April 2007

Me on CNBC: Earnings Guidance, Solar Power, etc.

I was on CNBC late today for a bit of Sudafed-fueled sparring with my friend Herb Greenberg. Video is here.Note: I have mentioned to the CNBC folks that many of you seem to have trouble with these videos. I'm hopeful...

Bubble Contest: Win a Book

The first commenter here to correctly guess (within 2,000) the number of telegraph miles in the U.S. in 1852 wins a snail-mail copy of Dan Gross's soon-to-be published book Pop! Why Bubbles are Great for the Economy. A hint: There...

Geekdad Pointer

Now and then I will be contributing to Wired's Geekdad site, and you can see one post over there today....

Skills and Non-Exponential Tails

Nice and sobering comment from Emanuel Derman this morning:When you forget skills or knowledge you once used but then neglected, I've noticed that they don't fade away gradually. Some of the physics or math I used to use and know...

iPhone Pricing Factoid, plus Motorola's Missteps

Here's a good stick with which to beat iPhone skeptics in my next CNBC appearance:A note to everyone who believes that $499 is too much to pay for Apple's iPhone: The Motorola RAZR wasoriginally introduced at that price. It went...

Jim Hamilton Doing Recession Probabilities

Economist James Hamilton has a data-rich post up on recession probabilities. It's worth reading all the way through, but the gist is that he uses historical data to come up a measure for the likelihood of an upcoming recession predicated...

Touching Alltime Euro/Dollar Lows

I see that on Friday we touched all-time lows for the Euro/dollar exchange rate. For those of you keeping score at home, here, courtesy of Bloomberg is the dollar carnage since the Euro's 1999 launch versus various major currencies:Euro: -16%U.K....

More Bubble Reading: Why Bubbles are Great for the Economy

Yesterday I pointed to Jeremy Grantham's provocative piece on why all the world's a bubble. Today, to give the other side, I'll suggest people read Pop! Why Bubbles are Great for the Economy, a new book by Dan Gross (the...

VC Definition du Jour: Generalist VC

generalist (n.): A venture capitalist who used to be a specialist, but had his specialty fall out of vogue. While such people are actually still specialists, they prefer to call themselves generalists as a marketing move. There are admittedly true...

Uoptated: All the World's a Bubble

Highly provocative Jeremy Grantham piece on how every world market -- from art to stocks -- is in a bubble. Read it. Now.[Update] By popular request, here is the cornerstone figure from the Grantham piece. Click to see in larger...

Biz Book(s) Du Jour

I'm cheating today -- there are two biz books du jour. The first one is really and truly a biz book -- as in it's about business -- and it's lots of fun about the history of one storied banking...

Newsflash: Some Smart People Don't Have Advanced Degrees

The real news in tonight's announcement that MIT's Admissions Officer has left after it being discovered she didn't actually have any of the degrees she said she did is this: Some people are still surprised that there are smart people...

Alien's $291-million: Top of the VC Pops?

A point I was debating earlier today with a fellow investor: Is Alien the current prize-winner in terms of venture-ish dollars received since 2001? Today's $33-million round puts the company at $291-million in total invested capital. That's gotta be good...

Enterprise Buying and the Tech Sector

To reiterate something I said on CNBC last night, I mused bullishly about technology over next eighteen months based on enterprise buying picking up. Said nice things about Cisco, Dell, Juniper, and others. A point I'm wavering on is whether...

Microsoft's Result: Fun with Deferred Revenue

As expected, Microsoft has made its numbers, with deferred revenue providing the kicker. More later after the call.[Update] Some fine people pointing out in comments that I said "made" rather than "beat". Made doesn't imply non-beat, and they did beat...

Hanging at EconSM: Music, News, and Contrarianism

Rafat has put a on a great and eclectic show here at EconSM conference in L.A.. Bringing together entertainment, media, and technology may feel so ... 1999, but baby, it's working. Afternoon sessions are future of music vs future of...

Welcome to L.A.

Am in a line in L.A. and some guy just stopped by and tried to sell me "bio-energetic endpoint healing". Told him I was fine, but could use some help renewing my passport, if bio-energetic endpoint healing works on that...

