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The Case That Apple Should Buy Nokia

Colin Smith Wow, the ignorance is breathtaking (286 comments)

Slashdot is full of blowhards these days.

It's been clear since the 9210 that mobile phones would replace the desktop, maybe not in every respect but most of them. Anyone with half a brain has been watching the mobile space closely. That seems to exclude most of Slashdot though, why don't know this stuff, what's wrong with you?

Nokia is the 2nd largest phone manufacturer on the planet, marginally behind Samsung. Apple is trailing a long way off in the distance.

Their new generation of smartphones are about two years ahead of the competition, maybe three years ahead of Apple. You'll see the features from the Lumia 920 in the iPhone 7 or 8 if you're lucky, but looking at the iPhone 5 vs 4s, I frankly doubt it.

They have turned their S40 "dumb" phones into smartphones, of which they're selling 70 million a quarter at less than 1/5th the price of an iPhone and making a profit doing it.

They are one of the biggest mapping companies as well, rivalling or surpassing Google but nobody here had a god damned clue. It's come as a total surprise to everybody.

Apple don't have 100 billion in cash; they have it invested in the markets and should Apple attempt to buy Nokia, it's likely their market capitalisation would double or more so they're never going to get the company for the current price. Should MSFT attempt to buy Nokia OTOH, someone will be going to prison. Putting it clearly, Nokia's market cap is currently priced for bankruptcy despite the fact that only the smartphone division is now losing money and while Q3 is probably going to suck due to their announcement timing, as I pointed out anyone who's looked at recent reviews anywhere, their new stuff is noticeably ahead of all the competition and due out next month.

So, I hope you're happy fondling the APPL stock you bought at $700, the hedge funds will send you a thank you card for your support I'm sure in due course. I am of course talking my book with NOK that I bought when the world was ending, as it does so often.

more than 2 years ago
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Apple CEO Tim Cook Apologizes For Maps App, Recommends Alternatives

Colin Smith Re:Where's Steve? (451 comments)

Actually this explains quite a lot. If you don't spend money on R&D you make a bundle and produce iCrap.

more than 2 years ago
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Apple CEO Tim Cook Apologizes For Maps App, Recommends Alternatives

Colin Smith You don't make 50% margin by spending money (451 comments)

"They should have either been investing more on a better solution of their own"

Look... Why do you think the iPhone 5 is identical to the iPhone 4?
Why do you think Apple even had to talk about how the iPhone 5 was produced at all? Nobody cares how a phone is manufactured. They had to talk about how difficult and anal it was to produce because nothing else changed. The device is functionally and in design, identical to the iPhone 4.
Why do you think iOS 6 is identical to previous version?

Why do you think nothing changed? Nothing changed so that Apple can make 50% margin on their phones. You take more money in but don't spend money. It's how you get 100 billion in the bank. It's great business as long as nobody notices. The point being you are sacrificing the future at the expense of today and people do start to notice.

They start to notice that Samsung have more power and a bigger brighter screen, Google have better maps, they notice that Nokia have wireless charging, next generation cameras, nfc, better screens, higher quality offline maps, better design and ironically, a better easier to use interface.

Eventually people start asking if the 50% margin going to the hedge funds is worth what's being paid.

more than 2 years ago
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Apple CEO Tim Cook Apologizes For Maps App, Recommends Alternatives

Colin Smith You know how long it took Google and Nokia? (451 comments)

Apple users are saying, "we'll get that fixed next time."

Apple iPhone users have no idea what they're talking about.

Fixing a buggy application can be done in a point release of software. The app is irrelevant, everybody, their dog and their dog's fleas have map reading software. What they don't have is good data. Why? It's expensive.

Fixing terabytes to petabytes of poor data is an entirely different matter from upgrading a map reading application. There are really only 2 companies with good data. Google and Nokia. Both have been buying, assembling, collecting POI data and updating and fixing base map data for years.

To fix this Apple are probably going to have to spend a fortune on large amounts of data, infrastructure to handle it, thousands of people to manage and check it. Both, expensive and slow. Then there's the weird melting 3D world that's going to have to change entirely. They'll have to decide if it's worth doing it properly or if they still think they can do it on the cheap.

