A 75-year-old woman was recently arrested by the Georgian police after she single-handedly cut off Internet connections in Georgia and neighbouring Armenia.
AFP reports that the pensioner was digging for scrap metal with the intention of stealing it when she stumbled upon a fibre-optic cable which runs through Georgia to Armenia, forcing thousands of Internet users in both countries to lose Internet connection for several hours. Georgian Railway Telecom, the company that owns the cable, said that the latest damage was serious, causing 90 percent of private and corporate Internet users in Armenia to lose access for nearly 12 hours while also hitting Georgian Internet service providers.
“I cannot understand how this lady managed to find and damage the cable. It has robust protection and such incidents are extremely rare,” Giorgi Ionatamishvili, Georgian Railway Telecom’s marketing head, told AFP.
Apparently, this wasn’t the first time it happened. In 2009, another scavenger damaged a fibre-optic cable while hunting for scrap metal in the impoverished ex-Soviet state, forcing many Georgians’ Internet connections to get interrupted.
The woman has been charged with damaging property and could face up to three years in prison if convicted.
A 75-year-old woman was recently arrested by the Georgian police after she single-handedly cut off Internet connections in Georgia and neighbouring Armenia.
AFP reports that the pensioner was digging for scrap metal with the intention of stealing it when she stumbled upon a fibre-optic cable which runs through Georgia to Armenia, forcing thousands of Internet users in both countries to lose Internet connection for several hours. Georgian Railway Telecom, the company that owns the cable, said that the latest damage was serious, causing 90 percent of private and corporate Internet users in Armenia to lose access for nearly 12 hours while also hitting Georgian Internet service providers.
“I cannot understand how this lady managed to find and damage the cable. It has robust protection and such incidents are extremely rare,” Giorgi Ionatamishvili, Georgian Railway Telecom’s marketing head, told AFP.
Apparently, this wasn’t the first time it happened. In 2009, another scavenger damaged a fibre-optic cable while hunting for scrap metal in the impoverished ex-Soviet state, forcing many Georgians’ Internet connections to get interrupted.
The woman has been charged with damaging property and could face up to three years in prison if convicted.
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Sources: Phil Jackson, Los Angeles Lakers fined $75,000 each
Lakers coach Phil Jackson has been fined $75,000 for making unauthorized comments about collective bargaining, sources said Thursday.
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Taptu allows iPad owners to “DJ your <b>news</b>” | VentureBeat
Anthony is a senior editor at VentureBeat, as well as its reporter on media, advertising, and social networks. Before joining ...
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Great <b>news</b>: Working population percentage drops to three-decade <b>...</b>
Great news: Working population percentage drops to three-decade low.
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Apple should see a material dip, on top of the one that occurred
after I indicated that I was short the stock on March 16th. Before we
delve into my opinion, let’s peruse the news from 1 a.m. this morning:
WSJ: Apple Crunched in Nasdaq Rebalance- In
a move likely to ripple across the stock market, Nasdaq OMX plans to
announce a rare rebalancing of its Nasdaq-100 index, which will reduce
the big weighting of Apple, which currently makes up more than 20% of
the index.
Bloomberg: Apple’s Weight in Nasdaq-100 to Be Reduced as Microsoft, Cisco Are Raised
So, why do you think Nasdaq decides to reduce Apple’s weighting now?
Well, the competitive pressures that Apple faces are nigh guaranteed to
make it impossible for it to fulfill the pie in the sky expectations
that are being built for it. That in combination with a 20% weighting
create a recipe for a guaranteed crash in the Nasdaq unless something
was done about it. Signs of heavy reliance on on or two products for 70%
of their profit, while sourcing the most important parts of those
products from their biggest competitors, were starting to show. iPad 2
supplies are tight due to Japan’s woes, and Apple does not have the
mobile computing product diversity to handle it like the 150 or so
Android competitors it is battling. This means much more than just a gap
in profits for the quarter. These companies are in race, and Apple is
being forced to give up some of its lead due to diversification issues –
issues that Android manufacturers (who are more diversified because
there are so many more of them from different places) don’t have, or at
least not to the extent that Apple does. Thus, Samsung, LG, Asus, HTC,
etc. will be rolling out to customers who may have had an Apple iPhone
or iPad.
