It might tumble due to the dilution, but it might also spike do to removing the uncertainty about the fine and the financial impact of paying it. Markets are funny that way.
Of course, what investors would want is a broad settlement that covers all the various aspects of liability, including anything it may owe to consumers and other governments. Companies sometimes try to satisfy the uncertainty by taking a write-down of the expected amount of the end settlement so that it hits the books right away, but then they're gambling that the real settlement won't be higher (and they've shown what they expect to pay, so it won't likely be much lower).
No, I'm saying that if the market cap stays the same due to dilution, if they paid the fine in stock, the government would end up with 23% of the total.
Of course, markets aren't logical, so it's an academic argument. The point was to put the size of the potential fine in perspective with the size of the company.
No, if they wanted to pay the fine in newly-issued stock, the issuing of the new stock would dilute the value, so (assuming a logical market), they would have to issue enough to result in the government owning 23% of the company. That's not issuing 23% more stock, it's more like 30%.
Of course, the market isn't logical, so the real amount they would have to issue would be different. The point of my post is to put the size of the potential fine in perspective of the total value of the company. It implies to me that they can raise the money if needed.
For reference, $18B would be about 23% of the market cap of the company. In other words, if the company were to pay such a fine by issuing new stock and giving the stock to the government, the government would end up with 23% of the company (or so goes the math if the stock market were being logical).
That's not what's going to happen, but it shows that the company should be able to raise the money to pay the fine if it comes to it. Of course, such things usually take many years of lawsuits and appeals before it's all settled, which is why these things often are settled out of court for a lower price.
Yes, when the car in front of me turns, it's a second or two slow in recognizing that it's clear. When someone cuts in front of me on the highway, if they're going faster, it doesn't slow down, even if I'm briefly following closer than it would normally allow.
One thing to point out is that the same hardware that supports emergency braking is also what is used for adaptive (or "traffic aware") cruise control. I find this to be an incredibly useful feature. It takes most of the stress out of traffic jams. And if everyone had it (and chose to use it), it would eliminate many traffic jams.
It even works in city traffic. With cruise control on, if a car in front of me stops for a red light, my car automatically stops behind it. All I do is steer. It works really well.
I like that all of the Big Three American automakers are included: Ford, GM, and Tesla.
The biggest names missing are Fiat/Chrysler, Honda, Hyundai, and Kia. I'm not surprised that the Koreans aren't included, as they are going for the bottom of the market where there's not as much padding for added costs.
I bought a new car this year, and it has it. I'm very glad to have it, even though it has triggered once or twice when there was nothing there due to a sensor glitch. The reason I have a new car is that I failed to brake in time to avoid an accident.
Yes, the technology isn't perfect, but it's a lot better than not having it.
As we get more of these features, it should result in fewer accidents and lower insurance rates.
I was thinking of posting this as a serious answer. There are far too many web sites that require IE. These are mostly internal corporate sites where the developer can say that IE is the corporate standard, so it doesn't matter if it doesn't run on anything else.
So yes, I find that IE is the most common reason I boot Windows (in a VM under Linux).
This is the behavior of a company that doesn't see the technology going forward anytime soon, but wants to fund some research to get control of some patents just in case.
If they were spending ten times that amount, then that would be serious.
Of course, this might just be one part of a larger R&D program. They don't talk about what they're doing in-house; this is just additional spending to fund outside research to make sure they get a share of any patents that are generated.
They should have built something to compete with Echo. Put in some good speakers and a microphone, then hook it up with the software they already have with Google Now so that you can ask it things with "OK Google," and then they have something. Now it's just a router.
No, you missed the point. When you change the size, you get new modes of use. Like sitting flat on a table with people sitting around it playing a game together. Of course, what they envision people using it for, what application writers envision, and what people actually find desirable are all likely to be different. The model of it just being a larger tablet is likely to be very wrong.
The front camera needs to have a built-in swivel, so that it can aim if the user is at an angle from the device.
Try 4GB instead of 2GB RAM. That's probably just bad info, as other Samsung products already have more memory.
