Re:And now it's back (again) - OFFTOPIC
on
Quickie Sunday
·
· Score: 2
no - for some reason all my posts start with a score of '2'. Must be because of my posting history (very few, if any are marked down - quite a few are marked up).
I know that was no pearl of wisdom, but I can't control what my initial score is (usually keeps me from posting this kind of drivel, it was Sunday, tho)
Re:And now it's back (again) - OFFTOPIC
on
Quickie Sunday
·
· Score: 3
OFFTOPIC for sure...
Yep, something is screwey. All my slashbox prefs were reset to default. Stories are popping up then dissapearing. I guess they are still recovering from the problem (whatever that was) on Friday.
Right, this isn't all too different from an 'option' in the sense that it doesn't really matter what the market valuation of the stock is, just the amount of money the stock issuer will take in exchange for the certificate.
For example, my company grants me 1000 shares of stock at an option price, lets say $20, but the option isn't 'exercisable' for 2 years, then I have a limit of 10 years after that to buy the stock.
If in three years the stock is being traded at $50 on the open market, I can exercise my options at $20x1000 shares if I can scrape up $20,000. Of course I can sell these the same moment on the open market or hold them, the company doesn't really care. They don't buy the shares on the open market and sell them to me at a loss. They hold these shares in reserve until someone exercises an option, at least that's how I think it works.
The same would hold true here. RedHat isn't buying back shares at open market value of $70 and selling them to you for $14. These shares are being held either by the company or the underwriters. It is a fairly good gesture of goodwill that they are popping these out to those who missed out. Its gotta be a small percentage of the total stock, but I'm sure its cheap insurance against lawsuits or (even worse) pissed off contributors.
(and I doubt this comes out of e-trade's hide as someone else posted)
Right, but I'm not the one complaining and blaming Redhat. I'm just pointing out that they put the management of this deal in the hands of the underwriters, that's all. They didn't wake up this morning and decide to screw all the $1200 letter holders by pricing the offer up $2. They checked the tea leaves and decided they could push for an additional ($2 x 6,000,000) $12 million.
Yes, this is good for Redhat, bad for joe coder who barely has $1200 to buy shares and hasn't ever dealt with all this before.
No, the underwriters repriced the IPO to make more money. Blame the money men.
The initial public offering price of the 6,000,000 shares offered by Red Hat was priced at $14.00 per share by the managing underwriters led by Goldman, Sachs & Co.,
Yep, welcome to the capital marketplace. Same thing happened when my company went public last year. The IPO was priced the day of the offering at a couple bucks higher than the range that had been set for 3 months. This obviously sucks if you are a small investor with just enough to cover 100 shares. On the plus side, it means the underwriters are confident about the deal and are upping the price.
This is, unfortunately, the nature of the beast. The market is so fickle, that conditions fluctuate daily. Some IPO's are postponed if the market conditions are really bad. Some are priced down. It's too bad that so many here are running into this for the first time and getting such a bad taste in their mouths. Something tells me though, that e-trade could care less because they have customers with $100k in their accounts that they will take care of, and those of us who broke open piggy banks to scrape $1200 together who would probably never otherwise play in the market are a much lower priority.
God, that's sure the truth. I've been home sick watching CNN for a couple of these major events (TWA was one) and it is unbeleivable the inane questions they ask.
Investigator: "We've prepared a statement - we have just begun the investigation, we will give you hourly breifings on what we know, when we know it, theis is ongoing, will thake weeks or months to piece together what happened here, so if you'll all just bear with us. At this time we have only recovered small sections of the plane that were floating on the surface, no indications at this point that there was an explosion, but it is too early to rule anything out at this point."
Cluelss Reporter: "Can you comment on wild speculation we've heard that an Iraqi gunboat fired a surface to air missle that struck the plane in the left wing?"
