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It's an original idea of how to part fools from their money... I thought that was the entire purpose of business 
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<Reverend> IRC is just multiplayer notepad.
I like your SNOOPY POSTER! - While you Wait quote. -
QFT.Originally posted by DanS
Why Microsoft believes this to be a good buy is beyond me. If Yang can't maximize Yahoo's value, does anyone believe Ballmer could do better?Comment
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Something over $160bn.Comment
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Well, the number isn't really meaningful since you'd have to speculate future value ... they have an income of $17b last year and concievably $30+b this year, and up in the future; and a ton of infrastructure. Not sure how much debt they have, must be significant, but ...
My off the cuff random estimate would be ~$300b plus or minus $200b.
<Reverend> IRC is just multiplayer notepad.
I like your SNOOPY POSTER! - While you Wait quote.Comment
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That $160bn is their market cap, which is already heavily inflated by speculated future value.Comment
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You and I crossposted, I was referring to 'the number of dollars it would cost to buy them'.
in 12/2006 they had $15b in net assets, by now they probably have $25-30b at least I'd guess ... $300b sounds like a good price, give or take a lot still of course.<Reverend> IRC is just multiplayer notepad.
I like your SNOOPY POSTER! - While you Wait quote.Comment
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You couldn't buy Google without 2 of 3 major shareholders agreeing to it -- they're the ones with the votes. Perhaps they view the company as priceless.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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No, the purpose of business is to help progress and advance the human condition.Originally posted by snoopy369
It's an original idea of how to part fools from their money... I thought that was the entire purpose of business
Fools who buy "iced tea brewers" that are nothing more than coffee brewers, or idiots lacking taste who buy **** like diaper cakes, or buy their ****ing dogs ****ing retarded shirts, need to stop spending their money and just start giving it to the government.
It'll let the rest of us off with less taxes.B♭3Comment
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I am happy to say that I don't know what a diaper cake is.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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Scene. You're at a baby shower, and the combined levels of oestrogen, which normally wouldn't bother you, do, because all of a sudden, people are talking about tiny little midgets that do nothing but drool and **** all day, while making more noise than a whambulance in your eardrum. Desperate for anything to take your mind off of it, you look in the corner, and with the slight fuzz in the atmosphere, you get excited.
It looks like baked goods! Surely, at a party, someone must have brought a cake! Is it chocolate? Red velvet? Lemon? Whatever it is, it must be delicious.
So you walk over, plate in hand, eagerly hoping to stuff your mouth with delicious cake so you don't have to listen to someone else squee over how much this baby is a triumph or a huge success. And then you get there.
You're crestfallen. What do you see? DIAPERS! Not cake.
Son of a *****whore!B♭3Comment
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I agree with you strongly from a personal perspective, but that's not an accurate description of businesses under the American legal definition. In Ford v. Dodge, Henry Ford made that argument and the court rejected it, like the frightened anti-Socialists they were.Originally posted by Q Cubed
No, the purpose of business is to help progress and advance the human condition.
Businesses are, first and foremost, profit-generating entities. Corporations are even more specific - they are required to generate profits for the shareholders, with very limited regard for any other constituency.
Fortunately I'm three weeks into a Corporate Ethics class and it looks like there are subtleties to the whole "profit at any cost" formulation. But profit is still the underlying motive, sad to say.
Edit: The diaper pictures make me happy though.
"lol internet" ~ AAHZComment
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And just like that -- in a single day -- Microsoft loses $20 billion of its market capitalization, leading me to believe that the fair price to pay was about $24.6 billion. Also, it means that the offer price went down by about $1.5 billion.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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It's hardly unusual for the aggressor corporation to lose share value out of proportion to the value of the merger, and likewise it's hardly unusual for the target corporation's share values to jump beyond a reasonable valuation of the corporation's actual worth.
Certainly from the target corporation's shareholder perspective, they can expect to be relieved of their shares reliably in the near future, so the higher the share price under the deal, the more attractive the deal will be for them.
From the aggressor corporation's perspective, the sooner they lock up the deal, the less uncertainty there is in the market. Thus, it's in their interests to finance as generous a takeover package as they can, even if it's paying through the nose at way above the trading price of the target. Of course, if you're a shareholder in the aggressor corporation, you're now practically certain that significant percentages of each dollar you're investing in that corporation is being used for essentially non-concrete purposes, purely to woo shareholders of the target corporation."lol internet" ~ AAHZComment
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Yep. It's a 44 billion dollar admission of fail.Originally posted by DanS
This isn't precisely what Microsoft is doing. Rather, they're creating a loser's club very expensively.
It's kind of shocking that they would be wasting money like this, but Microsoft is a virtual monopoly, so all this money is just coming from the exploitation of Windows and Office users who end up "having" to pay for 3rd rate products.
At least this ought to drive more co-operation between Google and Apple, two companies that actually produce interesting consumer tech.
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at Asher being pwned by Allie C.
Only feebs vote.Comment
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