Tuesday, May 26, 2009
Saturday, April 18, 2009
Four Guilty on Pirate Bayy Case. 1 yr term.!!
Ths will be a good news for some, Bad for the others(most).
The operators of the Pirate Bay, one of the largest file sharing webiste on the planet with the largest BitTorrent downloads, —Peter Sunde, Gottfrid Svartholm Warg, Fredrik Neij and Carl Lundstrom—have been held for copyright infringement . The news did bring some smiles on the faces of the industry experts but they know that nothing bring down the determeined. They were sentenced to a year in jail and ordered to pay 31 million Swedish kronor ($3.7 million) in damages to artists. But they remanined free and said they would appeal('m trying to make sure against what will they appeal.) In the wake of the verdict on friday, the website worked normally with thousands downloading book, TV shows, movie and of course "X-Men Wolverine" which was leaked even before it could be released(1st May). About the X-men Wolverine, the matter is with FBI and they said that they are investgating.
A pretty Smart and honest(sensible) statement come from a a former chief executive of of music company EMI Group Ltd. "Will [the court decision] on its own act as a deterrent? No," said Eric Nicoli, The former chief executive . "There is no price that can effectively compete with free."
Whatever Will the actions be nothing can stop illegal downloaders. Unless the world governemnets start behaving Like Communinst China and stop accesse to such website "early" and not after they have completed 10 million downloads, such a problem will continue.
But still many of us want these services to continue isnt it. Yeh, You know what 'm Saying..!!
The operators of the Pirate Bay, one of the largest file sharing webiste on the planet with the largest BitTorrent downloads, —Peter Sunde, Gottfrid Svartholm Warg, Fredrik Neij and Carl Lundstrom—have been held for copyright infringement . The news did bring some smiles on the faces of the industry experts but they know that nothing bring down the determeined. They were sentenced to a year in jail and ordered to pay 31 million Swedish kronor ($3.7 million) in damages to artists. But they remanined free and said they would appeal('m trying to make sure against what will they appeal.) In the wake of the verdict on friday, the website worked normally with thousands downloading book, TV shows, movie and of course "X-Men Wolverine" which was leaked even before it could be released(1st May). About the X-men Wolverine, the matter is with FBI and they said that they are investgating.
A pretty Smart and honest(sensible) statement come from a a former chief executive of of music company EMI Group Ltd. "Will [the court decision] on its own act as a deterrent? No," said Eric Nicoli, The former chief executive . "There is no price that can effectively compete with free."
Whatever Will the actions be nothing can stop illegal downloaders. Unless the world governemnets start behaving Like Communinst China and stop accesse to such website "early" and not after they have completed 10 million downloads, such a problem will continue.
But still many of us want these services to continue isnt it. Yeh, You know what 'm Saying..!!
After Chrysler, its Delta air to end use of Indian Call centres.
The Atlanta based airlines said on friday that it has stopped the usage of Indian call centres for its customers from the first three months of the year. This news surfaces a week after chrysler said the same , that it has stopped usaing Indian based call centres.
Delta as WallStreetJournal says is one another American company that it is ' the latest U.S. company to decide the cost benefits of directing calls offshore are outweighed by the backlash from customers'
No whatever might be understood from this as a show of respect to the customers in the current slowdown or a sincere efort to help its customers. Delta airline merged last year with Northwest to become the largest Airlines in the world and led some gurus crying that this might lead to some kind of monopoly.
Delta as WallStreetJournal says is one another American company that it is ' the latest U.S. company to decide the cost benefits of directing calls offshore are outweighed by the backlash from customers'
No whatever might be understood from this as a show of respect to the customers in the current slowdown or a sincere efort to help its customers. Delta airline merged last year with Northwest to become the largest Airlines in the world and led some gurus crying that this might lead to some kind of monopoly.
Citi, JPMorgan sees green.... smell good times???Not So Early
Citigroup profits for the first time since pandit took up....
Citigroup Inc, once the largest bank in the wold has finally posted profits under the new CE) Pandit for the first time since the last 5 quarters(3 of Pandit). The news comes shortly after JPMorgan announced a profit oon thursday that it earned $2.14 billion for the January-March period. Both the results were recieved by the markets as better than expected. JPMOrgan chief says that the bank sees a brighter hope of repaying the 25$ billion of funding that it got from Uncle Same.
Whereas Last week, Wells Fargo & Co. surprised investors by announcing a record $3 billion quarterly profit. Goldman, meanwhile, on Monday said it earned $1.66 billion during the first three months of the year.
But still visible lights at the end of the tunnel doesn't mean that the tunnel is over. The "Bad Times" are still gone.
