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Cameras

Ritz Camera Closing 300 Retail Stores, Liquidation Sales Start Saturday

As part of its newfound bankruptcy status, Ritz Camera's gearing up to close more than 300 of its around 700 brick-and-mortar stores across the US, or about 43 percent of its retail presence. Starting April 4th, the affect stores will begin liquidation sales that'll go on until -- in the words of the press release -- "everything is sold to the bare walls." Forget DSLRs, if you were needing any fancy, brick-and-mortal shelving units, now might be your chance! Hit up the read link for a PDF listing all the closing stores.

Cell Phones, Cameras, Computers

Are Slashed Gadget Prices Set to Rise?

Are Gadget Prices Set to Rise?

There are some signs on Wall Street that this awful economy might just be starting to recover a bit, but even if it continues to flounder, some analysts are suggesting that you should seriously think about hurrying up and making that electronics-related investment you've been pondering. It's believed that the steep decline of prices on things like HDTVs and MP3 players is not only going to stop, but that those prices could begin to rise as consumer demand bucks economic trends.

While prices are still going down, that trend is bottoming out as prices of the components used in electronics, like flash memory and LCD panels, are beginning to rise. Higher component prices means higher production costs and, ultimately, higher retail costs. Also, with Circuit City finally closing its doors, tech mega-retailer Best Buy doesn't have to work as hard to get your money.

Finally, with more and more people spending more on home entertainment systems as opposed to vacations, eating out, and other outside the home diversions, it's believed that demand could rise. It doesn't take a degree in economics to know what that means.

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Computers

New Study Shows Phishing Not a High Income Business



Those who that think perpetrators of online fraud (phishers) are marauding around St. Tropez in a cigarette boat filled with the money of unsuspecting victims, take heart. They aren't rich after all, according to Slashdot. Well, most of them, anyway.

Phishers are running themselves out of business through oversaturation. The more one phisher works, the less phishing opportunities there are for others. The harder phishers work, the less money they actually make, since they're generally only raking in as much as they're expending for the crime. Funny, huh? Basically, most of them make the same money they would have made at legit jobs had they not turned to a life of cyber crime. For those in developing countries, there may be a slightly higher upside, but, as the study says, "increasing effort is a sign of failure rather than of success." Suckers! [From: Slashdot]

Video Games

Have 'Guitar Hero' and 'Rock Band' Peaked?




According to Electronic Entertainment Design and Research's "November 2008 Retail Sales Preview" report, the popularity of Guitar Hero is peaking. Predicting a sales decline of more than 50 percent from 'Guitar Hero 3' to 'World Tour' this month (and following a decline of 60 percent in October), it's expected that the game will begin a slow but steady decline in the months and years ahead.

"It is pretty clear that the series has already reached its peak among the mass-market audience," Jesse Divnich, director of analyst services for the firm, told Joystiq. He went go on to say that he doesn't believe this to be the end of 'Guitar Hero' or 'Rock Band,' and that they're "here to stay," and that they expects the franchises to continue for the next 10 years.

What's next? Are we going to start playing real instruments? Our money is on getting computers to play the games for us. Now, resume the faux rocking. [From: Joystiq]

Computers, Top Lists

The 20 Most Expensive Web Addresses



It used to be that you could pretty much get any address on the Web for free (or a small administration fee), but those days are long over. Now, if a company wants the perfect Web address for a new site, they may well have to shell out quite a bit of money. While most domain names (aka Web addresses) are still relatively inexpensive, there are a few that are well out of the average surfer's reach, says Dr. Mark J. Perry, professor of economics and finance at the University of Michigan - Flint.

On his blog, Dr. Perry -- going off a report by Patent Kinetics -- lists the 20 most costly domain name purchases of the past decade, all of them going for well over a million dollars. Topping the list, Sex.com went for $14 million in 2006, beating out the second costliest (and the most expensive of this year) Fund.com by nearly $4 million.

After that latter Web site, 2008's priciest purchases were Pizza.com ($2,605,000), DataRecovery.com ($1,659,000) and Invest.com ($1,015,000). In light of the recession, it is telling that the latter two sites did not make the all-time top twenty list, while the former crept in at number 20. [From: Patent Kinetics via MJPerry.Blogspot.com]

Computers

Dating Sites Getting Busier, Thanks to Market Drops


In the midst of the financial crisis, one line of business is reporting record revenues; increasingly, folks worried over the economy are looking for love on dating Web sites, according to Reuters.

