Reem With A View

"Names and attributes must be accommodated to the essence of things, and not the essence to the names, since things come first and names afterwards." – Galileo

AOL buys BEBO. Welcome to the Bubble 2.0

Time Warner seems to have done the SAME mistake TWICE.

First it wasted billions in buying AOL. And now Time Warner AOL has wasted hundreds of millions on Bebo…which is nothing but junk!

Bebo is so far behind Facebook, Myspace and even Orkut… that even a kindergarten kid would know that $850million is a ridiculous over evaluation of the site. AOL has paid 160 times EBITDA!!!!!

Will you pay $850 million for a company with reveneus of just $20million and EBITDA of just $5 million ???? Hell no!

I think its time for AOL shareholders to dump AOL shares before its too late.

Filed under: News, Business & Current Affairs, , , , , , , , , , ,

Blue-Ray beats HD DVD in the format war

Finally… after losing the VHS vs Betamax format war to Matsushita in the 70s, Sony has bounced back to win the high definition DVD war with Toshiba. Sony learned from its earlier mistake of ignoring “content” for “technology”. Everyone knows that Betamax was a better video tape format than VHS. But VHS got the nod of Hollywood! And once content flood the markets, VHS sales just sizzled. (It also got a boost from the porn industry!).

This time, Sony did the right deals with Hollywood and the last nail on HD-DVD was Time Warner going ahead with Blue Ray, leading to Wal-Mart dumping HD-DVD in favour fo Blue-ray discs in its stores. While “Content” was king in the 80s, the late 90s brought in the era of “Distribution”. You can’t sell what you can’t distribute, and consumers can’t buy what they can’t get! Its as simple as that. And when the earth’s largest retail store, Wal-Mart decides to stock only Blue-Ray, then Toshiba must wind up HD DVD asap!

Anyways, it’s good for consumers that one format has one, as it has saved billions of dollars of economic waste in stocking two formats. Soon all Laptops, XBOs, Wiis, Playstations, DVD pplayers can all have one format.

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Microsoft’s Killer App: Instant messaging via XBOX 360

Instant Messaging Comes to Xbox 360, Expanding the Largest Social Network on Television
Xbox360 owners can now connect with more than 260 million Windows LiveMessenger users using their Xbox 360 console, Windows-based PCs and WindowsMobile-powered devices beginning the week of May 7.
Read more here: Microsoft Killer App

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Filed under: Science & Technology, , , ,

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