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At $300, Google's wealth amounts to $83.4 billionGoogle
's shares rose above $300 after less than a year as a publicly listed company, generating the most used Internet search engine's status as the world's largest media company by market value. Google was founded in September 1998 and it first sold shares to the public in August last year at $85.- per share. Above $300 Google's shares more than tripled since the IPO
. The Mountain View company
surpassed Time Warner, owner of the 83-year-old Time magazine and the Warner Bros. movie studios, as the industry's most valuable company on June 6. Google has a market value of $83.4 billion. Time Warner is valued at $79.4 billion. The stock's gains have been propelled by a surge in profit and optimism that the company's efforts to expand beyond search- based advertising may fuel growth. Google said last week it was developing a payment service. First-quarter net income surged almost sixfold to $369.2 million
, as new features lured more users and sales of online advertising outside the U.S. expanded. Analysts on average expect profit this year, excluding some costs, to climb to $5.22 a share from $2.51 in 2004, according to Thomson Financial. Revenue may climb 12% to $3.56 billion
. Google's stock performance this year mirrors the moves in Yahoo and Amazon
during their first year after going public. Yahoo more than doubled, while Amazon nearly tripled and eBay soared more than 20-fold. Wall Street firms still recommend investors purchase the shares. Among 32 analysts, 25 rate Google a "buy", seven call it a "hold" and none say "sell". Smith Barney's Mark Mahaney has the highest 12-month price estimate for the stock at $360. Google's largest holders are also optimistic. All 10 of the asset managers with the biggest stakes added to their holdings, according filings from at least March. Fidelity Investments
who is Google's biggest holder, boosted its stake by 46% to 17.5 million shares in April and May. Google's shares are less expensive relative to earnings forecasts than Yahoo and about inline with Amazon. They fetch 57 times this year's average profit estimate, compared with Yahoo's 62 times and Amazon's 55 times. The stock has a lower price-earnings-to-growth, or PEG, ratio at 1.8. This measure, comparing the price-earnings ratio to the projected growth rate for the company, is 2 for Yahoo and 2.4 for Amazon. Google's market value exceeds the $72 billion spent on television and cable advertising last year
. The company is now the world's 41st largest by value, bigger than Deutsche Telekom, Europe's biggest phone company and Amgen, the largest biotechnology company, even though it falls short of the top 500 by sales or net income.
At $300 a Share, Google Looks Pricey and Still Irresistible New York TimesGoogle's share climb continues, tops $300 Washington PostReuters - MarketWatch - Bloomberg - Stuff.co.nz - all 29 related » ::: Technorati ::: advertising, capitalization, company, expand, fuel, gain, Google, growth, IPO, market, online, payment, profit, search, service, share, surge, Time magazine, Time Warner, US, valuable, Wall+Street, Warner Bros, Yahoo ::: Sponsor ::: Tax Help and Information and Form your new corporation or LLC!
Give up Western Chess – play Chinese Chess instead!
David H. Li is not too fond of chess – at least not the strange variety we play. The retired professor from Washington DC calls it Queen-Qi or the "Queen’s Game
". A much faster and more exciting version predates Western chess. Before the industrial age in China, Go
was perceived as the game of the aristocratic class while xiangqi (象棋)
was perceived as the game of the masses.
So the rules of modern XiangQi seem to be more ancient than the rules of modern Western Chess, since Western Chess is the result of the great reform of the Arab Chess "Shatranj" round about 500 years ago, whereas the latest change of rules in XiangQi already date back to 840 A.D., as we have just heard from you. And not just that, Professor Li. You go even further. Whilst the majority of historians keep telling us that chess was invented in India sometimes during 400 and 500 A.D., you are convinced of a different origin of chess – roughly 2200 year ago. In your "Syllabus"-series on XiangQi you claim that XiangQi was invented in 203 B.C. by the commander-in-chief of the Kingdom of Han, the general Hán Xin. Do you have any proof for that?