While the Dow dropped by over four percent in the third quarter of 2008, making for a total decrease of 35-percent this year, PerfectMatch.com saw membership boom with a 47-percent increase in the third quarter. Similarly, Match.com executives report that November offered the largest membership spurt in seven years, while the folks at eHarmony.com note that, on days that the Dow drops significantly, the site's traffic increases.
"It makes a lot of sense. People seek out companionship in times of stress," eHarmony senior research scientist Gian Gonzaga told Reuters.

Experts also note that cash-strapped daters prefer to do their preliminary courtship online, avoiding the costs of meals, drinks or movies until they find suitable dates.

Although we don't have any data to back it up, we'd imagine that, with the unemployment rate being so high, you will have greater success on these sites if you claim a career with strong job-security -- like working for a dating site, for instance. [From: Reuters]

Audio/Video, TV

Economic Crisis Slows Gadget Spending, Blu-ray Adoption

Economic Crisis Slow Blu-ray Adoption

The economic crisis may spell trouble for Blu-ray and the next generation of HD media. The uncertainty in the markets has consumers scaling back their purchase plans for the holiday season, and big ticket tech items are suffering the biggest hits.

Consumer Electronics Association (CEA, the organization behind CES) is predicting an increase of 3.5-percent in spending on gadgets in the fourth quarter of the year, only half of the increase seen in 2007. On the whole, the CEA found that consumers expect to shrink their holiday budgets by 14-percent from last year.

In particular, some industry analysts expect Blu-ray to suffer the brunt of this cutback, especially because players and media are still expensive enough to keep Blu-ray from reaching commodity status. Plus, many consumers still have yet to embrace HDTV -- although high-def displays are becoming more common, they're still far from ubiquitous.

This could provide an opportunity for other media to swoop in and steal Blu-ray's thunder. High definition video on demand is becoming a more common offering from cable TV providers, and services like iTunes, Amazon, and Hulu are drawing in more and more viewers everyday. If some of these video over Internet offerings can figure out an easier way to get video to consumer television sets, Blu-ray may see its chances for market domination start to fade into the ether. [From: NY Times and SF Chronicle]

Cell Phones

Economic Crisis May Put the Squash on Unlimited Cell Plans

We hope you're not too attached to that unlimited data and voice plan you just picked out from your cell phone provider. The current economic crisis is putting the squeeze on cell phone companies, and they're responding by capping so called "unlimited plans" and raising prices.

Verizon Wireless announced that businesses that send text messages to users will be charged 3 cents per message, which may force some text-reliant start-ups to find a new method of delivering information. That announcement came just shortly after AT&T announced it would axing its $19.99 a month unlimited data plan for its pay-as-you-go GoPhone service.

These uncertain economic times may cause consumers to cut back on downloads and data services in general, which may cause providers to raise prices to compensate. Don't expect drastic increases though, as the current economic climate provides a prime opportunity for competitors to undercut each other and poach subscribers. [From: BetaNews]

Computers, Google

Economy Driving Users to Finance News Sites in Record Numbers

Ecomogeddon Drive Traffic to Financially Themed Web Sites
The financial crisis is actually proving to be a boon, for some. Finance-themed Web sites have seen huge increases in traffic, and even the little guys are noticing massive numbers of new visitors.

Understandably, major online financial outlets like the Wall Street Journal, AOL Money and Finance, and Yahoo! Finance have seen record levels of daily traffic, but it's what has been happening at the smaller sites that has been truly amazing. comScore, an Internet tracking company, has reported that GasBuddy.com (a site that directs visitors to the cheapest gas stations in their neighborhood) has seen its traffic jump by 30-percent. SavingAdvice.com, a site offers coupons and information of shopping deals, has said its daily traffic has increased dramatically.

The best barometer for what is driving Web traffic is usually Google searches, and in September, queries for 'stocks' nearly tripled.

Other companies may also see bright days to come thanks to the encroaching ecomageddon. FindHow.com, a site that specializes in Do-It-Yourself instructions for building and fixing things, expects to see growing demand in the coming months not just for its site, but for the DIY movement on a whole. [From: Yahoo! Tech]

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