TheStreet Buys Stockpickr

Huge congrats to my friend James Altucher whose New York-based Stockpickr was just bought by TheStreet.com. A great east coast Web 2.0-ish exit, and a lovely example of how specialized and engaging web properties can a) grow quickly, and b)...

EconSM Conference Today in L.A.

Part of the day today I'm at Rafat's EconSM (economics of social media) conference in L.A. Ping me if you're around and want to chat....

VC Investing Factoids from Q1

Some Q1 VC investing factoids, as sent to me by a colleague:Q1 07 was biggest single quarter by dollars since Q4 01Q1 07 biotech dollars was biggest single quarter ever and roughly equal to all of 1997the usual 80/20 split...

Me CNBC Two-fer

There was a two-fer of me today doing CNBC stuff. First off was talking Apple earnings and tech, second was my now-regular Wednesday "Fear & Greed" sparring match with Herb Greenberg.Segment 1Segment 2...

EQO: More Portfolio Pimping

In the spirit of talking up recent Ventures West investee RapidMind earlier in the week, I should give equal time to today's newly-announced investee, EQO. The one's my colleague Sam Znaimer's, and the CEO is the estimable Bill Tam, who...

If You're So Dumb, Why Aren't You Rich?

Crazy-fun new study in press at the journal Intelligence. It attempts to puzzle out the connection between IQ and wealth, only to come up with the entertaining -- if unsurprising --  result: There isn't one. Bad news for brainy geeks...

Hockey-Less Night in Canada

A whiteboard seen on CBC Vancouver's television news floor earlier today. Only in Canada would the absence of hockey be the notable programming event of the day....

OECD Broadband Stats: Adding a U.S. a Year

Andrew has the latest OECD broadband stats, and they're definitely worth scanning -- as, of course, is his take on the stats themselves. My favorite factoid: 40m broadband connections were added in OECD countries last year. That is roughly the...

Twitter-icious Greed

While I have neglected to mention it here, for some time now the content of this site has been going out as a Twitter feed. Do with that trivial and trendy information as you see fit....

Steve Jobs is Bad Man, Says ex-Apple CFO

Despite having been absolved of all blame by Apple's board for option backdating, Apple CEO Steve Jobs just got blamed for same by the company's former CFO, Fred Anderson.Here are the money quotes from an Anderson press release, with the...

Five Reasons Why iPhone Will Win

Having now wandered in the wilds of various cellphones over the last few months, I am re-reminded why iPhone is underestimated. I have a Treo 700, a Blackberry 8800, and a Samsung TV phone, and they all suck. Here are...

Kessler on Hedge Fund Principles

My friend Andy Kessler has a great post up on the NY Times site laying out some guiding principles of being a successful hedge fund manager. It all revolves around "working hard to stay shallow":Don’t believe in anything.Let the world...

Doing a Toyoto Prius Teardown

I love teardown analyses of technology, so a new EETimes series on tearing down a Toyota Prius is catnip for me. Read the whole series:Part 1: The airbag control modulePart 2: The dashboard displayPart 3: The skid control moduleAmong other...

RapidMind and the Rise of Multicore

To pimp portfolio stuff for a moment, VenturesWest announced today that it recently closed an investment in RapidMind, a provider of a platform for accelerating development for multicore CPUs. My colleague Robin Axon is passionate on the stuff, and he...

Offline is the New Online, Part XXIV in a Series

Offline is the new online, as I've written here many times. Among the bigger and more important challenges in web development is making sure that online apps work properly when you're disconnected. Nice to see that the Dojo toolkit is...

Google is the World's Most Cost-Effective Brand

Nice work by the Valleywag gang showing that Google may be the world's most cost-effective brand. They cross-reference top brands against U.S. marketing spend to come up with following hugely instructive figure:Great stuff.[via Valleywag]...

Google's Hopeless Critics: Did DoJ Begat Google?

I just read in the Washington Post the silliest criticism yet of Google's deal for DoubleClick. In essence, the writer, Steve Pearlstein argues that despite Google having played fair to get to where it is, it has now crossed some...