According to Professor Li, the date of the invention of XiangQi is 203 B.C.; so proto-chess, meaning: an early version of chess, originated in China. Xiangqi is a Chinese game in a family of strategic board games of which Western chess and Japanese shogi are also members. The Chinese name is literally translatable as either "elephant chess" or "symbolic chess" but is commonly called Chinese chess in the West. The ancestry of Xiangqi is disputed with some historians contending that it originated from Liubo and others stating that it is a relative of the 6th century Indian game of chaturanga. It is one of the most popular board games of the chaturanga family in the world, especially in Asia. Distinctive features of xiangqi include the unique movement of the pao piece
, a rule prohibiting the generals
from facing each other directly, and the river and palace board features, which restrict the movement of some pieces. ::: Technorati ::: Arab, aristocratic, Asia, chaturanga, chess, Chinese, class, game, general, go, han, Han Xin, Japanese, kingdom, David H. Li, masses, pao, play, Queen's Game, shogi, western, xiangqi ::: Sponsor ::: Buy used & out of print books
Anti-Myanmar protesters mark Aung San Suu Kyi's birthdayOpponents of Myanmar's military junta marked the 60th birthday of detained democracy icon Aung San Suu Kyi on Sunday with solemn protests across Asia, including a 500-strong gathering in the capital of the former Burma. In Washington, President Bush added his voice to the worldwide chorus of those demanding Yangon's generals release the Nobel Laureate from house arrest, and honor the results of 1990 elections they lost by a landslide. Given the isolation and intransigence of those in charge of the former British colony, which has been under military rule for more than four decades, making noises and gestures from afar is just about all the junta's opponents can do.
"I send my best wishes to Aung San Suu Kyi for her 60th birthday. Her strength, courage, and personal sacrifice in standing up for the oppressed people of Burma have inspired those who stand for freedom." Kofi Annan was among those appealing for the release of Aung San Suu Kyi, who has spent nine of the last 16 years behind bars or under house arrest. Her latest stretch of detention began in May 2003. In Yangon, where roadblocks around Aung San Suu Kyi's lakeside home keep away everybody except for her doctor, around 500 people met at the dilapidated headquarters of her NLD party. In Bangkok 60 people held a silent vigil at a university campus. There were similar scenes in Indonesia in honor of "The Lady." U.S. rock band REM will dedicate a song to Aung San Suu Kyi at a concert in Dublin.Years accrue in house arrest for Burma’s Nobel laureate Arkansas Democrat-Gazette (subscription)Rice: Happy 60th to Suu Kyi CNN InternationalMiami Herald - Baltimore Sun - BBC News - New York Times - all 289 related » ::: Technorati ::: Kofi Annan, Anti-Myanmar, Aung San Suu Kyi, birthday, Burma, Bush, democracy, house arrest, intransigence, isolation, junta, laureate, military, Myanmar, NLD, Nobel, Yangon ::: Sponsor ::: No Booking Fees on Flights for a limited time only!
Intel's Venture Fund Invests US$200 Million in ChinaIntel has revealed that its new US$200 million China technology venture fund is likely to focus on digital home technology, wireless communication and integrated circuit design. The fund, earmarked for investment in technology companies, was announced by Paul Otellini in Beijing as the firm celebrated its 20th anniversary in China.
"With the establishment of the Intel Capital China Technology Fund, Intel plans to stimulate local technological innovation and the continued growth of China's IT industry. We will invest in Chinese companies to accelerate technology adoption locally and to foster development of innovative technologies with potential for global distribution."The fund will invest in technology companies that develop hardware, software and services. Intel Capital, which has investment managers based in Hong Kong, Shanghai and Beijing, made its first strategic investment China in 1998 and since then has invested about 50 Chinese companies across nine cities in mainland China and Hong Kong. Eleven of these companies have since gone public or have been acquired, including AsiaInfo Holdings Inc., Chinacast Communications Holding Ltd., Sohu.com, Techfaith Holdings Ltd., and UTStarcom Inc.. Intel marks 20 years in China with new fund San Francisco ChronicleIntel launches venture capital fund for startup companies in China New RatingsIntel Boosts Investment in China CIO TodayAltAssets - Forbes - all 151 related » ::: Technorati ::: accelerate, anniversary, Beijing, capital, China, circuit, communication, design, digital, distribution, firm, focus, fund, global, innovation, Intel, invest, integrated, local, Paul Otellini, stimulate, technology, venture, wireless ::: Sponsor ::: "How to Raise Your First Million Dollars" - The Ultimate Guide To Angel Investors and Form your new corporation or LLC!
