Security software maker Cheetah Mobile Inc, a unit of Chinese software company Kingsoft Corp Ltd , filed with U.S. regulators on Wednesday to raise about $300 million in an initial public offering of American Depositary Shares.
Beijing-based Cheetah, formerly known as Kingsoft Internet Software Holdings Ltd, told the U.S Securities and Exchange Commission in a preliminary prospectus that Morgan Stanley, J.P.Morgan, Credit Suisse and Macquarie Capital were underwriting the IPO. (r.reuters.com/dyr28v)
IBM has not relinquished its customers' data to the US government and would challenge any orders to do so, the company said in a blog post over the weekend.
The post by the world's largest technology service provider is the latest backlash by a tech company against US electronic surveillance practices, following reports alleging the government spread malware to break into computers.
Law enforcement agencies in California are using devices that mimic cellular base stations to track mobile users, public records have revealed, triggering charges that the practice may be unconstitutional.
The U.S. last week brought charges against two Arkansas men for operating an e-mail hacking website, needapassword.com, which offered to obtain passwords to any e-mail account for a fee. The scheme, operated by Mark Anthony Townsend of Cedarville, Ark., and Joshua Alan Tabor of Prairie Grove, affected some 6,000 accounts, according to a Jan. 24 press release from the Federal Bureau of Investigations. Cedarville and Prairie Grove have a combined population of less than 6,000 people. Yet the investigation into the website stretched around the globe.
A deal between the United Arab Emirates (UAE) deal to buy two intelligence satellites from France worth $930 million is in trouble after the US NSA tried to put backdoors into the technology.
Two high-resolution Pleiades-type Falcon Eye military observation satellites contained two specific US-supplied components that provide a back door to the highly secure data transmitted to the ground station.