Was Going throuh the last edition of Businessworld today and saw some writer(Don't remebr the name) telling that at present some things are going rite, while some are going wong but nothing can be said as yet. We need to watch and wait (the latter for sure.)
Citigroup Inc, once the largest bank in the wold has finally posted profits under the new CE) Pandit for the first time since the last 5 quarters(3 of Pandit). The news comes shortly after JPMorgan announced a profit oon thursday that it earned $2.14 billion for the January-March period. Both the results were recieved by the markets as better than expected. JPMOrgan chief says that the bank sees a brighter hope of repaying the 25$ billion of funding that it got from Uncle Same.
Whereas Last week, Wells Fargo & Co. surprised investors by announcing a record $3 billion quarterly profit. Goldman, meanwhile, on Monday said it earned $1.66 billion during the first three months of the year.
But still visible lights at the end of the tunnel doesn't mean that the tunnel is over. The "Bad Times" are still gone.
Was Going throuh the last edition of Businessworld today and saw some writer(Don't remebr the name) telling that at present some things are going rite, while some are going wong but nothing can be said as yet. We need to watch and wait (the latter for sure.)
Saturday, March 7, 2009
Now Amazon to sell used Games..!!
Amazon now enters the used game market. A move that could threaten the monopoly owner Gamestop.
The Seattle Internet retailer launched a service Thursday in which it will allow customers to trade in used videogames for store credit, taking aim at a key portion of GameStop's business.
Not surprizingly, shares of gamestop plunged 14% the day to $23.46 , down $3.84.
Gamestop has been quite immune to the recession due to its used game selling business which accoounts nearly a 50% of its profits. An entry of a nehemoth like Amoazon might severly damage its numbers which were stronger than expected for the period ended Jan 31.
Used game business now seems to be getting up and many seem to be interested with BestBuy and Toys"r"us als testing the trading of used games.
Gamestop's used games are usually $10 to $5 cheaper than the cost proce of the game. Amazon with its might and power might just get things right at the right time like it did before in the 2000 marketcrash. Many hope that technology should get the world out of the crisis like it did before. the business model is quite powerful and with the consumers turning thinkers and becoming wiser by the day it makes quite a sense for Amazon to enter this segment.
Would you buy a game online for $60 if you are going to get the same at a discount of 20% and the game isnt damages and can be used inthese tough times??
I wouldn't.
Friday, March 6, 2009
Wells Fargo, the financial services company became the latest bank to slash its dividend by 85%.
The campany plans to save $5Bn from this.
At the same time the company also announced that is also plans to cut $2bn in costs.
Even as it cut its dividend, Wells Fargo said in a statement that it turned in "strong operating results" in January and February
Wells Fargo is the 4th largest bank in the US by assets and the second largest bank by market cap.[4] It is the only bank in the United States to be rated AAA by S&P.
Look Whos Back : King of Pop Micheal Jackson.
Yup he's here, Micheal Jackson. The one who made us crazy back then. Remember "Thriller"?
In a bid that can get his finances out of trouble, Jackson has announced a multi million Dollar Deal with AEG on Thursday. His first in 12 long YEARs..!!!
The touring deal with AEG live could be well over $400mn for MJ over a period of three and a half years.
The first phase of the concert will be at London's O2 arena. Depending on the sales there he has the option to extend his dates over three continents.
It's a nostalgic return for one of the greatest entertainers in history who was entangled in sorts of of problems, financially to charges of child molestation.
WSJ says that MJs take from London alone could be worth $30mn to $50mn.
Tickets to the London performances are to go on sale, via an online lottery system at MichaelJacksonLive.com, next Wednesday for £50 ($70) to £75 ($105) each.
Friday, October 24, 2008
October 24!!!(2008,1929)
Oh my gosh..!!!!!
Today is was october 24th and in some parts it is 24th..
October 24th was the day when markets started plunging in 1929, the day eerily called"Black Thursday". The record selling then in Dow jones was triggered by fears of another market crash which led to a record 13mn shares being traded.
Then again there were banks sitting together collecting money and trying to do things that are again trying being done now 'restore confidence', which seems to have no plans to settel quickly.
Today the sensex plunged 1078 points, that is second highest ever.
Things just seemed to get worse.
I'm quite happy that i just had nearly 5 lakh in the stock markets which has now become 1/3 of what i invested. But i just couldn't think how people investing their fortunes into sensex and indian stock markets would be today.
Just dunno how the 2 days coincided , the 24october 1929 and the 24th october 2008 ya fir... iska bhi koi kismat konnection hai...??!!
Today is was october 24th and in some parts it is 24th..