Apps! They need lots of special apps to take advantage of this. They should partner with gaming companies to have app versions of Monopoly and other well-known board games where the tablet is the board, and players sit around it. It may even use bluetooth to let players have secret information on only their handsets.
Yes, of course the teacher couldn't be wrong. In fact, in this case he couldn't be, because he was just repeating whatever the textbook said. The textbook could be wrong, but I'm sure it was approved by many committees with rigorous overview. That's probably why there weren't any references to evolution in the textbook.:)
Good point, though, that just because the textbook we used said to use the right index finger for '6', that doesn't mean it's the accepted standard that everyone agrees with.
I think the comparison to Echo is obvious based on the design alone. That was my first thought when I saw a picture. But when I read the specs, it looks more related to the Nest products than Echo.
That said, I do hope they move to compete with Echo. I really like the idea of it, but Amazon tends to keep things too closely tied to their services for my taste. I would prefer to have something a bit more open (play local media, for example).
Yes, really. I had been using computers since 6th grade (for a unit in Gifted & Talented, they bussed us across town to the one school that had Apple IIs for a BASIC programming unit--best thing that happened to me in all of elementary school [6th grade was the last year of elementary school in that district]). I, like many others, developed my own two-fingered approach.
I knew I wanted to touch type, but I hadn't managed to teach myself. I had been looking forward to being able to take typing in high school (9th grade was still junior high, so that meant 10th for me). Perhaps it was my attitude of embracing the class that made it work for me. In any case, I was probably at 80wpm at the end of the class. Over the next two years, I did a fair amount of typing for pay, in addition to my computer tinkering, so the skills really solidified.
I think typing should be a required subject in school for everyone one. The only question is how early kids will be physically ready (hands large enough). I suppose by the time they implement it, voice input will finally take off and make it irrelevant by the time the kids graduate.
I took a typing class in 10th grade (the first opportunity I had back in the 80s). It was the most practically useful class I had in high school. The class was very clear in teaching that you use your right index finger for 6 and 7, while your left does 4 and 5. Going down the keyboard, the left index finger also does T, G, and B, while the right does Y, H, and N. The only one I do wrong is 6.
Now looking at my keyboard, 6 is almost centered between F and J, the home positions for the index fingers, but it's ever so slightly closer to F, so perhaps they were teaching the class wrong?
The summary says the reservoir has enough water to supply the city for three weeks. So instead of spending millions to preserve the water, use it up. Let the other supplies have a break for a few weeks, and then you don't have to worry about the empty reservoir.
They say the new DNA outperforms the standard DNA in evolving to meet the researcher's criteria. That means it changes more easily. In other words, it's less stable.
In most situations, what we want is stability. Nature needs some ability to mutate and evolve, but considering that the wrong mutations result in cancer and death, too high of a mutation rate leads to failure. I suspect this is particularly true in long-lived larger organisms.
Adding a backdoor that is secure is very easy to implement. The government just needs to publish a public key. You then encrypt your private key using that public key and include it with whatever you encrypted. This would be much like the lock box on a house that holds the front-door key that only real estate agents showing the house are supposed to be able to access. And there's no reason it would be limited to just one. Opening a connection to a server in Turkey? Better include lock boxes for both your own government and the Turkish authorities.
The only big hole is the security of the government's private key (or more likely, keys).
The tricky part is that this government lock box has to be added to the common protocols. And how many different protocols would have to be updated? TLS, ssh, PGP, etc. What are the odds of introducing flaws that allow for new attack vectors when introducing the back door? For example, could you trick a victim's computer into thinking it needed to include the lock box for some jurisdiction that you control?
Now while the technical side of this could be made to work, as a public policy, it's a horrible idea. Let's not just say it can't be done and forget about it. We need to fight this as bad policy.
I serve on the Planning Board in my small New England town. We've looked at some of these same measures, but many of them are eliminated because they make it more difficult for snow plowing. Anything involving raised crosswalks or bump-outs gets push-back from the DPW. Paint gets mostly sanded off every winter.
