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Good Summary of Hyatt Case

post from Taxable Talk on 20 August 2008 09:08:00 PM. © Taxable Talk

The Las Vegas Review-Journal has published an excellent summary of the Gilbert Hyatt case and verdicts....

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http://www.taxabletalk.com/posts/1219283055.shtml

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Treemo feels pinch of Chinese censors

post from John Cook's Venture Blog on 20 August 2008 07:38:00 PM. © John Cook's Venture Blog

Chinese Internet censorship -- in the news quite a bit since the start of the Olympics -- is having an impact on at least one Seattle startup.

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http://blog.seattlepi.nwsource.com/venture/archives/146684.asp?source=rss

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Settling a Debt Can Hurt Your Credit Score

post from Just Ask Asa Aarons on 20 August 2008 07:22:24 PM. © Just Ask Asa Aarons

Settling an old debt may help your conscience, but it won’t do anything to fix your credit or boost your credit score. But many consumers seem to think otherwise. Many agree under pressure from debt collectors to settle old debts, without[...]

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http://www.justaskasa.com/wp/?p=1067

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Paying Less Than You Owe Can Affect Your Credit
Score

post from Just Ask Asa Aarons on 20 August 2008 07:22:24 PM. © Just Ask Asa Aarons

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Bust to Boom

post from Ross Mayfield's Weblog on 20 August 2008 06:49:00 PM. © Ross Mayfield's Weblog

There is no doubt there are tight times for tech entrepreneurs in the US & UK right now, but there are substantive differences between the current climate and the big bust. Richard Waters of the Financial Times explores this in his piece Back to Bust? I'm quoted briefly on how things have changed.

"We're talking about products that are one tenth the cost of things that were hawked in the last recession," says Ross Mayfield, whose company SocialText, is trying to sell tools to corporate customers that emphasise the "Web 2.0" concepts of networking and collaboration.

I'd also add that new opportunities are created in tight times.

Entrepreneurs are a curious breed of optimist and contrarian pragmatist. We find opportunities in big problems and experiment at the margin of what we know works to solve them. A startup is the art of making do with less resources, and in turbulent times such resources are more difficult to acquire at speed. But the upside of a recession is there is less competition and time to explore whitespaces.

Keep in mind the best startups started in the midst of recession. From Apple to Microsoft (to Socialtext ;-).

For those entrepreneurs who worked through the crash, perhaps the most devastating time in the in Silicon Valley's history, we learned some solid lessons. About making do with less, finding real markets, work/life balance if not treasuring what we are working for and places where it is better to cooperate than compete in open source and on the web.

For Socialtext, the challenge with these macro conditions is ensuring you are creating and selling penicillin, not vitamins. This has meant a shift from Wikipedia-inside knowledge sharing communities to process-specific implementations for marketing, sales, support, partners and customers. We are helping our customers not only be productive, but enabling the edge of their organization to move faster in adapting to turbulent markets and seizing opportunity.

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http://ross.typepad.com/blog/2008/08/bust-to-boom.html

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August 20, 2008 Stock Market Recap

post from Trader Mike on 20 August 2008 06:40:32 PM. © Trader Mike

This was a session which I like to label as a chopfest. The bulls can claim a victory though since the indices finished higher on the day and volume, while still on the light side, increased a bit. But I’ll call it a minor victory for the bulls since the advance decline line [...]

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http://tradermike.net/2008/08/august_20_2008_stock_market_recap/

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eBay Introduces New Listing Type

post from Internet Sector and Stocks Analysis from Seeking Alpha on 20 August 2008 06:07:35 PM. © Internet Sector and Stocks Analysis from Seeking Alpha

Scot Wingo submits:

Wednesday eBay (EBAY) announced (microsite and ebayink) another package of changes (fingers crossed this is the last of them for 2008!). The bulk of these changes roll mid-Sept so there's some time to ponder them and change strategies (more on that after the summary of changes).

There are some minor/expected/well predicted changes such as:

Complete Story »

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http://seekingalpha.com/article/91872-ebay-introduces-new-listing-type?source=fee
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WebMD, Blue Nile: Two Consumer Internet Plays

post from Internet Sector and Stocks Analysis from Seeking Alpha on 20 August 2008 05:32:38 PM. © Internet Sector and Stocks Analysis from Seeking Alpha

Sramana Mitra submits:

Continuing my coverage of consumer internet companies and how they are adapting their business strategies to Web 3.0, here is an analysis of two very different players, WebMD (WBMD) and Blue Nile (NILE), who recently announced their results.

WebMD, the online medical services portal, has been delivering good results for the last few quarters. Q2 revenues grew 15% over the year to $89.2 million, narrowly exceeding the market’s expectations of $89.1 million. EPS grew to $0.11 from $0.09 the previous year. The market was expecting EPS of $0.10. (See earnings call transcript.)

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http://seekingalpha.com/article/91863-webmd-blue-nile-two-consumer-internet-plays
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What Do You Want, An Olympics Medal

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http://www.fastcompany.com/articles/2008/08/tom-stern-passive-olympics-medal.html
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EBay's Aim at Amazon: Off Target

post from Internet Sector and Stocks Analysis from Seeking Alpha on 20 August 2008 04:51:15 PM. © Internet Sector and Stocks Analysis from Seeking Alpha

Michael Shedlock submits:

Competition for customers between eBay (EBAY) and Amazon (AMZN) is heating up. In an attempt to win market share EBay Cuts Fixed-Price Fees More Than 70%, Maintains Forecast.

EBay Inc., the world's largest Internet auctioneer, lowered fees for listing fixed-cost items by more than 70 percent to attract additional sellers and compete with Amazon.com. EBay said the changes won't affect its annual earnings projection.

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