846 posts • joined Monday 10th March 2008 14:53 GMT
Re: Ha Ha Ha
"It seems like the technical people that develop and keep the systems running are the real masters of the universe, not the bankers"
I'll just get my Battle Cat then....
In a country where everyone has the right to bear arms, I can imagine that Amazon will lose a few of these drones every year.
Re: Seems a bit pointless
It's vapourware and, given their recent offerings, by the time it does become tangible it'll be 6+ months old tech-wise. But that won't stop the faithful from buying it. You can knock Apple all you like but they consistently manage to shift old technology at premium prices. When you think about it, it's startling that they can continue to do this.
This might turn out to be a good thing for HTC. They've got too many handsets that are too close together tech-wise and they need to rationalise their product offering. Then they need to get back to old fashioned customer support. Fix bugs, push updates to older models, write more apps for Google Play, etc. It's not rocket science. They should make me CEO.
Stuxnet 2? Far fetched?
Stuxnet 2 was discovered in 2010 when VirusBlokAda stumbled across it. It was only upon its analysis that researchers discovered Stuxnet 1 and traced it back to a 2007 sample code upload to Virustotal. Researchers admit that without Stuxnet 2, it was extremely unlikely Stuxnet 1 would have been discovered.
So Iran's claim of a new Stuxnet variant (Stuxnet 3) is not far-fetched at all. The success of Stuxnet 1 in remaining hidden for a number of years only to be subsequently discovered by chance, is ample evidence that cyber-warfare is (a) effective, and (b) if done correctly, can remain effective for a long time.
While Iran - and other countries - continue to pursue a policy of nuclear enrichment (HEU or not), they will remain a target for countries that already possess the technology and do not want to see a proliferation of it.
I remember similar stories when I was in Oz 20 years ago. Since then, the 'necrosis' legend has turned out to be an urban myth. See http://www.australasian-arachnology.org/myths/white-tailed-spider/
It reminds me of the 'aggressive Grey Nurse shark" phobia in the 1970s which Ron and Val Taylor campained against at the time. It turned out that they were right all along. Grey Nurse sharks were, in fact, very timid.
My thoughts exactly.
"broken bail and contempt of court"
It reminds me of Central America during the 1980s. I also doubt the decision about how to police Assange had any input from Assange and was entirely politically driven.
Re: No idea
Agreed. What kind of 'damn fine' architect designs a football stadium that looks like a vulva?
Re: "Apple told El Reg in a statement"
My thoughts exactly.
A leopard can't change its spots and there's been no change in Apple's approach to PR.
The only reason why Apple have issued a statement to El Reg is because Apple are trying to get a message out any way they can when it is obvious - even to Apple - that this is a major blow to Apple's patent jihad.
Mathematica for children?
I always thought Mathematica was a university-level piece of software like MatLab.
Having been in the finance industry for >20 years it still continues to surprise me how much these individual are willing to lose, just to make a quick buck.
He now has a criminal record - for fraud.
He is no longer employable in the securities industry - ever.
He is unlikely to get an office job - ever.
Going to prison, he will either get gang-bashed or gang-raped - the choice is his. I have numerous friends who are criminal law solicitors and they all tell me this is exactly what happens in prison.
Was it really worth it?
"as well as a power plant"
Continuity of power supply in NK is a known problem, but I can't see how an independent power plant will solve NK's lack-of-fuel problem.
Seriously, I doubt there is any truth in the story.
Except for China, I doubt there are any 'foreign' investors willing to take the political risk of NK (ie. subsequent wholesale nationalisation of the plant by the DPRK). The only thing China could gain would be the absence of labour costs. I have no doubt that DPRK will use its unskilled, Gulag labour (yes, those labour camps that DPRK refuses to acknowledge exist despite the testimony of satellite imagery and NK defectors). Unskilled labour, poor quality control and an unacceptably high spoilage rate will make the venture uneconomic - even with zero labour cost.
The whole story is nothing but DPRK propaganda.
...on what were they worth before he took the job.
