Apple kicks off iPad 3 production

Apple's manufacturing partners have begun production of the iPad 3, which will have a faster processor and work with long-term evolution (LTE) networks, a report has claimed, says PC World.

Bloomberg reports that production of the device began this month and will reach full volumes some time in February, according to a source.

The report, which focuses on claims made by three separate anonymous sources said to be “familiar with the product”, claims the third-generation iPad will use a quad-core processor and support LTE networks.

Facebook could be planning to launch its initial public offering (IPO) in May, according to V3.co.uk.

A report from All Things Digital cited unnamed sources in reporting that the company was looking to go public in the US spring. The site said the offering is likely to occur over the third week of the month.

An IPO from Facebook would be the largest from a technology firm in recent years. Recent valuations of the company have reached as high as $100 billion.

Cyber attackers have struck Zappos, the Amazon-owned fashion e-retailer, says the BBC.

The company has reset the passwords of 24 million customers and asked them to choose new ones.

It said names, e-mail addresses and other personal information may have been exposed, but not full credit card numbers.

Oracle has planned a huge swathe of security updates today, with 78 vulnerabilities among the hundreds of its products scheduled to be patched, reveals Computing.co.uk.

Oracle said in a security update that vulnerabilities will be addressed in the Oracle Database Server, Fusion Middleware, E-Business suite, Supply Chain, PeopleSoft, JD Edwards, Virtualisation, Sun and MySQL products.

Enterprises will be keen to test and install the patches as soon as possible, as some of the vulnerabilities could allow cyber attackers to infiltrate corporate databases and steal valuable data.