Sony just reported that through the fourth quarter of 2008, their profits plummeted a staggering 95%, losing $1.67 billion. The reported down profits were taken from last year's Christmas season, usually the time of the year that all companies including Sony sell the most products. This is the first loss that Sony has reported since 1995 when they produced several box-office flops. In lieu of the situation, Sony is reportedly cutting 8,000 jobs and going to shut down five or six of the 57 worldwide factories. Will the headless chicken that is the economy ever recover?

Boys and girls, it's time to dust off your Pegasos II machine, or maybe to reduce the size of your MorphOS partition, because there's a new contender coming your way: ACube Systems Srl has announced the immediate availability of AmigaOS 4.1 for the Pegasos II. It's 01:40 here, so I can't check if the sky is falling, but I'm pretty sure it is.

From the announcement email: "On behalf of the NetBSD Release Engineering team, I am proud to announce that the first release candidate of NetBSD 5.0 is now available for download. Those of you who have been paying close attention will have noticed that RC1 was tagged on Sunday. A few hiccups delayed the availability of binaries, but they can now be downloaded from here."

Yesterday, we reported on the security flaw in Windows 7's UAC slider dialog, and today, Microsoft has given a response to the situation, but it doesn't seem like the company intends to fix it. "This is not a vulnerability. The intent of the default configuration of UAC is that users don't get prompted when making changes to Windows settings. This includes changing the UAC prompting level." I hope this reply came from a marketing drone, because if they intend on keeping this behaviour as-is in Windows 7 RTM, they're going to face a serious shitstorm - and rightfully so. Let's hope the Sinfoskies and Larson-Greens at Microsoft rectify this situation as soon as possible.

SkyOS has always been criticised for the fact that you have to pay for it in order to beta test it. I personally never saw a problem with this construction, especially since the price included a full copy of SkyOS 5 (they dropped the five) once it was completed. However, as of late, it has become increasingly clear that there may never be anything like a final version - or another test release for that matter. Update: In the comments, Robert Szeleney explained the current SkyOS situation in more detail. For future readers who find this article via a search engine, I've attached Robert's comment to the actual story for completeness' sake. The reply can also be found on the SkyOS website.

At OSNews, we usually do not report on individual security breaches, because there are websites specifically tailored to that sort of thing. Still, every now and then, an interesting security issue pops up that deserves some attention. How about this one: through a simple VBScript, you can completely disable UAC in Windows 7. The reason for this might surprise you. Update: Microsoft's response.

The usually reliable Wall Street Journal claims that Dell, the world's no. 2 computer maker, will enter the smartphone market in an effort to make up for the lost income due to the economic downturn. They say the Texas company is planning on releasing several models, pitching them against RIM's and Apple's phones.

Sure, you can buy a netbook and run Linux on it, but what if that's still too clunky and big for you? What if you want a mobile internet device, one that is open source, preferably? Even though the OpenPandora project appeared to be shrouded in a cloud of vapour, the product design team has now published a video of the open source MID in action.

"As someone who wants Microsoft to be cooler, I'm all for them making an aggressive pitch to consumers. I say make Windows 7 a simplified, colorful, fun experience for everyday users. Emphasize how it can store and share music and photos. Keep those potential Mac users from switching. Heck, open up retail stores while you're at it. But of course Microsoft has to walk the line here. By kowtowing to consumers, it runs the risk of neglecting its core customer, the business user. In a recent interview on CIO.com sister site Network World, Windows blogger and editor of Supersite for Windows Paul Thurrott contends that Microsoft is biting the hand that feeds it by leaning heavily on consumer features with Windows 7. Enterprise needs have been reduced to an afterthought, he says."

There has been a bit of a buzz lately surrounding some indeterminate patent threats going back and forth between Apple and Palm. Palm is about to launch the Pre, which supposedly could infringe on a number of iPhone patents. Both companies have stated that they will defend themselves against any possible patent infringements. Engadget enlisted the help of two patent attornies, and they took a good look at both sides and came up with some interesting results: while Palm could be infringing on Apple's patents, Apple sure as water is also infringing on a number of Palm patents. Still, that doesn't have to mean anything.

Currently, NVIDIA is really missing out on the netbook market, which is dominated by all-Intel platform designs. NVIDIA has finally woken up to this reality, and the outspoken cofounder, president, and CEO of NVIDIA, Jen-Hsun Huang, has launched an all-out campaign to promote his company's Ion platform - and he isn't shy of flinging some poo to Intel and netbooks in general.

Calm down, calm down. It was simply a manner of speech. No, they haven't developed the all too popular garments that render the wearer invisible, but we are about to take a look at some pretty spiffy technology that will doubtlessly save you some space in the family room as well as give you something to brag about to your somewhat less technologically inclined friends: "invisible" speakers.

The open source leader and founder of the Ubuntu Linux distribution explains the elements that can inspire innovation and change the world--or at least your small piece of it. He'd be one to know, huh?

PCMag has listed its 10 favorite Internet Explorer 8 add-ons, with an explanation of new accelerators and Web slices, including a Digg Web slice and a Facebook accelerator. It looks like IE8 will make browsing more efficient with these two new useful features.