All laptops are third party designed and bilt by one of several Taiwanese firms. The US branded company largely slaps a logo on it (Dell & HP order the parts from suppliers). Besides eMachines has gotten a whole lot better in the last few years, completely new management team and they got bought by Gateway earlier this year.
I think I see what you are getting at, they had a great deal and went after tiny arbs because of overconfidence rather than making money on surer things with their huge advantage. Wish I could sign a few nobel laurates and get rediculously low transaction costs.
By and large arbitrage requires you getting a better deal than others because others will arb something to the most they can counting their fees. Imagine a realisticly sure bet, sell a bond future and a put and, buy stock and a call netting a $1.50 per $1000 profit. This is a great deal for someone who pays $0.75 in trading costs but wouldn't be undertaken by the masses who pay $1.55 for the trading costs. The sticky part is when you have a one day event in which the bond future requires a billion dollar margin call. I've never read When Genius Failed but know many wealthy and broke bond traders who were on opposite sides of smaller bailouts in 1987.
LTCM learned the hard way that markets can remain irrational longer than you can remain solevant. They were actually right, the US bonds were overvalued relative to foreign bonds, but there was this little bump in the middle that caused one of their positions to require large margin calls (cash now) at a time when their positions were valued at a deep loss. They were acting as the house (and had an overall winning strategy) but every once in a while a whale comes in and takes a few million. In the global bond markets it was a few billion and they were under. This happens all the time to little guys they are only news because Greenspan decided that if they defaulted they would bring down enough banks to cause an effect on the economy and covered the loans (no doubt for the positons they held).
It was this guy with a $200 or $250 rebate. I didn't even need a laptop and almost bought it. Still trying to decide whether to get a g5 system or build my own AMD 64 system. Any advice?
The other day I was amazed to find a sweet widescreen (15.4") laptop with an AMD 64, 512 MB of ram a Radeon 9200 mobile (or something similar) for around $1400 (if you trust the rebate). Perhaps a bit underpowered for Doom 3 but it looked decently mobile enough. Might be a bit lower than what you were shooting for but it would certainly be close, and you could by several games/accessories with the savings.
All I recall seeing in an Enron auction were the then new 60" plasma screens and a bunch of Sun Ultra 5 and E450 systems. FWIW, I don't think they would run WinXP either.
In addition to low fees, they aren't trying at the road show, made them all improve their computer systems, take 5 share orders and took away the really valuable part the right to issue shares at a very low price to favored clients (who pay out the nose for handholding of some sort).
With all the online brokerages I've used they never charge extra for odd lot trades, and execution seems to be fine. I'd agree that even a few years ago you had to deal in lots of 100 but anymore it really isn't necessary. And at a few dollars a trade commission (5-20) the percentage hit for a commission isn't as steep as it was for round lots through the mid 90s. Crap it's probably lower than the sales fee on a load fund.
I agree that the Google IPO is overpriced at the reccomended range.
The milk law is only for unpasteurized raw milk, I think it's a holdover consumer protection law from days when unethical businessmen would try to save money by not pasteurizing milk. The wheat board is a collective monopoly sponsored by the government, it's an easy way to boost prices without a direct subsidy. For some goofy reason politicians see farming as a noble profession that makes them worthy of huge amounts of governmental support. I really don't understand this but it's pretty common in the developed world.
Isn't it odd how much easier it is to always find the correct key when reaching for a shortcut than when all the fingers are in their location on home row. I can always seem to find CTRL X,C,and V without looking when I try to cut copy or paste, but interchange them frequently while typing.
A call option is what all company options are. You make money if the value of an something goes up (or in this case the Sauds remain in power. It's value goes to 0 quickly if the value declines (or the Sauds leave power). The opposite would be a put option (you make money if something declines. Mark Cuban is currently wealthy because he bought puts on his Yahoo stake in 1999/2000.
My favorite quote of all time comes from the economist, "the entire western economy is a call option on the house of Saud." If that isn't a scary thought I don't know what is. There was an excellent article on Slate the other day that put this same idea in quite a few more words (summary that Osama wants the oil under Saudi Arabia and Iraq, and the regime we have been supporting for the better part of 50 years is currently tottering).
Unfortunately I know of nothing with the energy density of fossil fuels. Find something that approaches the production cost and energy density of fossil fuels and you will be richer than Bill Gates.
Linux users are either smart enough to get online when things go wrong, or they order in advance of the install, while windows users hose their computer and have to buy one in a bricks and mortar store.
My very basic understanding of the relationship is this, it takes less power to cause a smaller semiconductor to switch states, however as you move wires closer together you start to have capacitive leakage and inductive effects from the wires. Up until a few years ago, you the former was signficantly larger than the latter, but in recent years they have become more equal in magnitude of effect. I like to think of semiconductors (and most electrical things) in terms of fluid flow (not ideal but you can get the picture better). Imagine a water valve with both hot and cold water entry and leaving (they share a mixing area). When water arrives some processing is done that assigns it a path and when it hits the gate the force of the water opens the gate, after the water leaves it closes. If we shrink the valve down it will require less water arriving before it opens, however as we move the hot pipe closer to the cold pipe some undesired heat is transfered. This is something similar to the effects designers (and manufacturers are dealing with on semiconductors).
