Posts filed under “Legal”
My pal JP notes that the iPod wannabe had an utterly disasterous quarter:
Overlooked in the carnage of Microsoft’s second quarter was the performance of the company’s Zune platform. Which was, quite simply, atrocious. Seems that $10 to $20 holiday discount didn’t do much good at all.
According to Microsoft’s latest 10-Q, “Zune platform revenue decreased $100 million or 54 percent reflecting a decrease in device sales.”
A precipitous decline. And one that stands in stark contrast to the record 22,727,000 iPods Apple (AAPL) shipped during its latest quarter, representing three percent unit growth over the year-ago quarter. Can’t really blame this one on the economy, can we Microsoft (MSFT)?
That is just a horrific comparable. It just goes to show you that Microsoft, without the advantages of the Windows/Office monopoly, is simply just another ordinary company — nothing special, nothing innovative.
What do you expect from a big bloated monopolist whose history is dominated by decades of a corporate culture that was more interested in stealing versus creating, in bullying versus cooperating.
Onwards! Their long slide into irrelevance continues . . .
Zune to Be Forgotten
Digital Daily, 12:00 AM PT on January 24, 2009
“Chairman Cox has increased to 34 percent of the S.E.C. work force from 32 percent in 2005 and 29 percent in the 1990s. This investment in investor protection already is paying significant dividends.” The baldfaced lie above was issued under SEC Chairman Cox about how he had improved the agency enforecement staff to protect investors….Read More
You need only two things to fix the housing crisis: Readily available consumer credit, and lower real estate prices. The second part of that equation is being helped along by Foreclosures: Southern California home sales rose 51 percent in December as a surge in foreclosures pushed prices of single-family houses and condominiums down from a…Read More
In September, I mentioned that my internet provider, Optimum OnLine by Cable Vision, was hijacking my typos and searches via their DNS Redirect. The company line is that this is a form of search assistance — but that’s transparent bullshit. I didn’t ask for search, and I know how to use Google. Besides, this defeats…Read More
> RealtyTrac reported this week that in 2008, the U.S. had a total of 3,157,806 foreclosure filings — default notices, auction sale notices and bank repossessions — on 2,330,483 U.S. properties. This was an 81% increase over 2007, and a 225% percent increase from 2006. The report also shows that 1.84 percent of all U.S….Read More
Full blown liquidation, no value remains for shareholders. I was going to write “Wow,” but its a tough business, with brutal competition and razor thin margins. CC had too many missteps over the years — and too much debt — to reorg/recover from. WSJ: Circuit City Stores said it has reached an agreement with liquidators…Read More
Via Marketwatch: Bernard Madoff. David Colby, former CFO of Wellpoint Rod Blagojevich, governor of Illinois Heinz-Joachim Neubürger, Karl-Hermann Baumann and Johannes Feldmayer. The two former CFOs and former chairman of Siemens Ted Stevens, former senator from Alaska Bruno A Kaelin, former senior vice president and head of corporate compliance at Alstom Adam Vitale, sentenced to…Read More
Alternative title: The End of Self-Regulation A Boston Globe article today reveals that Madoff’s firms may never have traded — despite NASD/FINRA audits every 2 years since 1960. “As investigators try to untangle the scheme that Bernard L. Madoff hid from investors and regulators for a decade or more, one basic fact is emerging: He…Read More