for the full holiday season. Apple has gone a long time without making significant changes to any of its Mac models, with most experts encouraging customers to hold off all but essential new purchases until the lineup was updated. Tops among the rumors have been reports that Apple will introduce a new MacBook Pro sporting a row of customizable touchscreen keys. The Mac event is expected to take place at or near Apple's Cupertino campus rather than in San Francisco, where the company held many recent events, including the iPhone 7 announcement.
The Almighty Buck

Plaintiffs From Seven States Sue Comcast For Misleading, Hidden Fees ( 79

An anonymous reader quotes a report from DSLReports: Back in 2013 Comcast began charging customers what it called the "Broadcast TV Fee." The fee, which began at $1.25 per month, has jumped to $6.50 (depending on your market) in just three years. As consumers began to complain about yet another glorified rate hike, the company in 2014 issued a statement proclaiming it was simply being "transparent," and passing on the cost of soaring programmer retransmission fees on to consumers. There's several problems with Comcast's explanation. One, however pricey broadcaster retransmission fees have become (and keep in mind Comcast is a broadcaster), programming costs are simply the cost of doing business for a cable company, and should be included in the overall price. Comcast doesn't include this fee in the overall price because sticking it below the line let's the company falsely advertise a lower rate. Inspired by the banking sector, this misleading practice has now become commonplace in the broadband and cable industry. Whether it's CenturyLink's $2 per month "Internet Cost Recovery Fee" or Fairpoint's $3 per month "Broadband Cost Recovery Fee," these fees are utterly nonsensical, and inarguably false advertising. And while the FCC can't be bothered to take aim at such misleading business practices, Federal class action lawsuit filed this week in California is trying to hold Comcast accountable for the practice. Plaintiffs from seven states -- including New Jersey, Illinois, California, Washington, Colorado, Florida and Ohio -- have sued Comcast alleging consumer fraud, unfair competition, unjust enrichment and breach of contract. What's more, the fee has consistently skyrocketed, notes the lawsuit. Comcast initially charged $1.50 when the fee first appeared back in 2013, but now charges upwards of $6.50 more per month in many markets -- a 333% increase in just three years.

Clinton Campaign Considered Bill Gates, Tim Cook For Vice President ( 171

WikiLeaks has been releasing thousands of emails over the past couple of weeks belonging to Hillary Clinton's campaign chair John Podesta. One of the more interesting tidbits revealed from the email dump was the list of potential running mates considered by Clinton's campaign. The Verge reports: Clinton's vice presidential candidates, while not altogether surprising, include some vaguely interesting choices like Bill and Melinda Gates, Apple CEO Tim Cook, and General Motors CEO Mary Barra. In the mail, Podesta says he has organized the list into "rough food groups," one of which includes all the people mentioned above. Xerox CEO Ursula Burns and Starbucks CEO Howard Shultz are also in this "food group," along with Michael Bloomberg. With just under 40 names on the list, it's not immediately obvious how close any of these people came to actually being asked to take on the role (Tim Kaine is on the list).
The Almighty Buck

Apple is 'Intransigent, Closed and Controlling' Say Banks ( 283

Apple is increasingly trying to get banks to implement its Apple Pay mobile payments solutions, but some banks are avoiding Cupertino giant's offer, saying that the company is "closed and controlling". From a report on Financial Review: Three of Australia's big four banks have described technology giant Apple as being "intransigent, closed and controlling" and accused it of attempting to freeload on their contactless payments infrastructure while slowing innovation in digital wallets. In an increasingly acrimonious dispute, Commonwealth Bank of Australia, National Australia Bank, Westpac Banking Corp and Bendigo and Adelaide Bank are arguing that the engineering of Apple iPhones prevent them from delivering mobile wallets to millions of customers. This is because Apple Pay is the only application that works with the iPhone's "near field communication" (NFC) antenna, which communicates with payment terminals. In their latest, 137-page submission filed with the competition regulator, the banks argue that by locking them out, "Apple is seeking for itself the exclusive use of Australia's existing NFC terminal infrastructure for the making of integrated mobile payments using iOS devices. Yet, this infrastructure was built and paid for by Australian banks and merchants for the benefit of all Australians."

