Earlier this year, Inventec Appliances (spun off from Inventec Electronics) was raided as prosecutors began looking for evidence to support charges of alleged insider trading, and now it looks like nine of the firm's employees could be headed to the slammer. Taiwan's Banciao District Prosecutors Office "alleged that nine executives and one lower level employee failed to publicly reveal a steep drop in iPod orders until after they had sold off nearly $22.4 million worth of stock," and although the employees knew of the order cuts as early as January 19th, nothing was publicly revealed until mid-March. Purportedly, prosecutors "are seeking the stiffest penalties against the two top executives," and if the evidence sticks, we have all ideas that Inventec will be huntin' a new Chairman (and President, too) in the not-too-distant future.

[Via TUAW]

It's been a long wait to see Ambient Devices' promise of "thin data" wireless devices finally come to fruition, but that doesn't mean all the charm has gone from idea. Case in point: this here Market Maven, which Ambient Devices is prepping to launch in September, might not do anything you can't already pull off with your Optimus Mini Three or even a simple desktop widget, but there's an undeniable beauty to the thing all the same. Of course, you might quickly forget how great this guy looks when you realize that all it can do is pull the DJIA, NASDAQ and S&P 500 activity every 15 minutes, tell you if the market is open, and let you know the time. That makes it hard to justify the $125 asking price, but the good news is that after you slap a few AAAs in this guy, it'll do its thing configuration free, with no pesky internet connection or subscriptions to deal with -- data comes courtesy of Ambient Devices' own Infocast Network, which reaches about 90% of US households. Oh well, we're still loving the umbrella.

Looks like Sprint's feverish approach to WiMAX just swallowed a chill pill, as the firm is reportedly "exploring new options for financing its ambitious plan." In a presumed effort to "soothe investor concerns about the cost of the WiMAX plan," the company is actually investigating a partnership or joint venture with Clearwire in order to simultaneously remove a potential competitor and gain access to the critical Clearwire markets in the southeastern US. Of course, Clearwire isn't one to shy away from high stakes partnerships, and the FCC nod for a WiMAX-class laptop card that it garnered just last month could fit in quite well here. Still, Clearwire is refusing to comment just yet on whether this possibility is even feasible, but the mere mention of a spinoff likely means that Sprint isn't feeling all too peachy about future WiMAX profitability. [Warning: Read link requires subscription]

[Via InformationWeek]