This is also another (of many) massive triumphs of BoomBustblog
research over that of the most esteemed Godman Sachs who put a $430
price target on Apple just as it was making all time highs and in direct
contravention to BoomBustBlog’s stated logic. See Shorting Apple and Why Software Developers Can Make More Money On Android Wednesday, March 16th, 2011
I have finally started dabbling with Apple
shorts and puts. My OTM S&P put positions were profitably stopped
out due to trailings yesterday when the market recovered some of its
losses. I have decided to use Apple in the place of the S&P puts
for the time being. Medium to long term, the trade is more evident and
obvious to anyone who is objective and follows BoomBustBlog. It is
significantly more risky shorter term. Alas, there are marginal gains
already, and once they accrue to the point of indemnifying my trailing
stop, I will add more. After I finish the current leg of my global real
estate research to be disseminated to institutions, I will offer
tidbits of the modeling (I have already offered subscribers significant
info on why I think Apple is a risky long play). From a contrarian
standpoint, it may be safe to go short with tight stops, after all
although Apple Gears Up To Combat The Margin Compression That Apparently Only It, Google & Reggie Middleton Sees Coming, we still have those guys over at West Street… Goldman’s
$430 Target, Screaming Buy On Apple At Its All Time High Is In Direct
Contravention To Reggie Middleton’s Logic – Who’s Right? Well, Who
Has Been More Right In The Past? I have taken The Challenge To Goldman Sach’s Apple Proclamation One Step
Farther, Apple’s Closed System Risks
Failure! Listen, everyone, regardless of what investment positions or
tech products you may have in your stable, needs to ask themselves the
appropriate “What if’s”. I have spurred the conversation with “Will Google Win The Mobile Computing War? Let’s Walk Through Where They Stand Now & How To Value Them”
Remember, I may not always be right, but it does pay to look at the track record… Did Reggie Middleton, a Blogger at BoomBustBlog, Best Wall Streets Best of the Best? More attention should be paid to the little guy, after all by now it is Now Common Knowledge That Goldman’s Investment Advice Sucks!
Didn’t you get the memo? I’m sure many traders have spurned Apple due
to the Japanese market being cut off right at the launch of the iPad 2,
but the issues go deeper than that. I will cover it in depth at a later
date, though.
Additional thoughts on the Apple short:
- Note For The Few Realistic Apple Bears… Wednesday, March 16th, 2011
- Buffet on Apple – Common Sense! Monday, March 21st, 2011
- Competition Heats Up In The Mobile Computing Space On Many Fronts – Prices Driven Down Once Again By The Big Players Tuesday, March 22nd, 2011
- How the “I Love Apple, There Is No Other Fever” Adds To The Attractiveness Of An Ever So Unpopular Apple Short Monday, March 21st, 2011
And that Research in Motion short alert
given to subscribers is working like a charm – even more so if it get’s
caught in NASDAQ storm: Research in Motion Drops 10% After Hours, Precisely As We Warned Two Months Ago – MARGIN COMPRESSION!!! Thursday, March 24th, 2011
Analyst Brian White with Ticonderoga Securities said in a note to investors on Thursday that Apple began "aggressively attacking" the component situation in Japan following the earthquake and tsunami that struck the country. The iPhone maker reportedly sent executives to suppliers immediately to ensure adequate supply of components, and also began offering upfront cash payments.
Separately, White's contacts in Taiwan also revealed that Apple is allegedly securing component capacity using what is known as a "three cover guarantee," referring to capacity, stock and price. Apple's move is seen as one that could potentially block out competitors and prevent them from building ample supply of devices.
The information comes as a separate report out of the Far East suggested that a one-month delay for Research in Motion's PlayBook tablet was as a result of Apple securing most of the available touch panel production capacity. The delay has forced the PlayBook to go on sale after Apple's in-demand iPad 2.
Last month, it was said that Apple could agree to price hikes in order to secure touch panel supply, particularly in the aftermath of the Japan earthquake. Apple was said to be in talks with component makers about touch panel pricing, and allegedly considered some price increases in negotiations.
In the company's last quarterly earnings call, Apple Chief Operating Officer Tim Cook revealed that Apple had invested $3.9 billion of its nearly $60 billion in cash reserves in long-term supply contracts. He declined to reveal what components Apple had put its money toward, citing competitive concerns, but said that it was a strategic move that would position the company well in the future.
Analysts largely believe that the secret investment was related to touch panel displays that are the centerpiece of devices like the iPhone and iPad. One cost breakdown estimated that such an investment could secure Apple 136 million iPhone displays, or 60 million iPad touch panels.
It's a move similar to 2005, when Apple inked a major deal with Samsung to secure longterm supply of flash memory. NAND flash would go on to become a major part of Apple's products, including the iPhone, iPad and new MacBook Air.
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Editor’s note: This discussion about the superphone platform is one of the five themes we will be focusing on at the VentureBeat Mobile Summit, on April 25-26. We’ve carefully invited the top executives in mobile to discuss the biggest challenges of the day, which, if solved, can lead to much faster growth in the industry. And at our enterprise session, we’ll have top executives around the table from a number of companies, including Verizon, AT&T, Cisco, Salesforce, Box.net, and more. (If you think you should be part of the discussion, you can apply for a ticket.)
Don’t expect to find the core applications that run the pistons of a business as native apps in Apple’s App Store. With a few exceptions, the future is touch-enabled web applications that will bring a more complete version of a vendor’s feature set to any tablet.