Netflix's Big Bet on Original Shows Finally Seen Paying Off ( 90

Netflix shares jumped as much as 20 percent on Tuesday, after the company added 50 percent more subscribers than expected in the third quarter. Reuters adds: At least 10 brokerages, including Goldman Sachs and RBC Capital Markets, raised their price targets on the stock, praising the company's focus on developing original content. The video streaming company also said it was getting ready to spend $6 billion on content next year, up $1 billion from 2016. "The benefits of Netflix-produced original content including attractive economics and greater control are clear and we believe returns on original spend are high," J.P. Morgan Securities analyst Doug Anmuth said in a research note. Strong subscriber additions after two quarters of disappointing growth helped Netflix post a 31.7 percent jump in third-quarter revenue. Anmuth said he believed Netflix was on track toward 60 million plus subscribers in the United States and about 100 million internationally by 2020.A study by IHS Markit this month noted that both Netflix and Amazon are challenging major networks by upping spending on original shows. The study noted that Amazon and Netflix both had doubled spending on new shows in the last two years. Amazon dropped $1.22 billion in 2013 and spent $2.67 billion in 2015. Netflix's spending on original content rose from $2.38 billion to $4.91 billion over the same period.
The Internet

Say Hello To Branded Internet Addresses ( 146

On September 29, Google published a new blog which uses .google domain rather the standard .com. It seems the company may have inspired other companies to tout their brand names in the digital realm as well. According to a report on CNET, we have since seen requests for domain names such as .kindle, .apple, .ibm, .canon, and .samsung. And it's not just tech companies that are finding this very attractive, other domain requests include .ford, .delta, .hbo, .mcdonalds, and .nike. From the report: Approval, of course, is just a first step. It's not clear how enthusiastic most companies will be about the new names. So far, Google is the eager beaver. What's fun for Google is a daunting financial commitment to others. A $185,000 application fee and annual $30,000 operation fee will keep mom-and-pop shops away from their own domains. Still, plenty of businesses other than Google see the new domain names as a good investment. Branded domains can add distinction to an internet address, and renting out generic top-level domain (GTLD) names can potentially be a lucrative business. At a January auction, GMO Registry bid $41.5 million to win rights to sell .shop domain names. And in July, Nu Dot Co won .web with a bid of $135 million. Hundreds of new top-level domain names are approved. The single most popular in use is .xyz. Hundreds of new top-level domain names are approved. The single most popular in use is .xyz. Where does all the money go? To a nonprofit organization called ICANN -- the Internet Corporation for Assigned Names and Numbers. The organization oversees internet plumbing on behalf of companies, governments and universities, as well as the general public.

Millimeter-wave 5G Modem Coming Mid-2018 With 5Gbps Peak Download ( 39

Qualcomm is promising to launch its first 5G modem in 2018, even though basic standards for 5G have yet to be established, nor even which part of the radio spectrum it will use. From an ArsTechnica report: Dubbed the Snapdragon X50, the San Diego chipmaker says its new modem will be able to deliver blindingly fast peak download speeds of around 5Gbps. The X50 5G will at first operate with a bandwidth of about 800MHz on the 28GHz millimetre wave (mmWave in Qualcomm jargon) spectrum, a frequency that's also being investigated by Samsung, Nokia, and Verizon. However, the powers that be have far from settled on this area of the spectrum, with 73GHz also being mooted. In the UK, Ofcom is investigating several bands in a range between 6GHz and 100GHz. As the industry as a whole is a long way from consensus, this could be Qualcomm's bid to get the final frequency locked down well before 2020 -- the year that 5G is expected to reach any kind of consumer penetration. "The Snapdragon X50 5G modem heralds the arrival of 5G as operators and OEMs reach the cellular network and device testing phase," said Qualcomm exec veep Cristiano Amon. "Utilising our long history of LTE and Wi-Fi leadership, we are thrilled to deliver a product that will help play a critical role in bringing 5G devices and networks to reality. This shows that we're not just talking about 5G, we're truly committed to it."

1 In 2 Samsung Galaxy Note 7 Owners To Switch To iPhone 7, Says Analyst ( 212

Branding Brand recently conducted a post-recall study asking Samsung Galaxy Note 7 users which smartphones they would consider upgrading to. While 40 percent of them said they are ready to jump ship to a different manufacturer, 30 percent of respondents said they are likely going to be switching to the iPhone. However, according to one analyst, that number could be even higher. Softpedia reports: KGI analyst Ming-Chi Kuo said in a note to investors that approximately 50 percent of those who ordered a Note 7 are now very likely to go for an iPhone 7, as customer trust is collapsing in the Samsung ecosystem and all these buyers are no longer planning to stick with phones manufactured by the South Korean firm. Between 5 to 7 million Note 7 orders are likely to transfer to Apple, the analyst says, and the iPhone 7 Plus is expected to be the main model benefitting from this transition. Other Android phone manufacturers, including Huawei, are also likely to benefit from Samsung's fiasco, and Google itself could also record an increase in Pixel sales following the Note 7 demise. But Apple will certainly take the lion's share here, mostly thanks to the iPhone 7 Plus currently being positioned as a direct rival to the Note 7.
The Internet

