In other news, Bridgestone says sales of tires will increase if prices of cars decrease by half.
Hallmark blames stagnant card sales on too few holidays in developing countries.
Airlines say they are being ripped off because planes are overly expensive.
Each share is priced well over US$100 and the MINIMUM bid is FIVE shares. That's over ~US$550 if you want to own a tiny piece of the company.
The two founders will own a minority stake but retain 60% of the voting rights. WHAT? Where's the accountability (especially after Enron, Worldcom...) Too much power concentrated on top of the foodchain. Investors have TINY input on decisions, i.e. no input how to make their investment better.
First, auctions are not a new IPO mechanism. They have been tried in numerous countries over the last 25 years (including the United States) and, in almost all cases, have been discarded in favor of the traditional American IPO method. Second, what's good for the company (high price) is often bad for investors (less upside). Third, those willing to pay the most for shares may not be those best qualified to evaluate their worth. Fourth, and relatedly, auctions are generally not better for individual investors (i.e., us). When individuals "win" auctions (e.g., get stock), it is often because they outbid professional investors who have better information and/or a better sense of value. In such cases, the future stock performance is usually lousy, and the "winners" end up losing.
Google at $3B is overvalued at a P/E of over 100. Yahoo! is valued at the same but has a LONGER and MORE PERSISTENT performance record. Microsoft made MSN Search in mere 11 months. Search market is cooling down in the fall (temporarily or - worse - permanently), so to bank on Google making lots of profits and continue to do so for next few decades in order to justify $100/share is more of a gamble than a investment.
Just go to MarketWatch, last week's Economist (subscr.), and a whole load other places and they will all tell you how short sighted this MSN article is. Yes, it will avoid the pop. But that does NOT necessarily make it better. The way it's being conducted now, it remains to be seen.
You can get Internet only on Rogers Cable with a $10 surcharge. Basic cable cost $22 so it's still a good deal. Of course, after I refused to pay the extra $12 dollars for the cable, they called me and offered to give me free cable for two months, which worked out great.
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I do see the pop under on Firefox/Mac.
The evil bit, really is where it says:
dc.write('scr'+'ipt language="javascript" src="http://media.fastclick.net');
notice how they are using javascript to include another javascript, and somehow have 'scr'+'ipt' to spell "script" is helpful.
In other news, Bridgestone says sales of tires will increase if prices of cars decrease by half. Hallmark blames stagnant card sales on too few holidays in developing countries. Airlines say they are being ripped off because planes are overly expensive.
There must also be a page that says "TODO: Security policy goes here."
Just go to MarketWatch, last week's Economist (subscr.), and a whole load other places and they will all tell you how short sighted this MSN article is. Yes, it will avoid the pop. But that does NOT necessarily make it better. The way it's being conducted now, it remains to be seen.
You can get Internet only on Rogers Cable with a $10 surcharge. Basic cable cost $22 so it's still a good deal. Of course, after I refused to pay the extra $12 dollars for the cable, they called me and offered to give me free cable for two months, which worked out great.