Sony Music lost money in 2001, the last full year I looked, and I think AOL's music division made a small profit in 2002 (less than 6% of sales, IIRC), overall industry profit is probably less than half a billion in 2002. Although that is sort of a bad measure, since poorly managed companies can eat the lion's share of revenue, and consistantly lose money or eek out a small profit.
Yes it is yours to do with as you please, but part of the sales price could be consideration in a contract that required you to uphold certain requirements. You can contract almost anything away (even liberty and the pursuit of happiness) the courts are happy to honor almost any good faith agreement.
Dang it after the second story I figured it must be true, since I read it on the internet, and just finished reprograming all of my routing tables, now I have to do it again? My boss is gonna kill me.
That sounds about right, the government gets in to protect some now non existant company in the industry, and everyone blames the "evil monopolists" in Asia. My favorite tariff case was whether the X-Men were humans or not, the toy company was pushing for them to be non-human figures to apply to a lower tariff, while the fans were decrying the decision because they liked the X-Men as humans.
I've been using both for a few months now, as just browsers, nothing additional for Moz, and it seems like the nice things about Mozilla outweigh the speed of Phoenix. I like them both, quite a bit, it has completely replaced IE on my Windows box, but Mozilla just seems more polished. I'm sure Phoenix will rapidly improve, but it just doesn't seem like it offers much of an advantage. If I were still on my old Pentium Laptop, I might have a different opinion, but for now, I'm sticking with mozilla.
They do get an interest free loan from everyone holding those $20s though, and most large holders of currency are doing it for nefarious purposes. Not all that valuable, but hey a couple of million here and a couple of million there and pretty soon were talking a pretty good pile of change.
My favorite method involved a wealthy playboy, a card counter, and a dealer on the take, the playboy loses, the card counter wins and the three split the laundering fee. The biggest idiots in money laundering were these weed growers back home who tried to plow millions in profit through a combination driving range batting cage in a town of 10,000. Lets see at $2/bucket of balls everyone in town is buying two buckets a week for all of the season. Any tax investigator could see that the place was always empty. They had a pretty good system for growing it, too, and probably could have lasted quite a while, if they hadn't gotten busted on their dumb money laundering plan.
Designing the whole socket 370 to Socket A adapter might be a bit of a turnoff, or perhaps a challenge. You make the call:). You could probably get a nice Celeron, or possibly even one of the.13 micron Pentium 3s, I don't know if the chipset supports those though.
It has to do with the IPO market which is very cyclical and depends greatly on excitement, everyone wants in on the next offering when the last one made investors 45% in one day. Currently there are few offerings, and few companies that can generate any enthusiasm. Google is likely to be one of the more exciting IPOs in the year it happens, and investment bankers have been licking their chops in anticipation of it. After Google, you can send a more marginal company through and get a nice bump from it, and the sucessful bank will reap a healthy chunk of fees. Investment bankers get a standard 12% of the value of any offering they make, and they almost never discount their fees.
They are holding out for a better price. Currently public investors are smarting from the losses they took over the last three years, and are not wanting anything to do with any internet company. The venture capitalists are happy to wait for the mood to improve before bringing a "profitable, different" dot com to sell. The venture investors have no problem with an IPO investment tanking, since they are happy to be out about six months after the IPO, when their lockup contracts have expired.
Textbook is that they allow a firm to raise capital for spending projects. To the company an IPO is no different than any other new equity investment, the current owners agree to sell an ownership stake to new investors, at a set price. As a source of funds they are useful, because owners don't get a structured payment schedule, the company is never required to pay a dividend, unlike debt financing which requires interest payments and an eventual principle payment.
A more cynical view is that companies go public to promote their name, provide a market to sneak option payment to employees, and enrich their venture capital owners. There is something to be said for the markets as an advertising tool. How many people have heard of Cisco, because of the simple fact that they were one of the best performing stocks for most of the 1990s, even if they will never see a piece of Cisco hardware, and how many purchase decisions were made on those grounds. With the current differential between GAAP standards and tax standards, in which options are a taxable expense, but don't need to be reported as an expense to owners, there is a strong incentive to pay empoyees with them, which is not possible for a private comany, with no plans to ever go public. Venture capitalists also need a method to get a return on their investments, most don't have a time horizon long enough to wait for the company to begin paying dividends to provide their entire return.