Catching Up: Niall Ferguson, VC Investing, & Nasdaq IPOs

Catching up before a busy day:Nasdaq saw the most first-quarter IPOs since the same period during the bubble (AP)VC investing was up during the first quarter, but IT investing was down overall, and southern California is staying ahead of New...

Book du Jour: The Story of White LEDs

Given my ongoing LED fixation, here is my biz book of the day: Brilliant! Shuji Nakamura and the Revolution in Lighting Technology, Bob Johnstone. It's about how in 1992 Nakamura invented solid-state white lights from LEDs. If sometime a little...

Progress of Computing in GDP-Deflated Terms

Nice graph of the progress of computing in a paper by Bill Nordhaus in the March issue of the Journal of Economic history. It shows the advancement of computing technology as measured by the declining cost per operation per second...

Sneak Peek at Weekend Reading

Here is a sneak peek at some links from my weekly Weekend Reading column at TheStreet/RealMoney: Lower taxes were a major unheralded factor in Google's earnings surprise (Reuters) AMD is within two quarters of running out of cash (EETimes) Good...

Jessica "Founders at Work" Livingston Speaking at Google

Jessica "Founders at Work" Livingston spoke at Google yesterday about her excellent book. It's good stuff, but read the book too if you haven't already....

Catching Up: Yahoo, PC Sales, iPhone, UGC, etc.

A few quick links to get caught up before the weekend:A great hit job on Yahoo and its troubles this week (John K.)Asia/Pacific has passed the U.S. market in PC sales for first time (Gartner)Media execs say top threat they...

Tech Tip: Better Gmail is Gmail 2.0

Gina at Lifehacker has created the #1 most important tool any Gmail user needs. It's an add-in, called Better Gmail, combining all the major Greasemonkey hacks for Firefox-based Gmail users, and it turns Gmail from indispensable into ... really indispensable....

Friday Motivation for Weekend Warriors

As a typical weekend warrior -- too many meetings during the week, and then flying off rocks on my weekend mtb-ing -- I love the Friday motivation of this video of Dean Potter doing a free, solo climb of The...

Dell Brings XP Back from the Dead

In some hilariously bad news for Microsoft, Dell has announced it is bringing back Windows XP as an installation option on PCs that it sells. It is ugly news for Microsoft and its Windows Vista, driving home poor the update...

Google Buying Microsoft/Yahoo, and TSO Holes

A fascinating internal Q&A transcript was released by GOOG in a financial filing today on the company's transferable stock option (TSO) program. It is triggered by this comment from a Google official explaining why and when the program might be...

Talking Google on CNBC

I was on with a googol of Google guys tonight on CNBC talking about the company's earnings released today. Watch here....

Watch Google's Vint Cerf Live

Vint Cerf, Google's chief Internet evangelist, is currently (10am PST) speaking here in San Diego. You can watch it live here....

Google Quarterly Earnings

I'm on CNBC tonight shortly after 4pm PST talking about today's Google earnings release. Big issues will be the following, among many others:DoubleClick deal. Investors aren't happy about the opacity, so far, wrt  DoubleClick numbers.Headcount and capex. Both continue to...

Fear & Greed: Greenberg and Kedrosky

My friend Herb Greenberg and I went media mano-a-mano tonight on CNBC. It is always fun sparring with Herb, and we'll likely do it again next week....

GooTube, Dreamworks, and the Death of Hollywood

Nicely juxtaposed factoids about GooTube and Dreamworks in an FT debate about the death of Hollywood:"The enduring success of the leading entertainment companies has been largely due to their stranglehold on distribution", [an entertainment i-banker] writes. "Video readily downloaded over...

The Right Real Estate Offer

Which of the following would make you more excited about the outlook for a hypothetical real estate market?We expect prices to double over the next two decades.We expected prices to climb a little less than 3.5% per year.Most people, I...

The Bear Case for Disrupting RIM

From an email I have sent a few people today in response to notes about the RIM/Blackberry outage, here is the bear case on disrupting RIM. Folks think I'm undervaluing the complexity and effort required in replicating a BlackBerry-like network....

Twitter for Hypochondriacs

Who is sick? is a clever idea, and similar in many ways to my "what's going around?" idea. It allows people with symptoms of something or another -- bloody stool! sniffles! cough! muscle ache! -- to add their location and...

