Slashdot is powered by your submissions, so send in your scoop

 



Forgot your password?
typodupeerror
×

Comment Re:Comparable? Not really. (Score 1) 126

Yeah, there's long term downside risk to the stock as a straight financial instrument (along with significant historical upside), but you know what? I don't really feel the need to destroy things just because that's they path to my highest ROI over time.

Which leads the question, how do we force management to stop aiming at short-term decisions that destroy companies/greater profits over the longer period?

My personal suggestion? Keep investors away from decisions impacting the day to day operations of the company. One good way of accomplishing this is having two classes of stock, voting and non-voting, and keeping the voting stock in the hands of people who care about the long term interests of the company. :)

Comment How much? (Score 1) 77

For a flight that doesn't reach orbit and stay there with the environment in 0G for at least a few orbits, I wouldn't pay anything. Heck, I won't pay a commercial airline to fly because the ratio of inconvenience to convenience+enjoyment is too high between the (id|patr)iot act's enforced paranoia and the seating designed by one-legged, one-armed engineers. Now an oceangoing cruise liner, that's something else again. I loves me a nice cruise. It's even worth going first class, which it definitely isn't in a commercial airliner.

However, for a flight that *does* go to orbit and stays a few turns, and doesn't require a spacesuit, and for which I could have a very private cubby with a view for two for the orbital duration, I might part with as much as five thousand for two seats, just for those few hours. They'd have to let me take my camera, though.

Which means I'm not going to get to go. :) Unless they build a space elevator or several in my lifetime. And apparently the materials science there is either too difficult, or nearly so. Oh well. There's always Firefly reruns.

Comment The problem is the Windows 98 SP2 effect. (Score 2) 504

Apple devices "degrade" with OS updates in the same way that Windows updates do on PCs, gradually. But even after an Apple starts no being upgradeable to the latest OS release, it stays useful for years to come. My mother is still using my hand-me-down 2002 desk-lamp iMac, which has the old PowerPC processor.

The problem is the Windows 98 SP2 effect.

The last service pack supporting Windows 98 turned it from a usable system into utter buggy crashing heap of crap, at coincidentally the same time they started trying to sell you Windows XP.

Note that generally I don't think this is an intention destruction of usability on the part of Microsoft (or Apple), I just think that all their testing takes place on newer hardware, better than what the user is actually using, and so the usability test engineers just never see how terrible it's going to be on (nominally) supported older devices.

Comment Re:Comparable? Not really. (Score 1) 126

When someone buys a share in Apple, they actually get an ownership share in Apple.

Apple, yes. Google or Facebook, no. Google and Facebook have two classes of stock. The class with all the voting rights is in both cases controlled by the founders. The publicly traded shares cannot outvote them, even if someone bought all of them.

Until recently, multiple classes of stock were prohibited for NYSE-listed companies, which tended to discourage doing this. (The classic exception was Ford, which has two classes of stock, the voting shares controlled by the Ford family. This predates that NYSE rule.)

This matters when the insiders make a big mistake and the stock starts going down. There's no way to kick them out.

It also matters when someone has built something of value, and then becomes publicly traded, since it keeps the financial vampires from descending on the company and sucking the blood out of it, leaving a husk which dies in 6 months. That's what's currently going on with the OliveGarden proxy fight, where a funds group has acquired a large position in the company, and now wants to spin off the real estate holdings to a separate company (taking about $1B in the $2.5B value portfolio as a one time dividend, and putting in their own sock puppets on the board to short-term pump the stock by changing employee mix, etc.).

The problem with Google and Facebook maintaining one class of stock is ISOs/RSUs. Stock given as incentives to employees, after the vesting period, can be sold on the open market, and if that stock position becomes larger than the founders, then the people who made the decisions that created the large value in the first place are no longer in control, and Gordon Gecko (or Carl Icahn) can come in and do what's best short term for the shareholders, rather than what's best long term for the shareholders, company, employees, and customers.

Who do I trust more to make the best decisions not totally motivated by short term profit, Carl Icahn, or Larry, Sergey, and Eric?

Yeah, there's long term downside risk to the stock as a straight financial instrument (along with significant historical upside), but you know what? I don't really feel the need to destroy things just because that's they path to my highest ROI over time.

For better or worse, I'd rather have the founders, not Wall Street, making the decisions that guide the future of the thing they built.

Comment Re:Place of Business. (Score 4, Insightful) 126

If a US company listed in the US decided to screw its shareholders, it and the board can be held accountable in US courts.

LOL, when has that ever happened

It's happened many times; it's called "malfeasance" or "misconduct", and it's punishable as criminal fraud.

This is why corporate board members these days are all about "fiduciary responsibility", even if they have to club baby seals to death in the shallow waters where they are coated in oil from the Exxon Valdez.

Comment Re:Why I wired Ethernet in most rooms (and no WiFi (Score 1) 287

2- Safety concerns: with baby and/or young children I felt I would rather not add RF generator inside my home. I know we are immersed in RF from everywhere, making some a few meters away is another level. I didn't want to add that. Just in case.