Everything I've seen from Google's management says we don't give a rat's @$$ about the IPO process. A company like this that really wanted to go public with aplomb would easily raise nearly as much money and end with a market cap north of $60 billion (lot's of unofficial advertising support). Count the investment banks that piled on even though they all realize that they probably won't make much money, after they install systems to allow the auction. People have been excited about buying Google for more than 3 years, and management is doing everything they can to keep the IPO price down share classes, the registration statement, bankers getting hosed (that's like constantly reducing your sales commission the bankers are little more than well dressed salespeople), and not giving any real information about their company's operations or financials. They don't want a big IPO from everything I've seen.
I believe legally there is a specific form that must be filed with the SEC that is the only thing that can be used as a solicitation to purchase shares.
I try a can of pop it's usually enough to forestall the headache but not so much that you will get a worse one later. Also cut the alcahol, a healthy lifestyle is not caffene in the morning to get going and drinks after dinner to slow down, but it's pretty easy.
That could be a second big factor between US and Asian broadband. One of the most important statistics in assessing the potential profitability of a cable type business (phone, video, internet, even a power company) is homes per mile of cable. Your costs of deploying and maintaining a mile of cable are pretty fixed, say annual costs are in the $500/mo range. If your "content" (phone network, cable channels, ISP costs, or powerplant costs) are 80% of final consumer price your money is made on bringing your portion of revenues above your cable costs. If one area (say South Korea or a US city) has a density of 1000 homes per mile (lots of apartments and stuff). That will be far more profitable than Farmer Jones and Farmer Smith who live 1/2 mile from each other (say 10 homes per mile). The only way it's profitable to provide "piped" services to these places is through subsidies (the Universal service fund, franchise agreements, etc). I'd be surprised if more that 75% of the US population was in an area that was profitable to serve without subsidies. One of the more unique things about the US is that we have a ton of space per person. While this had been a huge boon from about 1700 to 1970, it is a drawback so in the new world of networks.
Because if there is something geeks love more than arbitrage, I sure can't think of it. In the second year class you learn that a major factor in the success of a price discrimination senario is to reduce or eliminate arbitrage. It makes us feel special for our OCDlike affection for studying things like pricing/feature differences.
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All laptops are third party designed and bilt by one of several Taiwanese firms. The US branded company largely slaps a logo on it (Dell & HP order the parts from suppliers). Besides eMachines has gotten a whole lot better in the last few years, completely new management team and they got bought by Gateway earlier this year.
I think I see what you are getting at, they had a great deal and went after tiny arbs because of overconfidence rather than making money on surer things with their huge advantage. Wish I could sign a few nobel laurates and get rediculously low transaction costs.
By and large arbitrage requires you getting a better deal than others because others will arb something to the most they can counting their fees. Imagine a realisticly sure bet, sell a bond future and a put and, buy stock and a call netting a $1.50 per $1000 profit. This is a great deal for someone who pays $0.75 in trading costs but wouldn't be undertaken by the masses who pay $1.55 for the trading costs. The sticky part is when you have a one day event in which the bond future requires a billion dollar margin call. I've never read When Genius Failed but know many wealthy and broke bond traders who were on opposite sides of smaller bailouts in 1987.
LTCM learned the hard way that markets can remain irrational longer than you can remain solevant. They were actually right, the US bonds were overvalued relative to foreign bonds, but there was this little bump in the middle that caused one of their positions to require large margin calls (cash now) at a time when their positions were valued at a deep loss. They were acting as the house (and had an overall winning strategy) but every once in a while a whale comes in and takes a few million. In the global bond markets it was a few billion and they were under. This happens all the time to little guys they are only news because Greenspan decided that if they defaulted they would bring down enough banks to cause an effect on the economy and covered the loans (no doubt for the positons they held).
It was this guy with a $200 or $250 rebate. I didn't even need a laptop and almost bought it. Still trying to decide whether to get a g5 system or build my own AMD 64 system. Any advice?
The other day I was amazed to find a sweet widescreen (15.4") laptop with an AMD 64, 512 MB of ram a Radeon 9200 mobile (or something similar) for around $1400 (if you trust the rebate). Perhaps a bit underpowered for Doom 3 but it looked decently mobile enough. Might be a bit lower than what you were shooting for but it would certainly be close, and you could by several games/accessories with the savings.
All I recall seeing in an Enron auction were the then new 60" plasma screens and a bunch of Sun Ultra 5 and E450 systems. FWIW, I don't think they would run WinXP either.
In addition to low fees, they aren't trying at the road show, made them all improve their computer systems, take 5 share orders and took away the really valuable part the right to issue shares at a very low price to favored clients (who pay out the nose for handholding of some sort).
With all the online brokerages I've used they never charge extra for odd lot trades, and execution seems to be fine. I'd agree that even a few years ago you had to deal in lots of 100 but anymore it really isn't necessary. And at a few dollars a trade commission (5-20) the percentage hit for a commission isn't as steep as it was for round lots through the mid 90s. Crap it's probably lower than the sales fee on a load fund. I agree that the Google IPO is overpriced at the reccomended range.