More Biz Media

More business media worth watching/listening: Deloitte Insights, a business podcast. Some good stuff, including on boards, and the future of life sciences....

Herb Greenberg Gets Some Link Love

My friend Herb Greenberg -- with whom I'm on CNBC tonight arguing Blackberry & Yahoo & Netflix -- just won a Codie award for best financial blog. Congrats Herb!...

Some Online Media Picks

With some adds this week, here are my current favorite subscriptions for online media. This area is really changing and improving in a hurry:Research Channel. Think C-Span for academics.Fora.tv. Thinks C-Span for New York Review of Books readers.Smashing Telly. Think...

Economics of Male/Female Work

John K. has a nice catch of a paper looking at gender differences in work. The gist, men work the same amount as women, as long as you adjust for TV watching. Who woulda thought?...

BlackBerry Out(r)age

Lots of pissed BlackBerry users today, all of whom are unhappy at a widespread outage yesterday on the popular mobile device's email network. As only a recent & sometime BlackBerry user, I was hit by this last night, but my...

Yahoo's Results Get Dumped On

Quick comment on Yahoo's results: While the Street wasn't apparently all that fond of Yahoo's quarterly results yesterday, my view hasn't changed. This is still a solid turnaround story, with Panama's near-term contribution underestimated, and the potential for improved search...

Why Poor-Performing Mutual Funds Never Die

Why don't more poor-performing mutual funds run out of money and disappear? There is an interesting NBER paper up that tries to answer this question, and it comes to some thought-provoking conclusions.We document that the observed persistence amongst the worst...

Most Expensive Homes in America

Some magazine called Ultimate Homes has out its list of the 12 most expensive homes on the market in the U.S.:No. 1 - $155 million - The Pinnacle at Yellowstone Club - Big Sky, MontanaNo. 2 - $135 million -...

I Love Pop!Casts Too

Thanks to June for pointing me to the new (?) page at the Pop!Tech site highlighting some of that eclectic conference's best talks. Great stuff....

FDIC Organizes LTCM-Style Meeting Over Subprime

Imagine this headline "[Banks, Regulators, and Execus] Trying to Keep Borrowers in Homes" rewritten to be about credit cards. Would it be different than what is being proposed by some to save home-owners in over their heads on subprime mortgages?A...

Updated: Top Ten VC Lies

From a recent (highly playful) presentation of mine, here is my list of the top ten lies venture capitalists tell. Imagine it being read in reverse order, from 10 to 1, a la Letterman:10. We’re all on the same side...

I Love Ted

I love Ted. The newly redesigned website that is. Having gone from 40 or so videos from the TED conference, to more than 100 -- or is that 300? -- the new site is awesome in its depth and breadth...

Nice Day to Not be Sailing Off New England

It's a nice day to not be sailing off the coast of New England. The following graph shows wave heights from a live data buoy about fifty nautical miles southeast of Nantucket in the current storm....

Google Rivals Call for Mommy

Maybe it's just me, but news that Microsoft is looking for antitrust scrutiny of Google's proposed DoubleClick acquisition strikes me as a little plaintive and screechy. This sort of deal was always going to be scrutinized for antitrust implications, so...

Pew: More Information is Making Us Stupid

There is a new and demoralizing Pew Research report out today. It shows, in short, that despite the huge increases in the amount of ambient information out there -- the Internet, 24-hour cable news, etc. -- Americans know as little...

Machine-Readable News For Fun and Profit

The Financial Times has a piece up on a subject I have written about here a number of times, and that has to do with the rise of trading algorithms built around news textual analysis. While this is vastly easier...

Michael Lewis on Subprime Mortgages

Writer Michael Lewis has a typically inverted take on the subprime mortgage meltdown. The infrequent Bloomberg columnist wonders how it is that the media portray rich people who lent money to people who didn't have the means to pay it...

The Shorter Tom Wolfe on Hedge Funds

Okay, this is the last item from Portfolio magazine. I promise. But, if for no other reason than to say you did, you need to read Tom Wolfe's mega-entry on the hedge fund manager subculture. The Wolfe piece -- and...

