Senseg's tactile display gets demoed on a tablet, products anticipated within 24 months

We've seen Senseg's tactile display technology demoed on a few different devices in the past, but CNET has now gotten a quick look of the company's latest tech on a tablet, along with some additional word on its future. As with previous prototypes, the screen doesn't rely on any moving parts as some other tactile displays do, but instead employs an electrostatic field-based system that allows different parts of the screen to produce varying degrees of friction. As Senseg notes, that opens up a number of interesting possibilities for gaming, as well as other applications where you may not always want to look at the screen. Of course, that tablet is still very much a prototype, but Senseg's Dave Rice says that he's "optimistic" we'll see actual products using it "within the next year," although he notes that could extend to 24 months. See the video after the break or at the source link below.

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Zynga hopes to raise about $1 billion in IPO (AP)

NEW YORK ? Hoping to harvest some fresh cash, the online game company behind "FarmVille" said Friday that it plans to raise $1 billion in an initial public offering of up to 100 million shares.

Zynga Inc. is the latest in a spate of IPOs by Internet companies this year, ranging from professional networking service LinkedIn Corp. to the online deals site Groupon Inc. They're all precursors to Facebook's public debut expected sometime after April next year and possibly fetching as much as $10 billion for the social networking service.

Zynga, whose games are played mainly on Facebook, plans to sell its shares at $8.50 to $10 each. If the shares are priced at $10, Zynga will be valued at $7 billion based on the number of its total shares. That's a smaller valuation that the company's shares have traded recently on SharesPost, a secondary stock exchange used to trade the stock of privately held companies. There, a recent trade valued Zynga at $11.7 billion.

The company expects to sell 14.3 percent of its available stock, according to a filing with the Securities and Exchange Commission. That's a relatively high "float," and could give investors confidence that the company isn't trying to artificially inflate its value. Groupon raised some concerns when it sold just 5.5 percent of its outstanding stock. Though not unprecedented, the amount was below that of many prominent tech companies, such as Google (7.2 percent), Amazon (12.6 percent) and LinkedIn (8.2 percent).

The offering gives investors the option to buy an additional 15 million shares to cover over-allotments, bringing the total number of shares for sale to 115 million.

Tech IPOs aren't always hits. Shares of Internet radio company Pandora Media Inc., are trading below their IPO price and Groupon is slightly above and has fluctuated wildly. Unlike those two, however, Zynga is profitable. The company makes most of its revenue by charging small amounts of money for virtual items in its games. Players pay for new crops in "FarmVille," for example, or new buildings in "CityVille," its most popular game.

The company plans to use the proceeds from the offering for general corporate purposes such as game development, marketing and other expenses. It also plans to use part of it for its philanthropic venture, Zynga.org.

Zynga has about 2,300 employees. It was founded in 2007 by CEO Mark Pincus.

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Associated Press Writer Mae Anderson in New York contributed to this story.

Source: http://us.rd.yahoo.com/dailynews/rss/internet/*http%3A//news.yahoo.com/s/ap/20111202/ap_on_hi_te/us_zynga_ipo

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