The Lotus-Eaters -- Remember when the aborted Microsoft-Intuit merger - valued at over $2 billion - would have been the largest such deal in the history of the computing industry? No more! IBM today announced a $60 per share bid to take over Lotus Development Corporation. If the deal goes through it would be valued at approximately $3.3 billion, and IBM indicates it intends to pay for the purchase from "cash on hand." Lotus has resisted tight ties with IBM in the past, and this takeover bid has been characterized as "potentially hostile, IBM pursuing legal action to prevent Lotus from using a "poison pill" anti-takeover strategy. As of mid-morning, Lotus stock was up more than 25 points, with a volume over 10 million shares. [GD]
iMovie '09: Speed Clips up to 2,000%
iMovie '09 brings back the capability to speed up or slow down clips, which went missing in iMovie '08. Select a clip and bring up the Clip Inspector by double-clicking the clip, clicking the Inspector button on the toolbar, or pressing the I key. Just as with its last appearance in iMovie HD 6, you can move a slider to make the video play back slower or faster (indicated by a turtle or hare icon).
You can also enter a value into the text field to the right of the slider, and this is where things get interesting. You're not limited to the tick mark values on the slider, so you can set the speed to be 118% of normal if you want. The field below that tells you the clip's changed duration.
But you can also exceed the boundaries of the speed slider. Enter any number between 5% and 2000%, then click Done.
- IBM's Been Taking Notes (12 Jun 95)