Profile of Citadel's Ken Griffin: An IPO Imminent?

Here's the trouble with Portfolio magazine: Having stuffed as much circ-building marquee stuff in the first issue -- Pickens profile, Doerr piece, etc. -- it's not easy to figure how it doesn't descend into trend-of-the-month BusinessWeek mediocrity going forward. That...

Take Finance Professors' Advice -- They Aren't Trading On It

Funny new paper out look at stock-trading habits of finance professors. Of those trading stocks at least monthly, most are using fundamental factors like P/E and market cap, as well as technical factors like momentum, to rate stocks, not the...

Barron's Hangs a Web 2.0 Buy on Adobe

Weekend financial mag Barron's uses a Web 2.0 hook this week to hang a buy recommendation on Adobe. The combination of tools, Flash, Flash Lite, Apollo, and growth in 2.0-ish interactive web properties has the publication thinking Adobe looks like...

The Matthew Effect in Social Networks

"For unto every one that hath shall be given, and he shall have abundance: but from him that hath not shall be taken away even that which he hath." -- Matthew XXV:29, KJVThe so-called Matthew Effect is well known in...

Sneak Peek at Weekend Reading

Here is a sneak peek at some links from my weekly Weekend Reading column over at TheStreet/Realmoney: Nassim "Fooled by Randomness" Taleb's new book The Black Swan: The Impact of the Highly Improbable is thought-provoking and excellent (Amazon) IEA says...

KP's Lane Calls For Cleantech Bubble

The new CN Portfolio mag has a stupidly-named feature ("Behind the Green Doerr" -- beyond a cute title, what's the connection to the long-ago Chambers porn flick?) on KP and John Doerr's cleantech investing ambitions. Despite working semi-diligently to come...

Ride-Sharing With Low-Emission Sea Otters

I'm a glutton for punishment, so I generally do our taxes myself using TurboTax. It is, of course, an insanely irritating experience, only partly because of TurboTax. Anyway, every year I am amazed at how bizarre things get, in particular...

CN Portfolio is Live

Conde Nast's new biz magazine Portfolio is now live. There are way too many stories to read 'em all, which is good, I guess, considering the next issue won't be out for months. I'll a closer look later this evening...

NVCA Talk on Tuesday

I'm at the National Venture Capital Association (NVCA) meetings in Washington DC early next week. I have a couple of meetings, and am giving a short talk ("Venture Capital Myths") on Tuesday. If any readers will be around, send me...

GoogleClick, Microsoft's Air Supply, & Bid 'Em Up Brin

How much worse can things get for Microsoft? After having almost certainly begun the DoubleClick bidding, thus putting the online ad company in play, Microsoft has seemingly been outbid -- again -- by Google. Some seemingly think the price is...

Imus, Transparency, and Niceness

I pay near zero attention to the political nattering class, but a lot of people are bringing technology into this Don Imus racism shouting match, so it's worth a comment. While some people seemingly think that the lesson here is...

Me on CNBC Talking iPhone

I was on CNBC late today talking iPhone, etc. My fellow guest was columnist John Dvorak, who was invited on to defend his "Apple should kill the iPhone" column, as well as to substantiate his poor battery performance claims for...

Updated -- Apple, iPhone and Leopard Delays

Guess what? People apparently just rediscovered that writing software is hard, and it's even harder on embedded devices like Apple's upcoming iPhone. Nevertheless, the delay in the schedule for Apple's Leopard, announced today, is troubling on a number of fronts....

Inigo Montoya Goes to Microsoft

Vizzini: He didn't fall? Inconceivable.Inigo Montoya: You keep using that word. I do not think it means what you think it means.             -- The Princess Bride (1987)Inigo Montoya has apparently gone to Microsoft in the guise of search czar...

Teens and iPhone

Some useful stats on music/media markets from a new Piper Jaffray teen shopping survey: In addition, students were asked about their buying habits of MP3 players and online music. Of those students who own a MP3 player, 82 percent indicated...

Sorry, Maintenance Staff Sold Dow Chemical Earlier Today

Funny/harrowing story out today about two Dow Chemical people who allegedly tried to sell the company without permission. One was a former CFO and current board member, and the other was a vice president. Dow Chemical says they were "involved...

