He's pissed because one of the UN peacekeepers killed by the Israeli airstrike this week was Finnish. He's Finnish, and was supposedly a UN peacekeeper at one point. The projects he was working on were hosted by an Israeli company.
So he had an anti-semetic rant and quit.
digg link (which has a lot more insightful commentary, btw)
Less than a year after announcing the transition to an all-Intel architecture, Apple is almost there. The only PowerPC machines left are the Power Mac G5 and the Xserve, both of which await the arrival of the Intel Core 2 Duo (aka, Conroe and Merom), presumably this summer. At that point, Apple's 12-year dalliance with the PowerPC CPU will have come to an end. The king is dead. Long live the king!
You can't buy all that nice shit to fill your McMansion with though...
i.e. it's good for those who need jobs, bad for those who like to buy foreign cars, big screen TVs, and PS3s.
Well, if you were a currency trader, you would do this betting that the USD was going up relative to the Yen. But I don't think that this is what happened to Nintendo.
Say we start with 100Y = 10USD. A cube costs 9000Y for manufacturing/shipping/promotion/etc and sells for 10,000Y (100USD). That's a 1000Y profit on every unit sold.
If the USD drops %20 (vs. Y) then we have 80Y=10USD. But the cube still sells for 100USD (or 8000Y). Now we have -1000Y profit on every cube sold.
Also, very large companies that rely on real materials (manufacturers) will often hold large sums of money in foreign currencies to offset raw material cost fluctuations. Basically, hedging their bet so that they can still afford to buy widgets. So, if N bought plastic from the U.S. to make cubes, and the USD went way up vs. the Yen, they could still afford the plastic.
Having a strong currency relative to another country is bad for selling, but good for buying. This is why the U.S. has such a huge trade deficit with China. We keep buying t-shirts, but they don't buy anything from us.
I think that for Nintendo it's a combination of strong Yen and a big inventory of unsold hardware that they have to discount (ie. they've already spent the money but haven't sold the product).
And the value of the United States Dollar affects a corporation traded in Japanese Yen in what way?
If I have a 1000 Yen and buy 10 USD, and then the USD drops %20 relative to the Yen, I have lost 200 yen without spending a penny. This loss is reflected in Yen even though I still have 10 USD.
Simple enough, I hope.
Slashdot Mirror
Just to put some perspective of the distance between them, there have been 100,000,000 iPods sold.
I mostly agree with you, but please learn to spell. You'll be taken much more seriously as a result.
That's not right...
As much as I love Incubus,
That's about where I stopped reading...
You, sir, are well on your way to becoming a Morlock
He's pissed because one of the UN peacekeepers killed by the Israeli airstrike this week was Finnish. He's Finnish, and was supposedly a UN peacekeeper at one point. The projects he was working on were hosted by an Israeli company.
So he had an anti-semetic rant and quit.
digg link (which has a lot more insightful commentary, btw)
from Ars:
You can't buy all that nice shit to fill your McMansion with though... i.e. it's good for those who need jobs, bad for those who like to buy foreign cars, big screen TVs, and PS3s.
Become a gamespot *free* member and you'll be able to download the presentation by suppertime tonight. In WM format only though...
You have a filthy, filthy mind. Do you have a newsletter I can subscribe to?
Say we start with 100Y = 10USD. A cube costs 9000Y for manufacturing/shipping/promotion/etc and sells for 10,000Y (100USD). That's a 1000Y profit on every unit sold.
If the USD drops %20 (vs. Y) then we have 80Y=10USD. But the cube still sells for 100USD (or 8000Y). Now we have -1000Y profit on every cube sold.
Also, very large companies that rely on real materials (manufacturers) will often hold large sums of money in foreign currencies to offset raw material cost fluctuations. Basically, hedging their bet so that they can still afford to buy widgets. So, if N bought plastic from the U.S. to make cubes, and the USD went way up vs. the Yen, they could still afford the plastic.
Having a strong currency relative to another country is bad for selling, but good for buying. This is why the U.S. has such a huge trade deficit with China. We keep buying t-shirts, but they don't buy anything from us.
I think that for Nintendo it's a combination of strong Yen and a big inventory of unsold hardware that they have to discount (ie. they've already spent the money but haven't sold the product).
Here's a link
BTW, it would affect Sony just as much if they were in the same position. Maybe they shorted the USD?
Anyway, it's pretty much moot. The loss was from 2-3 years ago. I think they probably have good controls in place now to smooth these things out.
And the value of the United States Dollar affects a corporation traded in Japanese Yen in what way? If I have a 1000 Yen and buy 10 USD, and then the USD drops %20 relative to the Yen, I have lost 200 yen without spending a penny. This loss is reflected in Yen even though I still have 10 USD. Simple enough, I hope.
Toronto:
ATI (the chip company)
IBM labs (lot of Java work)
Hummingbird (X on Windows)