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I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891 -
.Attached FilesI came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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It's just an argument that pops up regularly, in one guise or another. It's just not logically consistent.Originally posted by DanS
Who was arguing that?DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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Cisco was vastly overvalued during the 00 bubble based on its P/E (~200, today it's ~20), Goog is not. Its valuation at $500 is relatively conservative given the 06 earnings estimates. My point is that I think BIG competitors will cut into the 2007 earnings.We need seperate human-only games for MP/PBEM that dont include the over-simplifications required to have a good AI
If any man be thirsty, let him come unto me and drink. Vampire 7:37
Just one old soldiers opinion. E Tenebris Lux. Pax quaeritur bello.Comment
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Cisco was just an example. That's why there's a "Point being?" in the second paragraph.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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Your point was correct in that well-run profitable companies can be overvalued on the market. Goog is not one of them though.We need seperate human-only games for MP/PBEM that dont include the over-simplifications required to have a good AI
If any man be thirsty, let him come unto me and drink. Vampire 7:37
Just one old soldiers opinion. E Tenebris Lux. Pax quaeritur bello.Comment
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I think you're looking at the wrong competitor, SpencerH. MSFT is big and profitable, but it still sees itself as a software company and acts accordingly (even its console is meant merely as a means to sell software). GOOG is more clearly an advertising technology company that owns a huge supercomputer to do cool stuff and employs tons of smart computer scientists.
As discussed earlier in the thread, interestingly, the advertising business is huge compared to the software business.
Personally, I think GOOG is overvalued, but for different reasons. My NPV for GOOG would have to use imaginative assumptions in order for $470 to make sense. And since I'm not an analyst, I don't have to retrofit reasons to fit stock prices...Last edited by DanS; January 9, 2006, 10:51.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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MSFT was a software company but Gates and Balmer are too good to sit back and let MSFT wallow in its piles of cash. One only has to look at the commitment to the XBOX to know that MSFT is expanding from its previous paradigm. Gates has wanted to be the major internet player for some while. Goog just came along at the right time with a good idea and beat him to the punch (as did netscape). The problem then for Goog is that its in the way of his grand design (for us all).
I think the problem with Goog's valuation is that it's based on forward-looking profits. Right now it's P/E is over 100. That's simply too high for me to bet on. OTOH I still own shares in one company with no profits and made 40% in 3 weeks on another company with no profits.We need seperate human-only games for MP/PBEM that dont include the over-simplifications required to have a good AI
If any man be thirsty, let him come unto me and drink. Vampire 7:37
Just one old soldiers opinion. E Tenebris Lux. Pax quaeritur bello.Comment
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Dude, that's exactly what they've been doing for at least 5 years.MSFT was a software company but Gates and Balmer are too good to sit back and let MSFT wallow in its piles of cash.
I haven't seen Gates build up any internet properties. He even managed to decrease the profile of Hotmail after buying it, and lost lots of business to Yahoo! Mail and Gmail. He's nowhere in search.Gates has wanted to be the major internet player for some while.
If he has some grand plan, he's being particularly ineffective at executing.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Btw, the Google video store launched today. It lives up to its beta tag.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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I take it you are aware of how much the XBOX launch has cost. The fact is that MSFT is a cash-generating machine. Despite all they spend, they still make more.Originally posted by DanS
Dude, that's exactly what they've been doing for at least 5 years.
I think the answer is that MSFT has to walk a fine line so as not to be accused of abusing its monopoly power. They have $37B in cash! They could buy and or control virtually any company they wished to, but I agree that their long term plans are unclear.I haven't seen Gates build up any internet properties. He even managed to decrease the profile of Hotmail after buying it, and lost lots of business to Yahoo! Mail and Gmail. He's nowhere in search.
If he has some grand plan, he's being particularly ineffective at executing.We need seperate human-only games for MP/PBEM that dont include the over-simplifications required to have a good AI
If any man be thirsty, let him come unto me and drink. Vampire 7:37
Just one old soldiers opinion. E Tenebris Lux. Pax quaeritur bello.Comment
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The XBox launch hasn't cost MSFT much in the scheme of things and doesn't appear to drive MSFT's overall strategy. I agree that this is a partial function of the fact that several hundred million gets lost in the stream of over a billion in profit a month.Originally posted by SpencerH
I take it you are aware of how much the XBOX launch has cost. The fact is that MSFT is a cash-generating machine. Despite all they spend, they still make more.
Personally, I think MSFT could have done a lot better with the XBox 360 release than they did. All that cash is lying around, so why didn't they use more of it to help build MSFT's internet business through the box?Last edited by DanS; January 10, 2006, 12:23.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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I've been looking through the Google Video store and am rather disappointed so far. The quality of the video is poor. I figured that Google would press its cost advantage on infrastructure by offering high quality video on demand that Apple, Yahoo! and Microsoft couldn't match without breaking their banks.
I realize that high definition video requires probably about 15x the bandwidth of what Google is currently offering. But many of the shows being offered for sale on Google Video are originally broadcast in high definition: NBA games, CSI, HDNet, etc.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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with XBox Live, MS dominates the internet market of consolsOriginally posted by DanS
The XBox launch hasn't cost MSFT much in the scheme of things and doesn't appear to drive MSFT's overall strategy. I agree that this is a partial function of the fact that several hundred million gets lost in the stream of over a billion in profit a month.
Personally, I think MSFT could have done a lot better with the XBox 360 release than they did. All that cash is lying around, so why didn't they use more of it to help build MSFT's internet business through the box?
considering how many people buy consols, this could be big
(Sony has nothing I have seen in comparison)
could they do more? yes, and probably they should
but right now they are the biggest player in consol internet
JMJon Miller-
I AM.CANADIAN
GENERATION 35: The first time you see this, copy it into your sig on any forum and add 1 to the generation. Social experiment.Comment
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The internet market of consoles is small -- indeed artificially constrained by MSFT -- and of course MSFT dominates it.
People buy MSFT's console and then have to pay money for Live. Why are they charging people, when the game is to get as many people as possible to use Live so that you can advertise to them?
Why doesn't MSFT have all of its internet stuff already on their console? It's merely a function of them spending some of their mountain of cash sometime in the past to recompile all of it. But they didn't.
Why is MSFT charging extra for a keyboard, when the game is to enable as many people as possible to use Live search so that you can advertise to them?
Why is MSFT charging extra for hard disk space, when the game is to enable as many people as possible to download content from Live to their console so that you can advertise to them?
MSFT has the "let's charge for extra storage on Hotmail" attitude. What a bunch of (very rich) retards!Last edited by DanS; January 12, 2006, 14:07.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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