Sunday, November 18, 2007

Tata Eka World’s Fourth Fastest Computer Puts India on Forefront

EKA, The Supercomputer developed by Tata's Pune based Computational Research Laboratories, has been ranked the world's fourth fastest and fastest in Asia. This information was disclosed in the 30th Top500 Supercomputer list. Its a proud moment for India and us Indians as its the first time such system from India has made it to the Top 10

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India Breaks Into Supercomputing Elite

Tata, the tea-to-cars conglomerate comes in at number four in the supercomputing league as America’s dominance fades…

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Inbox 2.0 Makes Me Sad

Saul Hansell at the The New York Times is reporting that both Yahoo and Google are planning to use their email services as the core of their social networking strategy over time.Of course, by social network, they mean Facebook and MySpace. Not the already vibrant social networking that already goes on daily via my email inbox…no, we’re talking

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Hidden GMail Feature Lets You Search by Language

A post about a hidden Gmail operator that lets you restrict your messages to a certain language.

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AT&T Considers Joining Google's Wireless Group

'AT&T has talked with Google about joining its mobile-phone software alliance. The phone company is "analyzing the situation" and may use Google's software for phones, Ralph de la Vega, chief executive officer of the wireless unit, said in an interview Friday."

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EU probes Google-DoubleClick deal

Regulators will look into whether the $3.1 billion acquisition raises anti-competitive concerns. Again EU ?

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Google offers API for Outlook migration to Gmail

Google took a giant step on Friday to make it easier for companies to migrate any e-mail system over to Google Apps Gmail by offering an E-mail Migration API targeted at corporate developers and e-mail administrators. Find the API details here: http://code.google.com/apis/apps/email_migration/developers_guide_protocol.htm