Realize that every company has an owner, and that the owner or owners all expect that managment work primarily for their benefit. Also that private owners can be just as short sighted as wall street, or public owners can be just as forward thinking as private ones. It doesn't make them any less evil either. Ask about any farmer about Cargill (a private ag services company), and you will see a venom that is about the same as the/. hatred for Microsoft.
Its just that for about 5 years, public owners were overpaying for everything, so everyone was trying very hard to sell an company, especially ones related to the internet or technology to the public owners. Now that they have realized they over paid and valuations fall, expect to see a significant number of companies taken back private.
As far as I know, the company is fairly tight lipped about their financing, they are cash flow positive, which means that they are able to fund their current cash needs with operating cash flows (cash that the business generates). They have recieved at least one round of venture funding, and those investors will eventually want a way to liquidate their investments. Usually there are only two methods of liquidating a venture investment, public markets, which will allow the venture captialists to sell their stake, or a sale of the company to another company.
It is (its down about 10%-15% to the Euro, as well as other currencies, since January), but there is another factor besides trade goods that affects exchange rates. Investment in the US has been the counter what should have made the dollar decline. Once the bubble popped, and an increasingly large group of foreigners grew concerned about our political situation to invest elsewhere, the dollar started falling. Currently, Asian investments have stemmed the massive selloff, but they could decide to move away from the US as the Euro becomes an increasingly important store of value. Free markets have many, many self correcting mechanisims, if you are willing to wait for them.
FYI, the Dell printers in question are just thinly veiled Lexmarks, all the technology inside comes from Lexmark. Expect the lawsuits shortly after the aftermarket companies start making cartriges that fit the Dells.
I was surprised that Dell didn't try to eat away at printer cartrige prices, that would be an excellent method to get HP to raise PC prices. HP makes almost all of their money on inkjet consumables.
My favorite example of that is lobsters, male lobsters each have their own pheremone, and lobsters remeber who they fought for up to a week, and scamper out of the way if they catch the scent of a lobster that beat them recently.
Agggggh, I so want to see this, but the nearest theater it opened at is about a thousand miles from my home. Its only unknown because the studio for some reason didn't send it into wide release. I only know about it from the Penny Arcade cartoon, and then the trailer. I think this one will have to wait until it hits DVD, hopefully soon.
I have to ask, do you know the people you sell the random items to, or are they regular transactions? That has to be one of the funniest set of auctions I've ever seen. What did the guy do with the toothpaste, did he actually just use it up and throw it away?
No bursting my bubble, but our governor might be a little miffed. The biggest reason Montana largely didn't participate at all in the run up of the last decade was that our tax structure is decidedly unfavorable to starting a new business. We subsidize the education and then export most of our engineers to other states. While our elected officials whine about both situations, they are unwilling to do anything about keeping our educated studentst here. The comment was mostly a joke, the scary competition is from the extremely low costs in foreign countries. You should see cost of living in India if you really want to scare yourself. That cost difference will be low enough that Montana and other low cost US regions will largely miss any potential benefits from their cost of living differentials.
I have no problem with people using market forces to make a decision, but I have heard many a kid and young adult who wanted to be a doctor/lawyer only because he would make a lot of money. Only to learn after college that money doesn't buy happiness. Now you have a miserable bitter person who is taking a position from someone that would have enjoyed it and been more successful. Money should be one of the considerations of a career, but certainly not the only one.
FYI, China includes a very large number of quasi-military personell in their totals. The last time I checked on figures (in the mid 90's) the PRC army was about 4 million, but only about 1 million of those were regulars, the rest were the police, and other security and infastructure forces. At the time that was just over our numbers, if you include reservists and active.
His point is that the cable company pays the movie studio for each pay per view of the movie. So if you "tap in" you are likely costing the cable company money for the broadcast.