Ham radio operators -- of which I am one -- spend their lives immersed in more RF at various frequencies from kHz to GHz than you can possibly compare to unless you work at a broadcast radio or television station. And hams are one of the oldest demographics in the USA. So many 80 and 90 year olds, it's really kind of amusing. RF is not your enemy at wifi router and cellphone levels. Not even close.

I've been pretty much bathed in RF for the last forty years. I'm very healthy other than a few allergies I've had since I was a kid. Of course, I'm active, too -- but if RF at these levels was a problem, I'd *have* a problem by now.

Comment This is why you outsource manufacturing. (Score 1) 408

This is why you outsource manufacturing.

Outsource to a big company like Foxconn or Solectron that has already invested in all the expensive equipment and processes (in both cases, some of it actually paid for by Apple), and have them do your manufacturing for you.

The incremental cost ends up pretty tiny, relative to COGS, and you get a better finished product at only a fractionally higher cost than if you were stupid enough to do your own manufacturing. The argument in the article only holds up if you are stupidly building the widgets yourself.

Comment "How do you explain..." (Score 1) 408

"How do you explain..."

I don't really follow Microsoft acquisitions enough to speculate on their reasoning, but the Facebook reasoning was pretty obviously that the WhatsApp company cost (predominantly non-US) telephone companies $19B in per-SMS charged revenue over a period of 2 years, and it therefore gave Facebook some incredible leverage with those phone companies to make the purchase in such a way that a small group of phone companies couldn't drive WhatsApp out of business by increasing data costs to compensate (which would hurt Facebook.

Comment Re:The little guy. (Score 1) 191

I guess it would benefit all the buyers if they don't push up the price too much then again if the price is seen as low / in a way there one would had wanted more I guess one may want to pay more (then again it's ok getting less stock which you think you can do say 20% return on than twice as many but which you can only do 10% on ..)

Then again at least when it comes to purchasing lots of stocks many institutions are ok with paying a premium over the regular price to get what they want and hence paying "too much" relative the regular market price.

I don't know whatever the price normally end up being lower or higher than what the stocks will trade for later on.

I also think it differ how it's done. I don't know for sure but it may be the case that here (Sweden) it may be more common to give rights to purchase the new stocks for the old stock holders whereas say in the US it may be more common to look for institutional purchasers of them.

Both methods exist at least. There's also the possibility of just offering shares for a fixed price and then people can sign themselves up for interest and then have a lottery or give them the stocks they could get out from the ones one wanted to create.

Comment Given the relative percentages... (Score 1) 460

Given the relative percentages... it's likely that the "harassment escalating to assault" numbers for the men is underreported by a factor of 2.5, which would be about on a par with the underreporting of men being raped in the general population. There's a real cultural stigma to reporting by men, who are, by stereotype and therefore societal norms, "supposed to be" on the other end of the power equation.

Comment They've already screwed the pooch. (Score 2, Informative) 270

They've already screwed the pooch.

They've published the source archive under the original TrueCrypt license. As a result, unless there's a legal entity (person or company) to which all contributors make an assignment of rights, or they keep the commit rights down to a "select group" that has agreed already to relicense the code, they will not be able to later release the code under an alternate license, since all contributions will be derivative works and subject to the TrueCrypt license (as the TrueCrypt license still in the source tree makes clear).

The way you do these things is: sanitize, relicense, THEN announce. Anyone who wants to contribute as a result of the announcement can't, without addressing the relicensing issue without having already picked a new license.

Comment Re:Not answered in review (Score 1) 216

Ah. You're talking about an unsupported, undocumented trick that appears to be an exploit of a bug. Have you thought about the potential consequences when/if Apple writes this functionality out of the system?

So, no, this won't do.

Comment Re:Not answered in review (Score 1) 216

Under IOS, apps aren't kept in an ordered system collection the way they are in Android. If they're on the device at all, they're somewhere on a page or within a folder, either where you put them, or where the system put them (always on a page) if you have not interfered. And finding them, if you don't know where they are, is a matter of typing the name into the search.

But -- just like Android -- you can have a lot of pages, a lot of folders, and you may or may not remember where a particular app or shortcut is located in your own personal folder/page setup. But then there is IOS search, which can find anything.

Under either OS, if you can't remember where they are, and you can't remember the name, it's down to looking around until you find them.

One of the arguments for folder organization is that if you even know the type of app it is -- for instance, if it is a photography app -- then if you're consistent at install time, you can look just in there, and it will be there, leaving you a lot fewer apps to check through until you find it.

But IOS has low limits on how many apps can be in a folder, and it doesn't allow subfolders, which seriously impacts how well you can really use them for that kind of organization. In my case, IOS's folder paradigm is insufficient to my needs. Android isn't significantly better, either.

Slashdot Top Deals

This restaurant was advertising breakfast any time. So I ordered french toast in the renaissance. - Steven Wright, comedian

Working...