"So The Pirate Bay has executed the Web 2.0 business plan to perfection: give someone else's stuff away for free - then find a bigger idiot to buy the company."
That is all.
It's going to be 90 degrees in NJ today. It was only 80 in NYC yesterday and I was sweating like a pig.
Some still might associate a negative stigma (redundant?) with filing for bankruptcy. I shop at Eddie Bauer and didn't remember that they were bankrupt in the last decade. Nor did I know they were on shaky ground at the moment, so it hasn't affected my retail behaviour.
A WSJ story today highlights that fact that bankruptcy court may be the best place for a struggling company to get a deal done, especially given the importance of the debt holders in the process and the conflict between the debt and equity holders.
"Mergers-and-acquisitions professionals have lamented that frozen credit markets are stifling big business transactions. But Chapter 11 bankruptcy reorganizations have emerged as the hottest venue for quickly buying, trading and breaking up big-name companies.
Bankruptcy court is "a place where you can't afford not to be," said Jere Thomson, the head of law firm Jones Day's mergers and acquisitions practice in North America, who helped strike Chrysler Group LLC's recent alliance with Fiat SpA."
M&A is healthy most of the time. Keep the market moving.
"German ministers have today agreed to ban the production and distribution of all violent video games, with the law only having to go through parliament in the next few weeks. According to german website Chip Online and supported by Spiegel Online, ministers of the interior of all sixteen German federal states came together for a conference today in Bremerhaven where they agreed to forbid the production and distribution of all video games "where the main part is to realistically play the killing of people or other cruel or unhuman acts of violence against humans or manlike characters.""
The law might not pass, and if it does this way of thinking may not be adopted outside of Germany. The element of it that could go either way revolves around the idea that if 1st person shooter games are made illegal, they might become even more popular.
Watch this space, obviously.
<--- That is a 10-year chart on sneaky bastard Apple. The last couple of years in the stock have echoed what has been going on in the broader market but that run leading up to the turmoil was spectacular.
The Apple Worldwide Developers' conference kicked off yesterday and Apple didn't shock the gadget world with anything breathtakingly new or unexpected on the phone front. Nor did Steve Jobs roll out onto the stage like he never left. Sneaky.
Instead, they moved the existing iPhone down to the $99 price point and intro'd the iPhone S (speed). Faster, more features, better camera. Both moves were exactly what the market needed. Very sneaky indeed.
They did also announce a few updates to the Mac line but the lack of wow there was a little surprising. It's soon going to be time for the next big thing in the Mac portfolio.
The cyclical tech trade (be long it) continues. Texas Instruments took up numbers at its mid quarter update lase night.