Investigator: "No, as I've said, we have only very preliminary information at this time - the plane appears to have crashed into the water, we are looking for survivors as well as any pieces of wreckage that may give us some clue as to if this is some mechanical malfunction or some type of elposive or sabotage, but it is too early to tell and I'm not going to speculate..."
Clueless Reporter #2: "Can you say anything about the possibility that this was some kind of terrorist attack timed to coincide with the Olympics in Atlanta?"
Investigator: "No, as I've said..."
I don't know how these guys are able to put up with these stupid questions for hours at a time without screaming "God, can't you hear? We don't know yet!"
That can't be right, can it? I thought I remembered that "near-beer" that we used to be able to buy if we were 18 was 2 1/2%. Seems like I remember that beer and wine were ~6% and spirits were at least 10%
There's gotta be somewhere on the web to look, but I'm too lazy, and there isn't any beer in my fridge at the moment.:-(
Anybody else notice that there is a serious shortage of moderator points being allotted lately?
Used to be that offtopic crap used to get hammered down to -1 where I didn't have to see it. Now I guess I'll have to start browsing at a score of 1 to filter out the AC's.:-)
>Mind you, I'm not sure if doing a compile on an NFS-mounted filesystem will be much faster.
It has been my experience that it is much faster. I'm running a 486/100 w/16 mb as my masq/gateway box, I only have a 200mb HD on it now and no monitor, kbd - so I only compile from my PII on a nfs-mounted FS on the 486. This works just fine, compiles much faster than the 486 ever did (used to run this as a stand-alone box before I got cable) and it seems to complie just about as fast as a native filesystem on the PII does. (although I'm running a 10/100 mbps network, so your mileage could vary if you are using 10mbps);-)
I used to run an older kernel on this box because I hadn't gotten around to figuring out how to cross-compile from another macine, and the old kernel was fine. When I wanted to start port-forwarding, I moved up to 2.0.36 and patched it with port forwarding and recompiled from the PII. No sweat.
Had to do a double take on that one! I clicked "open in new window" then went on reading comments forgetting I opened that one. When I eventually got over to that window, I had to blink a couple times before I remebered where that one came from. Scary sh*t!
I would suggest that this is not in the best interest of the investor, RedHat or the "Linux/GNU/OpenSource/whatever" community.
1) If you are one of the lucky few who get in on the IPO, you would really be doing yourself a disservice to dump it on the first day since the immediate money you could make is far less than the potential return 10 years down the road if it takes off. Imagine how you will feel in 10 years if the value is 10x what you paid tomorrow and you sold it on the first day for a 20% gain.
2) If anyone really cares about success of this IPO, 'flipping' is not how you help. Buying the shares and watching the price and then buying some more later is good. Dumping your stock the day you buy it does not contribute to the stability of the stock. RedHat and E-Trade want the stock to appreciate in value gradually over time, not swing windly up then crash to the floor.
3) Instability in the market for open-source company IPO's will not help the compaines like VA that will go public in the future. If RedHat looks like a nightmare, the terms for future IPO could be less favorable.
I am not a financial advisor, nor am I a wildly successful day-trader. These are my opinions. Sure, I'd like to make a quick buck as much as anybody. I'd like to make a lot more bucks over the long-haul and see the companies I like become successful in the industry, which - like it or not - sometimes depends on their track record in the market.
No, this group will make recommendations. They will likely take these recommendations and write bad draft legislation, but last time I checked, we still have three branches of government: executive, judicial, and legislative. Its still got to get through congress before its a law.
(disclaimer, I am not a constitutional scholar, please correct me if I've misstated something. I know the president has power to make Executive Orders, but I read this one and didn't see this as anything other than the formation of a blue-ribbon panel to form recommendations).
(3) The potential for new or existing tools and capabilities to educate and empower parents, teachers, and others to prevent or to minimize the risks from unlawful conduct that involves the use of the Internet.
It says "minimize the risks" but does not specifically state who is at risk, but strongly implies children from the statement "..parents, teachers, and others..."
