Tuesday, July 1, 2008

Billionaire Computer Genius left Microsoft to change the WORLD >>>

This July William Henry Gates III aka Bill Gates left Microsoft Corporation, the company he founded in 1975, with his friend Paul Allen to focus on philanthropical activities like new vaccine projects and microfinance funding in developing world.

After dominating the PC world for more then 25 years, now the world's greatest entrepreneur is leading the world to a new window....................
Now Gates will work full-time at his charitable organisation —
the Bill & Melinda Gates Foundation which he started in 2000 to help reduce inequities in the United States and around the world.

The Bill & Melinda Gates Foundation has been active in India committing millions of dollars for HIV prevention. Since the country is undergoing a microfinance boom, Gates is likely to look at this sector closely.

According to a report , Gates is investing in a new nuclear energy project alongside Nathan Myhrvold’s Intellectual Ventures. Apparently, he’s fascinated by the cross section of biology and computing. Gates also said in the interview that he would be very selective in any type of investment he makes.
“Unless it’s something dramatic, using new science, breakthrough software approaches, breakthrough medical
approaches, it somehow doesn’t grab me, because I’m much more of an engineer and scientist. If somebody says to me, ‘OK, we can do new cookie stores, and we can make zillions,’ I have no interest in spending a minute on that. I hope somebody goes and does that, but that’s not me.”

Wednesday, June 11, 2008

Leader friendly Indians

Indians rock!!They are everywhere. And the world two largest company PepsiCo and Vodafone, which are led by people of Indian origin have made a place among the list of world 20 best companies for leaders. The PepsiCo is headed by Chennai born indira nooyi who is the chairman as well as CEO of this world soft drink major. While, arun sarin is the CEO of the world’s second largest mobile operator Vodafone. Vodafone made a debut in the list by securing the 20th rank, where Pepsi slipped from 3rd position of last year to 7th in this year. The American conglomerate general electric has topped the list once again , followed by Procter and gamble retaining its 2nd position one more time . The maximum number of companies are from US(11) , 8 from Europe and one from Asia. Not a single Indian company made in to the list. The companies that were ranked after GE & PG are Johnson & Johnson, uniliver , cocacola, siemesns, l’Oreal , Toyota, HP, glaxosmithkline, Novartis, Pfizer, HSBC and 3M from 1to 15 respectively.

Animals in stock market!!!!!

a dealer on a stock exchange or commodity market, who expects prices to fall.
Bear market: a market in which a dealer is more likely to sell securities, currency or goods without possessing them and it is known as selling short or setting up a bear position.
The bear closes such a short position by buying already sold securities, currency or goods at lower prices. And the difference between the purchase price (a price that is paid for anything that is bought or price that an investor pays for security.) and the original sale price is the successful bear profit.
You must have heard of bear raid: it is raid or an attempt by a powerful bear to force prices down.

Friday, May 23, 2008

Microsoft now plans to buy Yahoo! search business >>>

News emerged that the Microsoft proposal to Yahoo! would be to buy its search business and have the portal keep its content operations and sell its foreign investments.

Earlier this month, Microsoft walked away from the proposal to acquire Yahoo for $47.5 billion, or $33 per share,after Yahoo rejected the offer, saying it would only settle for $37 a share.

Microsoft Corp Chief Executive Steve Ballmer said on Friday that buying Yahoo was not a strategy in itself, and dropping the bid meant it now had $50 billion to spend on other acquisitions.

"Yahoo was never the strategy we were pursuing, it was a way to accelerate our online advertising business," he told a packed hall at a technology conference in Moscow.

"We will spend money on some acquisitions. You can do a whole lot of things with 50 billion dollars," he said.

Now Microsoft has made an alternative offer, proposing to buy Yahoo's search business and take a minority stake in the web firm.
As part of the deal, Yahoo would put its Asian assets, including significant minority stakes in yahoo Japan and china's Alibaba Group, up for sale , while Microsoft would buy a chunk of that which remains of the company.

The new deal, if completed would forge an alliance between the two companies that would represent an alternative means of competing with rival Google.

Monday, May 19, 2008

Finally Microsoft abort yahoo acquisition proposal

In the beginning of 2008, Microsoft had
made an unsolicited offer to buy Yahoo
for $44.6 billion. Transaction valued at approximately $31 per Share for Yahoo that means 62 percent premium to current trading price for Yahoo! shareholders. But Yahoo later rejected the offer saying Microsoft’s bid ‘substantially undervalued’ the company. Recently, Microsoft raised its bid by about $5 billion but now it appears that Yahoo wanted Microsoft to further raise its bid by another $5 billion or more, raising the acquisition size to about $55 billion.

“We have great respect for Yahoo!, and together we can offer an increasingly exciting set of solutions for consumers, publishers and advertisers while becoming better positioned to compete in the online services market,” said Steve Ballmer, chief executive officer of Microsoft. “We believe our combination will deliver superior value to our respective shareholders and better choice and innovation to our customers and industry partners.”

So it is clearly that with Yahoo acquisition Microsoft wanted to compete with search giant Google.

“We clearly indicated to Microsoft that we were open to a transaction but only if it were on terms that fully recognized the value of Yahoo and was in the best interests of our stockholders,” Jerry Yang, CEO, Yahoo, has said. “With Microsoft’s withdrawal, we will be better able to focus our energy on growing our industry leadership and maximizing value for stockholders.”

Steve Ballmer, chief executive officer, Microsoft, has said, “Despite our best efforts, including raising our bid by roughly $5 billion, Yahoo has not moved toward accepting our offer. We believe the economics demanded by Yahoo do not make sense for us, and it is in the best interests of Microsoft stockholders, employees and other stakeholders to withdraw our proposal.”

Lets watch Microsoft next move...........to conquer the online world.

Budget terminology:

In the budget statement you come across four types of deficits.

Revenue deficits: it is the excess of revenue expenditure over the income. That is if you are borrowing to pay your car loan or home rent, you are borrowing from someone else and spending but you not creating durable asset. That signifies that you need to repay your borrowing sometime in future. So here it’s only the investment that is taking place but no asset creation.

Budget deficits:: it is the excess of total expenditure over the total income, Which also include current revenue and net internal and external capital income of the government.

Fiscal deficits: it is the difference between total expenditure (revenue, capital, and loans net of repayment) and revenue receipts including all those capital receipts which are not in the form of borrowings but at the end accrue to the government.

Primary deficits: It is the difference between fiscal deficits and interest payments.

It points to government borrowing to pay for its expenses other then interest payments which also include how much government is accumulating to future burden on the basis of past and present policy.

Budget: did you know….

C.D Deshmukh was the first Indian governor of RBI who presented the interim budget for 1951-52.

In the year of 1991-92 the interim and final budget were presented by finance misters of two different political parties. Mr yashwant sinha presented the interim budget, the final was presented by dr. man Mohan Singh.

The first prime minister who held the finance portfolio in 1958-59 and also presented that year budget was none other then our great jawaher lal Nehru.

The only finance minister who also became the president of India was R. Venkataraman.

In 1990s three Interim budgets were presented. Two interim budgets were presented by yashawant sinha in 1991-92 and 1998-99 and one by dr manmohan singh in the year 1996-97.

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