| d2r diego's weblog: December 28, 2002 Archives |
tech cash hoardsA Wall Street Journal article (requires login) about the cash hoards of some tech companies: Despite the high-tech industry's worst downturn ever, a number of companies in the sector have been quietly accumulating enormous cash hoards.77 billion dollars is a lot of money indeed. Is it a coincidence that the cash reserves of these companies is directly proportional to the lack of competition in their markets? I don't think so. In fact, the biggest the monopoly, the biggest the cash reserve. Microsoft tops the list, followed by Cisco, then Intel, then Oracle and Dell. Monopoly pays! selling environmentalismWas reading today this article on the Wall Street Journal. Quite interesting: Last year, Americans spent $2.6 billion on birdseed. That's more than twice as much as they spent on prepared baby food, and two and a half times as much as they spent on food for needy nations. They shelled out a further $733 million on feeders, houses and baths for birds.2.6 billion dollars spent on bird seeds. Wow. Talk about waste. Maybe after the people in poor countries have starved to death the birds can take over there... they'll have a lot of space. another movie to seeReview: The Hours: Meryl Streep, Nicole Kidman and Julianne Moore bring dignity and Oscar-worthy performances to "The Hours," a lovingly crafted meditation on death, loss and literature. Copyright © Diego Doval 2002-2007.
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