Archive for the ‘$5 Billion’ Category
DailyTech – The Ranting of a Madman: Google $5 Billion Lawsuit Dismissed Twice
Posted on: May 1, 2008
Jayne’s handwritten court documents (Source: Justia.com)
Pennsylvania inmate loses strange case in court of appeals
Pennsylvania resident Dylan Stephen Jayne saw his bizarre $5 billion “crimes against humanity” lawsuit against Google shot down a second time, this time by the U.S. Court of Appeals for the Third Circuit.
Jayne filed suit against Google last September, seeking $5 billion in damages over claims that Google’s founders committed aided terrorists and violated his privacy – due to the fact that part of Jayne’s Social Security number is somehow visible when the Google logo is turned upside down. His complaint was submitted, handwritten, to a Pennsylvania Middle District court along with motions to expedite nearly every step of his case – including motions to expedite payment, filing exhibits, and even a motion to expedite previously filed motions to expedite.
Pennsylvania District Judge James Munley dismissed Jayne’s suit sua sponte (on its own) nine days after it was filed, on the grounds that Jayne failed to make any actionable claims.
A month later, Jayne sought to appeal – again submitting a handwritten Motion to Appeal, taking the case to the Pennsylvania Supreme Court. The Appeals court chose to uphold the lower court’s decision, noting that Jayne’s claims – which invoked an obscure law that applied to state actors, to which Google does not apply – failed to demonstrate any instance of Google depriving him of Constitutionally-protected rights while the company acted “under color of state law.”
“It is clear that [none of the] criteria is satisfied here,” said the Appeals Court judge. “As explained by the District Court, Google and its founders are not state actors, and Jayne’s allegation concerning his coded social security number does not constitute a violation of the Constitution or federal law.”
Further, the court agreed that “any amendment of the complaint would be futile.”
- In: $5 Billion | Infosys | New York Times | Reach | Revenue
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Infosys Technologies said Tuesday that it expected its revenue to grow by 19 to 21 percent to US$5 billion in its current fiscal year, ending March 31, 2008.
“Despite concerns about a slowdown in the U.S., India’s second-largest software and services outsourcer also reported revenue of $4.18 billion for the fiscal year ended March 31 this year, a 35 percent increase over revenue in the previous year. The company’s profit for the year was $1.2 billion, up by 36 percent from the previous year. Revenue and profit growth was lower than in the last fiscal year, when the company’s revenue grew by 44 percent, and profits by 53 percent.
The results are based on U.S. generally accepted accounting principles (GAAP).
Infosys’ results come in the wake of increasing cost of staff in India, a strengthening of the Indian rupee against the U.S. dollar, and concerns about a likely slow-down in some segments of the IT market in the U.S. Though there could be short term challenges because of global economic uncertainties, Infosys expects significant growth opportunities in the medium and long term, it said Tuesday.
Infosys’ competitors Wipro and Tata Consultancy Services (TCS) are also expected to report revenue and profit growth later this month.”
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