GameStop announced today that it has called off a decision to find a private buyer for the company and its subsidiaries. "The announcement ushered in the public company's largest stock-value dip in over 10 years, seeing it plummet in one day from $15.49 to (as of press time) $11.28 -- a dive of roughly 27 percent," reports Ars Technica. From the report: The Texas-based gaming retailer had been linked to acquisition rumors, as The Wall Street Journal reported earlier this month that multiple private equity firms had been circling GameStop -- and its subsidiaries, including the merch-focused ThinkGeek and the gaming magazine Game Informer. That report had suggested a deal might close by mid-February.

However, Tuesday's statement indicated that prospective deals fell through "due to the lack of available financing on terms that would be commercially acceptable to a prospective acquirer." The rest of the statement offers little clear hint of the company's next steps beyond pumping the cash from a recent subsidiary sale into options such as "reducing the company's outstanding debt, funding share repurchases, or reinvesting in core video game and collectibles businesses to drive growth."

cartechboy writes: First, it was Chrysler last month with its Uconnect system being hacked while being driven down the road. Now, it's Tesla's turn. That's right, the Silicon Valley automaker's very own Model S electric car has been hacked by two white-hat hackers. The duo were able to manipulate the speedometer, lock and unlock the car, and at speeds of less than 5 mph they were able to make all the electronics go blank and shut down the car while engaging the emergency parking brake dragging the car to a stop. Tesla's already issued a software update that owners can download to path the security flaw. Welcome to the new world where cars can be hacked thanks to all their electronics.

suraj.sun writes with news that the e-book reader market is getting more competitive. The Boy Genius Report got its hands on pictures of the Kindle 2, successor to Amazon's first e-book gadget. The new version is a bit bigger, with edges that are less awkward, and it has a revamped key layout. On the same day these pictures were found, Sony announced that a new model of its Reader would be getting a touchscreen, allowing users to "turn the page by swiping their finger across the screen" and "annotate text using a touchscreen keyboard." The advances for each gadget may help them regain market share against the iPhone, which, according to Forbes, has eclipsed both in popularity as a reading device. Hopefully the competition for sales and the work being done by the OLPC Project will help to drop prices as well.

Ian Lamont writes "More than six months after HD-DVD gave up the ghost, there are several signs that Sony's rival Blu-ray format is struggling to gain consumer acceptance. According to recent sales data from Nielsen, market share for Blu-ray discs in the U.S. is declining, and Sony and its Blu-ray partners are trying several tactics to boost the format — including free trial discs bundled into magazines and cheap Blu-ray players that cost less than $200."

brigc writes "Here's one that's got me stumped. A friend of mine who is blind asked me for help tracking down a cell phone for him. He's interested in a flip phone with well-defined separations between the keys, and as much voice control as possible. Battery life is the only other thing he mentioned. Preferably something that would work on AT&T's network in the US. We spent part of the afternoon in a local AT&T store checking out all the flip phones they had and didn't find one he really loved. Anyone have any ideas?" There was a story some months back about a phone that would read to you by interpreting pictures from the built-in camera, but it doesn't have much information about usability. I'm sure it'd be handy to have some sort of text-to-speech option for common cell phone features like caller ID and text messaging, or even just reading menu names.

chareverie writes "A law just passed in New York now requires labels for violent content in video games that are already rated, as well as having parent-controlled lockout features installed in consoles by 2010. The law has caused an uproar with civil rights groups who claim that such a law is unconstitutional. A legal challenge is already in the works by the New York Civil Liberties Union who cite that similar laws that have been brought to courts in California, Illinois, Minessota, and Washington state have been deemed as unconstitutional. NYCLU legislative director Robert Perry also says that the 'new law is a "back door" way of regulating video game content.'"

zehnra writes "The U.S. Senate this afternoon passed the FISA Amendments Act, broadly expanding the president's warrantless surveillance authority and unconstitutionally granting retroactive immunity to telecommunications companies that participated in the president's illegal domestic wiretapping program. The House of Representatives passed the same bill last month, and President Bush is expected to sign the legislation into law shortly." The New York Times has a story, as does the Associated Press (carried here by Yahoo!). Reader Guppy points out the roll call for the vote.

kingston writes ""As I say to my students 'if you had to have brain surgery would you prefer someone who has been through medical school, trained and researched in the field, or the student next to you who has read Wikipedia'?" So says Deakin University associate professor of information systems, Sharman Lichtenstein, who believes Wikipedia, where anyone can edit a page entry, is fostering a climate of blind trust among people seeking information. Professor Lichtenstein says the reliance by students on Wikipedia for finding information, and acceptance of the practice by teachers and academics, was "crowding out" valuable knowledge and creating a generation unable to source "credible expert" views even if desired. "People are unwittingly trusting the information they find on Wikipedia, yet experience has shown it can be wrong, incomplete, biased, or misleading," she said. "Parents and teachers think it is [okay], but it is a light-weight model of knowledge and people don't know about the underlying model of how it operates.""

coondoggie writes "While the skies aren't exactly buzzing with unmanned aerial vehicles (UAVs) just yet, experts are warning their explosive growth will require military and public officials to address the issue sooner than they might think. The four chiefs of service aviation and intelligence, surveillance and reconnaissance (ISR) branches told the Army Aviation Association of America's unmanned aircraft symposium last week that the military should crystallize combat air control regarding UAVs, while domestic authorities must work out access and use of UAVs in domestic airspace. "I'm surprised we haven't had a collision yet," said Rear Adm. Joseph Aucoin, director of the Navy's aviation plans and requirements branch."

space_mongoose writes "Hitachi thinks that a simple chemical additive could significantly improve battery life. Alkaline batteries have a positive electrode of manganese oxide and a negative electrode of finely powdered zinc, but zinc oxide forms around these grains of zinc. Hitachi's solution is to replace the zinc with a fine powder of zinc-aluminum alloy, displacing the zinc within the zinc oxide layer making it a much better conductor."

Andy Updegrove writes "In early May, Massachusetts issued a 'Request for Information' on plugins that could help ease the transition from a Microsoft Office based environment to one relying on ODF compliant software. Now the seven responses received have been posted by the ITD: six from vendors large and small — and one from Microsoft that purports to be informational, but in fact gives no information beyond what is already publicly available. Like everything else in the ODF saga, many of the responses are as much political as technical, with some delivering off-topic messages, one (from the ODF Foundation, strangely) refusing to disclose much at all, and several contradicting each other on the technical challenge of working with Office absent further code disclosures by Microsoft. All in all, they make for an intriguing read on multiple levels — offering more of an Easter egg hunt than informative offering. It will be interesting to see which, if any, of these offerings the Mass. ITD decides to utilize."

Michael J. Ross writes "To modify a digital image, most computer users turn to a GUI-based image processing application, such as Photoshop. However, while Photoshop and many other similar programs can process multiple images in batch mode, they still require manual usage, and thus typically are unable to process images via a command line or within a second application. Those capabilities call for a programmatic digital image manipulation tool such as ImageMagick, which is explored in a relatively new book, The Definitive Guide to ImageMagick." Read the rest of Michael's review.