Now blogging at diego's weblog. See you over there!

tech cash hoards

A 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.

Just five tech giants -- Microsoft Corp., Cisco Systems Inc., Intel Corp., Dell Computer Corp. and Oracle Corp. -- now hold a staggering $87 billion in cash and liquid investments. That is up from $77 billion a year ago, and suggests that these companies, whose revenue declined as much as 35%, aren't as sick as conventional wisdom dictates.

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!

Categories: technology
Posted by diego on December 28, 2002 at 8:59 PM

selling environmentalism

Was 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.

Most people think all that largess helps the birds. But many ornithologists and wildlife biologists say it does very little good -- and even does some harm. Attracting wild birds to feeders spreads disease, aids predators such as house cats, and lures the birds close to houses and roads where tens of millions of them fly into windows and cars. House cats and hawks treat feeders as fast-food outlets, snatching birds from perches or the ground below.

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.

Categories: personal
Posted by diego on December 28, 2002 at 8:54 PM

another movie to see

Review: 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.

Categories: personal
Posted by diego on December 28, 2002 at 3:09 AM

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