Separated bike lanes ("cycletracks" is the buzzword here) are great. The problem is our roads are too narrow and old, so even if we have the money to put them in, there simply isn't enough space without using eminent domain to take land for widening. That doesn't go over very well.
It's great that they can do these things in San Diego. It's unfortunate that we can't do all the same things here. Every location needs to find solutions to improve safety that work in that location.
Lots of good advice in other posts, so I won't reiterate everything.
The one thing I wish our house had was more space. We could use another linen closet. We could use a pantry for the kitchen--especially now that we do a lot of real cooking. Having higher ceilings would be a huge benefit. I would *really* like to have an extra half-car space on the side of the garage for the lawn mower and bikes.
I'm very glad there was a weird closet in the basement of our house which is now our wiring closet. I'm sure others have talked about that, though.
We had a central vacuum when I was a kid, and we hated it. The best use for a central vacuum system is to rip out the vacuum and use all the tubes as conduit for wiring. I guess that's really very much a matter of opinion. In any case, be sure you test one out before insisting on putting one in. I would much rather spend my money on a good Dyson (though I understand some people not wanting to lug around that much weight or relocate the bulk of the noise).
You also missed it on the power in the garage. You want 50A, not 30A. You can download the recommended installation guide from Tesla for a NEMA 14-50; use that and you should be good for anything. It's always better to overspec and then not need it than to underspec and have to go fix it.
Another item to put in the garage is in-wall wires for the garage door sensors. If you're putting in a garage door opener, it requires wires from infrared sensors to the motor so that it stops closing if something is in the way. It's simple enough to put those wires in the wall if you do it first.
Speaking of garage doors, you can get some really great openers. My in-laws got some professional Lift-Master openers that are absolutely silent. That's nothing like what you get when you buy your own at Lowes Depot. (They even have some that attach directly to the torsion rod if you have that kind of door, so there's nothing overhead.)
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It might tumble due to the dilution, but it might also spike do to removing the uncertainty about the fine and the financial impact of paying it. Markets are funny that way.
Of course, what investors would want is a broad settlement that covers all the various aspects of liability, including anything it may owe to consumers and other governments. Companies sometimes try to satisfy the uncertainty by taking a write-down of the expected amount of the end settlement so that it hits the books right away, but then they're gambling that the real settlement won't be higher (and they've shown what they expect to pay, so it won't likely be much lower).
No, I'm saying that if the market cap stays the same due to dilution, if they paid the fine in stock, the government would end up with 23% of the total.
Of course, markets aren't logical, so it's an academic argument. The point was to put the size of the potential fine in perspective with the size of the company.
No, if they wanted to pay the fine in newly-issued stock, the issuing of the new stock would dilute the value, so (assuming a logical market), they would have to issue enough to result in the government owning 23% of the company. That's not issuing 23% more stock, it's more like 30%.
Of course, the market isn't logical, so the real amount they would have to issue would be different. The point of my post is to put the size of the potential fine in perspective of the total value of the company. It implies to me that they can raise the money if needed.
For reference, $18B would be about 23% of the market cap of the company. In other words, if the company were to pay such a fine by issuing new stock and giving the stock to the government, the government would end up with 23% of the company (or so goes the math if the stock market were being logical).
That's not what's going to happen, but it shows that the company should be able to raise the money to pay the fine if it comes to it. Of course, such things usually take many years of lawsuits and appeals before it's all settled, which is why these things often are settled out of court for a lower price.
Yes, when the car in front of me turns, it's a second or two slow in recognizing that it's clear. When someone cuts in front of me on the highway, if they're going faster, it doesn't slow down, even if I'm briefly following closer than it would normally allow.
One thing to point out is that the same hardware that supports emergency braking is also what is used for adaptive (or "traffic aware") cruise control. I find this to be an incredibly useful feature. It takes most of the stress out of traffic jams. And if everyone had it (and chose to use it), it would eliminate many traffic jams.
It even works in city traffic. With cruise control on, if a car in front of me stops for a red light, my car automatically stops behind it. All I do is steer. It works really well.