Looking at what they have right now, it absolutely will not be "fixed next time".

more than 2 years ago
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Apple CEO Tim Cook Apologizes For Maps App, Recommends Alternatives

Colin Smith Bing and MapQuest are Nokia based (451 comments)

So what he effectively said was why not try Nokia, Nokia, Waze, Google and Nokia instead.
 

more than 2 years ago
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Why Apple Replaced iOS Maps

Colin Smith *Nokia* is the other mapping giant (561 comments)

http://en.wikipedia.org/wiki/Comparison_of_web_map_services

People forget they bought Navteq in 2007. Wonder why they did that now...

Yahoo maps: Nokia
Garmin: Nokia data
Mapquest: Nokia data
Navigon: Nokia data
Onstar: Nokia data
Amazon: Nokia maps
Microsoft Bing maps: See the Nokia logo at the bottom?
Pretty much every in car system on the planet uses Nokia data.

The list just goes on and on. But why would a ***mobile*** phone company care? Did you notice I highlighted the word "mobile"?

Now look at their new phones, the 920 now has "citylens" which is first generation augmented reality. You can use it to "see through" buildings to find things nearby. They added Nokia Transport public transport and Nokia Drive turn by turn navigation. Their music app gives you nearby gigs.

Nokia phones are going to be *highly* context aware, with superb 2D & 3D data and superb POIs. Google's the only other company which is even close with respect to mapping on mobiles. As you've seen

http://theamazingios6maps.tumblr.com/

Apple Maps is now *years* (longer) behind in terms of data, they have a vast area to cover. They totally blew it when they told Google to go take a running jump.

What I find amusing is that Apple have a hundred billion dollars that they have no idea what to do with. Looks like they're now going to have to try and hire thousands of Nokia and Google map experts (and no, we're not just talking about software developers, they are ten a penny in comparison).

more than 2 years ago
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Sale of IPv4 Addresses Hindering IPv6 Adoption

Colin Smith It's not a problem. (214 comments)

I've seen vines, ipxspx, osi etc fall by the wayside.

Really. Nobody cares about ipv6. It's not a problem, people like you are a bigger problem.

more than 2 years ago
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IEEE Spectrum Digs Into the Future of Money

Colin Smith Why do they want to get rid of cash? (292 comments)

The nature of a bank you see is to make their credit seem as good as cash. Spend it here, spend it there, spend it everywhere.

For example, you go to your bank and deposit $100. (It is legally a loan to the bank.)
The bank takes your $100 and notes in your account $100 of credit....

Did you see what just happened? The money supply increased. There is now $100 of cash which the bank can loan out and $100 worth of credit in your account to spend. The bank just created money out of thin air. Interestingly, not US dollars. This is just bank credit which represents dollars. By using credit to pay for things you are using a completely private money created by your bank.

This is why banks are heavily regulated compared to for example paypal, they manipulate the money supply. It's why they are orders of magnitude more dangerous than paypal no matter how much you may dislike them.

So. There are some regulations, banks have to retain a certain amount of money as reserve in case people ask for their money back. Around 10% in the US. In fact they could only loan out $90. Not what happens in reality mind you. They loan first and find reserves later in reality. You may note that this means they don't have your money in their vaults, they loaned it out. It also means that they can only ever pay back 10% of their depositors, in the event of a bank run 90% are going to lose out. It's why there are bank runs the first place, you have to be at the head of the queue to get any money back.

Now, the more people depend on credit rather than cash, the lower the reserve ratio can be pushed, and the higher the leverage can be pushed. In Europe, the reserve ratios are discretionary and in reality between 30 (3%) and 50:1 (2%). If nobody ever used cash, in theory the reserve could be 0 and the reserve ratio could be infinite... i.e. banks could create as much money as they wanted, they could leverage up as far as the eye can see.

This is the real reason for the constant push for credit cards, debit cards... Always trying to get rid of cash. Cash limits their ability to create money.

You would like to own a money tree? All a banker needs is a book of accounts and a pen. All this talk of counterfeiting is complete rubbish, banks already create far more credit money than there is cash. In fact orders of magnitude more. The UK: 30 times more. EU 50 times more. Only a tiny percentage of our money is cash by now.

more than 2 years ago
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Facebook Shares Retreat Below IPO Price

Colin Smith JPM made use of 160 billion worth of Fed loans (471 comments)

They were desperate for it. Just like the rest.

I'm all for hating the banks, let's just hate the right banks.

All bankers are parasites.