I'm not sure what the relevance is, but why not just say "risks to our children/citizens" or something? Sounds like an incomplete sentence without it. Seems kind of odd the way that is worded.
Hahah, that's pretty accurate. I'll look up from my paper and see what is going on when I hear a Who tune coming from the TV. They know who has the purse strings, and what kind of noise to use to get my attention.
it says heroine - not heroin. Two different words with different meanings, I think.;-)
Re:Reading too much into one film
on
Lo-Tech Cinema
·
· Score: 2
Man, that was what I thought as I read it, wish I could have expressed it as well. I'm getting a little tired of the formula here.
1) Something semi-interesting and out of the norm happens in the world of technology (preferably with a popular culture and new media slant).
2) Katz writes an article heralding it as the dawn of a new era in (new media/pop culture/technology), predicting the demise of the tired, bloated, self-satisfied established (big business/media company/journalism/phone comapnies, whatever).
3) Slashdot readers immediately pounce on it and rip it to shreds describing why this is nothing new.
4) Katz posts a follow-up, citing all the positive e-mail comments he got about his article and posting some of the better examples.
5) Slashdot goes nutz re-hasing the thing again days later and wondering if Katz even read the posts that completely proved his whole premise wrong.
*yawn* Think I'll get another cup of coffee and see what is happening to Dilbert today.
"Bogomips is a measurement provided in the Linux operating system that indicates in a relative way how fast the computer processor runs. The program that provides the measurement is called BogoMips. Written by Linus Torvalds, the main developer of Linux,..."
Slashdot Mirror
no - for some reason all my posts start with a score of '2'. Must be because of my posting history (very few, if any are marked down - quite a few are marked up).
I know that was no pearl of wisdom, but I can't control what my initial score is (usually keeps me from posting this kind of drivel, it was Sunday, tho)
OFFTOPIC for sure...
Yep, something is screwey. All my slashbox prefs were reset to default. Stories are popping up then dissapearing. I guess they are still recovering from the problem (whatever that was) on Friday.
whatis.com/framerelay
Doh! Yep of course, you're right. Either not enough or too much caffeine is to blame. ;-)
Heh, beat me to it. :p
Microsoft in danger of being ripped apart by the Government on anti-trust.
A Linux distrubutor goes public and its stock increases like 600% the first week.
The last total solar eclipse of the centry (notice I didn't say 'millenium', is there one next year anytime?)
Forecast in hell next week: colder with possible flurries...
you mean the former?
>If you put LinuxPPC on a P2 450 though...
Ooooh! What a great idea! A PowerPC version on an Intel box. Hmmmmm....
Right after that I'm going to run out and try to install W2K on an iMac. =D
Right, this isn't all too different from an 'option' in the sense that it doesn't really matter what the market valuation of the stock is, just the amount of money the stock issuer will take in exchange for the certificate.
For example, my company grants me 1000 shares of stock at an option price, lets say $20, but the option isn't 'exercisable' for 2 years, then I have a limit of 10 years after that to buy the stock.
If in three years the stock is being traded at $50 on the open market, I can exercise my options at $20x1000 shares if I can scrape up $20,000. Of course I can sell these the same moment on the open market or hold them, the company doesn't really care. They don't buy the shares on the open market and sell them to me at a loss. They hold these shares in reserve until someone exercises an option, at least that's how I think it works.
The same would hold true here. RedHat isn't buying back shares at open market value of $70 and selling them to you for $14. These shares are being held either by the company or the underwriters. It is a fairly good gesture of goodwill that they are popping these out to those who missed out. Its gotta be a small percentage of the total stock, but I'm sure its cheap insurance against lawsuits or (even worse) pissed off contributors.
(and I doubt this comes out of e-trade's hide as someone else posted)
Right, but I'm not the one complaining and blaming Redhat. I'm just pointing out that they put the management of this deal in the hands of the underwriters, that's all. They didn't wake up this morning and decide to screw all the $1200 letter holders by pricing the offer up $2. They checked the tea leaves and decided they could push for an additional ($2 x 6,000,000) $12 million.
