Business and Tech Links and Notes #8

1-17-10

1. http://www.bloomberg.com/apps/news?pid=20601087&sid=aTwgQtfwYUe0&pos=1

“Kraft Must Raise Cadbury Offer by 10%, Survey Shows (Update1)”

Kraft really seems to think it is in a position of strength here, when in reality, Cadbury’s investors seem to be incredibly loyal to their company. I think Kraft will have to increase its offer to at least 850p per share to make the company even budge, because Cadbury clearly seems to show indifference toward Kraft’s efforts. I think Kraft would be better off just making a good offer right off the bat, because Cadbury’s stockholders will just gain resolve as time goes on. Moreover, Hershey seems to be right on Kraft’s tail.

2. http://www.forbes.com/feeds/ap/2010/01/17/business-broadcasting-amp-entertainment-ml-saudi-alwaleed-news-corp_7280910.html?boxes=Homepagetopnews

“Saudi billionaire eyes new links with News Corp.”

I wonder how many other big investors are telling Citicorp, or the other major investment banks for that matter, are having similar conversations with their respective boards. The banks really need to start giving out credit again and actually make money if they do not want to irritate their investors. That being said, I agree with Alwaleed that it is just a bit early to start taxing banks. I could maybe see it being more acceptable a year or so from now, but forcing taxes from them before that seems like an open invitation to the banks to say they cannot keep afloat and ask for even more money.

3. http://www.foxbusiness.com/story/markets/venezuelas-chavez-says-better-relations-possible/

“Venezuela’s Chavez Says Better Relations With US Possible”

When will Chavez realize that he is not really a communist as much as he is simply a despot? He would be as happy as a clam if he was the one with the wealth and power that the U.S. has, and he would not care at all if he got it through capitalist means. The Chinese realized that capitalism was the way to go and grew as a country by embracing it, making themselves communists in name only. Venezuela could do the same, especially considering they make so much money on oil exports to the U.S.

4. http://money.cnn.com/2010/01/12/smallbusiness/plainview_marijuana_marketplace/index.htm

“Medical marijuana, meet e-commerce”

Like most social movements, this one must crawl before it walks. The author talks about an entrepreneur who is trying to cash in on California’s incredibly gradual legalization of pot by creating an online commerce center for it. This entrepreneur sees profit in helping with documentation and other bureaucratic steps that are involved with California’s pushing the envelope on marijuana sales policy. I have to give props to this guy for coming up with such a sensational idea, but I also cringe at just how much legalese he has to wade through to not get in trouble with the law. I have to give it to him; he has gumption.

5. http://www.entrepreneur.com/growyourbusiness/businessstrategies/article204618.html

“Do You Know When to Take Chances?”

Although the article could have provided more insight from a business point of view, I really like the message the article sends. Playing things safe should be kept to a minimum when trying to grow and expand a business. When things are going poorly, it may help to cut one’s losses, but a business cannot thrive by just sitting around and waiting for sure wins. Entrepreneurial endeavors are the epitome of risk, and people who lack the stomach to handle it need not get into business for themselves to begin with.

6. http://news.cnet.com/8301-19882_3-10435478-250.html?tag=newsLeadStoriesArea.1

“TV industry turns blind eye to non-3D viewers”

There is absolutely no reason to invest in 3D television at this point. It is nothing more than a gimmick, and most 3D technology requires 3D glasses to see a depth illusion. 3D technology is alright in a massive entertainment setting, such as a movie theater, but unless people create entertainment spaces the size of many people’s entire houses, any 3D effects would be lackluster. Moreover, people would need to invest heavily in surround sound systems, or the effect would be lost.

7. http://www.informationweek.com/news/government/leadership/showArticle.jhtml?articleID=222301203

“Government IT Scrambles To Help Haiti”

When a disaster of the magnitude of what happened in Haiti happens, everyone has to pull out all the stops to make sure things get back up and running. In this case, the U.S. State Department even resorted to Twitter and Facebook to coordinate efforts. There is not much else to say here other than the fact that everyone must continue to give their all to get Haiti back on its feet. If you can and you have not done so already, donate to the Red Cross, UNICEF, or another charity coordinating relief for Haiti. Every little bit counts.

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