The WSJ Not Getting Google Press Releases?

The Wall Street Journal is a great paper -- hey, I write OpEds there now and then, so it must be good -- but is it not getting Google press releases anymore? I ask because it has a story today...

Kurt Vonnegut has Come Unstuck in Time

I'm sure writer Kurt Vonnegut would find it bleakly amusing to see that I quoted him in a silly context a few days ago in a posting, only to find out tonight that he is dead at age 84. Then...

Google Search Stats, Utah, Microsoft-Stomping and Acquiring Yahoo

Hitwise has out its March 2007 U.S. search market stats, and Google's dominance continues and grows. The company took in a whopping 64.1% of all U.S. searches in the month, up from 63.9% in February, and way up from 58.3%...

Top Ten Highest Paid Hedge Fund Managers

Traders Monthly has out its list of the top 100 highest paid income hedge funds. While these sorts of lists are always prone to errors and missed managers, the numbers are still staggering, as the following subset of the top...

Twitter Twaddle

My biggest takeaway from this funky new data-driven exploration of the Twitter universe is that the biggest topic of conversation on Twitter is ... well, Twitter....

Anyone Going to Milken Global Conf?

Anyone going to Milken Global conference in LA week after next? Went to one of these years ago, but wasn't planning to attend this time around. Feel free to talk me out of it....

TheStreet.com Adds New Feeds

My friends at TheStreet.com have added a plethora of RSS feeds, all managed by Dick et al., at Feedburner. Good on both!As a semi-related aside, Dick and I hung out for a bit at ETech while I apparently made up...

Mitsubishi Ups Investment in Wind Turbines

In all the chatter these days about solar power, it was interesting to see the following wind news cross the wire:Mitsubishi Heavy Industries Ltd. (7011.TO) said Tuesday it will invest about Y4 billion to triple its wind turbine production capacity...

Anaesthetics and Medical Science's Advance

I've been listening tonight to a harrowing BBC program on the importance of anaesthetics' advances to modern surgery's progress. Absolutely riveting.The suffering experienced by patients in the age before anaesthetics is almost unimaginable. In the 19th Century, a simple fracture...

NASDAQ Bangs the IPO Drum

In a press release today, the merry folks at NASDAQ banged the IPO drum about their first quarter initial public offerings stats:NASDAQ(r) had its strongest first quarter performance for IPO listings since the beginning of 2000. The total number of...

Stupid Data Miner Tricks

Interesting looking paper on data mining mistakes -- Stupid Data Miner Tricks: Overfitting the S&P 500 -- in the current issue of the Journal of Investing. I think I read the 1997 First Quadrant monograph by David Leinweber, but I'll...

Holidays and Billy Pilgrim

Listen: Billy Pilgrim has come unstuck in time.      - Slaughterhouse-Five (1969), by Kurt VonnegutTonight, in part because I'm getting back into things after being away for longer than expected, I'm feeling awfully Billy Pilgrim-ish. Unstuck....

Beware Academics Running Endowment Money

A Charleston, South Carolina, economist apparently was better at attracting assets than at managing them, at least according to a new SEC suit. It alleges he invested and invested and invested $134-million in investor assets until there was nothing left....

Online Sports Video Stats

Some online sports video stats for this weekend's Masters golf tournament:For the first three days, [CBS Sportsline's] Amen Corner Live and Masters Extra nearly four million streams with an average time spent viewing of about three hours per visit. They...

Recognizing Genius: Rubber Bands and Dresser Drawers

Gene Weingarten has an interesting anecdote in the weekend Washington Post on how violinist Joshua Bell's parents recognized his talent at the very young age of 4:One biographically intriguing fact about Bell is that he got his first music lessons...

Busking, Distraction, and the Trouble with Value

Lovely Gene Weingarten piece in the weekend WashPost on whether one of the nation's great musicians -- violinist Joshua Bell -- can make any money busking incognito in a Washington subway at rush hour. Read the piece for the answer,...

Happiness in an Age of Abundance

Provocative (if somewhat purplish) essay at Cato on happiness in this age of abundance....

