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Businesses

SEC Calls For Review of Facebook IPO 267

beaverdownunder writes "After losing another 8.9% of its IPO value in its third day of trading, SEC Chairman Mary Schapiro has called for a review of the circumstances surrounding Facebook's IPO on the NASDAQ late last week. Unable to sell Facebook short, investors have instead taken to short-selling funds that owned pre-IPO shares as revelations come out that the underwriters involved revised their Facebook profit forecasts downward in the days before the offering without similarly revising the opening share price. Meanwhile, Thomson Reuters Starmine has come out with a post-party Facebook estimate of a meager 10.8 per cent annual growth rate, valuing the stock at a paltry $US9.59 a share, a 72 per cent discount on its IPO price, signaling that the battered stock may not have found the bottom yet."

Comment It isn't the superficial stuff (Score 1) 315

It isn't about getting ready of the whacky.. It's about getting rid of the stale. Japanese themes don't worry us at all. That's all superficial and as he said the superficial changes (blue eyed, blonde haired characters, Western themes) did bugger all. When it comes to RPGs (as an example genre), Western gamers lap up the open world games such as Morrowind and Oblivion. The Japanese probably love these games as well, but the developers are stuck in the rut of crafting Street Fighter, Tekken and DOA games with the same formula over and over again. Final Fantasy is still basically the same formula as well, with a bit of experimentation to do with class changing now and then. I'm not saying that there aren't plenty of Western developers aren't stuck in the same rut and there are certainly fun, novel games that come out of Japan (like Katamari). Just my $0.05

Submission + - WikiLeaks: CIA says U.S.A an exporter of terrorism (washingtonpost.com)

gauharjk writes: The United States has long been an exporter of terrorism, according to a secret CIA analysis released Wednesday by the Web site WikiLeaks. And if that phenomenon were to become a widely held perception, the analysis said, it could damage relations with foreign allies and dampen their willingness to cooperate in "extrajudicial" activities, such as the rendition and interrogation of terrorism suspects.

That is the conclusion of the three-page classified paper produced in February by the CIA's Red Cell, a think tank set up after the Sept. 11, 2001, attacks by then-CIA Director George J. Tenet to provide "out-of-the-box" analyses on "a full range of analytic issues."

Titled "What If Foreigners See the United States as an 'Exporter of Terrorism'?," the paper cites Pakistani American David Headley, among others, to make its case that the nation is a terrorism exporter. Headley pleaded guilty this year to conducting surveillance in support of the 2008 Lashkar-i-Taiba attacks in Mumbai, which killed more than 160 people. The militant group facilitated his movement between the United States, Pakistan and India, the agency paper said.

Sources:
http://www.wikileaks.com/wiki/CIA_Red_Cell_Memorandum_on_United_States_%22exporting_terrorism%22,_2_Feb_2010
http://www.washingtonpost.com/wp-dyn/content/article/2010/08/25/AR2010082506591_pf.html

Comment Re:Can it wait? (Score 3, Informative) 142

Seriously, though. Reading TFA (I know I know) it is somewhat comforting to know that Bioware dudes are going to be involved. I'd prefer to know if their writers were in on it, though. Hell, Mass Effect blew my mind with its cinematic integrity. Will it get the Hollywood treatment and everything we know and love about it is raped and murdered before our eyes? Yeah, probably. But who knows, 300 and Watchmen were pretty faithful adaptations and maybe we won't have Johnny Fucking Depp or Robert Downey Jr playing Commander Shepard.

Comment Re:KDE4 ruined it for me. (Score 1) 249

I know exactly what you mean when it comes to Amarok. The layout in particular annoyed me. I'd follow instructions to give a similar appearance in Amarok 2, but even with it looking like 1.4, it didn't have the same functionality (clicking a column title to sort, for example). I've been using MPD for awhile now, but recently I stumbled on Clementine which is a fork of Amarok 1.4. It's still very young, but is usable and looking good so far.

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