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Sunday, October 28, 2007

How Warren Buffet made his billions

How Warren Buffet made his billWarren Buffett is a man who has made millions but he also started working at his father's brokerage when he was 11 years old, that's an age when most other kids were playing hide-n-seek and didn't know how to spell 'brokerage'.
This financial wizard is by recent estimates, worth $46 billion but how he got there is the fascinating story.
It all began in the family grocery store back in Omaha. Buffett's great grandfather started the store in 1869 and it was in the Buffet family until 1969, till his uncle finally retired. But it's at this store, where he began going around his neighbourhood selling gum. This was before his stint at his father's firm.
Warren Buffett told CNBC's Liz Claman, "My grandfather would sell me Wrigley's chewing gum and I would go door to door around my neighbourhood selling it. He also sold me six Coca Cola for a quarter and I would sell it for a nickel each in the neighbourhood, so I made a small profit. I was always trying to do something like this."
From small beginnings come bigger things and so after selling gum, soft drinks and working with his father, by age 14, he had bought a 40 acres farm in Washington, Thurston County.
But he confesses that he never enjoyed the farm as much as he enjoyed investing in stocks. But the first stock he bought was "Citi Service preferred stock. I had three shares and made all of $5 on it. I had bought it at $38.25 and then I sold it around $40, it went down to $27 in between and after I sold it at $40, it went to $200!"
From that poorly timed stock sale in 1944, he learnt a lesson that became his legendary investment strategy - which is essentially - patience pays, so buy them and hold them. He figured out two other critical things about himself in the 1940s - what he is good at and what he likes to do.
This pivotal moment in his journey came in 1956, when he was just 25 years old. This man who was rejected by Harvard and now armed with contributions from family and friends and $100 of his own money starts a limited partnership with seven people.
Over the next nine years, Buffett turned a $105,000 into $26 million - a stunning 24,000 per cent increase! He had invested mostly in textile companies, farm equipment manufacturers and even a company making windmills.
Thirteen years later, Buffett forms another partnership that becomes one of the greatest teams in the history of investing. He convinces longtime friend Charlie Munger to quit his investment partnership to join Buffett as his Vice President of Berkshire Hathaway.
And now with the 82-year-old Munger, Buffett sits on top of the greatest holding companies ever.
So, it's understandable that this man is looked up to for investment and business advice all the time. But what's the secret gift he's got? How does he pick the right investments all the time? He explains, "I look for something that I can understand to start with, there are all kinds of businesses I don't understand."
"I don't understand what car companies are going to do 10 years from now, or what software or chemical companies are going to win/do ten years from now but I do understand that Snickers bars will be the number one candy company in the US - like its been for 40 years. So, I look for durable competitive advantage and that is hard to find. I look for an honest and able management and I look for the price I'm going to pay."
While Buffett's big acquisitions have made headlines; wise investments in companies like Coco Cola, the Washington Post and Gillette have provided the capital to make those acquisitions possible. Since taking control of Berkshire in 1964, the company has acquired 68 subsidiaries. In March of 1964, Berkshire acquired its first insurance company National Indemnity.
In 1972, See's Candies for $25 million, in September of 1983, Nebraska Furniture Mart and Borhseim's in 1989. In 1998, Berkshire acquired Dairy Queen and Geico in January, Net Jets in August and General Re Corp in December. In April of 2002, Fruit of the Loom and most recently Buffett is looking abroad for new business.
Recently, he bought 80 per cent of the Israeli Metal Works Company and he did it without even seeing it. He was approached by the promoter via a letter and what was in that letter convinced him that 'this was the kind of the person I wanted to do business with and it is the kind of business we wanted to own.' How does this 'daring bit of investment fit in with his usual careful way of investing?
He explains, "I had to size up the business but that's a background of being in stocks. If you put your whole net worth in stocks when you are 20-21 years old - you have not visited the businesses but you are really analyzing their financials, you are trying to assess whether they have durable competitive advantage, assess the quality of the management and the integrity of the management and then you try to figure out whether you are buying it at a reasonable price and that's it, that is all we do."
He's never had anything lacking - his acute business brain has made him a lot of money. He also feels that the youth of today are living better than John D Rockefeller. His own style remains the same - he lives in the same house for 48 years, carries no cellphone, has no computer on his office desk, does not move around with an entourage.
As he puts it, "I have had everything I wanted all my life. At 20, I was having the time of my life doing what I did. Today, I'm eating the same things I always eat - burghers, fries and cherry coke. Only my clothes are more expensive now but they look cheap when I put them on!"
At 76, he married his long-time companion, Astrid Menks at a low-key ceremony at his daughter Susan's house. He is also amazingly healthy for someone on a burghers-coke diet. He's also surprisingly down to earth. He moves around freely unencumbered by a security detail. He does have a few guards with him during the annual shareholders meeting but he says he doesn't feel the need to put himself in a cocoon.
Which probably explains, why he wasn't nervous about visiting a factory in Israel, which is close to the Lebanese border. He says of that visit, "Our plant there is about 8-10 miles from the Lebanese border and there were maybe a rocket or two that hit the parking lot or something like that but it can be dangerous being in this (US) country as well."
Buffett is comfortable in Omaha in part because people leave him alone with the exception of a random fan or two. This billionaire doesn't even have a chauffeur - he drives himself around in a 2006 Cadillac DTS, recently purchased after he auctioned off his old Lincoln Town Car, which was famous for its Thrifty license plate. And no, he does not want a yacht or many mansions. He just wants to be left alone to enjoy a good football game in his sweatsuit on a big screen television - with popcorn.
It's really no surprise that America's most prominent investor chooses to live far from the nation's wealthy-elite in New York, Los Angeles, Chicago and Miami. He says that when he was in New York, he had about a 100 ideas about where to invest but it was over-stimulation.
In Omaha, he needs one good idea in a year and he feels he can think better and with less distraction. He feels there is a sense of community in living there.
His investing theories have been talked about ad nauseum by almost every business/finance writer and is a cottage industry all by itself.
But one he finds closest to reflecting his views is a book written by Larry Cunningham - 'The Essays of Warren Buffett - Lessons for Corporate America' is required reading in a one of a kind course start at the University of Missouri School of Business.
The course is called Investment Strategies of Warren Buffett. It turns up Buffett is hot on campus too. The class now in its eighth year and is the brainchild of Buffett's friend Harvey Eisen.
Harvey Eisen recalls, "This course is a breakthrough in terms of reality meeting academics. I said why don't we have a course like this and the academics scratched their head and said 'well we don't' and I said 'why don't we' and then we got it done."
Dean of the University of Missouri School of Business Bruce Walker bought the idea. He says, "We want our students to be exposed to many different approaches to investing."
The Buffett playbook is taught, analysed and written about but it is best summed up like this.
Harvey Eisen explains it, "Number one - Don't lose the money and number two - don't forget rule number 1! Number three - look for unique companies that are hard to replicate - he calls that a moat around the business. Number four - he talks about the circle of competence, which means in simple English, do what you know.
"Everybody in the stock market knows about the economy or about the Federal Reserve. Warren focuses on what he knows and he has made enormous successes at that."
He does not want his managers to report in at any committee meeting of any kind and he lets them get on with the business of running their businesses. But there is one thing he requires of each CEO. Buffett says, "I asked them to send me a letter, that I would keep in a private place that will tell me what to do tomorrow morning, if they are not alive in terms of their successor."
But what about his own successor? He says, "The succession plan is very simple. Our board met a few days ago and we talked about that every in single meeting and we have at least three people inside Berkshire, who in many respects will do my job better than I do. I can't give you the names but the board knows which one of those three they would pick, if something happened to me."
Warren Buffett has also
given away $31 billion of his fortune to the Bill & Melinda Gates Foundation and he 'hopes it will accomplish just what they have set out to accomplish. I have observed their Foundation very carefully and Bill & Melinda decided initially they were spending about a billion a year. They have decided they were going to try and figure how they are going to save most lives, relieve the most human suffering.'Ultimately, that's what money is really meant for, isn't it?ions