Jackson Suicide Rumor Leads to Computer VirusMichael Jackson didn't try to kill himself, but malicious hackers want you to think otherwise. An e-mail saying the pop singer tried to commit suicide was sent by hackers who want to destroy your computers.
Subject: Re: Suicidal aattemptThis message hopes to catch people's attention because of the huge interest in the on-going child abuse trial. The fake message contains a web link that supposedly links to Mr Jackson's suicide note, as anyone clicking on the link will have their PC invaded by a virus that gives others access to that machine. The message was first discovered early on 10 June and already anti-virus companies have seen many copies of the e-mail circulating online. Like many recent Windows viruses the malicious message does not use a technical trick or loophole to infect machines. Instead it relies on tricking users into infecting themselves. The badly-spelled message - its subject line is "Suicidal attempt" - claims that the suicide attempt was in reaction to the stress of the trial. A verdict is due in the case soon. Those who click on the link in the fake e-mail to see the supposed suicide note will get a message suggesting that the site hosting it is busy.
Last night, while in his Neverland Ranch, Michael Jackson has made a suicidal attempt.
They suggest this attempt follows the last claim was made against the king of pop. 46 years old Michael has left pre-suicid note which describes and interpretes some of his sins.
"That may not surprise people who think it might contain genuine breaking news about Michael Jackson. The sick minds behind viruses and other malware often exploit celebrity names and news stories in an attempt to infect as many people as possible."Ms Theriault from Sophos said the busy message is a diversionary tactic because, unseen, a virus is being downloaded on to a user's machine. The virus downloaded is a variant of the Borobt-Gen trojan which gives the virus' creator a backdoor into infected machines. She urged users to be wary of clicking on links or opening attachments in unsolicited e-mail messages.Jacko's Suicide Trojan Hoax InformationWeekHackers create Jackson rumor CNET News.comSoftpedia - Bosh - PhysOrg.com - Times Online - all 134 related » ::: Technorati ::: attention, busy, catch, circulating, click, commit, computer, destroy, fake, hacker, hosting, Michael Jackson, malicious, message, people, pop, rumor, singer, site, Sophos, spam, suicide, suicidal, virus ::: Sponsor ::: 5% Off Sterling Silver Jewelry at EvesAddiction.com! Use coupon code EVELC5 and Form your new corporation or LLC!
Millionaires grew in number in 2004
The ranks of US millionaires swelled by almost 10% last year to 2.5 million as the stock market rallied, according to a report published Thursday by Capgemini
and Merrill Lynch
. An additional 600,000 millionaires were created around the world in 2004, with North America and Asia leading the wealth stakes
. The World Wealth Report 2005 showed that the world's high net worth wealth grew strongly in 2004 for a second straight year, increasing 8.2% to $30.8 trillion. The number of HNWIs
, individuals with a net worth of at least 1 million dollars, grew by 7.3% to 8.3 million, a net increase of 600,000 worldwide. North America led with a nearly 10% growth rate to 2.7 million HNWIs, surpassing the 2.6 million in Europe. Asia-Pacific's growth rate of over 8.2%, or 2.3 million HNWIs, was twice that of Europe, mainly because of high growth in GDP
of 9.5% in China and 6.8% in India.
"Looking regionally, Singapore, Hong Kong, Australia and India saw the highest rates of HNWI population growth, while wealthy people in South Africa and the Middle East benefited from the rise in commodity and oil prices".
Only Great Britain and Spain bucked the trend of sluggish growth in Europe. Great Britain saw its number of millionaires grow by 8.9% and Spain 8.7%. The Report also made a trend forecast for the next five years. Global high net worth wealth was projected to reach $42.2 trillion by 2009, progressing at a CAGR
of 6.5% over the five years. But the report warned that it would become more difficult to join the millionaires club in coming years as economic conditions become more difficult.Country has 52,800 millionaires: report Khaleej TimesAsia starts to catch up on millionaires' row Guardian UnlimitedNorth County Times - Sify - Xinhua - Today - all 143 related » ::: Technorati ::: Asia-Pacific, Australia, CAGR, Capgemini, China, Europe, Great Britain, HNWI, Hong Kong, increase, India, market, Merrill Lynch, Middle East, millionaire, net, North America, Spain, Singapore, South Africa, stock, US, World Wealth Report, worth ::: Sponsor ::: Tax Help and Information and Form your new corporation or LLC!