You just summarized discovery.
The milk law is only for unpasteurized raw milk, I think it's a holdover consumer protection law from days when unethical businessmen would try to save money by not pasteurizing milk. The wheat board is a collective monopoly sponsored by the government, it's an easy way to boost prices without a direct subsidy. For some goofy reason politicians see farming as a noble profession that makes them worthy of huge amounts of governmental support. I really don't understand this but it's pretty common in the developed world.
Why is the abreviation for Swiss ch? The ISO currency symbol for Swiss Francs is CHF as well, am I missing something in German or something?
Isn't it odd how much easier it is to always find the correct key when reaching for a shortcut than when all the fingers are in their location on home row. I can always seem to find CTRL X,C,and V without looking when I try to cut copy or paste, but interchange them frequently while typing.
A call option is what all company options are. You make money if the value of an something goes up (or in this case the Sauds remain in power. It's value goes to 0 quickly if the value declines (or the Sauds leave power). The opposite would be a put option (you make money if something declines. Mark Cuban is currently wealthy because he bought puts on his Yahoo stake in 1999/2000.
My favorite quote of all time comes from the economist, "the entire western economy is a call option on the house of Saud." If that isn't a scary thought I don't know what is. There was an excellent article on Slate the other day that put this same idea in quite a few more words (summary that Osama wants the oil under Saudi Arabia and Iraq, and the regime we have been supporting for the better part of 50 years is currently tottering).
Unfortunately I know of nothing with the energy density of fossil fuels. Find something that approaches the production cost and energy density of fossil fuels and you will be richer than Bill Gates.
Linux users are either smart enough to get online when things go wrong, or they order in advance of the install, while windows users hose their computer and have to buy one in a bricks and mortar store.
My very basic understanding of the relationship is this, it takes less power to cause a smaller semiconductor to switch states, however as you move wires closer together you start to have capacitive leakage and inductive effects from the wires. Up until a few years ago, you the former was signficantly larger than the latter, but in recent years they have become more equal in magnitude of effect.
I like to think of semiconductors (and most electrical things) in terms of fluid flow (not ideal but you can get the picture better). Imagine a water valve with both hot and cold water entry and leaving (they share a mixing area). When water arrives some processing is done that assigns it a path and when it hits the gate the force of the water opens the gate, after the water leaves it closes. If we shrink the valve down it will require less water arriving before it opens, however as we move the hot pipe closer to the cold pipe some undesired heat is transfered. This is something similar to the effects designers (and manufacturers are dealing with on semiconductors).
Everything I've seen from Google's management says we don't give a rat's @$$ about the IPO process. A company like this that really wanted to go public with aplomb would easily raise nearly as much money and end with a market cap north of $60 billion (lot's of unofficial advertising support). Count the investment banks that piled on even though they all realize that they probably won't make much money, after they install systems to allow the auction. People have been excited about buying Google for more than 3 years, and management is doing everything they can to keep the IPO price down share classes, the registration statement, bankers getting hosed (that's like constantly reducing your sales commission the bankers are little more than well dressed salespeople), and not giving any real information about their company's operations or financials. They don't want a big IPO from everything I've seen.
I believe legally there is a specific form that must be filed with the SEC that is the only thing that can be used as a solicitation to purchase shares.
I cuss, you cuss, we all cuss for asparagus!
I try a can of pop it's usually enough to forestall the headache but not so much that you will get a worse one later. Also cut the alcahol, a healthy lifestyle is not caffene in the morning to get going and drinks after dinner to slow down, but it's pretty easy.
In Montana I believe it is still legal to kill a native american if you are under a wagon.
That could be a second big factor between US and Asian broadband. One of the most important statistics in assessing the potential profitability of a cable type business (phone, video, internet, even a power company) is homes per mile of cable. Your costs of deploying and maintaining a mile of cable are pretty fixed, say annual costs are in the $500/mo range. If your "content" (phone network, cable channels, ISP costs, or powerplant costs) are 80% of final consumer price your money is made on bringing your portion of revenues above your cable costs. If one area (say South Korea or a US city) has a density of 1000 homes per mile (lots of apartments and stuff). That will be far more profitable than Farmer Jones and Farmer Smith who live 1/2 mile from each other (say 10 homes per mile). The only way it's profitable to provide "piped" services to these places is through subsidies (the Universal service fund, franchise agreements, etc). I'd be surprised if more that 75% of the US population was in an area that was profitable to serve without subsidies. One of the more unique things about the US is that we have a ton of space per person. While this had been a huge boon from about 1700 to 1970, it is a drawback so in the new world of networks.
Actually most of the Sempron line is just a renamed older Athlon for cheap systems. One is a non 64bit socket 754 CPU.
Because if there is something geeks love more than arbitrage, I sure can't think of it. In the second year class you learn that a major factor in the success of a price discrimination senario is to reduce or eliminate arbitrage. It makes us feel special for our OCDlike affection for studying things like pricing/feature differences.