Yes, this is good for Redhat, bad for joe coder who barely has $1200 to buy shares and hasn't ever dealt with all this before.
No, the underwriters repriced the IPO to make more money. Blame the money men.
The initial public offering price of the 6,000,000 shares offered by Red Hat was priced at $14.00 per share by the managing underwriters led by Goldman, Sachs & Co.,
RHAT news
Yep, welcome to the capital marketplace. Same thing happened when my company went public last year. The IPO was priced the day of the offering at a couple bucks higher than the range that had been set for 3 months. This obviously sucks if you are a small investor with just enough to cover 100 shares. On the plus side, it means the underwriters are confident about the deal and are upping the price.
This is, unfortunately, the nature of the beast. The market is so fickle, that conditions fluctuate daily. Some IPO's are postponed if the market conditions are really bad. Some are priced down.
It's too bad that so many here are running into this for the first time and getting such a bad taste in their mouths. Something tells me though, that e-trade could care less because they have customers with $100k in their accounts that they will take care of, and those of us who broke open piggy banks to scrape $1200 together who would probably never otherwise play in the market are a much lower priority.
It sucks, but them's the breaks.
God, that's sure the truth. I've been home sick watching CNN for a couple of these major events (TWA was one) and it is unbeleivable the inane questions they ask.
Investigator: "We've prepared a statement - we have just begun the investigation, we will give you hourly breifings on what we know, when we know it, theis is ongoing, will thake weeks or months to piece together what happened here, so if you'll all just bear with us. At this time we have only recovered small sections of the plane that were floating on the surface, no indications at this point that there was an explosion, but it is too early to rule anything out at this point."
Cluelss Reporter: "Can you comment on wild speculation we've heard that an Iraqi gunboat fired a surface to air missle that struck the plane in the left wing?"
Investigator: "No, as I've said, we have only very preliminary information at this time - the plane appears to have crashed into the water, we are looking for survivors as well as any pieces of wreckage that may give us some clue as to if this is some mechanical malfunction or some type of elposive or sabotage, but it is too early to tell and I'm not going to speculate..."
Clueless Reporter #2: "Can you say anything about the possibility that this was some kind of terrorist attack timed to coincide with the Olympics in Atlanta?"
Investigator: "No, as I've said..."
I don't know how these guys are able to put up with these stupid questions for hours at a time without screaming "God, can't you hear? We don't know yet!"
>American beer tends to be around 3% alcohol
:-(
That can't be right, can it? I thought I remembered that "near-beer" that we used to be able to buy if we were 18 was 2 1/2%. Seems like I remember that beer and wine were ~6% and spirits were at least 10%
There's gotta be somewhere on the web to look, but I'm too lazy, and there isn't any beer in my fridge at the moment.
Anybody else notice that there is a serious shortage of moderator points being allotted lately?
:-)
Used to be that offtopic crap used to get hammered down to -1 where I didn't have to see it. Now I guess I'll have to start browsing at a score of 1 to filter out the AC's.
>Mind you, I'm not sure if doing a compile on an NFS-mounted filesystem will be much faster.
;-)
It has been my experience that it is much faster. I'm running a 486/100 w/16 mb as my masq/gateway box, I only have a 200mb HD on it now and no monitor, kbd - so I only compile from my PII on a nfs-mounted FS on the 486. This works just fine, compiles much faster than the 486 ever did (used to run this as a stand-alone box before I got cable) and it seems to complie just about as fast as a native filesystem on the PII does. (although I'm running a 10/100 mbps network, so your mileage could vary if you are using 10mbps)
I used to run an older kernel on this box because I hadn't gotten around to figuring out how to cross-compile from another macine, and the old kernel was fine. When I wanted to start port-forwarding, I moved up to 2.0.36 and patched it with port forwarding and recompiled from the PII. No sweat.