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Sony Music lost money in 2001, the last full year I looked, and I think AOL's music division made a small profit in 2002 (less than 6% of sales, IIRC), overall industry profit is probably less than half a billion in 2002. Although that is sort of a bad measure, since poorly managed companies can eat the lion's share of revenue, and consistantly lose money or eek out a small profit.
Wasn't it deluxe?
Yes it is yours to do with as you please, but part of the sales price could be consideration in a contract that required you to uphold certain requirements. You can contract almost anything away (even liberty and the pursuit of happiness) the courts are happy to honor almost any good faith agreement.
Dang it after the second story I figured it must be true, since I read it on the internet, and just finished reprograming all of my routing tables, now I have to do it again? My boss is gonna kill me.
If it is on /. today its Crap. However, some might argue that it's always that here.
That sounds about right, the government gets in to protect some now non existant company in the industry, and everyone blames the "evil monopolists" in Asia. My favorite tariff case was whether the X-Men were humans or not, the toy company was pushing for them to be non-human figures to apply to a lower tariff, while the fans were decrying the decision because they liked the X-Men as humans.
I've been using both for a few months now, as just browsers, nothing additional for Moz, and it seems like the nice things about Mozilla outweigh the speed of Phoenix. I like them both, quite a bit, it has completely replaced IE on my Windows box, but Mozilla just seems more polished. I'm sure Phoenix will rapidly improve, but it just doesn't seem like it offers much of an advantage. If I were still on my old Pentium Laptop, I might have a different opinion, but for now, I'm sticking with mozilla.
They do get an interest free loan from everyone holding those $20s though, and most large holders of currency are doing it for nefarious purposes. Not all that valuable, but hey a couple of million here and a couple of million there and pretty soon were talking a pretty good pile of change.
My favorite method involved a wealthy playboy, a card counter, and a dealer on the take, the playboy loses, the card counter wins and the three split the laundering fee. The biggest idiots in money laundering were these weed growers back home who tried to plow millions in profit through a combination driving range batting cage in a town of 10,000. Lets see at $2/bucket of balls everyone in town is buying two buckets a week for all of the season. Any tax investigator could see that the place was always empty. They had a pretty good system for growing it, too, and probably could have lasted quite a while, if they hadn't gotten busted on their dumb money laundering plan.
Designing the whole socket 370 to Socket A adapter might be a bit of a turnoff, or perhaps a challenge. You make the call:). You could probably get a nice Celeron, or possibly even one of the .13 micron Pentium 3s, I don't know if the chipset supports those though.
It has to do with the IPO market which is very cyclical and depends greatly on excitement, everyone wants in on the next offering when the last one made investors 45% in one day. Currently there are few offerings, and few companies that can generate any enthusiasm. Google is likely to be one of the more exciting IPOs in the year it happens, and investment bankers have been licking their chops in anticipation of it. After Google, you can send a more marginal company through and get a nice bump from it, and the sucessful bank will reap a healthy chunk of fees. Investment bankers get a standard 12% of the value of any offering they make, and they almost never discount their fees.
They are holding out for a better price. Currently public investors are smarting from the losses they took over the last three years, and are not wanting anything to do with any internet company. The venture capitalists are happy to wait for the mood to improve before bringing a "profitable, different" dot com to sell. The venture investors have no problem with an IPO investment tanking, since they are happy to be out about six months after the IPO, when their lockup contracts have expired.
Textbook is that they allow a firm to raise capital for spending projects. To the company an IPO is no different than any other new equity investment, the current owners agree to sell an ownership stake to new investors, at a set price. As a source of funds they are useful, because owners don't get a structured payment schedule, the company is never required to pay a dividend, unlike debt financing which requires interest payments and an eventual principle payment. /. hatred for Microsoft.
A more cynical view is that companies go public to promote their name, provide a market to sneak option payment to employees, and enrich their venture capital owners. There is something to be said for the markets as an advertising tool. How many people have heard of Cisco, because of the simple fact that they were one of the best performing stocks for most of the 1990s, even if they will never see a piece of Cisco hardware, and how many purchase decisions were made on those grounds. With the current differential between GAAP standards and tax standards, in which options are a taxable expense, but don't need to be reported as an expense to owners, there is a strong incentive to pay empoyees with them, which is not possible for a private comany, with no plans to ever go public. Venture capitalists also need a method to get a return on their investments, most don't have a time horizon long enough to wait for the company to begin paying dividends to provide their entire return.