Anti-Defamation League and Pepe the Frog's Creator Are Teaming Up To Save Pepe From Hate-Symbol Status ( 376

An anonymous reader quotes a report from Business Insider: Matt Furie, the creator of the widely known "Pepe the Frog" meme, is joining forces with the Anti-Defamation League to reclaim the symbol from the alt-right and make it a "force for good," according to a press release. Furie and the ADL plan to start a social-media campaign by creating "a series of positive Pepe memes and messages" and promoting them with the hashtag #SavePepe, according to the release. The ADL declared "Pepe the Frog" to be a hate symbol in late September. "It's completely insane that Pepe has been labeled a symbol of hate, and that racists and anti-Semites are using a once peaceful frog-dude from my comic book as an icon of hate," Furie said in a column for Time magazine. While fiercely condemning the "racist and fringe groups" that use Pepe to propagate divisive views, Furie said Pepe was meant to "celebrate peace, togetherness, and fun." The meme, which originated from a 2005 cartoon, has been hijacked by the alt-right movement in the past several months. Members of the movement have used the meme to convey often racist and anti-Semitic messages. The messages prompted the ADL to add Pepe to its "Hate on Display" database, which documents anti-Semitic hate symbols. According to the ADL's press release on the #SavePepe campaign, Furie will speak at its "Never Is Now" summit against anti-Semitism on November 17 in New York City. The panel will focus specifically on online hate campaigns. Furie published a new Pepe cartoon on Monday detailing his "alt-right election nightmare," which depicts a sad Pepe morphing into a frog that resembles Donald Trump and then a monster. Pepe appears trapped in the mouth of the monster. The next panel depicts a nuclear explosion. Pepe then awakes and hides under his mattress.

Project Include Drops Y Combinator As Peter Thiel Pledges $1.25 Million To Trump ( 608

Peter Thiel's support for U.S. Republican presidential candidate Donald Trump has given Silicon Valley a headache. This past weekend, Thiel donated $1.25 million to his campaign, which is driving away partners from Thiel's Silicon Valley accelerator, Y Combinator. Today, Project Include, a community for building meaningful, enduring diversity and inclusion into tech companies, said that it would no longer work with Y Combinator startups. "Thiel's actions are in direct conflict with our values at Project Include," the group's co-founder, Ellen Pao, wrote in a Medium post. "Because of this continued connection to YC, we are compelled to break off our relationship with YC." The Verge reports: Founded in 2005, Y Combinator has incubated some of the biggest tech companies of the past decade, including Airbnb, Dropbox, and Stripe. It faced a barrage of criticism over the weekend for refusing to dissociate itself from Thiel, who took an advisory role with the organization in 2015. In a series of tweets, YC's president stood by Thiel. "Cutting off opposing viewpoints leads to extremism and will not get us the country we want," Sam Altman wrote. "Diversity of opinion is painful but critical to the health of a democratic society. We can't start purging people for political support." In her post, Pao rejected the idea that Thiel's donation could be dismissed as political speech. "We agree that people shouldn't be fired for their political views, but this isn't a disagreement on tax policy, this is advocating hatred and violence," she wrote. "Giving more power to someone whose ascension and behavior strike fear into so many people is unacceptable. His attacks on black, Mexican, Asian, Muslim, and Jewish people, on women, and on others are more than just political speech; fueled by hate and encouraging violence, they make each of us feel unsafe."

Razer Acquires THX, the Audio Pioneer That George Lucas Started ( 44

An anonymous reader quotes a report from VentureBeat: Most of us know THX as the logo that comes up when we hear that zooming sound at the start of a film in a surround-sound movie theater. The company is a pioneer in audio technology, and today, gamer gear maker Razer is announcing that it has acquired the majority of THX Ltd.'s assets. Terms of the deal were not disclosed. Irvine, Calif.-based Razer said that it has also hired the management team and employees of THX, which George Lucas started in 1983 to develop audio-visual reproduction standards for movie theaters, screening rooms, home theaters, computer speakers, game consoles, and car audio systems. It will be an interesting match with Razer, which makes laptops and peripherals for game fanatics. THX will operate as an independent startup under its own management and apart from the ongoing business of its parent company. The audio technology business will have discretion to seek agreements with other product makers, service providers and financial partners apart from Razer.

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