Mapping the human brainIBM and Switzerland-based Ecole Polytechnique Federale de Lausanne have announced a joint initiative to create a model of the circuitry in the human neocortex, which is believed to be the center for higher cognitive functions. Scientists from IBM and the Swiss EPFL will work together over the next two years to create a detailed model of the circuitry in the neocortex, the largest and most complex part of the human brain. The scientists hope that by expanding the project, nicknamed the Blue Brain Project, to model other areas of the brain, they will eventually build an accurate, computer-based model of the entire brain. Using the digital model created with IBM's Blue Gene supercomputer, scientists will run computer-based simulations of the brain at the molecular level, shedding light on internal processes such as thought, perception and memory. The scientists hope to understand more about how and why certain microcircuits in the brain malfunction, thought to be the cause of psychiatric disorders such as autism, schizophrenia and depression.
"Modeling the brain at the cellular level is a massive undertaking because of the hundreds of thousands of parameters that need to be taken into account."Under the initiative, IBM will install a Blue Gene supercomputer at EPFL, with a peak processing speed of at least 22.8 trillion floating-point operations per second, making it one of the most powerful supercomputers in the world. Markram is the founder of EPFL's Brain and Mind Institute, where more than 10 years of research and wet-lab experiments have produced the world's most comprehensive set of empirical data on the micro-architecture of the neocortex. Researchers from IBM will use their experience in simulating complex biological systems to help turn this data into a working 3-dimensional model re-creating the high-speed electro-chemical interactions of the brain's interior.IBM's brains plan to build a brain CNN InternationalIBM, EPFL join forces to study cognitive intelligence XinhuaEarthtimes.org - InternetNews.com - Sci-Tech Today - ComputerWorld - all 71 related » ::: Technorati ::: Blue Brain Project, brain, Brain and Mind Institute, circuitry, Ecole Polytechnique Federale, EPFL, human, IBM, Lausanne, Henry Markram, mind, model, molecular, neocortex, professor, scientist, Swiss, Switzerland, supercomputer ::: Sponsor ::: Indulge in the luxury of all natural, spa quality Shampoos, conditioners and soaps from ProTerra. Receive $5 off all orders of $50 or more! and Form your new corporation or LLC!
Cox's praise of Internet may hint at future SEC stanceThe man nominated to head the SEC thinks the world of the Internet. President Bush tapped Chris Cox, a lawyer, to chair the SEC. Cox will replace William Donaldson, a Wall Street veteran , who announced his resignation Wednesday. Donaldson's regulatory zeal in the wake of the corporate accounting scandals earlier this decade won praise from Democrats but angered the business community. Cox's nomination brought praise from fellow House members of both parties.
"I think he's a very fine appointment. Chris Cox is respected throughout the House. He's knowledgeable, he's serious, he has a cool head that prevails over and over and over again. I think the president has nominated someone who will serve very well at the SEC."Bush called Cox "a champion of the free enterprise system" during a White House ceremony. Cox won election to the House in 1988, after a stint as a White House counsel during the Reagan administration. He rose to the GOP leadership after Republicans won the majority in 1994, and made a fleeting one-day run at the speakership during a leadership upheaval that led to the ascension of Speaker Dennis Hastert. Cox has steadfastly pursued elimination of the corporate dividend tax and capital gains tax, which were reduced under Bush, and ending the estate tax. Cox will be the SEC's third chairman under Bush, after Donaldson and the controversial Harvey Pitt, who stepped down after a series of embarrassing political missteps. SEC plans June 29 vote on 'quiet period' ReutersNew vision for SEC International Herald TribuneWashington Post - BusinessWeek - Times Online - New York Times - all 1,755 related » ::: Technorati ::: accounting, George W. Bush, chair, Christopher Cox, commission, corporate, democrat, William Donaldson, exchange, lawyer, Harvey Pitt, replace, republican, scandal, SEC, securities, Wall Street ::: Sponsor ::: Alarmtek Home Security $99 Activation - Protect your Family