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The Senate passed the financial industry economic recovery plan. The proposed bailout will now head to the House of Representatives where it will be voted on tomorrow. The bailout grew from a two-and-a-half page outline to over 400 pages of legislation with over a hundred billion in tax cuts and assorted earmarks.

SONY has completed its total acquisition of SONY BMG. The company purchased the 50% of SONY BMG it didn’t already own from BERTELSMANN AG for approximately $1.8 billion. The deal gives SONY complete control over the second largest recorded music company in the world.

AMAZON may soon offer MICROSOFT business software as part of its EC2 cloud computing service. The deal would let users purchase access to servers running Microsoft software on a per use basis. The move shows that Amazon, who recently signed a similar deal with ORACLE, is set to go after the corporate market for cloud computing.

APPLE has decided to drop the non-disclosure agreement iPhone application developers were required to sign. The NDA was necessary before the application store was unveiled, however, since July it has been a burden on developers who haven’t been able to discuss application development or share code without violating their agreement. The news is wonderful for developers, customers, APPLE and innovation, who each stand to gain a lot from the lack of restrictions.

Today’s consulting question comes from Elaine U., an IT project manager from Philadelphia. Elaine asks, “Why does HP need to buy Lefthand Networks?” Shelly has the answer on Today’s edition of MediaBytes.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit shellypalmer.com.



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