The ex-chairman and the son of the founder of South Korean-based company Samsung, Lee Kun-hee has been found guilty of tax evasion by the Seoul Central District Court; however, he will not serve three years at prison after the court handed down a suspended sentence.

He was charged for not paying about 47 billion won (or US$46 million) in taxes, and fined him 110 billion won (US$109 million). Prosecutors wanted him to serve seven years in jail and pay a 350 million won (US$347 million) fine.

However, the judge refused to give him the sentence, saying that the crime was not enough to serve prison time that the prosecutors wanted, and gave him three years of prison time and five years on a suspended sentence.

”The extent of his crime is not serious enough to sentence him to prison,” the presiding judge, Judge Min Byung-hun, said.

This is his second conviction. In 1996, he was found guilty of making payments to the former president Roh Tae-woo, who served as the South Korean President from 1988 to 1993. He was not the only chief that was convicted, many South-Korean family-run conglomerates, also known as chaebols, were also found guilty.

Sony has said that it will dump its 40GB version and will sell the 80GB at the original 40GB price, announcing it during its press conference at E3 in Los Angeles.

From September, it will sell an 80GB in the US for $399, a price cut of around $150. The new 80GB will have all the features and functions from the original 40GB, but it also implies that it will not support backwards compatibility since the 40GB did not have any software emulation, but the original 80GB did.

No announcement has been announced in Europe or any other territory other the United States.

All of Australia’s broadcasting corporations, including the public broadcasters and the regional affiliates, have announced a new initiative to follow the footsteps of similar plans in New Zealand and the UK, Freeview.

The ‘Freeview’ initiative was started in the UK to help drive the take-up of free-to-air digital television in Australia, with the ABC’s Director of Television, Kim Dalton, will chair the organization in Australia. In New Zealand, almost of all of their stations are apart of their version of ‘Freeview’; and it has exceeded expectations with installed receivers in over 100,000 homes.

In Australia, Freeview will contain all the free-to-air stations and their respective HD channels. As well, it will air ABC2, SBS World News Channel and the commercial stations’ new SD channels - bringing to to 15 channels.

Intel is expected to face new antitrust charges from regulators in Europe after focusing on the marketing and sales practices on the chip giant, according to the Wall Street Journal’s website and citing unidentified people that are claimed to be familiar with the matter.

The new charges allege that Intel offered inducements to retailers in Europe in return of selling Intel and not from its rival Advanced Micro Devices, or AMD. These charges come after several months of being investigated by antitrust regulators around the world, including the US and Japan.

It has faced little objections to its practices, however, in its home in the United States, except for the Federal Trade Commission’s investigation and one investigation done by the New York Attorney General.

A network administrator in San Francisco has been arrested, according to the San Francisco Chronicle, after taking control of the city’s computer network and locking the administrators out of the system.

Terry Childs, 43, is currently on jail on a $5 million bail after being arrested on Sunday. He is due to be arraigned on Tuesday. He is accused of tampering with the new fibre wide area network after being disciplined for his poor performance and was also accused of spying on his supervisors from their computers to see their attempts at firing him.

Officials have said that they are slowly regaining access to the system, but feared that he had rigged a system to destroy the data in the system remotely. The network is still up and running, even though the admins have limited or no access at all.

Twitter has made its first acquisition, buying the search engine Summize. Summize would also see five out of six employees being Twitter employees, the one who is not is its founder Jay Verdy, who has departed the company to work on a "new project".

Silicon Alley Insider has put the value of the deal at around $15 million, with the transaction being mostly in stock. The search engine is used to track any user’s posting on the microblogging tool, or known as tweets.

Nintendo has announced a new accessory for its Wii console at the E3 Business and Media Summit, the Wii MotionPlus. This accessory, which is to be connected on the Wiimote, will allow the player to do more intutive moves like frisbee throwing. This is to be released with a brand new title called Wii Sports Resort, which will include jet skiing and frisbee throwing.

As well, it announced a new game called Wii Music, which is like a clone of Activision’s Guitar Hero. The new game will use the Wiimote to play the 60 instruments it will feature. It will also sell something called a Wii Speak, a group microphone that will be used within games and online play.

The Wii Speak will sell for US$29.99.