Comment Re:Compensation delays? Hardly. (Score 2) 67
Comment Re:Businessese Bingo (Score 3, Informative) 40
We all know that there is a reason ASICs have always been used for TCP/IP processing and not x86 procs. Up until about a year ago that fact still held true. That was until Intel developed a cool little piece of code called DPDK. Seriously, look into it if you want to know why x86 might actually be OK for simple L3/4 IP/TCP tasks such as routing/firewall/vpn etc. I know that today you can push 40gbps line speed L3 operations on COTS hardware on a single proc (8 cores) in a server. To buy a router today that can do the same will cost you around $25 - $30k. Switching operations that still require low latency and high port density will still need to be done on dedicated switches, but anything requiring brute horsepower for L3 forwarding at high throughput (not the same as latency) will be able to be done in virtual appliances now.
While we are still a few years away from mass market enterprise virtual router/firewall parity to hardware, we will make it there. The is a boatload of money to be made any time there is a huge market disruption. There are only three companies that don't want this kind of disruption, namely Cisco, Juniper, and Huawei. Every other networking vendor is watering at the mouth at the very thought that they could steal money and market share from those three. There are huge amounts of money and talent working on this (Intel, VMWare, Red Hat, HP, Brocade, and many more). I know for a fact that Intel is going to invest massively in networking over the next few years. Sit tight and watch John Chambers writhe in his comfy leather chair. It's gonna be fun watching that company go the way of Blackberry.
Comment Re:So they eliminated their debt with a fire? (Score 3, Insightful) 463
Obviously you don't know squat about my country's economy or the facts which led to this. Argentinian justice department was investigating a massive fraud commited mostly by US based companies sucha as Monsanto and Shell, and several international baks were impled in the maneuver, the HSBC to name one. This fire looks more a way to cover up for that fraud. If you'd like to exercise your memory, I recommend you to take a [url=http://en.wikipedia.org/wiki/Iron_Mountain_Incorporate]trip down Wikipedia lane[/url]. Iron Mountain has a long history of destroying their own facilites to safeguard their customer's data from Justice investigations.
Shell is European. Yes they probably committed fraud in one form or another. Unfortunately, it is the fraud of your elected officials that is to blame for your overall problems right now in regards to your economy tanking. In classic political fashion they are blaming some foreign entity for your problems (all countries suffer from this sort of scapegoat shaming, not just Argentina).
Comment Re:So they eliminated their debt with a fire? (Score 5, Insightful) 463
- Starting with Nestor Kirchner (Christina Kirchner's husband), there were a ton of social programs started that basically bankrupted the already bankrupt country
- In order to keep funding said programs, Argentina decides it doesn't want to pay it's foreign debts anymore, especially to the US. Argentina claimed that they had already paid back well beyond the original loan amounts. Simply put, they didn't like the terms of the loans and decided to threaten defaulting. The IMF threatened to put them on credit blacklist which drove their borrowing interest rates up even higher. In the end they restructured their debt, but like all spending problems, it is never the math that causes massive debt, but behavior.
- Fast forward to about a year or two ago. Christina Kirchner keeps spending on social programs with no way to pay for them and is facing massive devaluation of the Argentine Peso. Investors and individuals start buying up dollars and euros before the peso collapses. Kirchner bans the exchange of foreign currencies in Argentina.
-Fast foward to a couple of weeks ago. Argentine economists fear a massive bubble is building over the artificially propped up peso and convince Kirchner and politicians to open up foreign exchanges before the bubble gets so big that its collapse will crater the country like it did in 2001. You can read more about that incident's culmination here: http://en.wikipedia.org/wiki/D...
- As a result of foreign exchanges opening up the bubble pops and the peso loses 15% of its value in less than 12 hours.
-Foreign companies that operate in dollars or euros have to raise prices. Commodities tied to dollars or euros are always the first to rise. Oil is probably the most exposed to this as all Oil selling countries have to sell Oil in dollars.
-After a week of rapid inflation, Shell raises it's prices, and...drumroll...SO DO ALL OTHER GAS STATIONS TIED TO IMPORTED OIL.
It bothers me that people are always so quick to crucify companies (in this case oil companies) just because it is the popular thing to do. Those dirtbag Politicians in Argentina are no different than the dirtbag politicians we have here in the US. Their arguments consist of blaming anyone but themselves for domestic policy disasters. Just like Bush blamed Terrorists, Obama blamed Bush, and whoever comes next will blame Obama. Down there, they just say "Those damned European/American money grubbing corporations are doing this to us!" Sadly, like here in the US, the people there buy it hook line and sinker.
Sources - Reading the news, living in Argentina for a few years (2003 - 2005), and having a basic understanding of macro economics and currency valuations.