"We need someone to expose the shenanigans and put it out in the public view and within the range of the public's legal understanding"
google Florian Muller. :-D
The 'phablet' genie is already out of the bottle. This attempt by Samsung to differentiate itself and take control of terminology is doomed to failure (phailure?). Just like MSFT's pathetic attempt to call their tablets 'slates', which has hopelessly failed as the word 'tablet' was already in common usage by then and continues to be the dominant term used in the market today.
Re: "rather terrible advert"
I quite liked it. It had that family-run-supermarket-chic look about it.
The rapacious, money-hungry ATO beast is at it again
With Australia's Franking Credit System the clearest indicator that Corporate Taxes are nothing more than a pre-payment of shareholders' Personal Income Tax, it now decides that foreigners (not resident shareholders) should pay Australian tax on an Australia citizen's offshore purchases. I fail to see the difference between an Australian who buys a suit from a HongKong tailor while in HongKong on holiday, and when he buys another suit from the same HongKong tailor, but when he's back in Oz using the internet. Is 'being in the country when you clicked the mouse' really grounds for determining the source of the income? Why should the HongKong tailor have to pay any Australian tax? He doesn't live there. He doesn't use any of its public services. IMHO, the ATO has no moral right to put their hand in his pocket but, clearly, they think they do.
Shame Australia. Shame.
Predicting the future
If his system was so good, why is he (a) employed, and (b) selling it?
These people are no different from those you see in Westerns selling 'elixir' from the top of a cart. Same scam, different stage.
I went to the apple store on regent street a few years ago. It was a memorable experience. Firstly, because it was my first of two visits I've ever made, but mainly because of the encounter I had with a shop "genius". Not only could he not tell me if the intel chips in their mac book airs supported virtualisation, but he also tried to suggest OSX was the first 64 bit OS, a title which iirc belongs to Solaris. More droid than genius.
Evasion vs. Avoidance
Evasion is not paying tax that is legally due to be paid, ie. breaking the law. Avoidance is the opposite: no laws are broken because no tax was ever due - the person simply structured their affairs and planned their transactions so that the long arm of HMRC has no right to be in their pocket, taking 40%+ of what they earn.
As to the register. It's admirable but, it will fail unless everyone else does it. Even then, how is it ever going to deal with 'Bearer' securities? What use is an entry in the register that says:
"the beneficial ownership of these securities is with the entity that can produce them on their demand."
I'm all for going after tax evaders, but the question of avoidance should not come into such discussions. Avoidance is legal. If a taxpayer is not allowed to understand the law and work within it, then the UK is no different from a totalitarian regime. If you don't agree with avoidance, then blame the legislature for not making new laws. Don't simply criticise someone for obeying the law.
they deserve what comes to them
They will be get what comes to them. However, I can't see the Courts granting injuctive relief. Equitable remedies are normally only given where common law damages cannot suffice.
I've been to Vietnam
and the divide between North and South is still obvious. People in the South are more friendly to Westerners, more willing to haggle for a deal and generally very pleasant. In the North, the people are suspicious of Westerners, insist on an inflated price and thereby lose trade, and generally try to fleece Westerners all the time.
North Vietnam is cold, dark and grey. South Vietnam is warm, bright and sunny.
Re: Shipment doesn't mean...
"I've got friends with various android tablets (bought cheap) they used them for a few weeks and gave up (due to the horrid screen interaction), most of them now either use an iPad mini or went back to their laptops."
Well I've got friends who bought an iPad, found it too limiting (sharing files anyone?), and sold it to buy an Android tablet where things are just easier.
In fact I've got more friends who this happened to than your friends, so Android is winning.
And if anyone tries to come back and say they've got more friends who went to iPad than my friends who went to Android, well, you're wrong. It's an impossibility. I have more friends who went from iPad to Android thay anyone on this whole entire planet. So there. My friends count wins. Android wins. Apple loses. Apple is for losers.
I'm surprised Apple's market share lead has lasted so long. What we're now seeing is to be expected. When you're at the top, there's only one way you can go.
What's disappointing with Apple is their repeated failure to 'excite' the media with their recent offerings. There has been nothing 'revolution'. It's all been 'evolution'. And the media, quite rightly, thinks that pants.
