Archive for February 28th, 2008

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PayPal recently issued a warning regarding the Safari web browser. And it’s fairly dire: don’t use it unless you want to be a victim of online fraud.

Now that’s coming out swinging.

PayPal has left Safari out of its list of suggested browsers because it lacks two anti-phishing security features:

  • Safari has no built-in phishing filter to warn users of suspicious sites
  • Safari has no support for EV (Extended Validation) certificates, a secure web browsing technology that gives a visual cue in the browser when it visits a legitimate web site.

Until Safari updates its technology to incorporate these solutions, PayPal will advocate using IE7 and Opera, which are the only browsers that currently support EV certificates (the upcoming Firefox 3, along with its current beta, also add support for EV certificates).

So is the Safari browser really less secure because of these missing features? In our mind, it seems that phishing filters and EV certificates are secure only insofar as people are cognizant of the technology. Some studies show (download PDF) that EV certificates aren’t effective unless someone is specifically trained to notice the green address-bar notification. And how many times do you think some unwitting personal user has clicked through a warning of a possible phishing attempt?

In the tech support world, there’s a funny phrase where the support problem is described as a problem “between the chair and the personal.” The question is, is the phishing technology in place in IE7 (and others) effective enough to keep us from doing something stupid?

You make the call.

[via Yahoo! News]

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Nobody really noticed when a group of eBay sellers decided to boycott eBay in protest of eBay’s new fees and feedback policies. Not even the numbers seemed to notice, with hardly a hiccup in the volume of daily listings on eBay.

Rather than admit defeat, the same eBay sellers have decided to extend their boycott. Originally scheduled to end February 25th, the boycott will now continue to March 9th.

After all, boycotts work, right? Sure they do.

Like spray-on hair.

Like putting the Windows Vista logo on those “Vista Capable” machines.

eBay has yet to respond in any official capacity regarding the boycott, and it’s hard to imagine it ever will. The bottom line is that eBay remains the dominant online auction space, and with no real competitors in the same space, it can do whatever it darn well pleases.

[via AppScout]

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Before the bell: Futures lower ahead of GDP data; as earnings come in

Apple Inc. (NASDAQ: AAPL) COO Tim Cook, speaking at a Goldman Sachs investment conference, backed Apple’s goal of selling 10 million iPhones in fiscal 2008. AAPL shares are up over 2.6% in premarket trading. Cook also said Apple is open to exploring new ways of selling its iPhone including offering it with other networks. Next week, he stated, Apple will show developers how to create software for the iPhone. An event is scheduled for March 6.

Reporting today:

  • Gap Inc. (NYSE: GPS) is expected to report earnings of 33 cents a share in the fourth quarter.
  • Kohl’s Corp. (NYSE: KSS) is expected to report earnings of $1.34 a share in the fourth-quarter .
  • Hansen Natural Corp. (NASDAQ: HANS) is expected to report earnings of 39 cents a share in the fourth-quarter.
  • Viacom Inc. (NYSE: VIA) is expected to report earnings of 83 cents a share in the fourth-quarter.

Ford Motor Co (NYSE: F) aims to return to profitability in its core operations by 2009, meaning that Ford Executive Chairman Bill Ford Jr. could be compensated for his work in 2008 and future years after foregoing salary and bonus payments since 2005.

Google Inc. (NASDAQ: GOOG), internet search leader, is now aiming to become the go-to place for creating Web sites too as it keeps on adding functionality to the array of Office-like products it is offering. This day the company will debut a free service designed for those looking for a simple way to share information with other people working in the same company or attending the same class in school. Still, both Oppenheimer and Stifel Nicolaus cut their target prices on GOOG, from $715 to $600 and from $675 to $610 respectively.

Meanwhile, TechCrunch blogs on rumors regarding Google and Microsoft-Yahoo! bid. TechCrunch sources say Google not only hired a veteran M&A expert from Credit Suisse the day after the Microsoft bid was made, but that Google might acquire just under 20% of Yahoo’s stock at an inflated price. These are rumors.

Staying on the subject, it appears, according to FORTUNE, that late Wednesday afternoon, Yahoo Inc. (NASDAQ: YHOO) has submitted a Securities and Exchange report that called Microsoft’s (NASDAQ: MSFT) attempt to purchase the company a “significant distraction for our management and employees.”

JPMorgan Chase & Co. (NYSE: JPM) had its earnings estimates cut by Goldman Sachs Group Inc. (to $3.30 from $3.44) and Merrill Lynch & Co. (to $3.83 from $4.07) on expectations of writedowns in the value of its home-equity loans.

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