October 24th was the day when markets started plunging in 1929, the day eerily called"Black Thursday". The record selling then in Dow jones was triggered by fears of another market crash which led to a record 13mn shares being traded.
Then again there were banks sitting together collecting money and trying to do things that are again trying being done now 'restore confidence', which seems to have no plans to settel quickly.
Today the sensex plunged 1078 points, that is second highest ever.
Things just seemed to get worse.
I'm quite happy that i just had nearly 5 lakh in the stock markets which has now become 1/3 of what i invested. But i just couldn't think how people investing their fortunes into sensex and indian stock markets would be today.
Just dunno how the 2 days coincided , the 24october 1929 and the 24th october 2008 ya fir... iska bhi koi kismat konnection hai...??!!
Wednesday, October 15, 2008
How talent Indian talent can rule the World
Hello evrybodyI had an extraordinary thought today...!!
I was actually thinking, taking into consideration the number of professionals in India which is very high (28 % of the population is engaged in services and realated industries and 12 % is engaged in industries and that makes it 40 % which is nearly 450 million people of the 1.23 billion population), and many of which are highly creative , If we take the worst scenario that out of these only 10 million are creative enough and each of them start their businesses in any line be it IT, ITes, or even printing and each of their businesses touch million dollars in revenues , the total worth would be $10 trillion (yes, 'm not joking , count the zeroes 10,000,000 X 1,000,000 = 10,000,000,000,000). And if you are thinking that not all are so lucky to get a million in profits , let me tell you that thee are many who quickly touch and 100 million in prfits so adjusting all and averaging it actually is a huge number.
I am quite amazed at the wonders a huge population can do...!Just dont know why the "CREATIVE PROFESSIONAL MANAGERS" dont want to go that extra mile, when they know they are quite smart to handle tough situations or i guess they simply dont know that they can.....
I was actually thinking, taking into consideration the number of professionals in India which is very high (28 % of the population is engaged in services and realated industries and 12 % is engaged in industries and that makes it 40 % which is nearly 450 million people of the 1.23 billion population), and many of which are highly creative , If we take the worst scenario that out of these only 10 million are creative enough and each of them start their businesses in any line be it IT, ITes, or even printing and each of their businesses touch million dollars in revenues , the total worth would be $10 trillion (yes, 'm not joking , count the zeroes 10,000,000 X 1,000,000 = 10,000,000,000,000). And if you are thinking that not all are so lucky to get a million in profits , let me tell you that thee are many who quickly touch and 100 million in prfits so adjusting all and averaging it actually is a huge number.
I am quite amazed at the wonders a huge population can do...!Just dont know why the "CREATIVE PROFESSIONAL MANAGERS" dont want to go that extra mile, when they know they are quite smart to handle tough situations or i guess they simply dont know that they can.....
Sunday, October 12, 2008
Big Three to become Big two [Or Huge one and Big one]
GM and Chrysler reported to be in merger talks
The Two leading giants of the existing three of detroit were reported to be in merger talks, NYT and WSJ reported on their websites.
This comes as the US automakers realise their need for the reconstriction of the already in shit US auto industry with reports last month stating that US buyers no more prefer The "American Muscle cars" i.e the muscle cars, V-8 Powered engines, and the SUVs ofcourse. AFP states that there have been a growing concern in Detroit against the competition from Japanese companies (maily Toyota).
NYT reorts that the possibilities for the merger was 50-50
THE NEW TWIST TO THE STORY:
Before the merger with Chrsyler, Gm wasid to be walking towards a merger with a more fronthead rival Ford Motor company.
NYT reports that 2 guyz with the knowledge of the deal said that- GM approached Ford with a similar deal but Ford scraped it away last month.
Wow it just gets better and better!!
For detailed News
See : New York Times ; Autoweek ; Bloomberg ; Wall street Journal ; Reuters
The Two leading giants of the existing three of detroit were reported to be in merger talks, NYT and WSJ reported on their websites.
This comes as the US automakers realise their need for the reconstriction of the already in shit US auto industry with reports last month stating that US buyers no more prefer The "American Muscle cars" i.e the muscle cars, V-8 Powered engines, and the SUVs ofcourse. AFP states that there have been a growing concern in Detroit against the competition from Japanese companies (maily Toyota).
NYT reorts that the possibilities for the merger was 50-50
THE NEW TWIST TO THE STORY:
Before the merger with Chrsyler, Gm wasid to be walking towards a merger with a more fronthead rival Ford Motor company.
NYT reports that 2 guyz with the knowledge of the deal said that- GM approached Ford with a similar deal but Ford scraped it away last month.
Wow it just gets better and better!!
For detailed News
See : New York Times ; Autoweek ; Bloomberg ; Wall street Journal ; Reuters
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