It goes to hedge fund traders who have close relationships with the bank doing the IPO.
I humbly suggest reading Running Money by Andy Kessler, where he describes making something like a million dollars in 2 minutes during the IPO frenzy of the late 1990s.
The bankers get a huge, fat fee from all that IPO money. All those sucker investors pumping that thing up, millions of that goes directly into the pockets of the Goldman people. For 'arranging it'.
Goldman - the same investment bank that would have gone dead up like a fish in 2008 if we, the great american taxpayer, hadn't propped them up.
IPOs have very little to do with legitimate business activity anymore. They are about the churn and the skim. This is Goldman Sachs, remember? The investors, to them, mean about as much as the investors in the ABACUS CDOs meant to them in 2006/2007. IE, they are garbage holes where they can 'dump' aka 'distribute' aka 'sell' their toxic waste.
The businesses they are IPOing mean about as much to them as the CDOs they pumped out. It is not about business, it is not about relationships or industry or creating jobs. It is about skimming, and snorting cocaine off of naked hookers. If you don't believe me, watch "Inside Job", there is an interview with a madam.
just because i have a muffin top doesnt mean im fat. in the old days, 'fat' only meant you werent going to starve in the winter.
sometimes, being fat is a sign of doing what you should - wolfing down entire jars of peanut butter using nothing but your fingers and a jumbo pack of hersheys bars.
everyone knows that! it's built on a solid, stable unix foundation, with a 'keep it simple' philosophy that guarantees performance and stability! with 12 overhead cams and a dual plated stainless steel cooking surface, your family will be sure to love the new Unity.
because thats what the PATRIOT ACT modification of the Computer Fraud and Abuse act says.
It is saying, essentially, that if you break certain parts of the Computer Fraud act, you are a terrorist. Not only are you a terrorist, but you can be prosecuted under RICO law, like a mafia member.
oh, and then there are the hundreds of thousands of national security letters sent by the FBI to libraries and ISPs. is that 'common sense'? how many terrorists have they caught that way?
if you explained to the average person that part of the reason they are patting down babies at the TSA is because of the patriot act, they will begin to understand it.
if parts of the PATRIOT act applied to gun owners, they would be outraged.
parts of the PATRIOT act apply to librarians, they have been outraged.
everyone, in general, in america, supports their own civil liberties, and when they understand that civil liberties in general are under attack, they can come together once in a blue moon.
im saying there are probably a lot of people who work for the government who are doing a lot of 'testing' of their little toys on the unwitting civilian population. nothing makes this more clear than the HBGary emails.
IIRC the keyboards of the day did not have precise enough timing for it to be very workable, and there wasnt enough fancy pattern matching software to figure out how to make use of any 'persoanlized' quirks in typing patterns.
plus, if you ever had a bad headache or were slightly intoxicated or tired, it could throw off the whole thing if you 'lock people out' based on weird criteria like that
i think the main difference nowdays is some idiot will try to patent it and sue
Slashdot Mirror
It goes to hedge fund traders who have close relationships with the bank doing the IPO.
I humbly suggest reading Running Money by Andy Kessler, where he describes making something like a million dollars in 2 minutes during the IPO frenzy of the late 1990s.
The bankers get a huge, fat fee from all that IPO money. All those sucker investors pumping that thing up, millions of that goes directly into the pockets of the Goldman people. For 'arranging it'.
Goldman - the same investment bank that would have gone dead up like a fish in 2008 if we, the great american taxpayer, hadn't propped them up.
IPOs have very little to do with legitimate business activity anymore. They are about the churn and the skim. This is Goldman Sachs, remember? The investors, to them, mean about as much as the investors in the ABACUS CDOs meant to them in 2006/2007. IE, they are garbage holes where they can 'dump' aka 'distribute' aka 'sell' their toxic waste.