I’ll say it more explicitly: Native apps are for phones, gadgets and games. Touch-enabled web apps are for tablets and broad business applications.
The iPhone’s size has almost necessitated an alternative user experience for business apps, but the iPad’s screen real estate does not suffer that limitation.
The iPad has been in the market for over one year. Conspicuously absent from SmartSheet’s Top iPad Apps for Business lists — produced over the last 8 months by 10 industry watchers — are any cross-business operating apps tackling customer relationship management (CRM), accounting, project management and the like.
Smart software companies are building tablet access into their core products by touch-enabling their existing web applications. For some vendors with form-based solutions, the effort may be fairly simple, for others with rich desktop-class UIs, it is more complex.
Some serious business apps have native tablet versions, but they are either narrow business functions or small carve-outs of their overall solution. Here are some examples:
Some examples of companies with broader business operations applications that are benefiting from the touch-enabled web app approach are:
The key reasons to go native on the iPhone / iPad have been: performance, access to device features (geo-location, camera, etc….), offline support, and most importantly, an entry in the App Store Directory (this will be the only remaining benefit to building native business apps in 12- 18 months).
But the following dynamics in the tablet ecosystem are predicting the demise of that native apps advantage:
Competition Among Tablets Will Dramatically Improve Performance
Intense competition in the tablet market will drive hardware, browser and connectivity performance closer and closer to parity with PCs. Note the step up in hardware power from the iPad to the recently released Motorola Xoom and iPad 2. Vendors do not build native apps for PCs and Laptops any more, and the reasons for that will be just as valid for tablets.
HTML5 Will Erase Native App’s Device Advantage
HTML5 will give browser apps powers that today are only accessible by native apps such as instant on, access to camera, location, and off-line. And, unless it’s a game, most apps require connectivity to be useful anyway. (Here’s a good write-up on this.)
Web Apps Will Outpace and Outreach the Natives (adding features vs platforms)
As more tablets come to market on more operating systems, ISVs will become weighted down building redundant apps for each OS. This will inherently come at the expense of adding more features to a single web app. Inherent in any application development toolkit are its limitations, and Apple’s is no different. Richer experiences are possible with today’s browser development tools.
Businesses Will Favor App Stores that Include “Bookmark a Link” Apps
Apple forbids “pointers” or “very thin wrappers” to touch-enabled web business apps. This benefits Apple, but not business users. There are a host of good business apps that work on the iPad browser, but they’re not present in the App Store. This is slowing the growth of the iPad as a business tool. The marketplace that lists compatible business apps will have a broad audience – one that expects them.
The debate will continue on both the mobile and tablet fronts and it depends on a multitude of factors, but ultimately businesses will choose which approach delivers a more compelling user experience for their specific application. ZDNet reports on three of the key business scenarios prevalent with the iPad, which includes 1) sales people out in the field, 2) executives on an overnight trip, and 3) warehouse managers, retail floor staff, medical staff, and anybody else that needs real access to apps while on their feet.
A tablet untethers the user categories above from a desk if it can handle typically more comprehensive operational business applications that can cover a diversity of business needs. For example, this video shows the owner of a 109-year-old lumber operation bringing automation to the mill floor via the iPad. For this company and the millions just like it, the need for rich tablet-ready business apps is real, but native apps aren’t there yet. Thankfully, there is an app for that. But you’ll have to look beyond the App Store.
Brent Frei is the founder of Smartsheet, an online project management and collaboration tool. He submitted this story to VentureBeat as part of a series leading up to our Mobile Summit later this month.
Previous Story: FCC chairman gets heckled by smart meter protesters (video)
The PPIC study Kolko co-authored sheds light on why historically California’s economy has grown on pace with the national economy even though it usually ranks low in surveys of states whose laws are favorable to business.
While the research suggests many factors that determine long-term economic growth lie beyond the reach of policy makers, Kolko cautioned that policy could still someday trump warm, sunny days on the Pacific coast.
“If California loses its ability to incubate and encourage fast growing industries to be here, that would be unfortunate” in the long term, she said.
Kolko identified two policies in particular, a simpler tax structure rather than a lower tax rate, and a lower share of government expenditure on welfare and transfer payments, as means of hastening economic expansion.
(© 2011 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
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Fox <b>News</b> Throughout History: Pics, Videos, Links, <b>News</b>
Fox News Throughout History: History is written by the pundits winners. As long as humans have existed, they've tried to spin historical events to shed themselves in the best light. And their enemies in the worst.
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Big Media Falls for GE <b>News</b> Hoax (Cont'd) - Giovanni Rodriguez <b>...</b>
The Week takes a short look at what yesterday's GE news hoax may have actually accomplished: --"It was a glimpse of an ideal world." Idea here is that the fake storyline might have helped people imagine a world where businesses "biggest ...
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