Archive for the ‘News’ Category

MarketWatch: Foxconn’s troubles expose China’s woes

July 4, 2010 Leave a comment

I read an article written by John C. Dvorak posted on MarketWatch about Foxconn;  I thought it was quite interesting and worth a read.

From what friends have told me and from most reports it is “essentially a steel mill on one end and computers come out of the other end.”

Read More: Foxconn’s troubles expose China’s woes

Dvorak Uncensored: ATMs on Craigs List

November 23, 2009 Leave a comment

Dvorak Uncensored: I Bought an ATM machine off Craigslist for $750 with 1000 credit card numbers inside..

After the Vegas DEFCON ATM debacle where hackers hacked hackers by setting up a fake ATM in front of the facilities security office, I needed to see how stupid easy it was to buy an ATM and just set it up anywhere. So my search began.

I started looking on e-bay and found plenty of new and used ATMs ranging from $500-2500 but quickly determined I didn’t want to pay $300 for shipping. Next was Craigslist

Read more…

GM to close truck plants

June 3, 2008 Leave a comment

GM to close truck plants, shift to fuel-efficient cars – Jun. 3, 2008

Why close them? Why not convert them to plants that produce vehicles that consumers want. I do have to say, though, the writing has been on the wall. I would like to meet the board of directors and ask them where they got the strategy to build SUVs. I know they are profitable, but the board should be smart enough to realize that the strategy to build SUVs is not sustainable. Jesus. If I was a stock holder in this company, I would be trying desperately to knock the entire board and management team out. I sense they are a bunch of yes men, or greedy people. Obviously most of the board incompetent to lead General Motors.

On a related note, at the most recent USG shareholder meeting, the shareholders voted (I voted NO) to add Robert Barnett to our board of directors. Mr. Barnett was a retired Executive Vice President of Motorola. So here are the two questions I have:

  1. Why did shareholders add a member to the board that was previously part of the management of a technology company. USG is a building supplies manufacturer. Does not make sense to me.
  2. Why did shareholders add him to the board when he has been part of the management team that has lead Motorola into a spiral of death?

When do I get to run a company?