The businesses they are IPOing mean about as much to them as the CDOs they pumped out. It is not about business, it is not about relationships or industry or creating jobs. It is about skimming, and snorting cocaine off of naked hookers. If you don't believe me, watch "Inside Job", there is an interview with a madam.
according to Eric S Raymond, the market behavior was perfectly logical.
and uhm, Linus Torvalds and a shitload of other open source people were perfectly logical when they sold their shares before the bubble deflated.
Investors? Ah, fuck them. amiright? Take that money, and run baby. take it and run.
all i have to say about this is thank god. i welcome our new jewish overlords.
some of us live in our own basements thank you very much. not all basements are 'moms' basements
you can take a ten foot pole, and then find the cardboard from a roll of paper towels, and kind of stick it in the end.
if your system is hackable, someone can hack in and make you look like a criminal.
i guess it pays to be the white rabbit.
can't you see the truth? wake up, Australia! wake up before it's too late!
to the Australian government? And vice versa?
just because i have a muffin top doesnt mean im fat. in the old days, 'fat' only meant you werent going to starve in the winter.
sometimes, being fat is a sign of doing what you should - wolfing down entire jars of peanut butter using nothing but your fingers and a jumbo pack of hersheys bars.
everyone knows that! it's built on a solid, stable unix foundation, with a 'keep it simple' philosophy that guarantees performance and stability! with 12 overhead cams and a dual plated stainless steel cooking surface, your family will be sure to love the new Unity.
because thats what the PATRIOT ACT modification of the Computer Fraud and Abuse act says.
It is saying, essentially, that if you break certain parts of the Computer Fraud act, you are a terrorist. Not only are you a terrorist, but you can be prosecuted under RICO law, like a mafia member.
oh, and then there are the hundreds of thousands of national security letters sent by the FBI to libraries and ISPs. is that 'common sense'? how many terrorists have they caught that way?
if you explained to the average person that part of the reason they are patting down babies at the TSA is because of the patriot act, they will begin to understand it.
if parts of the PATRIOT act applied to gun owners, they would be outraged.
parts of the PATRIOT act apply to librarians, they have been outraged.
everyone, in general, in america, supports their own civil liberties, and when they understand that civil liberties in general are under attack, they can come together once in a blue moon.
NSA CS man: government twisted my algorithm
its from a few days ago.
im saying there are probably a lot of people who work for the government who are doing a lot of 'testing' of their little toys on the unwitting civilian population. nothing makes this more clear than the HBGary emails.
seriously. read the HBGary emails dumped by anonymous. the guy was running crack programs against people he found on irc.
and this was a federal government contractor with millions in income.
its only the tip of the iceberg.
James Bamford's book The Shadow Factory describes specifically how their new system, Turbulence, provides 'offensive' capabilities.
(coincidentially, two of the documents that whistleblower Thomas Drake is under Espionage Act indictment for were related to Turbulence)
neither does any other system created since the 1970s. they all store the passwords as hashes
IIRC the keyboards of the day did not have precise enough timing for it to be very workable, and there wasnt enough fancy pattern matching software to figure out how to make use of any 'persoanlized' quirks in typing patterns.
plus, if you ever had a bad headache or were slightly intoxicated or tired, it could throw off the whole thing if you 'lock people out' based on weird criteria like that
i think the main difference nowdays is some idiot will try to patent it and sue
seems like 90% of these threads do not know Mao from Deng, Enlai from Muy Tai, or Chiang Kai from a Butterfly
google it.
that kind of thing doesn't happen in any 'free' country.
you go into the lab, you follow the instructions in the book. if it doesn't work like it's supposed to, you do it over again until you get it "right".
then again, some of the most famous human rights activists / writers in history are engineers
alexander solzhenytsin
andrei sakharov
yvgeny zamyatin
albert einstein
that would be an interesting comparison.
there was a lot less anonymity about 'voting' on kuro5hin, you could tell who voted your articles up and so forth and so on.
there is an indictment right now of a person in Boston for being involved with wikileaks.
one of the charges?
"stealing government property"
they claim those digital files were government property.
since government documents are uncopyrightable in the United States, it doesnt make much sense.
he posted a number to allow you to boot linux on your machine, which the company promised was possible in its advertising material.