Salaries of software professionals rose 18.7% in 2007 while the rupee has gained almost 10% this year to near 10-year highs
Read the rest here
Wednesday, September 12, 2007
In defence of Blogging
Every reader may find a blog that caters to him/her, while journalism caters to the lowest common denominator
"...All who attack blogs are right, but they nevertheless miss the point, as Theodore Sturgeon could have told them. When Sturgeon, a writer of science fiction, was attacked for the rubbish that came out of that genre, he famously came up with what is known today as Sturgeon’s Revelation: “90% of everything is crud.
Sturgeon’s point was that most attacks against science fiction used “the worst examples of the field for ammunition”. And while he accepted that 90% of science fiction was rubbish, so was 90% of everything else. If one just looked at the crud component of any field, it would be easy to dismiss anything...."
"...All who attack blogs are right, but they nevertheless miss the point, as Theodore Sturgeon could have told them. When Sturgeon, a writer of science fiction, was attacked for the rubbish that came out of that genre, he famously came up with what is known today as Sturgeon’s Revelation: “90% of everything is crud.
Sturgeon’s point was that most attacks against science fiction used “the worst examples of the field for ammunition”. And while he accepted that 90% of science fiction was rubbish, so was 90% of everything else. If one just looked at the crud component of any field, it would be easy to dismiss anything...."
Friday, February 16, 2007
Guess why you did not get THAT shortlist ??
LUCK...............
With a pile of 300 résumés on his desk and a need to pick someone quickly, my boss told me to make calls on the bottom 50 and toss the rest.
"Throw away 250 résumés?" I asked, shocked.
"What if the best candidates are in there?"
"You have a point," he said. "But then again, I don't need people with bad luck here."
- Becky Horowitz (Reader's digest)
With a pile of 300 résumés on his desk and a need to pick someone quickly, my boss told me to make calls on the bottom 50 and toss the rest.
"Throw away 250 résumés?" I asked, shocked.
"What if the best candidates are in there?"
"You have a point," he said. "But then again, I don't need people with bad luck here."
- Becky Horowitz (Reader's digest)
Saturday, February 10, 2007
Tata-Corus - Analysis
Here's my analysis
Winners
UBS + Goldman Sachs: Had bought 11 percent of Corus before they pushed CSN into the bidding game.(think 0.11*11 billion *(609-455)/455 dollars ) **
CSN: had 36 million of Corus Shares. Put in a bid of 475 pence per share (and did due diligence later, can you belive it, did it get ponied by the bankers or it believed Tata would outbid it anyway)
Corus and its other shareholders: Obvious Reasons
Indian Politicians: Blowing their own trumpet
What does India (or Indian industry) gain through this publicity? Would investors be more willing to invest in India after this?
Potential Dark Horse
Tata Steel:
Got screwed ??
Yes, but it had already decided to build up capacity. Think industry dynamics (consolidation, pricing power) Paid $700 per tonne of production capacity. Would have needed double that amount to build (unless what I read was wrong, some say PV of expanding to that capacity to be $2000)
Verdict
There can be only one loser . (unless the industry consolidation wipes out smaller players) But fingers crossed?
** 400+ million dollars
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