EC backs funding to salvage Galileo GPS project ... Intel reaffirms 32-nm chip plans ... SAP charts new waters with hosted ERP

TOP STORY
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EC backs funding to salvage Galileo GPS project

The European Commission Wednesday proposed taking on the entire €3.4 billion ($4.7 billion) cost of creating Galileo, Europe's answer to GPS.

"Galileo will make money, and with the E.U. as its owner, it will generate income for the E.U. budget," said transport commissioner Jacques Barrot at a press conference Wednesday.


IN THE NEWS
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SAP charts new waters with hosted ERP
SAP AG is stepping into uncharted waters with the launch of its hosted business applications service on Wednesday. The move will give it a head start over Microsoft Corp. and other rivals, but could also mean SAP learns the hard way that offering hosted ERP on a wide scale is difficult to do.

Metrics that matter: How malware tries to steal your money
Two senior security veterans from Trend Micro Inc. are trying to get the industry to change how it classifies malicious software. They argue that today's classification system, which tends to focus on the technical way the software works, neglects a far more important metric that matters more to users: how it tries to steal your money.

Germany will get iPhone on Nov. 9 too
Apple Inc. has partnered with network operator T-Mobile to introduce the iPhone in Germany on Nov. 9, the companies announced on Wednesday.

EC's Kroes slams DOJ reaction to Microsoft ruling
European Union Competition Commissioner Neelie Kroes has slammed comments from the U.S. Department of Justice about Monday's European court ruling on an antitrust judgment against Microsoft Corp.

Cisco fleshes out Microsoft cooperation
Cisco Systems Inc.'s highly publicized cooperation with Microsoft Corp. on unified communications will focus on sharing presence information as well as on voice mail, Web conferencing and other areas, a Cisco executive said Tuesday.

Report: VA's IT security still needs work
The U.S. Department of Veterans Affairs has made some progress since a May 2006 data breach, but it has not completed 20 of 22 recommendations from an internal auditor, according to a report released Wednesday.

Is HP reining in orders for Q3 and Q4?
Although a report indicates the world's largest PC vendor may be cutting back on some orders to PC manufacturers for the third and fourth quarters of this year, an executive at the company said the problem isn't in laptop PCs.

Acer, Gateway deal gains U.S. antitrust approval
Acer Inc.'s planned $710 million acquisition of U.S. PC vendor Gateway Inc. won antitrust approval in the U.S. as the clock struck midnight Monday, Gateway said.

Google tests interactive ads service
Google Inc. is testing a new advertising format that it hopes will make people spend more time looking at ads online, and even embed them in their own Web sites.

Fujitsu makes SAAS acquisition in U.S.
Fujitsu Consulting in the U.S. has bought Okere, a New York-based consultancy and software-as-a-service (SaaS) provider.


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GADGET GIVEAWAY
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ITWHIRLED
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In utero Mozart not such a great idea after all
http://www.itworld.com/itwhirled/#badidea
Are you pregnant and dreading the hours you need to spend playing classical music to your belly so that your kid will get into that exclusive preschool? Well, rejoice! It turns out that the fabled IQ bump from listening to classical music as an infant (or in utero) only really amounts to one or two IQ points -- and only really appears to improve paper-folding abilities.

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