Realize that every company has an owner, and that the owner or owners all expect that managment work primarily for their benefit. Also that private owners can be just as short sighted as wall street, or public owners can be just as forward thinking as private ones. It doesn't make them any less evil either. Ask about any farmer about Cargill (a private ag services company), and you will see a venom that is about the same as the
Its just that for about 5 years, public owners were overpaying for everything, so everyone was trying very hard to sell an company, especially ones related to the internet or technology to the public owners. Now that they have realized they over paid and valuations fall, expect to see a significant number of companies taken back private.
As far as I know, the company is fairly tight lipped about their financing, they are cash flow positive, which means that they are able to fund their current cash needs with operating cash flows (cash that the business generates). They have recieved at least one round of venture funding, and those investors will eventually want a way to liquidate their investments. Usually there are only two methods of liquidating a venture investment, public markets, which will allow the venture captialists to sell their stake, or a sale of the company to another company.
It is (its down about 10%-15% to the Euro, as well as other currencies, since January), but there is another factor besides trade goods that affects exchange rates. Investment in the US has been the counter what should have made the dollar decline. Once the bubble popped, and an increasingly large group of foreigners grew concerned about our political situation to invest elsewhere, the dollar started falling. Currently, Asian investments have stemmed the massive selloff, but they could decide to move away from the US as the Euro becomes an increasingly important store of value. Free markets have many, many self correcting mechanisims, if you are willing to wait for them.
FYI, the Dell printers in question are just thinly veiled Lexmarks, all the technology inside comes from Lexmark. Expect the lawsuits shortly after the aftermarket companies start making cartriges that fit the Dells.
I was surprised that Dell didn't try to eat away at printer cartrige prices, that would be an excellent method to get HP to raise PC prices. HP makes almost all of their money on inkjet consumables.
My favorite example of that is lobsters, male lobsters each have their own pheremone, and lobsters remeber who they fought for up to a week, and scamper out of the way if they catch the scent of a lobster that beat them recently.
Agggggh, I so want to see this, but the nearest theater it opened at is about a thousand miles from my home. Its only unknown because the studio for some reason didn't send it into wide release. I only know about it from the Penny Arcade cartoon, and then the trailer. I think this one will have to wait until it hits DVD, hopefully soon.
I have to ask, do you know the people you sell the random items to, or are they regular transactions? That has to be one of the funniest set of auctions I've ever seen. What did the guy do with the toothpaste, did he actually just use it up and throw it away?
No bursting my bubble, but our governor might be a little miffed. The biggest reason Montana largely didn't participate at all in the run up of the last decade was that our tax structure is decidedly unfavorable to starting a new business. We subsidize the education and then export most of our engineers to other states. While our elected officials whine about both situations, they are unwilling to do anything about keeping our educated studentst here. The comment was mostly a joke, the scary competition is from the extremely low costs in foreign countries. You should see cost of living in India if you really want to scare yourself. That cost difference will be low enough that Montana and other low cost US regions will largely miss any potential benefits from their cost of living differentials.
Isn't that what he always does, and what has made him almost as reliably entertaining as Larry Ellison as a speaker?
I have no problem with people using market forces to make a decision, but I have heard many a kid and young adult who wanted to be a doctor/lawyer only because he would make a lot of money. Only to learn after college that money doesn't buy happiness. Now you have a miserable bitter person who is taking a position from someone that would have enjoyed it and been more successful. Money should be one of the considerations of a career, but certainly not the only one.
Your manager is salivating already, just think how well a programmer could live on 70% of your salary. Billings vs San Jose.
FYI, China includes a very large number of quasi-military personell in their totals. The last time I checked on figures (in the mid 90's) the PRC army was about 4 million, but only about 1 million of those were regulars, the rest were the police, and other security and infastructure forces. At the time that was just over our numbers, if you include reservists and active.
His point is that the cable company pays the movie studio for each pay per view of the movie. So if you "tap in" you are likely costing the cable company money for the broadcast.