Technology

Disproving the adage that 'no publicity is bad publicity', a company today disowned a flood of emails that was apparently crafted to boost its stock price. Pay88 Inc claimed that it was an innocent pawn in an apparent 'pump and dump' scheme' run by unknown spammers.

The unwanted emails began appearing in inboxes on July 14, the company complained in a statement to the media.

A price cut is 'likely' for Sony's PlayStation 3 games console this month, say leading analysts in Tokyo.

Who makes the iPhone? If you answered 'Apple', you're wrong. The iPhone is a global effort. Tens of thousands of people at more than 30 companies on 3 continents work together to make Apple's first phone possible.

Apple, of course, designs the product, and also created the single most important 'component' – the software that gives the iPhone its unique personality.

One month after tens of thousands of PCs in China were disabled by a bug in its Norton antivirus software, Symantec has offered to compensate the owners. However, the compensation – more copies of the software that caused the problem – has sparked outrage on some online forums.

Microsoft is paying an unprecedented $50 million for exclusive rights to publish two episodes of the forthcoming game, Grand Theft Auto IV, on its Xbox 360 games console, according to statements from a senior executive at GTA IV publisher, Take-Two Interactive.

Take-Two has already recorded the payments in financial filings as deferred revenue, explained Lainie Goldstein, Take-Two's newly appointed CFO, in a conference call with analysts.