A Google Interview, NIH, and Why Google Wanted to Be Intuit

Fred at Wired's Epicenter blog has a useful "found" interview from 2005 with Google's Schmidt. Funniest part: How Google's BinPage were so pissed at Oracle install costs that they nearly wrote a Quicken killer. Luckily, I think, they surmounted their...

Larry Summers Speaking in San Diego

Economist, former Clinton economic advisor, and, oh yes, five-year Harvard president, Larry Summers will be speaking at the UC San Diego Economics Roundtable on April 30th. Should be fun.More here....

Euro Markets Worth More than U.S.; First Time Since WWII

European markets are worth more than U.S. markets, for the first time since WWII.[via NY Post]...

Sneak Peek at Weekend Reading

Here is a sneak peek at some links from my weekly Weekend Reading over at TheStreet/RealMoney:Job losses in mortgages, real estate, and construction are up 346% year-over-year (L.A. Times) Profile of Bloomberg, the company, puts its value at $20-billion (Fortune)...

Sam Zell Wrongly Blames Google for News's Troubles

JasonC has a nice catch of a major Google ouch-quote by Sam Zell, who just paid billions for "a bunch of newspapers":"If all of the newspapers in America did not allow Google to stealtheir content, how profitable would Google be?"...

U.S. Online Travel Sales Showing Strong Growth

There is still strong growth in U.S. online consumer travel sales market, thus explaining the continuing VC and entrepreneur fascination with the category. I ran into three early-stage services in this area at ETech, one of which is about to...

Still Gone Fishing

A few people have sent worried IMs, etc., so I'll just reconfirm what I said earlier: I'm out on spring break holidays this week with my family. No email, minimal posting here. Lots of crazy made-up games and made-up stories...

Google Just Killed the U.S. Directory Assistance Business

With its newly (quasi-)released Google Voice Local Search, Google just killed the directory assistance business in the U.S. Okay, maybe not killed outright, and the business was in decline anyway, but who in their right mind would pay for a...

Lifestyles of the ARM-ed and Dangerous

My friend Herb has sparked a great discussion on his blog among people assisting on tax preparation, financial planning, and generally saving the ARM-ed and dangerous from themselves. In other words, the discussion is mostly about people with moderate assets...

U.S. Home Prices as a Rollercoaster Ride

Various people have pointed me to this, Lloyd most recently, so here is a truly stomach-churning way of looking at trends in U.S. home prices: A rollercoaster ride on the data....

My Maps at Google: Is Google Doing a Microsoft?

The new My Maps feature at Google -- you can annotate and create your own customized maps -- is slick, and something I was recently looking for. But the niftiest aspect of the new feature is how Google has integrated...

TEDTalks Go Glorioski 480p

Whoa, TEDTalks have gone glorioski 480p! The latest talks showing from the TED conference showing up on the website are in deliriously rich, relatively speaking, 480p HD resolution, making them a gift to folks with Apple TV and the like....

Hacking the Venture Business

My friends Nivi and Naval have a great new site for entrepreneurs with tips for "hacking" venture capital. While the business is already in enough trouble on its own, I'm always fond of kicking irritating people when they're down --...

Semiconductors vs Alfalfa: Water Markets in the West

Absolutely fascinating new paper out looking at water markets, scarcity, and trading in the U.S. West. Recall that agriculture uses 80% of the water in the West, and pays a horribly skewed price, one that encourages much waste and misallocation....

White-Label Dabble DB

Avi and Andrew at Dabble DB have taken an unsurprisingly idiosyncratic (and smart) approach to producing a white-label version of their data service. They sample your uploaded logo to create an appropriately colorized  version of your DDB site. Very cool.Read...

The Trouble with Apple/EMI/YouTube/Viacom/DRM/etc.

"D-arm? What's that?"    - Someone confusedly asking me about DRM after my appearance on CNBC yesterday"[I sense] a great disturbance in the Force, as if millions of voices cried out in terror and were suddenly silenced."- Obi-Wan Kenobi, in Star...

Fun with Comscore's IPO Filing

Online media measurement firm ComScore has filed to go public. Its S-1 is here, and it's useful reading. Among other things, we learn that the firm has grown revenues from $23m to $66m since 2003, an impressive 42% compound growth,...