Hope This Helps with your understanding of the nature of banking.

more than 2 years ago
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Facebook Shares Retreat Below IPO Price

Colin Smith Banks are welfare leaches. (471 comments)

Goldman Sachs, Morgan Stanley, JP Morgan, Citi are at the top of the list of banks making use of Federal Reserve loan facilities. If they are and were so healthy why are they at the top of the list of heavy users?

http://projects.propublica.org/tables/treasury-facilities-loans

The simple truth is they did need the money and would have failed as spectacularly as Bear Stearns and Lehman without it. I'll just point out that the Federal Reserve was created for exactly the purpose of transferring risk to taxpayers by exactly the banks who made most use of it.

Oh and JP Morgan did everyone a favour for taking Bear Stearns over a $2 a share, financed again by the Federal Reserve? Oh please.

more than 2 years ago
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Golden Age of Silicon Valley Is Over With Facebook IPO

Colin Smith What Facebook IPO? (222 comments)

Morgan Stanley had to buy back all the stock to prevent it turning from Facebook into Faceplant. They'll have to sell it all over again.

more than 2 years ago
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Ask Slashdot: At What Point Has a Kickstarter Project Failed?

Colin Smith Prizes, not funding. (247 comments)

1. Give them the money concept: The first people to completely meet the requirements get all the money plus interest. I would expect the goal to be some sort of working prototype for whatever it is they want to fund.

2. Invest the money in their company concept: The first people to meet the requirements get all the money plus interest in exchange for a minority stake of non voting stock. This is how to encourage people to hand their "crowdsourced" money over.

i.e. They have to already have something more than an idea, to get the cash. Ideas are worthless, everyone and their dog has The Great Idea. The global supply of ideas is huge. The supply of people taking it beyond that and doing something with it is scarce and that is what is worth funding.

more than 2 years ago
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UK Proposing Real-Time Monitoring of All Communications

Colin Smith Re:Nah it's simpler than that (145 comments)

What about linux? ;) You are now a terrorist if you have linux or some other operating system.

Good point! Apple and Microsoft will be happy to fund the legislation.

more than 2 years ago
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NOAA Study: Radiation From Fukushima Very Dilluted, Seafood Safe

Colin Smith With the implicit assumption (267 comments)

That the pollution will mix and spread out evenly over the ocean... That really depends on mixing effectiveness.

more than 2 years ago

Submissions

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Dean Kamen combines Stirling with electric

Colin Smith Colin Smith writes  |  more than 6 years ago

Colin Smith (2679) writes "Dean Kamen, (inventor of the Segway) has combined a Stirling engine with a battery electric vehicle based on the Ford Think to provide a fully decoupled electric hybrid car which can run on any fuel which can provide enough heat to run the Stirling generator.

Ford Think:
Top speed: 55mph
0-30: 6.5 seconds
Range: 60 miles on battery

http://www.unionleader.com/article.aspx?articleId=1b081989-f67b-458e-8e42-913c8568fb36

Think are also producing a purely battery "Think City" car which is capable of 62mph and with a range of 126miles.
 "

Link to Original Source
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Outsourcing the Law to India

Colin Smith Colin Smith writes  |  more than 6 years ago

Colin Smith (2679) writes "IT workers have had to face outsourcing and offshoring of skills and employment for most of the past decade. Indians are just as good and (currently) still very much cheaper than western employees.

The next stage of offshoring is beginning. The IT infrastructure is already in place to allow the offshoring of other knowledge based disciplines, beginning with some of the most expensive sectors in terms of fees; Lawyers.

http://news.bbc.co.uk/1/hi/world/south_asia/7713814.stm

Beyond lawyers, there is no reason that other knowledge based business functions cannot also be offshored. There is no reason that the highly educated and intelligent Indian management sector couldn't make substantial inroads into the size and cost of middle and upper management in multinational western corporations."
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The London Stock Exchange goes down for whole day

Colin Smith Colin Smith writes  |  more than 6 years ago

Colin Smith (2679) writes "Yikes!

TradElect... The Microsoft .Net based trading platform for the London Stock Exchange was offline all day, meaning that their 5 nines SLAs are shot for approximately the next 100 years.

http://www.reuters.com/article/ousiv/idUSL01084620080908

http://www.londonstockexchange.com/en-gb/products/membershiptrading/tradingservices/Incident/LIVE

http://www.onwindows.com/Articles/LSE-TradElect-system-goes-live/843/Default.aspx

It really doesn't get much more expensive than that. Well, at least nobody died.