=D
Had to do a double take on that one! I clicked "open in new window" then went on reading comments forgetting I opened that one. When I eventually got over to that window, I had to blink a couple times before I remebered where that one came from. Scary sh*t!
Good One!
>I would sell mine initially.
I would suggest that this is not in the best interest of the investor, RedHat or the "Linux/GNU/OpenSource/whatever" community.
1) If you are one of the lucky few who get in on the IPO, you would really be doing yourself a disservice to dump it on the first day since the immediate money you could make is far less than the potential return 10 years down the road if it takes off. Imagine how you will feel in 10 years if the value is 10x what you paid tomorrow and you sold it on the first day for a 20% gain.
2) If anyone really cares about success of this IPO, 'flipping' is not how you help. Buying the shares and watching the price and then buying some more later is good. Dumping your stock the day you buy it does not contribute to the stability of the stock. RedHat and E-Trade want the stock to appreciate in value gradually over time, not swing windly up then crash to the floor.
3) Instability in the market for open-source company IPO's will not help the compaines like VA that will go public in the future. If RedHat looks like a nightmare, the terms for future IPO could be less favorable.
I am not a financial advisor, nor am I a wildly successful day-trader. These are my opinions. Sure, I'd like to make a quick buck as much as anybody. I'd like to make a lot more bucks over the long-haul and see the companies I like become successful in the industry, which - like it or not - sometimes depends on their track record in the market.
No, this group will make recommendations. They will likely take these recommendations and write bad draft legislation, but last time I checked, we still have three branches of government: executive, judicial, and legislative. Its still got to get through congress before its a law.
(disclaimer, I am not a constitutional scholar, please correct me if I've misstated something. I know the president has power to make Executive Orders, but I read this one and didn't see this as anything other than the formation of a blue-ribbon panel to form recommendations).
but implied very strongly:
(3) The potential for new or existing tools and capabilities to educate and empower parents, teachers, and others to prevent or to minimize the risks from unlawful conduct that involves the use of the Internet.
It says "minimize the risks" but does not specifically state who is at risk, but strongly implies children from the statement "..parents, teachers, and others..."
I'm not sure what the relevance is, but why not just say "risks to our children/citizens" or something? Sounds like an incomplete sentence without it. Seems kind of odd the way that is worded.
Hahah, that's pretty accurate. I'll look up from my paper and see what is going on when I hear a Who tune coming from the TV. They know who has the purse strings, and what kind of noise to use to get my attention.
:-)
"..talkin 'bout my g-g-genereration!"
it says heroine - not heroin. Two different words with different meanings, I think. ;-)
Man, that was what I thought as I read it, wish I could have expressed it as well. I'm getting a little tired of the formula here.
1) Something semi-interesting and out of the norm happens in the world of technology (preferably with a popular culture and new media slant).
2) Katz writes an article heralding it as the dawn of a new era in (new media/pop culture/technology), predicting the demise of the tired, bloated, self-satisfied established (big business/media company/journalism/phone comapnies, whatever).
3) Slashdot readers immediately pounce on it and rip it to shreds describing why this is nothing new.
4) Katz posts a follow-up, citing all the positive e-mail comments he got about his article and posting some of the better examples.
5) Slashdot goes nutz re-hasing the thing again days later and wondering if Katz even read the posts that completely proved his whole premise wrong.
*yawn* Think I'll get another cup of coffee and see what is happening to Dilbert today.
If you go follow the link that I gave it says that. :P
>If they want the full range of skilled crackers
Who is 'they'? Lunux/PPC put one of their own boxes on the line for this. You were expecting maybe an PIII-500 running Slackware?
for the rest of this go to whatis.com
..."
"Bogomips is a measurement provided in the Linux operating system that indicates in a relative way how fast the computer processor runs. The program that provides the measurement is called BogoMips. Written by Linus Torvalds, the main developer of Linux,