For all his personal failings, Steve Jobs was a leader who instilled unquestionable faith in his followers by delivering again and again. He was a tough act to follow and the current board look amateur in comparison.
Apple has peaked. Unquestionably.
..is an inferior design to the mezoskeleton. It'll either fail or succeed.
The Jeeny he out of the bottul. Fucks to MPAA.
As a friend said to me...
...he'll stop buying pirated DVDs the day Hollywood can't afford to pay Tom Cruise, Brad Pitt, et. al. all the $$$$$$$$$ they do. Until then, he'll continue to opt for the cheaper version.
5C is safe
thieves will go after mobes with a ready re-sale value. Given that 50% of the population is female, that means the iPhone will always be their target of choice. 5S is more feminine than 5C so thieves want that one.
Scotland's out of the question because the natives still eat people
That's not right. The Scots don't do anything except spend their benefit cheques on Tennent's Super. Their two "greatest" financial institutions - RBS and Bank of Scotland - had to be bailed out by the taxpayer. Just like their economy every year. And they still suffer from the delusion they have rights to the UK's North Sea. LOL, have another 6 cans. On the taxpayer (of course).
I love that moniker!
Once I used to genuinely feel embarrassed at its mention, but now I've overcome this feeling and I'm liberated. Yes, it's cringe-worthy. Yes, it's Pants. And yes, it is a term invented by "cool" Westminster media types.
Let Birmingham have their HS2. Keep the 'Silicon Roundabout' in London!
Magic Man Done It
Go Intelligent Design! Whoa! Bring it on!
Lies, damn lies and statistics
"profits of $5.24bn (up 17 per cent year on year) and earnings per share of $0.63 on record first-quarter revenues of $18.53bn (up 16 per cent)...Nothing could please investors more, and Microsoft's shares climbed more than 5.6 per cent during after-hours trading on the news".
Now, taking a look at the MSFT share price performance (what investors care about).
Year to date returns:
MSFT = +3.14%
S&P500 = +4.08%
So there you have it. An investor would have done better by just investing in an Index fund.
One for Eadon...MSFT FAIL!
I'd expect HTC is doing the same thing.
Icahn lets himself down
"if the company decided to borrow the full $150 billion at a 3 per cent interest rate to commence a tender at $525 per share, the result would be an immediate 33 per cent boost to earnings per share, translating into a 33 per cent increase in the value of the shares."
Yes, there would be an immediate 33 per cent boost to EPS, but I doubt if this translates into a 33 per cent increase in the value of the shares. For the reasons I have outlined above, the share price will actually fall. Just like any share does when it goes ex-div.
Icahn is simply perpetuating a well known myth in financial markets called 'EPS Bootstrapping'. Again, emprical studies have shown, ad nauseum, that investors are not fooled by such 'spectacular' EPS growth from one-off financial conjuring.
It's a shame he's done this because is overall message (paying out the excess cash will increase shareholder value) is bang on with the empirical evidence. Making yourself look stupid by resorting to a disproven and totally ineffective Jedi Mind Trick, does his cause no "favors" (sic.).
His point is: they could be more valuable.
See my previous post for an explanation as to how.
What he's saying is: Apple, you're in the computing business, not the investment business. You have (had?) a fantastic track record in the computing business and earned returns over and above those of your competitors. But not so for your investments. You have not shown an ability to invest excess cash and earn risk-adjusted returns that are superior to those of the professional fund management industry. You do not even have a Board member who has such a track record. Therefore, give the shareholders the excess cash so they can invest it for themselves. You are not doing them any favors (sic.) by denying them ability to do it while at the same time earning them a non-superior return.
Using your cash to buy back your shares already sends a bad signal to the investors
No it doesn't. On the contrary, numerous empirical studies have shown that share buy-backs increase shareholder value. Look through the 1970s and 1980s editions of the Financial Analysts Journal, the Journal of Finance and others if you don't believe me.