 "
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The human race is likely to split into two races

Colin Smith Colin Smith writes  |  more than 7 years ago

Colin Smith (2679) writes "
Humanity may split into two sub-species in 100,000 years' time as predicted by HG Wells, an expert has said. Evolutionary theorist Oliver Curry of the London School of Economics expects a genetic upper class and a dim-witted underclass to emerge.


http://news.bbc.co.uk/1/hi/uk/6057734.stm

Presumably most Slashdot readers are already in the process of evolving into Morlocks."
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Coppola loses all his data

Colin Smith Colin Smith writes  |  more than 7 years ago

Colin Smith (2679) writes "This is really an object lesson in backup methodology.

Film director Francis Ford Coppola has appealed for the return of his computer backup device following a robbery at his house in Argentina on Wednesday. He told Argentine broadcaster Todo Noticias he had lost 15 years' worth of data, including writing and photographs of his family.


http://news.bbc.co.uk/1/hi/entertainment/7019644.stm

Once you have backed everything up... Take it somewhere else!"
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DARPA Urban Challenge - self driving vehicles

Colin Smith Colin Smith writes  |  more than 7 years ago

Colin Smith (2679) writes "The DARPA Urban Challenge L.A. to Vegas race is heating up. Qualification is due in October for the November 3rd race.

"On a quiet university campus across the water from San Francisco, an enthusiastic bunch of young computer boffins are working on what could be the car of the future."

http://news.bbc.co.uk/1/hi/magazine/6906162.stm

Here's a question though. If cars can drive themselves, why would I bother to own one? Why not just call one when required, like a taxi. The primary cost of a taxi ride is the driver's wage, without that a taxi ride would be cheaper than a bus or train ride. Ironically this may sound the death knell for the taxi, rail, bus and large scale car industries world wide.
 "
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The National Archives dance with the devil

Colin Smith Colin Smith writes  |  more than 7 years ago

Colin Smith (2679) writes "The chief executive of the UK National Archives has declared that proprietary file formats are a "ticking timebomb". I has been clear to IT professionals for decades years that reading old formats gets more and more difficult with every passing year.

However, in a bizarre move, the National Archives are partnering with Microsoft, the primary proponent of proprietary formats to try to solve the problem.

http://news.bbc.co.uk/1/hi/technology/6265976.stm

In an amazing display of unctuousness, the head of Microsoft UK, Gordon Frazer "warned of a looming digital dark age".

You couldn't make this stuff up.
 "
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Colin Smith Colin Smith writes  |  more than 7 years ago

Colin Smith (2679) writes "A Swiss fellow named Yves Rossy has invented a jetpack. It is made of 3m carbon fibre wings and powered by four small gas turbine jet engines typically used by the radio controlled model fraternity. Crucially, the pilot can ascend and fly level at up to 200kph as well as descend. Control of the jetpack is achieved through small body movements much like a bird.

The next version of the jetpack is planned to have take off, longer flight time and aerobatic capabilities."
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Colin Smith Colin Smith writes  |  more than 8 years ago

Colin Smith (2679) writes "
Business leaders have warned that India's information technology (IT) industry is heading towards a severe shortage of highly-skilled manpower.


http://news.bbc.co.uk/1/hi/world/south_asia/6124 872.stm

India has hit the limit of IT skills in it's job market, which means even higher wage inflation in the sector. Currently about 1/7th of the pay of a US software engineer, those Indian engineers willing to change positions can expect to see a significant increase in pay over the next few years as demand far outstrips the job market's ability to supply developers."
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Colin Smith Colin Smith writes  |  more than 8 years ago

Colin Smith (2679) writes "The UK's information commissioner says there are now 4.2 million CCTV cameras operating in the UK, the average person is caught 300 times per day on the cameras. That's now one camera for every 14 people.
In addition to the cameras, the use of mobile phone location, keystroke logging at work, commercial transaction monitoring are all turning the UK into a surveillance society.

http://news.bbc.co.uk/1/hi/uk/6108496.stm

Ironically, the massive increase in the numbers of cameras over the last 10 years and ubiquitous monitoring don't seem to have had a particularly significant effect on levels of crime.

http://www.crimestatistics.org.uk/output/Page6.asp

 "
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Colin Smith Colin Smith writes  |  more than 8 years ago

Colin Smith writes "With the reducing cost of bandwidth and the ubiquity of connectivity it makes more and more sense to avoid support costs and complications for small businesses by migrating key applications to centralised data centres.


In an economically inevitable move, which has huge implications for I.T. firms, Google have decided to provide paid for advert free applications.

 "

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