Today in Tech: News around the Web

October 19, 2010, 10:30 AM UTC

Every day, the Fortune staff spends hours poring over tech stories, posts, and reviews from all over the Web to keep tabs on the companies that matter. We’ve assembled the day’s most newsworthy bits below.

“We think the current crop of seven-inch tablets are going to be DOA, Dead on Arrival.”
— Steve Jobs during Apple’s Q4 2010 earnings call (Fortune Tech)

  • Besides deeming 7-inch tablets from competitors a hopeless cause, Jobs used yesterday’s earnings call to also take on companies like RIM and Google, saying Apple has surpassed the former and that the latter is causing major problems for developers in terms of OS fragmentation. (Fortune Tech)
  • IBM’s third-quarter net profit increased 12% to $3.6 billion compared to a year ago, while revenue rose 3% to $24.3 billion also in the same period, surpassing analysts’ predictions. (AFP)
  • Facebook is moving quickly to plug any potential security and privacy risks after reports surfaced that some apps on the social network relay user information to advertisers. (One News Page)
  • On the charitable front, Facebook Causes, a charity app co-founded by Sean Parker and Joe Green, raised another $9 million in funding, bringing total funding to $16 million. (All Facebook)
  • Microsoft Chief Software architect Ray Ozzie is resigning from the company for unspecified reasons. Ozzie’s decision follows former Business Division president Stephen Elop, who left to take the top spot at Nokia. (eWeek)
  • Microsoft is backing the launches of Windows Phone 7 devices and its motion-controller Kinect with a cool $500 million campaign each. (Boy Genius Report and Exophase)
  • Apple sold 250,000 AppleTVs in 18 days. Is that a lot? Not when compared to other Apple product sales records. (9 to 5 Mac)
  • Twitter co-founder Biz Stone is the latest spokesman for Stoli Original. (Humorous ad below.) (Luxist)