It's a shame people can't identify a joke without a smiley face.
I like that all of the Big Three American automakers are included: Ford, GM, and Tesla.
The biggest names missing are Fiat/Chrysler, Honda, Hyundai, and Kia. I'm not surprised that the Koreans aren't included, as they are going for the bottom of the market where there's not as much padding for added costs.
I bought a new car this year, and it has it. I'm very glad to have it, even though it has triggered once or twice when there was nothing there due to a sensor glitch. The reason I have a new car is that I failed to brake in time to avoid an accident.
Yes, the technology isn't perfect, but it's a lot better than not having it.
As we get more of these features, it should result in fewer accidents and lower insurance rates.
I was thinking of posting this as a serious answer. There are far too many web sites that require IE. These are mostly internal corporate sites where the developer can say that IE is the corporate standard, so it doesn't matter if it doesn't run on anything else.
So yes, I find that IE is the most common reason I boot Windows (in a VM under Linux).
Exactly what I was going to post.
This is the behavior of a company that doesn't see the technology going forward anytime soon, but wants to fund some research to get control of some patents just in case.
If they were spending ten times that amount, then that would be serious.
Of course, this might just be one part of a larger R&D program. They don't talk about what they're doing in-house; this is just additional spending to fund outside research to make sure they get a share of any patents that are generated.
They should have built something to compete with Echo. Put in some good speakers and a microphone, then hook it up with the software they already have with Google Now so that you can ask it things with "OK Google," and then they have something. Now it's just a router.
No, you missed the point. When you change the size, you get new modes of use. Like sitting flat on a table with people sitting around it playing a game together. Of course, what they envision people using it for, what application writers envision, and what people actually find desirable are all likely to be different. The model of it just being a larger tablet is likely to be very wrong.
Several things that they need:
The front camera needs to have a built-in swivel, so that it can aim if the user is at an angle from the device.
Try 4GB instead of 2GB RAM. That's probably just bad info, as other Samsung products already have more memory.
Apps! They need lots of special apps to take advantage of this. They should partner with gaming companies to have app versions of Monopoly and other well-known board games where the tablet is the board, and players sit around it. It may even use bluetooth to let players have secret information on only their handsets.
Yes, of course the teacher couldn't be wrong. In fact, in this case he couldn't be, because he was just repeating whatever the textbook said. The textbook could be wrong, but I'm sure it was approved by many committees with rigorous overview. That's probably why there weren't any references to evolution in the textbook. :)
Good point, though, that just because the textbook we used said to use the right index finger for '6', that doesn't mean it's the accepted standard that everyone agrees with.
I think the comparison to Echo is obvious based on the design alone. That was my first thought when I saw a picture. But when I read the specs, it looks more related to the Nest products than Echo.
That said, I do hope they move to compete with Echo. I really like the idea of it, but Amazon tends to keep things too closely tied to their services for my taste. I would prefer to have something a bit more open (play local media, for example).
Yes, really. I had been using computers since 6th grade (for a unit in Gifted & Talented, they bussed us across town to the one school that had Apple IIs for a BASIC programming unit--best thing that happened to me in all of elementary school [6th grade was the last year of elementary school in that district]). I, like many others, developed my own two-fingered approach.
I knew I wanted to touch type, but I hadn't managed to teach myself. I had been looking forward to being able to take typing in high school (9th grade was still junior high, so that meant 10th for me). Perhaps it was my attitude of embracing the class that made it work for me. In any case, I was probably at 80wpm at the end of the class. Over the next two years, I did a fair amount of typing for pay, in addition to my computer tinkering, so the skills really solidified.
I think typing should be a required subject in school for everyone one. The only question is how early kids will be physically ready (hands large enough). I suppose by the time they implement it, voice input will finally take off and make it irrelevant by the time the kids graduate.
Does anyone make a split keyboard with a 6 for both halves? That would seem to satisfy everyone at a cost of one extra key.