This is because cash on deposit earns an interest rate lower than the rate of return the company is getting from its core business. Therefore, the weighted return being earned is being suppressed by the low interest rate on the cash. Shareholders can deposit cash themselves so they don't pay management a premium to do it on their behalf. Instead, the share price is depressed because of the lower than otherwise weighted return. Return that cash to the shareholders and two things happen:
1. the share price drops (because the cash-backed portion of the share price has just been returned to the shareholders); and
2. the share price increases (because future 'weighted returns' will be higher);
These two movements happen at the same time. The observed result is that the share price falls by less than the amount of cash that's been returned, ie. the shareholder is better off: his portfolio of shares+cash is now worth more even though the share price has 'fallen'.
So why hasn't Apple done this already? Because of US Tax laws. US companies with highly profitable foreign subsidiaries in tax jurisdictions that have a lower tax rate than the US, eg. Ireland, find it next to impossible to repatriate that cash back to the US without paying to the IRS, the difference between the two tax rates. Paying taxes reduces shareholder value. The pre-tax profits a company earns get split 3 ways : tax payments to the IRS, interest payments to any bond holders and then whatever is left goes to the shareholders (either as a cash dividend or retained in the company to be paid out later). The more tax the company pays, the less available to the shareholders. This problem has always been there for Apple. It's just that shareholders are now beginning to take more notice of it because the outlook for Apple is not as rosy as it was when Steve Jobs was around. While Steve was there, shareholders didn't care too much about the repatriation issue, because Apple was so profitable and looked as though it was going to continue to make stellar profits for its shareholders. Now that he's gone, everyone is beginning to question the future 'stellar' profitability of Apple. People are looking around for more value and the repatriation of foreign profits issue has taken on greater importance.
That's why shareholders want Apple to find ways of repatriating the cash without paying any more taxes.
Re: So you want a Dom Joly iPhone?
Like those people you see holding up their tablets to take a picture. LOL. The sad bastards.
"Apple now has a potent stick with which to beat Samsung through the courts."
The last time I looked, it was the Legislature and Judiciary that make the laws, not the USPTO. This latest "win" [sic.] by Apple is pointless. With widely held concerns over the company's overall direction (or lack thereof) , they should be focusing more on the future rather than dwelling on past glories.
"Third parties may provide ongoing support for their applications, but it’s important to recognize that support will not address fixes and security patches in the core Windows kernel so new vulnerabilities can still be exploited even though applications might be updated," Microsoft told El Reg in an emailed statement.
After 12 years they've still got bugs in the kernel? Not only that, but they try and use it as an argument against their biggest competitor. Weird.
Re: Focal is a great capera app
Did the the Linux kernel developers get pissed at CM going commercial? I don't think so. Did the BSD devs get pissed with OSX? Again, no. The answer is in the licensing. If a dev is going to release their code under the wrong license then that's their fault.
Kiss and tell tramp
He's not around to defend himself against her allegations, the cheap tart.
These are not the droids you're looking for.
BB is not failing? You don't have to be a rocket scientist to know that BB is a dying platform.
People are just ignorant
He doesn't live in the UK. He doesn't use any UK public services. Why the fuck should he pay UK tax on his non-UK source income?
This whole tax avoidance "debate" has been hijacked by the ignorant and uninformed.
Re: Doing things right
Its vapourware. Im reserving judgement until it exists.
Re: "Ms Dyson. Ha! Ha! I wonder if she invented the hoover. Ha! Ha!"
Yes, I did find myself laughing at that one - AT THE IMPOSSIBILITY OF IT!
A Dyson can never be a Hoover, in the same way that a Ford can never be a Toyota.
Ford and Toyota are brands of automobile.
Dyson and Hoover are brands of vacuum cleaner.
Oh the impossiblity! Ha Ha!.
- World's OLDEST human DNA found in leg bone – but that's not the only boning going on...
- Lightning strikes USB bosses: Next-gen jacks will be REVERSIBLE
- Pics Brit inventors' GRAVITY POWERED LIGHT ships out after just 1 year
- Beijing leans on Microsoft to maintain Windows XP support
- Storagebod Oh no, RBS has gone titsup again... but is it JUST BAD LUCK?