This forum gets no Love....

[Maggot]

So for kicks here's a song...........

[Maggot]

Watch it twice.

[username]

I want to sit on Conner's face if that helps.

[Duchess]

When you express your desire to him try to remember his name only has one N.

[HairOfTheDog]

The biggest IPO in history went down on the New York stock exchange when Alibaba, a Chinese integrated trading platform, stock went public this week.


Jack Ma's gotta be loving it. He's the Chinese creator/CEO of Alibaba. Interesting man who's now one of the richest in the world. He was an English teacher in China who failed a couple of university entrance exams, was introduced to the internet, and became fascinated. In 1999, from his apartment, he began work to turn his concepts into reality in China and is looking to expand Alibaba to Europe and the U.S.

More than two hours after trading began at the New York Stock Exchange, the stock opened at $92.70 and rose from there, hitting a high of $99.70 in active trading, during which more than 100 million shares change hands in composite trading in the first 10 minutes of trading.

The pricing on Thursday initially raised $21.8 billion for the Chinese e-commerce company. Scott Cutler, head of the New York Stock Exchange's global listing business, told CNBC that underwriters would exercise their option for an additional 48 million shares, to bring the IPO's size to about $25 billion, making it the largest IPO in history.

Alibaba is like a melding of eBaby, Amazon, and Paypal -- one shop stop between buyers and sellers with customer service and electronic payment.

The sale values the company at about $168 billion, more than American icons such as Walt Disney Co and Coca-Cola Co . Should the stock close at $98 on its first day, it would be worth about $241 billion, nearly the value of Wal-Mart Stores Inc.

About Alibaba: http://www.usatoday.com/story/money/mark.../15819803/

[Duchess]

How'd you like to be his employee. Cha-ching.

[username]

Jack Ma you say? That rings a bell.

[Duchess]

MUWAHAHAHAHA!

[thekid65]

Funny that quote in the picture coming from a Chinese person. They are some of the worst technology thieves/copiers in the world, along with India and South Korea.

[HairOfTheDog]

Funny that quote in the picture coming from a Chinese person. They are some of the worst technology thieves/copiers in the world, along with India and South Korea.

That's true.

For a few decades, a number of Asian countries were masters at replicating products that had been researched and developed in other countries. In some cases, Japan, South Korea and China improved on the original product (usually electronic) then priced the replication below the creator-country's retail price to dominate the market.

It was a big focus when I was studying international business. IMO, it was a smart and viable business/economic strategy -- avoid the R&D cost, take advantage of lower labor costs, and make a killing. At the same time, those country's had harsher import barriers, so it was a one way street. Sometimes they pirated or illegally breached patent/copyright laws. But, many times they just lifted from US technology journals and white papers -- perfectly legal.

Japan's led the pack in terms of innovation when it comes to gaming technology, though they seem to have lost some of that edge in recent years (just from my observation -- I don't know that to be a fact). These days, when it comes to electronics and technology products, new features and upgrades are much quicker. What's new becomes old quickly.

I think that innovation (along with dominating old school manufacturing) is on the rise and a higher priority in Chinese businesses and schools. Jack Ma's a smart and charismatic entrepreneur -- he ain't the only one. I've read about a lot of other smart tech-savvy students and businesspeople in China. I think the Chinese politicians are wise to be negotiating with western governments to open more import markets in exchange for a broadening of their exports.

Anyway, I'm curious as to whether Alibaba soars into new markets or starts to fizzle.

[thekid65]

We (the company I work for) competes with a lot of the aforementioned countries. Actually, we can't compete, not only because of the reduced wages, but also the extremely lax environmental and safety laws in those countries. How can we compete with $1/hour wages? How can we compete with companies that are allowed to dump industrial waste in the air and water? The measures we have to have in place for the environmental shit are extremely expensive.

We still mange to hold our own quite well, however..due to the quality of our product. The OEM's that we do business with put that at the forefront...which is why an Intel chip will cost quite a bit more than a Hynix chip.

One of our major customers in Japan...a company that we share and develop manufacturing technology with...refers to the Chinese/Koreans as "Pirates".

[Maggot]

Mycoplasma Pneumoniae




Bactria infecting a macrophage



petri dish starry starry night

[Som Yung Ho]

Jack Ma you say? That rings a bell.

Bet he looks the same.

[Maggot]

Life is a rock.............