Naturally the big banks win, that's the nature of underwriting a low risk, fabulously popular IPO - it's easy money. The problem is they they either get accused of failing (new) shareholders if the IPO price is too high and drops, or accused of favouring their own high-value clients if the IPO price is too low and rises. In the public's eyes, it's all the underwriters' fault.

Nobody likes the big banks and their tactics, but given the cash grab that is an IPO (and especially looking at the last-minute changes in FB's valuation), you have to remember that FB are playing their investors as much as the banks, only FB ended up with most of the cash.

It's funny that when an IPO is priced too low, everyone first complains that it's the merchant banks doing favours for their already-wealthy customers (who naturally got the biggest IPO packages). Early investors (pre-IPO) may complain about the company failing to fully monetise. Then, when the founders take flight after selling their own shares at great profit, shareholders complain about deals done for management at the expense of the company's future.

Conversely, when an IPO is priced too high, everyone criticises the merchant banks, who have obviously lined their own pockets with a percentage of funds raised, although most of the money actually goes to the company that was looking for funds in the first place. This should be in the company's (and thus the shareholders') long-term interests - but who cares about that in these days of 2-4 year executive tenure with share options?!

Of course there should be accuracy in pricing an IPO, but who has ever fairly valued some of the crazy-assed business models of internet businesses over the last 20 years, and social media more recently..? For the life of the commercial Internet it's been 10% maths and 90% hype, and likely to remain so.

How long can a troll go?

It's a prank, and Slashdot went for it faster than a bull charging at a red rag.

Find a single-word anagram for "Shalmendo". Or to really spell it out, find a two-word anagram for "Shalmendo Ice-Yurt".

This suddenly looks like a stoopid school prank. Has anyone else thought of anagrams?

Ref: anagram solver

Yep. Hilarious.

Which is just the way we like it.

We (USA, Europe, Australia, ...) currently live in a world-wide capitalist cycle, where those owning the means for production (China holds the baton now) set the rules, and where we've had generations of training to buy newer and cheaper, and the environmental cost has never been at issue. Perhaps China knows this better than anyone else, since they've ironically destroyed the solar manufacturing industry in the USA with US government grants, and without actually improving the technology. Refer Solyndra, among others.

While price remains the issue, there's no incentive for the purchaser to be environmental - be it a person, a company, or a nation.

China is going to be a bigger polluter than the USA? If global warming is a genuine problem for you, don't buy "Made in China". Don't buy a new iPhone, or a Philips CFL, or a pair of Levis 501s, or any paperback novels. Educate yourself and others; support local industry, local employment, and keep your money out of China. Despite what Fox screams, it's both patriotic and good for the planet!

It sticks it to those undercutting, polluting capitalists in China, who don't care about global warming. It also sticks it to those flag-waving patriots who outsource all responsibility (industry, jobs, knowledge, pollution, etc..) and keep the profits for no good cause... Yep, those evil Global Corporations.

But no, we keep buying room fans for $10 because they're a bargain, and new iPhones because they rock.

So governments charge local industry for greenhouse emissions, and landfill tariffs, and recycling fees, without changing consumer buying habits... Then everyone shakes their heads as local industry vanishes, but everyone buys Made in China because it's cheap.

So what matters to you? Do you really know enough about global warming to act differently to nearly every one of your compatriots? Or are you a sheep, cowed (heh) by generations of subservience to price?

Even if these kids get press coverage, nothing will change until we all learn how to pass up a bargain.

Most of my hardware is someone else's old hardware... usually corporate hand-me-downs... err, ex-lease. Auctions rock!

My employer keeps buying me the new toys, but my personal data centre is 2nd-hand everything. Thin clients are a fave - a bit of extra RAM and a USB stick becomes a firewall, VoIP PABX, or silent lounge PC. Even the rack is approaching 20 years old, from a corporate donor.

Old hard drives aren't worth keeping. Gigs-per-Watt heads North each year or so, so the oldest ones get a drill through them, then off to the recyclers.

Apple could own fusion in its entirety, and license the technology back to the rest of the world? Try explaining that sort of strategy at a shareholder meeting!

I refer you to that well-known product from Good Ol' Boys Systems: The Tenne-C programming language.

Tenne-C

If it's secure, it's traceable, otherwise you can duplicate it.

Hard currency is secure because it's hard to duplicate, not because it's traceable. Everyone seems to ignore the fact that every cash note has a unique serial number on it, and the technology exists to scan and record each note and who it went to.

Of course, nobody goes to this effort because it's only useful if everyone's doing it, or it's centrally managed. But how do I know that the ATM is not recording each serial number against my card? And really, what's stopping any other major cash handler from simply recording cash note serial numbers against transactions - y'know, in case someone comes asking questions later...

Once you've got the tracking thing working it doesn't matter if you're using hard cash, or virtual coin. It's all traceable.