Sunday, October 07, 2007

Intel's x86 ISA grows down: today laptops, tomorrow the iPhone

In 2008, Intel turns the 45nm corner with a pair of ultramobile platforms that will take the x86 ISA where it has never gone before: into pockets and purses. Here's a look at what's next for the ISA that just won't die.

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The 20 Most Popular Sites for Bargain Hunters

Smart on line shoppers know that there can be a wide divergence in price between the same products from one e-tailer to the next, so in order to obtain the best deal you need to know where the bargains are. To that end, we have provide you with the Top 20 Most Popular Sites for Bargain Hunters ranked by 5 traffic data sources.

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$8.5-Million NYC Penthouse is Gadget Lovers Paradise

If you thought your pad was a gadget lovers paradise, then check out this $8.5-million penthouse, located in NYC, overlooking Central Park.

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Tuesday, September 18, 2007

Saturday, September 15, 2007

HTC May Develop Google Phone

Google should be launching its mobile phone sometime in 2008

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Reliance group, the true wealth creator

?Reliance? Industries is literally sticking to the meaning of the word ?reliance?, dependable as it has created immense wealth for its investors on consistent basis. All the companies in Reliance group (except Rel Comm and Reliance Industrial Infra), be it Mukesh Ambani?s camp or Anil Dhirubhai Ambani?s group (ADAG), hit all time high.

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Sunday, September 02, 2007

Forget iPhone, the Gphone is इन India

Forget iPhone, the Gphone is hereGoogle, the nearly $13.5 billion search engine major, is believed to be a fortnight away from the worldwide launch of its much-awaited Google Phone (Gphone) and has started talks with service providers in India for an exclusive launch on one of their networks.

Talks are believed to be taking place with Bharti Airtel [Get Quote] and Vodafone Essar, respectively India's first and third largest mobile telephony operators, and state-owned Bharat Sanchar Nigam.

Sources close to the development said a simultaneous launch across the US and Europe is expected, and announcements would be sent to media firms in India and other parts of the world. US regulatory approval, which is expected soon, is the only hurdle that Google is waiting to cross, they added. Google plans to invest $7-8 billion for its global telephony foray.

In India, it is also believed to be in talks with Indian providers to offer data and content and platforms including Instant Messaging (IM) and Search functions. However, these could not be confirmed.

A Google spokesperson said, "We don't comment on market rumour or speculation. However, Google is committed to providing users with access to the world's information, and mobile becomes more important to those efforts every day. We're collaborating with partners worldwide to bring Google search and applications to mobile users everywhere. However, we have nothing to announce at this time."

Reports of the Internet major getting into handset manufacturing as an answer to Apple's iPhone has been doing rounds in cyberspace and international media for some time. These reports suggest that Google has developed a prototype that will hit the markets in a year's time. The US-based company has neither confirmed nor denied these reports. The Wall Street Journal too had reported that Google had invested "hundreds of millions of dollars" in the project and was involved in discussions with US-based T-Mobile and Verizon Wireless.

Globally, Google is likely to participate in the upcoming auction for 700 MHz spectrum for which it is prepared to spend up to $4.6 billion. The firm is also introducing ads to YouTube videos which could be replicated on mobile phones. Ironically, Google recently partnered Apple to produce services such as e-mail and maps for its iPhone handset. And Eric Schmidt, Google's chief executive, said recently that more Google services for the iPhone would be rolled out.

