Good morning
The headlines:
- RIM’s hope for recovery.
Link: The tail of two fruit.
So there’s the near-mythical story about Apple in 1997 when it was 90 days away from being eaten by the bankruptcy dragon and Steve Jobs rode in on an iPod stand and vanquished the old operating system with a new one.
The trouble with hoping that RIM will repeat that success story: it’s the kind of event that only happens once in a lifetime. Steve Job’s lifetime, specifically. And Apple hasn’t gotten round to inventing reincarnation yet, which is a bit of a poor show on their part, but a fact, nonetheless.
Current RIM CEO Thorsten Heins says that the upcoming transformation will surprise us.
By that, I assume he means that it will surprise us if it happens?
- Zynga’s sales lower than expected.
Link: well there’s a surprise.
Uh no. How many times can you throw a sheep at someone on Facebook before it all gets horribly clichéd? I mean, I for one can’t remember the last time I played a game on Facebook.
Which is because I’ve never played a game on Facebook.
Some analysts are saying that Zynga “is beginning to look like a fad”. I’m tempted to agree: but then again, a company that pulls in over $1 billion a year from online facebook sounds more like a super-fad. I guess that, as our social interaction becomes more virtual than physical, online games will be here to stay. I mean, you can only post on so many walls before you start to think about doing something else.
My money is on Zynga eventually morphing into a giant online facebook casino.
Pun intended.
- The Senate passes new tax cut extensions.
Link: WHAT is going on?
Now it has to go back to the House of Representatives? Or the House of Representatives are voting on their own bill? So confused.
Anyway – the Democrat Senate is trying to pass an extension of the tax cuts for the lower class – but only for the lower classes.
But under US law, any tax bills have to originate in the House of Representatives. Which makes this a useless piece of legislation.
To summarise: the stalemate continues.
- London Metal Exchange shareholders vote in favour of takeover.
Link: The rise of the Hong Kong Exchange.
The $2.2 billion take-over by the HKEx is going ahead, it seems.
The LME handles about 80% of the world’s industrial metal futures. Which is hectic – because if you think about how dependent we are on metal in general…
Rise of the Chinese Overlords?
That’s all for now.
Have a good day.