Mercer's Top Cities Worldwide by Quality of Life

Mercer has out its annual list of the top cities worldwide, ranked by quality of life. From a quick glance, not much has changed from last year, with Canada and Switzerland leading the way, the U.S. entirely absent (which I'm...

Outlier ETech-er and Keyboard Caloric Consumption

I'm not sure who it was, but last week at the ETech conference I had someone sitting one row in front of me who was an absolute outlier in terms of multitasking laptop use. Simultaneously, and in the space of...

Online Ads Offer Best ROI

According to a recent survey by TV Guide/AdAge, advertisers think online offers the best ROI of all media. That's fascinating, and while not necessarily surprising, more enlightened than I had expected.[via AdAge]...

Google's Echostar Deal: Ads as Analytics Loss-Leaders

Frankly, the least interesting part of Google's television ad deal with Echostar is the AdWords/auction aspect. Instead, the real deal that will get major advertisers to change TV ad platforms is the quasi-realtime analytics. Advertisers, post-Googstar, will be able to...

Self-Toasting Toaster Oven

Excitement at Kedrosky Central earlier today while I was out firing golf balls at puzzled and (until then) snoozing lizards: We had a DeLonghi toaster oven decided to toast itself, no food required. Electrical fire, smoke billowed out, bad smells...

Gone Kinda Fishing

Just fyi: My older son has the week off from school, and we have family with us, so I'm mostly "gone fishing" this week. In other words, while I'm around -- and did a CNBC spot yesterday (on Apple/EMI) --...

The Trouble with Meteoric Rises

Good comment on "meteoric rises" over at the British Medical Journal. The topic is drug trials:The next trial carries the acronym METEOR from the initials of Measuring Effects on Intima-Media Thickness: an Evaluation of Rosuvastatin – MEOIMTAEOR. Mmmm. I have...

EMI is Buying Market Share

Funny that so few Apple fan-boys are pointing out the obvious in praising Apple's DRM-free deal with EMI. The latter company is an also-ran in physical and digital music, with something like 9.4% share. Dropping DRM and thereby increasing piracy...

Venture-Backed IPOs on the Upswing

There is new data today from VentureOne on venture-backed IPOs and M&A. The upswing continues:Thirteen (13) U.S. headquartered venture-backed companies completed initial public offerings (IPOs) in the first quarter, raising $1.20 billion, double the aggregate amount raised a year ago...

Non-Apple News: Supremes Go Green

In what can only be called stunning news, the Supreme Court ruled 5-4 today that states and environmental groups can sue the EPA over its unwillingness to regulate greenhouse-gas-causing auto emissions. Justices Scalia, Thomas, Alito, and Roberts have written a...

Compete Goes Live with Time/Attention Data

Compete continues to innovate speedily in the online media measurement market. In a release today the company helps crack the traffic code in combining page view models and attention-based models to come up with a synthesis of the two for...

Apple and EMI: No Strings Attached?

Apple's deal with EMI for DRM-free music this morning should come as little surprise, as the discussions had been rumored for some time, and EMI has made it clear it has been considering the move. Last I looked Apple's shares...

Google vs Microsoft in Doubleclick Bidding War

The WSJ is reporting tonight that Google has joined Microsoft in the bidding war for online ad service Doubleclick. This should come as no surprise, but if, as the WSJ suggests, Microsoft allows Google to outbid it again, the result...

Dapper Troubles

Anyone out there actually had any success getting Dapper to work properly on creating working data feeds from real & useful sites? If so, ping me. I'm 0-for-5 or so....

Video Games, IPOs, Timberlands, AFF, and the Post-Ad Age

Some things that didn't make my Weekend Reading column:Video-game makers are launching an assault on the music business (NY Post)The U.S. IPO business grew by 18% to $12b in Q1 (CBSMW)U.S. timberlands are increasingly sought after by private investors, with...

Sneak Peek at Weekend Reading

Here is a sneak peek at some of the links from my weekly Weekend Reading column over at the TheStreet/RealMoney:New U.S. duties on Chinese coated paper could be first salvo in a trade war (Reuters)New arms race: China now sees...