This entry describes how a guy made a $500,000 profit on eBay

This entry describes how a guy took advantage of a listing typo to buy and resell an item on eBay for a $500,000+ profit.

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Friday, August 03, 2007

An Airtel Hack to get 1000 miuntes Airtel for just Rs.250

An Airtel Hack to get 1000 miuntes Airtel for just Rs.250

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First Flight of X-48B Blended Wing Body Aircraft Prototype

Here's a pic of the new X-48B, Boeing's Blended Wing Body research aircraft in flight for the first time. The prototype, developed by Boeing Phantom Works with cooperation from NASA and the U.S. Air Force Research Laboratory, flew for 31 minutes, reaching an altitude of 7,500 feet. Check the sexy gallery and jump for more details about the BWB.

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Professional bloggers could get journalist shield

A new bill protecting journalists from disclosing their sources in federal investigations has passed the House Judiciary Committee, and bloggers are included in the definition of "journalist." Well, assuming they make money.

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AT&T Wireless drops iPhone from main page

Rumors that Apple is wearing the pants a little too often in their iPhone relationship with AT&T have received a boost, now that the wireless carrier seems to have stopped promoting the pricey phone on their main page barely a month after its June 29th launch.

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Thursday, August 02, 2007

India Debuts Mobile TV Channel

Reliance Infocomm introduced a full-fledged English TV news channel on mobile phones in India Monday through its wireless carrier Reliance IndiaMobile.

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Monday, July 23, 2007

Broadband on DTH....Reliance and Airtel

Reliance and Airtel will serve broadband on there Dth Platform..........

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Friday, July 13, 2007

Make Free ISD and STD Calls with Airtel

The trick was to hack the Virtual Calling Card, that lets you make international calls from your mobile.Dial 1802103 from your mobile and you will hear a welcome message from airtel and an instruction to dial your 10 digit access number.These access number will be changed randomly.I succeeded using the number.......

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Airtel Offers GPS-based Navigation on 8800

Bharti Airtel has announced the launch of GPS based Navigation Application on Mobile handsets in collaboration with Wayfinder Systems AB of Sweden

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Sunday, July 08, 2007

The Actual and Most Important Use of Cellphones (Pic)

Where is this kids parents'?!

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The White Lies ISPs Tell About Broadband Speeds

In a recent PC Magazine article, writer Jeremy Kaplan did a fantastic job of exposing the true Internet access speeds of the large consumer providers. The results are surprising.

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Monday, July 02, 2007

Firebug for iPhone

"Trying to debug web pages on my iPhone transported me back to a dark place I hadn't been in some time: the Land of alert() Debugging! Within the first few hours I had sent my phone into its first infinite modal loop, from which the only escape was to power down the phone and reboot it."

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If an iPod costs $299, who gets that money?

Who makes the Apple iPod? Here’s a hint: It is not Apple. The company outsources the entire manufacture of the device to a number of Asian enterprises, among them Asustek, Inventec Appliances and Foxconn. But they only do final assembly. What about the 451 parts that go into the iPod? Where are they made and by whom?

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List of Nine Cool Things You Didn't Know You Could Do With Wikipedia

Wikipedia is great encyclopedia, but did you know you could also use it as a future planner, TV guide, zeitgeist trend tracker, and more?

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500,000 iPhones Sold This Weekend

With one of the most anticipated product launches of the year over, how did the iPhone do ?According to analyst, Blackfriars, which has been monitoring stores, claimed that sales should top 500,000 for the first weekend.

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Sunday, July 01, 2007

Sunday, June 10, 2007

Flowers


pink
Originally uploaded by tejal_18.

Flower

[ Sent from my mobile phone using the Flickr widget from www.bluepulse.com ]

Sunday, May 20, 2007

Thursday, May 10, 2007

Tips Page - Indian Stock Market Wikia - a Wikia wiki

Dealing in the share market is a job that should be done with great care. Though you have come up with careful approach there are chances for some pitfalls. The following are the tips that can guide beginners in the realm of Stocks and Shares.



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Google - search

Wikipedia is now rival of his friend google in the field of serch engine.



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Saturday, May 05, 2007

Monday, April 23, 2007