YouTube intros built-in video editor

In an effort to make it easier for YouTube users to make changes to their videos after uploading them, YouTube is rolling out a new video editor, reports Cnet.

This isn't the standalone video editor meant for splicing together clips from multiple videos that has been available in the service's TestTube labs since last year.

Instead, it's designed to give users a way to do quick fixes without having to re-upload the video. It's like a retouching tool for photos, but for non-commercial video.

Groupon seeks to go public in October or November, people familiar with the matter told the New York Times yesterday, a week after the daily deals Web site put its IPO on hold for a few weeks as it waited to ride out global market turmoil, reports Reuters.

The company, which had postponed a road show to attract potential investors early this month, could go ahead with the presentations by mid-October, sources told the NY Times.

Groupon CEO Andrew Mason had earlier lashed out at critics in an internal memo to employees, which became public in August. The IPO restart is being driven in part by a resolution between the company and the Securities and Exchange Commission over the memo, sources told the newspaper.

A former SAP AG subsidiary has agreed to pay a $20 million fine as part of a plea to settle criminal charges that the unit illegally downloaded copyrighted material from rival Oracle, states The Wall Street Journal.

SAP on Wednesday said the defunct subsidiary, TomorrowNow, pleaded guilty to 11 counts of computer fraud and abuse, and one count of criminal copyright infringement.

"We believe that the resolution of this investigation is fair. We are pleased to have come to an appropriate conclusion of this process," an SAP spokesman said in a statement. The company noted that no other SAP entity will face charges.

Intel revealed the first Android tablets based on an x86 processor should be available in Q1 of 2012, according to SlashGear.

This tablet could be similar to the Red Ridge reference design tablet that the chipmaker showed off to demo Android 3.2 Honeycomb running on a Medfield-based tablet,

The Red Ridge reference prototype is packed with features to help manufacturers design their own tablets using Intel's Medfield chip. The tablet features a 1 280x800 touch-screen display, Bluetooth, GPS, WiFi, WiDi, NFC, and 3G support.

New Zealand business owners gripped by Rugby World Cup fever have been warned to keep an eye on their PBXs during festivities, says The Register.

The New Zealand Telecommunication Carriers Forum (TCF) claims the incidence of PBX fraud has increased fourfold during 2010, with around 30 to 40 New Zealand companies getting hit by international PABX fraudsters every month.

TCF CEO David Stone says there is a real danger that the incidence of PBX fraud will increase during the Rugby World Cup.