They made 1000x that in profit last quarter. They have $50 billion in the bank. $4.5 million is rounding error to Apple.
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The solution he has in mind are regional conferences devoted to specific topics. He's going to be speaking at the NJ-based PICC'11, but even long-running events like PAX started as a small conference meant to build community.
Having a small group of organizers dedicated to building a local community seems to be more economical for everyone involved, and leads to events where everyone can take a bigger part in the process."
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This also means that it's the 10th anniversary of my first major investment: Putting a small wad of money in a tech-heavy mutual fund. Reader, it is I who precipitated the dot-com collapse, by my first foray into the market. Sorry about that.
Novell's basically had $1B cash for over a decade now, and through several acquisitions (SUSE, Ximian, Platespin, others).
I think $1B for the rest of the company is a low bid. Again, it's worth more in pieces, which I would guess would be the primary interest of the hedge fund. They're not delivering much shareholder value with a bid $1 above the current trading price--the stock has fluctuated that much in the past few months. The letter implies they intend to grow the company, but that wouldn't provide additional shareholder value if the company is privately held, would it?
I have a VERY IMPORTANT meeting on the Moon, and I HAVE to be there by 2020! You can't just postpone flights and expect to stay in business!
Just put in a ton of CREE LR6s in our kitchen/family room renovation. 650 lumens at only 12 watts (a 65W floodlight replacement.) The CRI is 92 with the 2700K bulb. Power factor is > 0.95. Rated at 50,000 hours (and have a 3 year warranty if they die before then) These are great bulbs. They retail for about $100, I was able to get them for $80/per on sale.
TV shows DO NOT work that way!