AMD and Oil Money - Finally sustainability for the Princes…maybe
November 22, 2008
We’re all aware that AMD is planning to spin off into separate companies in order to reduce debt and increase their growth option. But where do these large sums of money magically come from?
Oil baby, Abu Dhabi oil! In these trying economic times who else has the resources to fund a potentially dead and extremely expensive (operating, R&D, Fabs) company. Consider that in recent quarterly releases the most profitable companies were all oil based. Exxon, Shell, etc… To help put this in perspective, take a look at this:
“Exxon’s $40.6 billion profit in 2007 is roughly equal to receiving “$30 for every person in China and $132 for every U.S. resident.” Another way of looking at it is that Exxon made $77,245 per minute in 2007—that’s more money generated per minute than 70 percent of Americans earned all year, according to the Census Bureau.
Shell also had a record breaking year. Its $31.3 billion 2007 profit set a new company record, and was 23 percent higher than its $25.4 billion profit in 2006.” — American Progress
So, what’s in it for the Abu Dhabi Government…long-term sustainability! You didn’t think that the princes of the middle east were just going to role over and die once the oil dried up did you?
Google’s iPhone Speech Recognition App
November 16, 2008
Google has developed an app for iPhone which gives advanced speech recognition. The app is able to answer location related questions (For Example - “Where’s the nearest Tim Horton’s?” or “How tall is CN Tower?”). It can also give directions, and answer generic questions.
“The thing works by recording the soundbite, uploading to Google’s servers which will crunch the data and return an answer “within seconds on a fast wireless network”.
Google being Google, will be releasing this as a free App for all iPhone users. Oh Google, you spoil us you know…much love big G.
Look for it on November 17th 2008.
Woopra Analytics - Full review
November 13, 2008
Intowit.com is the lucky recipient of a Woopra Beta Invite. We will be releasing a full review of the fancy new analytics program shortly.
Nvidia’s 4GB Quadro FX 5800 - World’s First
November 13, 2008
“The size and complexity of data is growing at an exponential rate. The challenge for today’s professional is to make sense of the mountain of data by distilling it into a form they can comprehend, analyze and use to make impactful decisions,” said Jeff Brown, general manager, Professional Solutions, NVIDIA.
The NVIDIA Quadro FX 5800 graphics will be priced at $3,499 via the company’s channel partners, which will include PNY Technologies, Elsa and Leadtek.
Specification:
• 240 CUDA Parallel Processor Cores
• 4GB Memory Size
• 102GB/s Memory Bandwidth
• 1 DisplayPort
• 189W Maximum Power Consumption
Business Terms Explained - The Real Meaning
November 13, 2008
These days we hear the following terms thrown around like they’re going out of style. The real question, what do they “really” mean?
CEO –Chief Embezzlement Officer.
CFO– Corporate Fraud Officer.
BULL MARKET — A random market movement causing an investor to mistake himself for a financial genius.
BEAR MARKET — A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex.
VALUE INVESTING — The art of buying low and selling lower.
P/E RATIO — The percentage of investors wetting their pants as the market keeps crashing.
BROKER — What my broker has made me.
STANDARD & POOR — Your life in a nutshell.
STOCK ANALYST — Idiot who just downgraded your stock.
STOCK SPLIT — When your ex-wife and her lawyer split your assets equally between themselves.
FINANCIAL PLANNER — A guy whose phone has been disconnected.
MARKET CORRECTION — The day after you buy stocks.
CASH FLOW — The movement your money makes as it disappears down the toilet.
YAHOO — What you yell after selling it to some poor sucker for $240 per share.
WINDOWS — What you jump out of when you’re the sucker who bought Yahoo @ $240 per share.
INSTITUTIONAL INVESTOR — Past year investor who’s now locked up in a nuthouse.
PROFIT — An archaic word no longer in use.
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