I took a typing class in 10th grade (the first opportunity I had back in the 80s). It was the most practically useful class I had in high school. The class was very clear in teaching that you use your right index finger for 6 and 7, while your left does 4 and 5. Going down the keyboard, the left index finger also does T, G, and B, while the right does Y, H, and N. The only one I do wrong is 6.
Now looking at my keyboard, 6 is almost centered between F and J, the home positions for the index fingers, but it's ever so slightly closer to F, so perhaps they were teaching the class wrong?
The summary says the reservoir has enough water to supply the city for three weeks. So instead of spending millions to preserve the water, use it up. Let the other supplies have a break for a few weeks, and then you don't have to worry about the empty reservoir.
They say the new DNA outperforms the standard DNA in evolving to meet the researcher's criteria. That means it changes more easily. In other words, it's less stable.
In most situations, what we want is stability. Nature needs some ability to mutate and evolve, but considering that the wrong mutations result in cancer and death, too high of a mutation rate leads to failure. I suspect this is particularly true in long-lived larger organisms.
Adding a backdoor that is secure is very easy to implement. The government just needs to publish a public key. You then encrypt your private key using that public key and include it with whatever you encrypted. This would be much like the lock box on a house that holds the front-door key that only real estate agents showing the house are supposed to be able to access. And there's no reason it would be limited to just one. Opening a connection to a server in Turkey? Better include lock boxes for both your own government and the Turkish authorities.
The only big hole is the security of the government's private key (or more likely, keys).
The tricky part is that this government lock box has to be added to the common protocols. And how many different protocols would have to be updated? TLS, ssh, PGP, etc. What are the odds of introducing flaws that allow for new attack vectors when introducing the back door? For example, could you trick a victim's computer into thinking it needed to include the lock box for some jurisdiction that you control?
Now while the technical side of this could be made to work, as a public policy, it's a horrible idea. Let's not just say it can't be done and forget about it. We need to fight this as bad policy.
I serve on the Planning Board in my small New England town. We've looked at some of these same measures, but many of them are eliminated because they make it more difficult for snow plowing. Anything involving raised crosswalks or bump-outs gets push-back from the DPW. Paint gets mostly sanded off every winter.
Separated bike lanes ("cycletracks" is the buzzword here) are great. The problem is our roads are too narrow and old, so even if we have the money to put them in, there simply isn't enough space without using eminent domain to take land for widening. That doesn't go over very well.
It's great that they can do these things in San Diego. It's unfortunate that we can't do all the same things here. Every location needs to find solutions to improve safety that work in that location.
Lots of good advice in other posts, so I won't reiterate everything.
The one thing I wish our house had was more space. We could use another linen closet. We could use a pantry for the kitchen--especially now that we do a lot of real cooking. Having higher ceilings would be a huge benefit. I would *really* like to have an extra half-car space on the side of the garage for the lawn mower and bikes.
I'm very glad there was a weird closet in the basement of our house which is now our wiring closet. I'm sure others have talked about that, though.
We had a central vacuum when I was a kid, and we hated it. The best use for a central vacuum system is to rip out the vacuum and use all the tubes as conduit for wiring. I guess that's really very much a matter of opinion. In any case, be sure you test one out before insisting on putting one in. I would much rather spend my money on a good Dyson (though I understand some people not wanting to lug around that much weight or relocate the bulk of the noise).
You also missed it on the power in the garage. You want 50A, not 30A. You can download the recommended installation guide from Tesla for a NEMA 14-50; use that and you should be good for anything. It's always better to overspec and then not need it than to underspec and have to go fix it.
Another item to put in the garage is in-wall wires for the garage door sensors. If you're putting in a garage door opener, it requires wires from infrared sensors to the motor so that it stops closing if something is in the way. It's simple enough to put those wires in the wall if you do it first.
Speaking of garage doors, you can get some really great openers. My in-laws got some professional Lift-Master openers that are absolutely silent. That's nothing like what you get when you buy your own at Lowes Depot. (They even have some that attach directly to the torsion rod if you have that kind of door, so there's nothing overhead.)